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

Feel Good Friday: Castlefield partner expands not-for-profit refill hubs across Cheshire

Feel Good Friday: Castlefield partner expands not-for-profit refill hubs across Cheshire

Project run by Eco Communities

Professional Adviser
clock 15 May 2026 • 1 min read
Closing the advice gap: The case for attitudinal targeted support

Closing the advice gap: The case for attitudinal targeted support

TISA’s Sophie Legrand-Green on a ‘significant’ way to influence consumer behaviour

Sophie Legrand-Green
clock 14 May 2026 • 4 min read
Women in Financial Advice Awards 2026: All the nominations!

Women in Financial Advice Awards 2026: All the nominations!

More than 1,150 women from 450 firms were nominated for WIFA 2026

Professional Adviser
clock 14 May 2026 • 29 min read