While the thought of their children joining the family business leaves some advisers shuddering, others have encouraged their offspring to follow in their footsteps. What would you do?
Father and Son Kim Barrett is a chartered independent financial adviser who owns Barretts Financial Solutions. He works with his 26-year old son, Joel Barrett, who he hopes, to one day, leave in charge. "There will come a time when I'm not in possession of many faculties and one hopes the business is still going and that Joel takes over," he says. Their business relationship started when Barrett saw his son had the qualities needed to make a good IFA and decided to nurse him through his exams. The younger Barrett has since focused on investment and is one exam away from becoming ch...
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