We caught up with David, who perhaps unsurprisingly was packing his suitcase for yet another trip having clocked up over 50,000 air miles already this year.
Having started off as a UK IFA, David is very proud to have helped build a global financial planning firm over the last 15 years with fellow Joint CEO, John Hasberry.
“During this time, we have opened offices in the middle east, Europe and the US whilst retaining some of our oldest clients in places as remote as Malton and Goathland in North Yorkshire.”
Using FCA standards as a benchmark, The Guardian Wealth Management Group has successfully exported a blueprint that mirrors UK advice standards across the globe.
“Whilst being mindful of local cultures and nuances, we are regulated in each jurisdiction where we are established and we enforce our own internal regulation and compliance functions to exceed and surpass client and regulator expectations.”
Bringing together the best in IT, Recruitment, Compliance, and Tech, along with some of the top consultants in the industry, allows the Guardian Wealth Management to provide a best in breed financial advice proposition that looks after their interests both now and in the future, should they choose to repatriate or retire overseas.
Back in the UK, David has been instrumental in driving forward with the team at GWM Financial Planning achieving the gold standard Investors in People award.
On the subject of his own influences, David says one person stands head and shoulders above all others.
“Many moons ago working under the tutelage of Ken Davy I learned valuable lessons about life and business. Ken, who has successfully built three businesses helped shape me as a businessman and in turn the growth of Guardian into the firm it is today. Ken also introduced me to The Million Dollar Round Table, a group which has taken me across the world, and continues to be the source of much personal inspiration.”
David believes the most significant change in the industry during his career was the move from commission to fee based financial planning that came with RDR.
“It was an exciting challenge and on the whole a positive one. We were geared up to this for a long time and whilst other jurisdictions play catch up, we are well placed to negotiate the journey thanks to our UK roots."
However, David feels the switch to upfront fees has made qualified advice unaffordable for some clients in the UK.
Moving forward, David sees differentiation as both the greatest challenge, and opportunity that the industry faces.
“The industry is quite vanilla, with firms offering the same products and often any innovation is hampered by regulation. The main concern of a client is not how much you know; rather how much you care. Clients ultimately want to know how we are going to look after them and their family for generations to come.”
“To remain ahead of our competitors in terms of client service and journey, we must always be looking for new opportunities that we can embrace and add value to our proposition”
Away from the office, David has served as a local Magistrate and undertaken a number of charitable adventures, such as cycling in India, and trekking the Rift Valley for a BBC documentary that took a class of troubled children from the UK to Tanzania.
If you have any financial questions, you can contact David now.
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