Harwood Wealth Management Group has made a number of changes to its board, including making Alan Durrant sole CEO, driven by impending changes to the Senior Managers Regime and the evolution of the group.
Neil Dunkley, who is currently joint CEO alongside Durrant, will become managing director of financial planning, but will continue in his role as executive director.
Harwood said the changes have been "driven, in part, by the forthcoming changes to the Senior Managers Regime and as part of the group's continuing evaluation of how best to organise its internal structure and reporting lines".
It added the move will enable Dunkley "to fully dedicate his time to management of the financial advisory business", leaving Durrant responsible for the growth of the group's investment management division Wellian.
Elsewhere, group CFO Nick Bravery will step down on 31 October, moving to the non-board position of company secretary. The group said it intends to appoint a new group CFO before the transition and has already identified "a number of appropriate candidates".
Chairman of Harwood Peter Mann said the changes "make the best possible use of the resources within our senior team and are confident that this will continue to enable the group to thrive".
He added: "The board is very pleased that we will be retaining Neil and Nick's skills within the group.
"Alongside Alan and the board, they have led the group through several years of rapid growth and its listing on AIM.
"With a robust board, positive market drivers and an exciting pipeline of acquisition opportunities ahead of us, we look forward to the future with confidence."
Effective from 1 August
10 new members
Strategic partnership between firms
12 months' notice