Transact has announced the death of its co-founder and former chief executive Ian Taylor at the age of 58.
In a statement Transact said Taylor died peacefully after a short illness on October 17th. He is survived by wife Frances and three children Patrick, Elizabeth and Annie.
Taylor co-founded Transact in 1999 with Michael Howard, and became chief executive of the company in 2002. He led the business for 19 years as it revolutionised the advisory platform market, which resulted in its IPO in April 2018. He stepped down as chief executive in 2020 and retired from the business in February 2021.
IFAL CEO Jonathan Gunby said: “”We are, all, desperately saddened by the news of Ian’s passing. Our condolences and thoughts at this time are with Frances, Patrick, Elizabeth, Annie and their wider family.
“Ian was a true innovator and a giant of the industry, who leaves behind a legacy of a transformed world for financial advisers. He will be greatly missed, not least for his razor sharp sense of humour.”