Jack Tailby was recently short-listed for Professional Adviser’s inaugural New Talent Awards which took place last month.
Adviser Points of View managed to catch up with Tailby, a final year student at Sheffield Hallam university and former intern at Jarrovian Wealth.
What are your thoughts on the New Talent Awards?
JT: I liked the layout of the New Talent Awards event. There was plenty of time to network and speak to the other nominees. The evening flowed very well and there was a good mix of people.
I was proud to have been nominated and I didn’t expect to be short-listed. I want to extend a huge thank you to Jarrovian. It is very much down to them for not only nominating me for the award, but also for the brilliant experiences I had had during my placement year with them.
What are you studying at the moment?
JT: I am studying an international banking and finance course at Sheffield Hallam university.
I am also doing the CISI investment diploma and the CII financial planning diploma all alongside my final year studies.
I have sat and passed RO1 which is equivalent to the first exam for both diploma’s and I am currently reading and hoping to sit the CISI investment, risk and taxation before Christmas.
“I also really like the client facing side of things, I don’t want to be stuck behind a computer all day when I can be face-to-face with a client building that relationship.”
Why do you want to enter the financial planning and advice arena?
JT: From a young age, I had a passion for business and also quite liked maths, so naturally I put the two together and started to research different roles within finance and thought I’d give it a go.
I love how there is just so much to learn and how many different roles there are in finance. I think it is fascinating how interconnected it all is and I think I will struggle to get bored – especially within financial planning as each client is very different and the knowledge needed is very wide.
I also really like the client facing side of things, I don’t want to be stuck behind a computer all day when I can be face-to-face with a client building that relationship.
What would you like to specialise in in the future?
JT: I don’t think I can give a simple straightforward answer right now, as I am clearly right at the start of my career. I have only had any real insight into the world of financial planning. That being said, I really look forward to joining Jarrovian next year after my studies and they have shown me that relationships are key for what we are trying to achieve. Therefore, I think I would like to specialise in long-term care and complete the qualifications around this subject, so I can look after my future clients throughout their life.
What do you think of the current state of industry, are more financial advisers needed?
JT: I am not really in a position to say whether or not more advisers are needed. However, what I would say is that more needs to be done with regards to showing people, especially students, that financial planning is a viable career option, as well as teaching future graduates what a financial adviser really does.
There has been a lot of negative press surrounding financial advisers in recent years, but nothing has really been done to show the general public how effective a good financial adviser is, and what it is like to follow as a career path.
Furthermore, I would like to see the basics of finance taught in schools. At the moment, very little is taught about this subject. I would also like to see more diversity in the industry; however, it is getting better with younger people entering the industry and more women, and those from ethnic backgrounds.