Paradigm founding partner Anthony Morrow has stepped down from his full-time role at the adviser support firm.
Morrow was part of the team that launched the firm – which helps advisers on areas such as compliance, risk profiling, platforms and pensions – in 2007. Paradigm now provides services to around 400 UK advice firms and 1,200 advisers.
Morrow will retain a senior consultancy role with the firm.
Senior partner and chief executive Paul Hogarth says: “I would like to extend my sincere thanks and gratitude on behalf of Paradigm for the excellent contribution Anthony has made to our collective achievements to date.”
Morrow says: “It is obviously a day of both sadness and excitement to be stepping down from my full-time role in a business in which we have achieved so much in such a relative short space of time.
“Paradigm is a fantastic business that punches well above its weight across a whole range of sectors and it is perfectly placed to continue on its path of success.
“After eight years I feel it is the right time for me to explore other interests that I believe offer the same challenge that I faced in 2007 when Paradigm was launched.”
Morrow has been appointed as an adviser to the financial services practice of a global consultant, will be working with a unnamed private equity fund, and developing a financial technology proposition.
In 2014, Morrow sold his minority stake in adviser consolidator Perspective and stepped down as non-executive director. Hogarth is also chief executive of Perspective.
The Paradigm group sold its network, Paradigm Financial Advisers, to Caerus Capital in 2013.