IFAonline asks industry figures to share their (true) feelings. This time: Derek Bradley, chief executive of Panacea Adviser
What do you most dislike about the industry?
Right now, the huge divide in the adviser community caused by the Retail Distribution Review (RDR) between, for example, independent and restricted advisers and those charging fees and commission.
What one thing do you most admire?
The resilience of advisers in response to the unrelenting barrage of regulatory change, increasing costs and diktat from individuals who spend no time in the industry.
What's the best thing a client's said to you?
Thank you for a great service, can I pay you now.
Panacea Adviser chief Derek Bradley opens up
Most inspirational person, and why
Steve Jobs: this quote sums up how we got Panacea to where it is today: "Creativity is just connecting things. When you ask creative people how they did something, they feel a little guilty because they didn't really do it, they just saw something. It seemed obvious to them after a while."
If you could tell your younger self one thing what would it be?
Do not be afraid of authority
What did you want to be when you were younger?
Somewhere different and exciting each day and I succeeded for 10 years and got paid well for it (I'll keep you guessing on what it was.)
Is this a good time to be an adviser?
For older advisers no, for younger ones yes.
What is your greatest achievement?
My family and Panacea
Death row dinner?
A Fog Cutter [cocktail] from tropical wine bar Trader Vics to take my mind off the inevitable. Then a lot of the sort of food you aren't supposed to eat, washed down with a beautiful soft Morgon [wine].
What made financial headlines over the weekend?
To promote 'long-term investment'
Switching 'hard and expensive'
Smaller funds still packing a punch