What used to be a family business is no longer. Beyonce has dropped her father as her manager, E! Online reports.

Matthew Knowles has managed his daughter's career since her early days in the business, including her time spent as part of the hit group Destiny's Child.

Just because the two are parting ways professionally, however, doesn't mean any sort of family drama going on behind the scenes caused the split.

"He is my father for life and I love my dad dearly," the singer said in a statement, adding that she and her father are separating only "on a business level."

The announcement comes on the heels of rumors swirling that the singer plans to drop her next single this spring.