Ben Yearsley has left his role at tax-efficient investment service Wealth Club, which he co-founded with ex-Hargreaves Lansdown pensions expert Alex Davies early last year.
Yearsley (pictured) has left to focus on his non-executive roles - he is a non-executive director at advisory business Shore Capital and was recently appointed member of the investment committee on the Downing Diversified Global Managers fund.
Speaking to Professional Adviser's sister title Investment Week, he said Wealth Club had grown rapidly and required full-time commitment, which would be better suited to someone who was not involved in other roles.
He added he had other potential non-executive positions in the pipeline, which could take up more of his time in the future.
Commenting on his departure, Yearsley said: "The business is doing really well. It has been a good first year, but it needs someone full time, and I am involved in other multi-faceted roles. The end of the tax year is a good time to move on."
Davies added: "The business has always been funded by myself and has always been my business. Ben has been involved in other non-executive roles and he wanted to concentrate on these. We remain on good terms.
"We have got a number of hires in the pipeline and the business is doing really well. We have 500 clients and £22m in assets under administration."
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