On the road: the best bits from advice businesses in 2018

We love seeing where our readers are working, and learning what their locale has to offer. Here is a roundup of some of the best bits from 2018.

In the past 12 months, New Model Adviser® has travelled through valley and dale, from tip to toe of the UK, consuming copious coffees, breakfasts and burgers while finding out what financial advisers have been up to.

We love seeing where our readers are working, and learning what their locale has to offer. Here is a roundup of some of the best bits from 2018.

In the past 12 months, New Model Adviser® has travelled through valley and dale, from tip to toe of the UK, consuming copious coffees, breakfasts and burgers while finding out what financial advisers have been up to.

We love seeing where our readers are working, and learning what their locale has to offer. Here is a roundup of some of the best bits from 2018.

January

Dorset

Roberts takes on advice adventure

In January, the On the Road team visited Ward Goodman in Dorset to chat to financial planner Simone Roberts (pictured). After a year travelling the world, Roberts decided not to go to university but instead found a job in financial services. She joined Ward Goodman as a paraplanner in 2014.

February

Milton Keynes

Roberts gives next gen a nudge

For our cover profile we visited Carl Roberts (pictured), managing director of RTS Financial Planning. He talked to us about his flat-fee charging structure and his plans to attract young clients. Roberts wants to offer a free service using Moneyhub’s technology ‘to nudge young people into managing their finances when they need to’. It tracks them as they accumulate, then they can move to a paid service when they need it.

Roberts said: ‘I’m looking for any ways to attract younger clients that are exciting to them. Perhaps we need to offer something instant, as they have been brought up to get what they want immediately.’

March

London

West helps Girls Speak Out

To mark International Women’s Day in March this year, several companies held events in the capital. Petronella West, chief executive of London-based Investment Quorum, hosted a ‘Girls Speak Out’ event at the Institute of Directors, aimed at giving girls in Sierra Leone better access to education. Platform company Nucleus held a Ted Talk-style event to promote diversity in financial advice and Fidelity set up a women’s investment network.

April

Leeds

On The Road hits Yorkshire

In April the On the Road team travelled to Leeds to meet with Progeny Wealth, Integral Financial Planning and iWealth. In a city with much redevelopment and a fast-growing economy, it is an exciting place for financial planning.

 

May

Bridgend

Flying visit to Wales 

New Model Adviser® reporter Elliot Smith took a trip to Bridgend to interview Graham Wingar, partner at Future Asset Management, for our cover star feature (pictured). Wingar joined his father David at the firm in 2010 and now hopes to streamline the firm’s profits and efficiencies since taking the helm.

June

Bishop’s Stortford

Dale reveals her NMA inspiration

We caught up with Hanbury Wealth managing director Chris Emery and director Mandy Dale (pictured) for a cover profile in June.

Dale revealed that around nine years ago, flicking through a copy of New Model Adviser®, she saw an article about a Hitchin-based IFA and decided to drop her CV there. The next day she received a call, and shortly after started working as a paraplanner at Hanbury Wealth (which has since moved to nearby Bishop’s Stortford).

July

Liverpool

Ferry ’cross the Mersey

When the On the Road team visited Liverpool on 17-18 July, they found local advisers in good spirits. IFA business is booming, and favourable market conditions, boosted by the collaborative and friendly nature of local advisers, has made the city an exciting place to run an advice firm.

The team visited Kevin Neil, financial adviser at Laurence Anthony; Iain Mackie, managing director at Fraser Wealth Management; Julie Calvert, director at Pavis Financial Management; Emma Craig, director at Prosperity Private Wealth; and Sean McDermott, director at SMC Financial services. Our resulting 'postcards' series (pictured above) was a roaring success, so we hope to bring you more of that in 2019. 

August

Birmingham

Bullish in Brum

In August, the On the Road team found Birmingham boasts a gastronomic triple crown: Cadbury chocolate, curry and, er, cool restaurants (the city has four Michelin-starred eateries, second only to London). But it also has community spirit, civil pride and its well-known comedians (Lenny Henry, Tony Hancock, Stewart Lee and Jasper Carrott, depending on what floats your canal boat).

The team visited Phil McGovern, managing director at MPA Financial Management; Tony Bates, managing director at Idex Consulting; Sarah Seeley, financial consultant at Kind Wealth; Hannah Price, managing director at Mischievous Marketing; and David Philips, director at Wealth Design.

September

Jersey

Alker looks to mainland on Mifid

Pensions advice and Mifid II were on the agenda for financial advisers in Jersey in September, according to Vantage Wealth chartered wealth manager Paul Alker. Advisers on the island follow different tax rules and are not bound by EU regulation.

Alker is also education officer for the Jersey branch of the Personal Finance Society. He said the organisation is keen to adopt UK pension practices. In particular he wants to ensure all pension advice goes through a regulated financial planner. He also said a Mifid II consultation was under way.

October

Manchester

NextGen lives and breathes advice  

The NextGen Planners conference took place at Manchester’s Bridgewater Hall in October, where Paradigm Norton client director Ruth Sturkey called on young financial planners to step forward and make their voices heard. Alan Moore, founder of the US financial planning network XY warned the next generation to get succession promises in writing.

We also interviewed four NextGen directors (pictured) for our cover star feature, which now operates as a business in its own right. ‘As a community and as a board, we live this and we breathe this. We’re financial planners, we’re business owners, we’re trained people, and we believe the time is now to take it to the next level,' they told us. 

November

Bristol

Sojourn to the south west 

Healthy creative and technology industries, mixed with the surrounding country life, made Bristol (pictured) an easy choice for the On the Road team’s November visit. The team met up with Charles Chami, director at Glamis IFA; Paradigm Norton chartered financial planner David Burridge and marketing manager Sally Marshall; Continuum IFA Nathan Stacey; AFH Wealth Management adviser Ellie Hopton; and Ovation Finance chartered financial planner Tom Morris. 

December

Nottingham

Talking on the Trent 

This month Ashley Thomas-Walsh returned to his university town of Nottingham to meet financial advisers in the city. RU Group managing director Andy Dyke told her the universities were really helping Nottingham develop and Balance: Wealth Planning director Rebecca Aldridge recounted developments in the city. Mike Horseman, managing director of Cockburn Lucas, said the city’s future looks bright. 

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