Chris Atkin - the founder and owner of Atkin Trustees – has transferred a majority stake in the business to his son, Nick Atkin, and fellow director Rob Dales.
The firm said the move reflected the founder's personal ethos that Atken Trustees should remain the voice of small schemes rather than be sold to a larger competitor and would ensure the continuity of the business in its current form.
It said Chris Atkin would remain in the business and continue to provide advice to his clients.
Commenting on the move, Chris Atkin commented "I wanted to ensure our clients continue to receive the personal and thoughtful service they have always received and the only way to ensure this was to ensure the continuity of the business in its current form. Many of our long-standing clients have small pension schemes and would become lost in the world of the larger advisers."
Nick Atkin added: "We are committed to remaining independent and to being the voice of small schemes to enable them to continue their independence without costs and compliance making their future uncertain."
Dales said: "I am delighted to become part of the family and help Nick continue to provide the unique service to our clients as we work together in ensuring members receive their pension on time and giving quick responses to their questions while ensuring the trustees meet all of the regulatory and governance requirements without incurring ‘large scheme' costs."
Atkin Trustees Limited, trading as Atkin Pensions and Atkin Trustees, provides actuarial and investment consultancy, administration, and trusteeship to small defined benefit schemes.