From IT to IFA: Is this man mad? Part 2

clock

Peter Lawrence spent 30 years in IT, but last year launched his own IFA firm. At a time when there is an apparent exodus of advisers, this is a move that goes against the grain.

Last month I talked about my decision to join the financial services profession, and how I took the step to start my own IFA practice, in spite of having less experience than I would like. So what has happened since?  The first thing was to decide how I was going to operate, whether through a network, for example. There are some good options around, so that was an obvious first port of call, but two things put me off. First, I could see that sooner or later I would not fit the standard model, perhaps on how I wanted to charge for my services or perhaps on something else. Second, the n...

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

The Platforms Association acquires the UK Platform Awards

The Platforms Association acquires the UK Platform Awards

Clive Waller hands over the awards programme

Isabel Baxter
clock 30 July 2026 • 2 min read
FCA bereavement survey sent to just 12 firms – 'A very small dip in the ocean'

FCA bereavement survey sent to just 12 firms – 'A very small dip in the ocean'

Covers advisers, platforms and wealth managers

Sophia Panayi
clock 30 July 2026 • 3 min read
'Underperforming' sector does more damage to women over time

'Underperforming' sector does more damage to women over time

Y Tree executive director Eliana Sydes speaks to PA

Sophia Panayi
clock 29 July 2026 • 2 min read