“It is part of the culture we are trying to create but we are flexible, we trust our staff,” added Paul.
What would be your advice to people wanting to join the industry and own their own firm?
For the brothers it was the family element which brought them into the industry, but they think more could be done to promote the industry.
Seán said: “The only reason I moved into the industry was the family element, but we now want to support people to come into the industry .
“We feel the pool of people can still grow. People want their children to be solicitors and accountants but rarely you hear people say ‘I want to be a financial planner’.”
When it came to advice for younger advisers, Seán said making yourself an “asset” to a business could lead to you taking on clients or even the practice once older advisers retire.
He added: “The average adviser is in their later 50s so there are a lot of clients that are going to need looking after when they retire.
“You don’t need to be family, you just need to make yourself an asset to the business so you can take over one day.”
Paul added: “I think the biggest opportunity would be to do what we did (a management buyout). There are so many barriers in this industry, it is very hard to go out there and start from scratch alone.”
If you own your own advice firm and would like to feature in the Coffee Corner interview series, get in touch at tara.o’connor@ft.com
