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A day in the life of: MCM Wealth's Nick Welsh

A day in the life of: MCM Wealth's Nick Welsh

Nick Welsh, wealth manager at MCM Wealth, Norwich, runs us through his day and his guiltiest pleasure.

My alarm goes off: 6 a.m. I spend 10-15 minutes checking the Financial Times for headlines, and then, if it’s my turn, I take the dog for a walk.

I’m responsible for: Looking after the investment and pension needs of private clients, charities, trusts and organisations. 

The worst part of my job: The amount of time we spend looking at computer screens.

The best part of my job: Helping people, and always learning.

After work: I play ‘chef’ at home. Afterwards, I usually catch up on the day’s events, send a few emails, do some light reading and prepare for the next day.

I got the job: A former colleague offered me the chance to join his business. The opportunity to work closely with high-quality wealth management professionals to create better investment outcomes for our clients made it a very easy decision.

I’ve been in the role for: I joined in October 2017.

How long is your commute to work? Our Norwich office is only 15 minutes away from my house and a stone’s throw from the train station. I also work in London, which is typically a four-hour round trip on the train. This adds a fair bit of time to the commute, but it gives me the opportunity to catch up with some work or reading.

Typical lunch choice? I used to be quite structured with lunch, but nowadays, I will just grab whatever is nearest on-the-go or have something during a lunch meeting. I do compensate for my poor lunch routine somewhat with a good breakfast and dinner. That’s diversification, right?

What are you reading at the moment? I am halfway through re-reading Principles by Ray Dalio. Next up is Bad Blood: Secrets and Lies in a Silicon Valley Startup by John Carreyrou. It’s about the rise and fall of Theranos and its founder and CEO Elizabeth Holmes. I’m intrigued by human behaviour, especially when making financial decisions, and, having already seen some of the coverage of Theranos, I think there will be a number of interesting themes.

What is your guiltiest pleasure? A YouTube or Wikipedia binge.

What’s the biggest challenge you face day-to-day in your role? Volume and scalability. Ours is not a business that is easy to scale if you want to maintain a high-quality, personal service.

You are hosting a dinner party this evening.  Which three people would you invite and what are you cooking? Barack Obama, Frank Sinatra and Darius Rucker sitting around a table, sharing stories, singing a few songs and chowing down on pizza and wine.

What do you get up to out of the office? I am in a non-executive director role at a social enterprise specialising in providing young people with the skills, confidence and knowledge to live safely and securely. Spare time is usually spent with family and friends,
but I also like to read, play golf and follow American football.

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