7 Reasons Why to Choose a Young Financial Adviser


By Nick Robinson 

One in five financial advisers plan to retire in the next five years, which can be a cause for concern. We explore seven reasons why a young financial adviser can add value and help you achieve goals.

When it comes to choosing a financial adviser there are plenty of considerations an individual inevitably considers; trust & integrity, reviews, qualifications & experience, cost, likeability.

But perhaps something worth considering when searching for a new financial adviser is their age.

To add some context to why age may matter to someone looking for a new adviser; the average age of a UK financial adviser is mid-50s. Due to this, up to 1-in-5 financial advisers plan to retire in the next 5 years and 6-in-10 plan to retire in the next 10 years!

We do not want to take anything away from older financial advisers – many of whom are excellent advisers with a great deal of experience and knowledge. However, for some people, the age of their financial adviser could be a cause for concern.

Therefore, we have compiled a list of reasons why we believe you should consider choosing a young financial adviser:

1. A longer-term working relationship

Firstly, advice is usually one-off or ongoing. For anyone who requires ongoing advice, you are more likely to have long term advice continuity if you choose a younger financial adviser.

With an experienced and well qualified adviser in their 30s, you could easily have a 30-year working relationship. Some people would consider this a serious benefit.

2. Less chance of you having to change your adviser

Once you’ve built up a relationship of trust with someone, it’s frustrating to have to build a new relationship. This is naturally more likely to happen the older your adviser is.

3. It may make the move from retirement planning into retirement easier

The adviser you have worked with regarding your pensions and retirement plans can continue to be your adviser well into retirement.

4. Can manage generations of the same family more seamlessly

A young financial adviser is more likely to still be working when the difficult task of managing generational wealth arises. Hopefully, it will be comforting that an adviser you know and trust will be there to help your loved ones.

5. Young advisers are well qualified and knowledgeable

Many young financial advisers have taken the necessary steps (and exams) to become Chartered Financial Planners (level 6). This is a significantly higher standard than the minimum level 4 diploma required to provide regulated financial advice.

 6. Young advisers can have plenty of valuable experience

Considering the average age of UK advisers is mid-50s, a young adviser could be classed as in their 30s / early 40s. Many of these advisers have a decade or two worth of financial industry experience – so are not under experienced.

7. They’ve ‘grown up’ in a more regulated environment

As you may be aware, the regulatory environment has increased significantly in the last 20 years. This highly regulated and ethics-focused environment is second nature to young financial advisers.

Searching for a new financial adviser?

So, if you’re searching for a new financial adviser, it may make sense to add age to your list of considerations.

If you would like to speak with a young, experienced and well-qualified financial adviser, please contact us by email. Alternatively, if you prefer to speak to us, you can reach us in the UK on +44 (0) 208 0044900 or in Hong Kong on +852 39039004.

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