52. Building a new IFA firm focused on tax advantaged products with Matthew Bugden of One Four Nine

Its rare for an IFA firm to be started from scratch, and even rarer for it to have a preference for tax advantaged or efficient business like EIS, VCTs, BR and SEIS products. Matthew Bugden cofounded One Four Nine, an IFA firm that does just that.

We talk about why they started the firm and why they settled on the strategy they did. We discuss the challenges of getting a new firm off the ground, including developing a strategy that will satisfy funders and getting the right compliance in place.

Matthew also gives his views on how to give best advice in this area and the challenges of doing that. We talk about the complexity of advice and the need to get investment and tax aspects right. We also explore issues in the market, such as reporting, transparency and platforms and how he sees the market developing in the future.

One Four Nine Group website: https://www.onefourninegroup.co.uk/

One Four Nine on LinkedIn: https://www.linkedin.com/company/one-four-nine-group/

Suggested books:

The Jam Retrospective: A Visual History by Agent Provocateur

Bio

Matthew Bugden

Chief Executive Officer, One Four Nine Group

He leads One Four Nine in its pursuit to become one of the UK’s leading independent financial advice and fund management groups.

With a career spanning over 35 years within the financial services industry, Matthew has enviable strategic management experience and a significant network of relationships with financial advisers, their support teams and professional connections. Previously working at one the UK’s leading alternative investment managers for 18 years, he and his large team was responsible for its direction and interaction with financial advisers and successfully built and maintained relationships across the entire advice sector, whilst raising in excess of £8 billion through tax efficient alternative investments. The first 16 years of his career were spent working across corporate and retail banking clients for a major bank prior to moving to a large corporate client.

Matthew is perfectly placed to talk to owners of financial advice firms on how they can spend more time doing what they enjoy – delivering excellent service to and quality outcomes for One Four Nine clients.