View more on these topics

Founder Ronaldson leaving Intrinsic

Intrinsic deputy chairman and group marketing director Kevin Ronaldson is leaving the firm after more than five years.

Ronaldson was one of six founders who set up Intrinsic in 2006. He will leave at the end of April after the firm’s national members’ meeting.

Intrinsic says it has no plans to replace Ronaldson.

Money Marketing understands Intrinsic will appoint a new director to the board within the next month and is considering a restructure of its senior management team.

The details are expected to be announced at the members’ meeting in April.

Chief executive Richard Freeman says: “I would like to thank Kevin for his energy and commitment over the past six years. We wish him every success in the future.”

In April, Intrinsic made a £1m investment in its retail distribution review training programme, which will pay for members to take the ifs School of Finance diploma for financial advisers.

It also announced it was considering consolidating its brands into two distinct channels, separating its IFAs from its restricted advisers.

Thameside Wealth Management director Tom Keane says: “Even though it does seem a bit close to the RDR to have changes to the management of large businesses, Intrinsic obviously feels it has the right plans and strength to be able to make it work and transfer seamlessly to a new order.”


Patience has its rewards

Throughout 2011, we were bombarded with headlines such as Greek tragedy and Acropolis Now as the Greek debt crisis took centre stage. Investors took fright and many European funds saw net outflows. It has become an unloved, neglected sector. Although Greece is symbolic of the wider problem of a lack of economic and political cohesion […]


Nick Cann: Independent thinking needed on independence

The debate about independent and restricted advice has taken a new course over recent weeks with the publication of the latest updates by the FSA. Emotional attachment to the philosophy of independence is strong. Many have built their business and reputation on an ability to put the client’s interests first. The latest papers set out […]

The Business of Giving Advice

The statement from the FSA on legacy commission gives clarity at high level but in the detail there is potential confusion. Legacy commission is one of the main determinants of business value so its preservation or transition to adviser-charging is important. For many firms, the issue is not about clinging to commission but about managing […]


Govt to take on £37.5bn Royal Mail pension liabilities

The assets and liabilities of Royal Mail’s pension fund will be transferred to the Government next month, according to reports. Subject to EU approval, the Government will take on £28bn of assets in the deal which would provide a quick windfall for the Government coffers. But it will also take on £37.5bn of liabilities which […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm