Chartered Financial Planner Jack McVitie, the founder and chief executive of retirement advisory firm LEBC, has died after a short illness.
The company said today that Mr McVitie will be “profoundly missed by his colleagues, his clients and his many friends in the industry.”
Mr McVitie built the company up to become one of the major players in the UK retirement advice sector.
The company announced recently that Mr McVitie would be standing down as chief executive while he fought his illness with his responsibilities shared by senior colleagues.
LEBC Holdings chairman Oliver Bogue said: “I speak for everyone at LEBC when I say that we are all deeply saddened by Jack’s death.
“Jack had guided LEBC with outstanding stewardship for the past 20 years and always acted in the very best interests of the group’s clients and staff, indeed all stakeholders, putting them at the forefront of all that he did.
“When Jack and the founding team started LEBC, as long ago as 2000, it had but three branches and a staff of 24; he spearheaded LEBC’s growth, which has seen the business become one of the largest independently owned national IFAs. Jack McVitie will be sorely missed by everyone who knew him, and our thoughts are with his family through this sad time.”
An LEBC spokesperson added: “Jack was unique and held in the highest regard by competitors, clients and colleagues alike. We will continue to build on his legacy to make financial advice accessible to all, and to ensure LEBC Group remains at the forefront of innovation in financial advice.”
The board of LEBC holdings have sent their sympathies to his family and have asked for the privacy of family and colleagues to be respected at this time.
Kevin O’Donnell, editor of Financial Planning Today, said Mr McVitie had been a helpful and valued commentator on many occasions and had always stressed his commitment to professionalism. He added: “He built a formidable business and his untimely death will be a shock to many in the profession who respected and liked him. He was both a committed Financial Planner and an entrepreneur. His death is a big loss to the sector and condolences to his many friends, colleagues and family.”
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