M&G Wealth has announced that Tim Sargisson, CEO of Huddersfield-based independent financial advice firm Sandringham Partners, is to leave the business early next year.

Sargisson has been CEO of Sandringham Partners since 2015 and led the acquisition of the business by M&G plc at the start of this year.

“The existing management of Sandringham remain in place and will further develop its growth strategy,” said M&G Wealth.

Sandringham currently has over 180 IFA Partners and advises on assets of more than £2.5 billion for over 10,000 clients.

It sits alongside M&G Wealth’s existing advice, platform and investment businesses and will continue to operate under the Sandringham brand.

M&G Wealth MD David Montgomery said: “I thank Tim for all his support and positive commitment to making the M&G acquisition of Sandringham a success.

“He has played a huge part in making Sandringham such an attractive and growing proposition for M&G to acquire and integrate as a core part of our strategy and proposition going forward.

“We wish him every success in the future.”

Sargisson said: “I have been incredibly proud to lead Sandringham. Our core focus has always been to support, guide and enable our partners to protect and enhance the lives of our clients.

“We have consistently been independently recognised as having significant levels of client’s engagement and satisfaction ratings in delivering excellent outcomes for our clients.

“I am confident that, as part of M&G, our partners will be able to increase this focus in the future and continue to greatly enrich our clients lives.”