A 22-year old wealth manager from Wiltshire has become the
youngest ever Fellow of the Personal Finance Society, with the
ambition of becoming one of the best financial advisers in the
Investment Quorum's Vito Faircloth passed his
final three exams last week, qualifying for Fellowship of the
financial advice profession's leading professional body after just
21 months of study.
Mr Faircloth bypassed university, moving to London as a broker
in 2014 following a brief stint working in the IT sector.
"I really wanted to combine my love of finance and my passion
for speaking to and helping people. I tested the water as a broker
and knew this was definitely what I wanted to do," he said.
In 2015, Mr Faircloth joined Cheltenham-based Chartered
financial planning firm Attivo Group, where as a 20-year old he
quickly progressed. He qualified as a Level 4 financial adviser in
August 2015 and as head of the firm's corporate advice team,
oversaw a 50 per cent increase in divisional revenue.
In August of this year, Mr Faircloth joined boutique wealth
manager Investment Quorum in London, where he advises a range of
high net worth clients.
"I want to be the best adviser I can be because it's such a
privileged position to be in. Sat in front of someone as a 22 year
old and in essence they're putting their retirement in my hands -
it doesn't get much more privileged than that," he said.
"One of my first goals is to become one of the best advisers in
the UK and one of the most competent as well. The next step is
going to be building those soft skills even more under the teaching
of our CEO Lee Robertson, director Petronella West and chief
investment officer Peter Lowman - they've got so much experience
"Longer term I want to be one of the leaders of the industry -
I've got that strong tech background and I think our sector is
moving towards tech more and more over time, so I think I'll be
well placed to do that."
Personal Finance Society chief executive Keith Richards said:
"Vito's achievement is truly remarkable and I congratulate him on
becoming part of Personal Finance Society history by qualifying as
its youngest ever Fellow."
"He is clearly a bright, enthusiastic and passionate member of
our profession, and a role model for young and aspiring financial
advisers across the country."
Mr Faircloth, who was named the Insurance Institute of
Cheltenham and Gloucester's Achiever of the Year for 2016, said
young advisers had a huge role to play in meeting future advice
"There's such a drive to encourage young people into the
industry because of the demographics of advisers," he said.
"Clients like the fact that I'm young and fresh, and as I always
say, would you rather that you outlived your adviser or your
adviser outlives you?"