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Breakaway IFA firm finds new direction

Two Edinburgh-based financial advisers are breaking away from their firm to set up on their own and the new IFA may be one of the youngest in the country.

Julie Clapperton and Eve Callaghan, 27 and 25 years old respectively, have just 10 years experience between them but have decided to venture out on their own, establishing the firm Financial Direction for Women.

In 2001, Callaghan was the youngest woman in the UK to pass the Advanced Financial Planning Certificate.

The company is set to join Sesame this week, breaking away from The Newton-Barr Partnership.

Its main areas of advice are pensions on divorce, stakeholder pensions, protection and investment trusts.

Aifa and Sofa say the women must be two of the youngest IFA owners in the country.

Clapperton says: “There is definitely the view that the older you are, the more exp-erienced you are in the ind-ustry and therefore you make a better adviser. Naturally, I do not agree.

“We aim to provide a fre-sher approach and to use plain English and no jargon which is what people tend to appreciate.”

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