How seven wealth stars evolved in the last decade

The last decade has witnessed some of the most dramatic moments in the history of financial markets. 

And as Wealth Manager celebrates its 10-year anniversary, we ask seven former cover stars from our magazine what they have learned during this tumultous time. We also find out what they think the next 10-years might hold. 

 

 

 

 

 

 

 

 

Chris Wylie

Chief investment officer, Connor Broadley

What investment advice would you have given to yourself 10 years ago?

Know what you don’t know, then back yourself on what you do.

And on a personal level?

Work with people you can trust.

Where do you see yourself in 10 years’ time?

They say good leaders create followers, but the best create leaders. That’s what I aspire to do. It would be nice to still be here at Connor Broadley as it goes from strength to strength, but with the hard work done by others!

Sarah Lord

Partner, Mazars

What advice would you have given to yourself 10 years ago?

Lead the way. When you find yourself in a situation where everyone looks at each other, it’s time to lead. You‘re a leader when you decide to become one. There’s no initiation or a title. Just a decision.

Don’t be judgmental. Just because people make different choices, doesn’t mean they are wrong. We don’t know everything about everyone so don’t judge them, accept that everyone is different and entitled to feel how they do or make their own decisions.

Go with your gut. Make considered decisions, but go with what feels right and back yourself.

And investment-wise?

Clients don’t expect you to have all the answers – they just want to hear reasoned and rational explanations as to what is going on in the investment markets.

Sit tight – 10 years ago at the height of the credit crisis I would never have expected a decade of historically low interest rates and such a long run of positive investment returns.

Where do you see yourself in 10 years’ time?

Continuing to lead. Leading successful teams to deliver the best client experience possible and profitable growth for key stakeholders.

Continuing to challenge myself. I am always striving to personally develop by taking on bigger and more strategic roles.

Continuing to share my passion for the profession – helping employees and clients alike achieve their full potential.

Jon Curtis

Head of Tunbridge Wells office, Charles Stanley

What advice would you have given to yourself 10 years ago?

Make sure that you achieve a good work/life balance. It’s too easy to get involved in work and miss the joys of seeing your family grow up.

And investment-wise?

Don’t overcomplicate investment decisions. There is a lot to be said for keeping it simple and remembering the fundamentals. Don’t get caught up in the ‘this time it’s different’ cries from the next generation, but keep up-to-date with technology and have an open mind.

Where do you see yourself in 10 years’ time?

In 10 years’ time I will be pushing 60 and I’d like to think approaching retirement, having laid down a clear succession plan for a smooth handover of my clients.

Shelley Leaney

Director of private clients, Charles Stanley

What advice would you have given to yourself 10 years ago?

Trust your instincts. Which is as true for one’s personal life as it is for investment management. When Northern Rock was listed as a buy on the market something inside me told me to sell. It collapsed
the next day.

Never stop adapting to the changing environment. My approach to investment is far more global than it was 10 years ago. If you don’t adapt to new ways of doing things you will find yourself left behind. I’d also say be tenacious – just keep going. Hard work does pay off.

Where do you see yourself in 10 years’ time?

I have a house in the Dordogne in France and I’d like to think that my family and I will be spending more time out there. I studied at Trinity College of Music and play the clarinet, cello and piano, so I would like to spend more time devoted to music too.

Jonathan Fry

Managing director, Fry Family Office

What advice would you have given to yourself 10 years ago?

To try and remain as focused as possible on the values that matter to us as individuals, and to have the courage to pursue, and keep hold of, those values through life’s challenges. Having the maturity to define what is worth striving for takes time and perhaps can only be learned through costly experience. Happiness is illusory, it is a fleeting experience, if there is a path to fulfilment then it lies in shouldering responsibility.

And investment-wise?  

The importance of persisting with incremental improvements and to recognise that for a sustainable business continuing evolution is not only vital, but it continues to be a journey which never reaches a final destination. Just to enjoy that ongoing development process and not feel a sense of frustration that the finished article always lies just over the horizon.

Where do you see yourself in 10 years’ time?

I enjoy what I do, so I am happy to see myself working at Fry Family Office with the clients we support. There is so much more for us to do with the development of our digital OmniView service that I want to continue that creative work and to continue the close personal relationships I have developed with our clients. No day is ever the same, so I don’t believe it will ever become routine!

Haig Bathgate

Head of portfolio management, 7IM

What advice would you have given to yourself 10 years ago?

To back your judgement and realise that you have a lot more control to affect outcomes than you think. It took a number of years to be able to complete the management buyout of Tcam and with the benefit of hindsight that could have occurred much sooner. The experience gained through that period and again with the subsequent joining with 7IM has been invaluable as a learning experience.

And investment-wise?

To back your judgement but also to remain open minded. While it’s important to have courage in your convictions it’s also really important to surround yourself with people who have different views and personalities. Taking the time to understand why people have different views before reaching conclusions is crucial in your development. You never stop learning.

Where do you see yourself in 10 years’ time?

I want to keep pushing myself and trying to learn as much as I can. Going from a small to a medium-sized company in the form of 7IM presents new challenges, but it’s remarkable how many of the same challenges are evident. I get a lot of motivation from helping improve things and I’ve always enjoyed the big picture thinking. With more resource, a bigger team and a new market, the opportunities for the business and me personally are significant.

Dr. Tiffany Troxel

Managing director senior advisor, Julius Baer, London

What advice would you have given to yourself 10 years ago?

'Don’t sweat the small things.' This advice was given to me years ago but it is easy to get caught up in the day-to-day routine and forget about this.  I like everything to be organised and planned but life is not a pre-planned straight line,it can be curvy!  My advice would be to have a career and life plan but be flexible when life throws curveballs.

And investment-wise?  

10 years ago it was the financial crisis and we were past the worst of it by this time.  The best investment advice would have been to buy equities. There was still a lot of uncertainty and many clients were still (rightly) nervous but it was, arguably, the best time in more than the last 10 years to invest.

Where do you see yourself in 10 years’ time?

Hopefully, in 10 years’ time, I will be doing the same thing I do now—managing my clients’ investments.  I love what I do and I do not plan to do anything else.