Perspective commercial director Anthony Morrow the IFA consolidator.
The business confirmed Morrow has left the business and sold his shareholding, but could not confirm who has taken over his stake in the business.
Perspective executive chairman Paul Hogarth is also founder of Paradigm, which yesterday posted accounts for the year to April 2013 showing reduced profits following the sale of Paradigm Financial Advisers.
In January, Money Marketing revealed Perspective had deferred payments due to acquired firms with Hogarth injecting £2m into the company in the form of a loan.
The firm was seeking to secure further investment at the time and is understood to be close to making an announcement.