In our latest CEO interview, Ben Covey, head of private clients at 7IM, tells us about the wealth manager’s client-centric approach to wealth management, emphasizing the importance of personal relationships and transparency in costs.
He outlines the comprehensive services offered, including wealth management, tax optimization, and investment strategies, while highlighting the evolving needs of clients in today’s financial landscape. Covey also provides insights on how to choose the right wealth manager, focusing on expertise, investment philosophy, and relationship building.
Key takeaways include:
- 7IM prioritizes client satisfaction and referrals.
- Building personal relationships is crucial in wealth management.
- Wealth Management 360 addresses a range of financial needs.
- Diversification is key to long-term investment success.
- Client needs vary significantly based on their financial stage.
- The wealth management industry has evolved to include comprehensive planning.
- Transparency in costs is essential for client trust.
- Understanding a firm’s investment philosophy is vital for clients.
- Clients should ask about performance history and tools available.
- Long-term relationships are a focus for wealth managers.
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
You can contact Richard at richard@goodmoneyguide.com
