I have not been moved to write a letter to Money Marketing before. Indeed, in the 20 years I have been a member of the IFA community, I have held the paper in high regard and co-operated on many articles.
Now, however, I am appalled and saddened by what I can only call your trigger-happy reporting of advisers who have left my company. I appreciate your job is reporting news but this is not newsworthy. I doubt you would be equally quick to report when we take people on.
Running a company, as many readers will know from personal experience, is a constant process of change and FP& P has been no exception over the last 15 years.
Yes, our staff has changed from time to time, so have our systems, structure, management team and premises. Personally, I find change the most powerful catalyst and, as a result, FP& P is now more focused, more efficient and altogether a more impressive company than it has ever been before, which positions us well for a further 15 successful years and beyond.
My easiest response would have been defence but the issue of advisers who have left, how many we still have and may or may not have in the future are questions which concern only FP& P and I will not be bullied into a dialogue about this.
What is equally sad is that the people who have left my company (and for whom I had a great deal of respect) appear to have abandoned their professionalism by talking to the press for what seems no more than a moment's personal publicity. This is not the attractive example befitting senior industry practitioners.
Further, when one company gains as a result of another's loss (which most of us who have recruited have done), you do it graciously and without adverse public comment because the boot could so easily be on the other foot.
No one gains as a result of this type of “news”. In fact, in my experience, the negative emotion that motivates people to comment eventually does them more harm that good.
Managing director, Fiona Price & Partners