LIFE OF A DAY IN THE HAYDN T YLOR, HAYDN TAYLOR,
MANAGING DIRECTOR, JERSEY, RAVENSCROFT STOCKBROKING AND INVESTMENT MANAGEMENT
Some questions for Haydn
Some questions f
I tend to work quite late, but if I can, I will go to the Hotel De France to swim or in the summer I tinker in the garden. I also run occasionally and as Chairman of the British Heart Foundation Jersey Branch I know it is important to get a reasonable amount of exercise. I also enjoy unwinding by taking clients out in the evening, which is most enjoyable.
Question: What do you do to unwind at the end of a long day? Answer:
Question: What do you do to unwi Answer:
I tend to work quite late
Hotel De France to swimor in the su also run occasionally and as Chairma Foundation Jersey Branch I know it i
Question: What do you like the most about being a stockbroker? Answer: Stockbroking involves dealing with people from every walk of life, and as a “people person” I am always fascinated by people’s life stories. We deal with some very wealthy clients who have made fortunes from very little, while others have worked very hard for what they have and it’s a privilege to help them look after those assets, however large or small.
Question: What do you dislike most about being a stockbroker? Answer: The increased amount of regulation creates a much safer operating environment for clients and firms, but it does occupy a lot of our time..
An early starter, I catch up on the overnight news on Bloomberg and the financial pages in the newspapers before leaving home ahead of the school traffic.
Once in the office, I join the daily investment call between our Jersey, Guernsey and UK teams to discuss the macro economic news, as well as stock specific news particularly for stock we hold for clients. We constantly re-evaluate our investments and if a stock has, for example, become overvalued in our view, we will recommend alternatives to clients.
The next stage of the morning is updating clients on any recommended actions, reviewing client portfolios to monitor the impact of market movements and generally keep an eye on how portfolios are progressing.
As a growing business, we have a lot of new clients and I enjoy getting to know their investment aims and how we can build value for them in the long-term.
The traditional perception of stockbroking was one of only looking after very wealthy clients. We provide advice to many different clients with varying degrees of wealth and I like to think we have something to suit everyone. Our day to day meetings are often about our local investment opportunities such as the Channel Islands Property Fund and Bailiwick Investments Fund, which owns parts of Jacksons and Sandpiper. We also offer Discretionary Portfolios and Funds for clients who want us to manage these assets for them, as well as the traditional Advisory services, enabling clients to have input and ultimate control over their portfolios.
The development of the Jersey business is a key part of what we do and this means organising an array of client events. My days are always varied, working for an entrepreneurial business with an absolute focus on our clients and doing the very best for them.
Page 56 20/20 A day in the life of...
Question: How did you become a stockbroker? Answer: A senior partner of a stockbroking firm used to take me on the school run when I was about 12 and I got to learn a little about stockbroking which sowed the seed. I left school after A-levels and worked for what is now Coutts. Not long after that an opportunity came up as a Partner’s Investment Assistant in the firm of Trevor Matthews and Carey. I went on to found what became Standard Bank Stockbrokers and I was MD of that and Standard Bank’s Private Client and Corporate Banking businesses for nearly 25 years before joining Ravenscroft as the Managing Director of their Jersey business.
Question: What advice would you give someone, either just starting their career or midway through their career, who wants to be a stockbroker?
Answer: The most important advice is to get qualified. Today
you cannot provide investment advice until you have achieved a level 4 qualification, which can be done in about a year with a bit of application! It’s a great opportunity to work in an industry providing high level qualifications which are globally transferrable.
The second piece of advice is to keep the clients you build up over the years; they will appreciate the continuity. And finally work for a firm with people that you really like and who put the clients first.
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