Reid previously joined Gemini when it was founded in 2006, going on to hold various roles. He last headed the investment management team in late 2013. According to his LinkedIn profile, he then spent three years as a director at Securus Wealth Preservation.

He takes over day-to-day responsibilities for managing the team and client assets of more than £245 million ($350 million).

“With the ongoing planning for the launch of our discretionary investment management proposition later this year, Paul’s knowledge and qualifications will prove invaluable. He is a longstanding and respected member of our team,” said Gemini director Gary Metcalf.

Gemini's services include wills, inheritance tax and investment planning.