Intrinsic wealth network managing director Stephen Fryett is set to leave the advice giant to “seek out new opportunities” as the revolving door at the top of parent company Quilter continues to rotate.
Stephen Fryett, who has been at Intrinsic since it was formed in 2005, will exit midway through 2019 in order to “seek new opportunities”.
He was initially a network sales director before being promoted to managing director of the wealth network in 2016.
Fryett oversaw investment and pension advisers at the wealth network. His position will be transferred to Intrinsic Group managing director Stephen Gazard, with the handover period beginning immediately.
“I have really enjoyed the last 13 years at Intrinsic, working with such a strong management team and am immensely proud of the business we have today,” Fryett said.
“In over 30 years in financial services, I’ve had the opportunity to work with hundreds of advisory firms and those in Intrinsic are among the very best. It has also been incredibly rewarding working closely with these firms to constantly evolve our proposition, ensuring it remains relevant to advisers and delivers excellent outcomes to their clients,” he added.
His departure is the latest in a series of resignations from Quilter’s leadership team as part of a business optimisation process which included a restructure of its executive team, as reported by International Investment.