At Wealth Manager, we are not shy of promoting the bright young things of the industry. With this in mind, Steve Plowman met Rathbones’ Stephen Quick to continue charting the progress of wealth management’s next generation.
Why did you want to get into investment management as a profession?
I initially started to take an interest in finance while at school and I then went on to study economics at university. I found financial markets fascinating and wanted to learn about how they worked.
Fundamentally, I wanted to understand the art of investing. Investment management fitted the bill perfectly.
What do you think wealth management firms could offer to younger clients that they do not already?
Younger clients have very different needs to older clients and wealth management firms are embracing the demands of the next generation of investors.
For many clients new to investing, their early experience will often come through ISAs. The new Lifetime ISA could act as a catalyst to introduce many young individuals to investments for the first time. It is crucial to help educate younger inexperienced investors and the industry now dedicates a lot of resources to this area.
How do you expect your role to develop over the coming years?
I expect my day-to-day role of investment manager will stay relatively the same over the coming years. The natural progression is for my client base to keep growing in size and I will form more professional relationships. Ultimately, I very much enjoy looking after my clients and their portfolios and will continue to do so.
How do you expect the industry to develop over the coming years?
The industry is advancing at an impressive pace and I have no doubt this will continue. Not only is new technology allowing firms to become much more efficient at investing, it is also allowing us to engage better with our clients.
Clients can now access portfolio information how and when they want online and I envisage the industry moving closer and closer to full transparency; clients will benefit from increasing industry competition and flexibility.
Watch out for…
Citywire’s Next Generation Forum: this new event will bring together the up and coming wave of the investment management and advisory communities on 22 June in London. Make sure you get the date in your diaries so you don’t miss out! For more information on this event, please contact Libby on email@example.com
Citywire’s Top 30 under 30 2017 will be announced in the magazine towards the end of May, so do keep an eye out to see who has made it onto this year’s list.