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Cover star catch up: Adrian Murphy of Murphy Wealth

Cover star catch up: Adrian Murphy of Murphy Wealth

I meet Adrian Murphy, partner at Glasgow-based Murphy Wealth, on a relatively sunny and warm autumn morning. The first thing I ask is how things have changed since he featured on the New Model Adviser® cover in 2011, and he promptly tells me it will take all morning to answer the question.

He also jokes that my ‘aubergine’-coloured suit could not possibly have been purchased in Glasgow. He’s quite right.

Murphy’s upbeat mood is justified. Although there have been some forks in the road, including staff turnover following the firm’s relocation from Ayr to Glasgow, the overall trajectory for Murphy Wealth has been upward.

‘We were a business in flux,’ says Murphy on reflection. ‘At that point [2011] the firm was called Murphy Financial and we were based in Ayr, but it didn’t seem right for the direction we wanted to take. Ayr has suffered like most small towns in recent years and we needed to be closer to the centres of wealth creation.’

The move was not without its hitches though, as an adviser and a large client departed.

‘It was a real period of learning,’ says Murphy. The firm though pulled through and made new hires.

Looking to the future Murphy is targeting ‘world domination’ as the firm builds on its professional connections, marketing strategy and possibly acquiring other businesses. In the near term he wants to increase turnover to £1 million in the next three years.

 When he is not planning, or at least joking about world domination, Murphy is often found out on his nearest golf course. ‘Golf is such a great method of building relationships,’ he says.

Other than that, he’s also a regular at Muay Thai classes, and is looking forward to a winter spent snowboarding.

CHARITY WORK

‘We support a charity called RaceRunning, which is an athletics club for children with cerebral palsy and other disabilities,’ says Murphy.

‘They have bikes that they run on, rather than pedal. It’s fantastic and we’ve been supporting it for a number of years.’

FIRST JOB

‘My first job was working for a photographer,’ says Murphy. ‘I sat in the back room of his studio with the phone book, calling people to ask if they’d received his brochure about Christmas portraits, when in fact he hadn’t sent any out. When they said no, I’d ask if they wanted me to send them one!’

RETIREMENT PLANS

‘I would definitely like to travel more. I went straight from university into the business,’ says Murphy.

‘I’d love to go to China, Hong Kong, Singapore and Japan. One of the things I don’t do enough at the moment is lie on the beach doing nothing.’

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