Task Force member exits financial planning
Michele Stanton, the financial planner on the Task Force looking at adviser regulation, has sold her business and plans to concentrate on other areas of her expertise.
Tuesday, October 11th 2005, 7:04AM
Stanton says being on the task force was a key trigger in her moving away from the financial planning business.
She is contracted to the firm and its new owners for the next four months; after that she plans to look for work either in senior management or with directorships.
While she won’t be a planner she still wants to work in the financial services space.
The change means that instead of running a small financial planning firm and wearing many hats she can concentrate on specific areas.
Stanton says she is well placed to do this as she is a qualified lawyer as well as financial planner, and she has always had an interest in securities law and the securities market.
Glaister Ennor Asset Management was set up just over six years ago as the investment advice arm of the law firm with the same name. Its establishment was somewhat of a personal victory for Stanton.
She acknowledges the firm was quite small, but says it was the “ultimate compliment” that another firm came along and offered to buy it.
Stanton says she has “no regrets” about selling the business.
Summit is currently going through an expansion phase looking to buy small and medium sized financial planning firms.
Earlier this year it bought Broadview Financial Management.
The acquisition of this business is an important step for the continuing development of the Summit Portfolio Management story,” Summit chief executive Peter Morrison says.
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