Colchester-based Fiducia Wealth Management has recently undergone a management buyout (MBO), according to its Linkedin profile.
The financial terms of the deal were not disclosed.
The majority of the business is now owned by directors Susie Laws and Gordon Kearney, after the founder and executive chairman, John Millican, sold a majority stake earlier this year.
Kearney, having joined as part of the investment team when the firm was founded, was appointed a director in 2006 and managing director in 2018.
Laws and Kearney said: “We are thrilled to take the helm of this honourable and much-loved firm and look forward to serving our clients and connections with the passion and integrity that have become hallmarks of Fiducia.
“We feel the future looks very bright”.
