Bloomsbury senior partner Jason Butler has left the wealth management firm he founded in 1998.
Butler has sold his stake to principals Carolyn Gowen and Robert Lockie and will no longer be giving advice himself.
He will be pursuing various interests including working with Advice Front, a startup he invested in this summer that aims to provide advisers with a platform to serve the mass market.
Butler says: “I have enjoyed my years at Bloomsbury immensely and deciding to leave the firm was a very difficult decision to make. However, after 17 years at the helm and 25 years as an adviser, I’ve decided that I want to focus the bulk of my time and energy on writing, public speaking and financial education activity.”
He adds: “I want to have a bigger influence, I don’t want to sit back and work with a small number of people. Being involved in financial technology in the advice sector is exciting and most of the firms doing this don’t have financial planners on board.”
Gowen says: “The entire Bloomsbury team recognises the tremendous contribution that Jason has made over the past 17 years to make the firm what it is today and we all wish him well in the future.
“Robert and I are very excited about taking Bloomsbury forward to the next stage of development and to build on the solid base that has been achieved so far.”
Butler launched Bloomsbury in 1998. Since 2005 it has operated as a subsidiary of US firm Raymond James Financial.