Caerus head of operations Lynn Smith is to leave the business.
Smith joined in January 2013 having previously been employee services director at Honister Capital.
Caerus completed the acquisition of Paradigm Financial Advisers last year. Chief executive Keith Carby says Smith was central to the integration of Paradigm advisers.
He says: “After completing the integration of Paradigm Financial Advisers into Caerus head of operations Lynn Smith is stepping down and will leave in November.
“On behalf of all my colleagues, I would like to express our gratitude and admiration for the job Lynn has done for Caerus. She is a much liked and much appreciated colleague. Lynn goes with our very best wishes.”
Smith plans to spend some time outside the industry to travel.
She adds: “I have thoroughly enjoyed my time at Caerus and have learned a great deal from working with Keith and sales and marketing director Andy Ferns. They and the rest of the team at Caerus have been a pleasure to work alongside. I will miss them. I want to travel extensively for the foreseeable future and will then decide what next.”
Money Marketing reported last week that Caerus has been hit by the collapse of one its largest member firms, a company called The Welbeck Group. The network says a loan to the defaulting firm is secured against pipeline commissions.