HFB Financial Planning is on the hunt for new advisers and trainees, particularly younger blood, its founders have claimed.
Neil Swainson, 40 – who with Michael Speakman, 44, set up the Castle Donington-based firm after HSBC closed its commercial insurance and investment advice division over a year ago – said the industry needed younger people.
He said: “The next stage in HFB’s development will be to begin the training of new advisers which is essential to our industry’s future.
“In recent years the number of advisers in the industry has reduced considerably due to the introduction of RDR, leaving an ageing adviser population and little development opportunities for new advisers wanting to join the industry.”
He said: “HFB, short for holistic, family and business, believes that advice should not be limited to a client’s investment options, but needs to take full account of all of a client’s financial needs. ‘Holistic’ is an overall approach, and ‘family’ goes hand-in-hand with investments.”
Background
Mr Swainson, who like Mr Speakman had been one of HSBC’s former area commercial wealth managers, turned down the opportunity to move to the bank’s retail side and took redundancy. They set up on their own after 10 years with the bank.
In 12 months the pair had set up HFB Financial Planning, headquartered in the Castle Donington area. It now has three regional offices and 14 financial advisers.
