Financial planner, Managing Director at Magenta FP
Number of years in financial planning
What qualifications do you have?
Financial Planning Certificate
Diploma in Financial Planning
Certified Financial Planner
BA (hons) Ceramics!
Various school a levels etc
How did you end up in financial planning?
When I completed by Ceramics degree I decided I didn’t want to move home to the country and wanted to stay in the ‘big’ city of Cardiff!
I’d had admin jobs before and worked at Nationwide where my dad worked for many years.
So I applied for many jobs, mainly administration and took one with Grant Thornton working for their house IFA. In My first week 9-11 happened and the markets went bonkers! He gave me a great opportunity, often throwing me in at the deep end, and within the first year I had started my financial planning exams. It was a great first full-time job and I’m still in Wales 15 years on.
Why did you stay?
It paid the bills much quicker than if I had pursued full time art!
In all seriousness, it ticks a lot of boxes for me. The job is social, it involves talking to people and hearing their life stories which I love. It involves problem solving and organization, both which I revel in and also, it doesn’t really involve that much maths, which isn’t my strong point. When math is required luckily, we have financial calculators and lots of great tools to support me!
Finally, and especially over the last day 10 years when I found out I was one of really only a small percentage of younger women in our profession I decided I should stick with it!
What does your typical week look like?
If I have a day in the office I walk to work, but I usually have a couple of days where I see clients, either new or annual planning meetings. This takes me out the office, usually to Cardiff.
At the start of the week I organize my to do list, social media posts for the week and accounts / admin type stuff. I also check in with the team and make sure we all have plenty to do.
We have an office update meeting every Tuesday, so people know what’s in the pipeline and can voice any concerns or queries.
Throughout the week I will answer any queries that come up from clients or staff throughout the day and review recommendation reports.
I’m also constantly looking at our online presence, blog, marketing etc to see how we can improve our position and attract new clients. As a young company we have a lot of work to do around this and it takes up quite a lot of time.
As compliance officer I also make sure we keep a tight record on our new business records and reconcile weekly. We’ve found the process of the RMAR so much easier this way.
Outside of work I like dancing, art and craft and eating out with friends. I also have a Persian cat, Basil, who takes some entertaining in the evenings and I also spend time tweeting for him too (he has over 10k followers from all over the world).
What types of clients do you work with?
It’s quite a wide range, from single or widowed older lady’s needing advice about all aspects of planning, business men and women may be looking to move jobs or make big employment decisions, to couples looking to make the most out of their retirement years and wanting to know if they have enough to do everything they want to do! We don’t have a pattern or type of client as such, or any specific client we are trying to attract, although lately we’ve seen an increase in female clients, which is great!
Are you employed, or self-employed?
Well I’m employed – but as owner-manager I guess that’s like being self-employed!
What makes financial planning a career worth considering?
It’s a job that can be flexible, it’s rewarding, challenging and can be great fun! If you have excellent social skills and are organized, dedicated and have a good eye for detail, you can quickly progress in the profession. It does take commitment and hard work to get the qualifications, usually on top of working full time, but it’s worth it!
It’s no longer all about commission and number of product sales, thank goodness – it’s about finding out what people want to achieve in life and helping them see how they can get there.
Every day at work is different and if you work with the right people it can really be fun too!
Why did you join NextGen Planners and what do you get out of it?
I want to be able to network with and share ideas with likeminded planners and business managers. I get really positive support from other members, some examples are about employment issues, staff training, share ideas about live cases, exam support. I also want to support and encourage others in the profession. I wish I’d had this network many years ago!