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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.”

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