Father and Son: Would you encourage your child to become an IFA?

clock • 7 min read

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...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

London pushed out of top five wealthiest cities as millionaires exit

London pushed out of top five wealthiest cities as millionaires exit

Comes as Labour cracks down on non-doms

Sahar Nazir
clock 09 April 2025 • 1 min read
BoE governor assures chancellor that UK markets 'are functioning effectively'

BoE governor assures chancellor that UK markets 'are functioning effectively'

Banking system 'resilient'

Linus Uhlig
clock 09 April 2025 • 2 min read
Gilt yields increase as part of sell-off of government debt

Gilt yields increase as part of sell-off of government debt

Investor unloading of US Treasuries drags government borrowing costs higher globally

Jonathan Stapleton
clock 09 April 2025 • 1 min read