Issue 3 2022

Issue 3 2022 13 Jan22077 Managing the Future Finding a wealth management firm you can trust is no small feat. However, JM Finn is a leading wealth management firm, with offices across the UK. Its focus is on delivering a highly personalised wealth management service for their clients, which has been evident since its initial foundation in 1946. Here we take a closer look as it wins Best Wealth Management Firm 2022 – United Kingdom. Founder John Finn, a commodities broker, recognised that company ownership as an investor would likely become more widespread, so he bought a stockbroking firm with roots dating back to the 19th century and instilled in the firm a legacy of client service, trust and foresight. These traits are still integral to the business and have been instrumental in shaping today’s wealth management service and go some way to explaining the exceptional client satisfaction they recieve. In 2021, after 29 years managing portfolios, with the last 14 at JM Finn as an investment director managing over £500m of client assets, JM Finn appointed Hugo Bedford as CEO. An area of focus for Hugo has been on growing the business and he is keen to emphasise that JM Finn will not grow for growth’s sake and taking a measured approach is essential to ensure the firm’s extremely high service levels are not compromised. During his first year at the helm, Hugo has made some changes to the leadership team and has overseen a reorganisation of the investment management supervisory structure. In addition, he has implemented a successful tariff review across the client base, overseen the firm’s office move and the implementation of its agile working policy. Staff play an integral role in the success of JM Finn with a very clientfocused approach to each and every member of the team’s day-to-day working lives. In terms of recruitment, the company looks for relevant industry experience, a good academic background and enthusiastic, motivated characteristics. Additionally, it measures candidates against its values of accountability (standing up for actions and encouraging independent thought), integrity (maintaining moral principles when striving for success) and respect (looking at the impact of decisions on staff and clients). When the Covid-19 pandemic began, the team wanted to emerge stronger from the lockdowns by adhering to the core company values and continued vision of being the trusted investment manager of choice for private clients and their advisers. Focussing on what it does best, living up to its clients’ expectations and ensuring the well-being of its people, allowed JM Finn to increase assets under management, the key metric of its success over the course of the pandemic, to £11.8 bn (surpassing £11 bn for the first time) as of December 31st, 2021, bringing in more than £750 m of new business. JM Finn have continued to provide their clients with insights into market commentary. They held two conferences in 2021, with over 600 attendees and with options to attend both in person and virtually. Recently, JM Finn was recognised in the Corporate Vision Awards and named Best Wealth Management Firm 2022 in the United Kingdom. This prestigious accolade is testament to the commitment and hard work that Hugo and the team put in during such testing times. Regarding the future, the company is looking to broaden its client proposition by enhancing its wealth planning proposal and aims to do this by continuing to embed it into its core offering, reviewing its risk profiling, identifying more effectively which clients may benefit from advice, making its wealth planning offering more scalable and broadening the existing advice offering. Contact Details Contact: Katie Deacon Company: JM Finn Web Address: www.jmfinn.com

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