In the past 12 months alone, Bristol-based Centurion has set up two joint ventures with solicitor firms, employed a Director of Operations, improved its management information, put two of its IFAs through the Society of Later Life Advisers accreditation, recruited two new chartered financial planners and bought its office to create a nicer working environment. The firm is currently exploring how it might hire an apprentice and a graduate trainee. Director Dave Robinson is also a Personal Finance Society education champion, and has amassed plans to pass the business on to staff within the next decade.
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Article from NMA 29.10.19
Welcome to the New Model Adviser® Top 100 for 2019. This is our annual list of financial planning businesses we think are doing a great job for clients as well as staff and contributing to the profession as a whole.
Earlier this year, we sent out a long and detailed survey to firms. Our questions spanned investment to fees, training to succession planning, client education to diversity. I would like to thank each and every firm that entered. We appreciate the effort that goes into submitting an entry. Even if your firm did not make it this year, we will make sure to follow up on any interesting developments or initiatives you have told us about. I am keen that entering the Top 100 is just the start of a longer conversation with New Model Adviser®.
There is a more detailed explanation of our methodology below. But in brief, we are scoring firms on answers, not assets. This year proved firms are doing more and working harder (or smarter) than ever.
We have also gone further to highlight a few key areas of best practice. This means we have highlighted some ‘best-in-class’ firms who stood out in a particular area, such as ESG-investment, diversity and transparency.
Keep your eyes peeled online for more coverage to come, including long reads on charity work and what these 100 firms think makes them so special.
Offering access to ESG-type funds is becoming more common, although it is clear that developing a specialism takes substantial time and commitment.
Succession planning is being taken more seriously. It is encouraging to see more discussion, and implementation, of things like employee ownership trusts, to help secure the future of firms. This is also evident from investment in recruitment and training.
And firms seem to taking marketing and branding more seriously. There is investment in firms’ digital presence and efforts to make the client experience as slick and rich as possible.
Congratulations to all the firms that made this year’s Top 100 list. This publication is evidence of a great profession working hard for clients.