“Tim has made an invaluable contribution to Cavendish and the wider industry over," the spokesperson said. "We wish him all the best for the future."

Also speaking to SMSF Adviser, Mr Miller said while he enjoyed his time at Cavendish, he is ready for the next phase in his career and plans on setting up his own consultancy.

“Basically the idea is to take that CPD process and also that trustee education stuff and build on the years that I’ve been doing it with Cavendish to take it to the broader market,” he said.

“So, to be able to do what I do without limitations [on] who I do it for,” he added.

Mr Miller said there were no issues with Cavendish upon his departure, and he looks forward to working with the company in the future.

“After 16 years it’s probably the hardest decision I’ve ever had to make, but I thought it was time. They’ve got such a strong team there now, it’s the best time to do it.”