Supercharging Financial Planning Through Award Winning Administration

Nov 9, 2023

Maria Mushtaq, Award Winning IFA Administrator, discusses the crucial role of administration in Financial Planning firms. She highlights the variety of career prospects for administrators and emphasizes the importance of client relationships. The podcast explores the transition from law to financial planning, regulatory environments, skill transferability, and the significance of financial planning exams in building foundational knowledge.

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Introduction

00:00 • 2min

Navigating the World of Financial Planning

01:47 • 5min

Exploring the Fulfilling Role of Administration in Financial Planning

06:32 • 4min

The Crucial Role of Administration in Financial Planning Firms

10:04 • 5min

Career Growth and Development in Financial Planning

15:24 • 5min

The Significance of Financial Planning Exams

20:38 • 21min

The Value of Administration Roles in Financial Planning

41:46 • 17min

Administration, often seen as a great starting point for those beginning their career in Financial Planning, but due to being stigmatised as a career stepping stone, finding an experienced, highly capable admin is gold for Financial Planning firms aiming for success.

In steps this week’s guest, Maria Mushtaq, Award Winning IFA Administrator at Holden & Partners, Chartered, B Corp Financial Planning firm! Maria is a shining example of the value added by this often-overlooked area of the profession, as having a trusted back-office team to lean on is crucial for the success of any Financial Planning business.

Maria built strong foundations in Law before moving to Financial Services, a transition we’ve regularly come across in our conversations, and hasn’t looked back since. She describes some of the key highlights of working in this industry, as well as some of the challenges involved in this highly varied and challenging role.

As an administrator, Maria is involved in the entirety of the client journey, we discuss the incredible breadth of her knowledge required to carry out this role effectively, and the importance of Admins maintaining regular contact with clients.

As well as being a great foundation for moving into any role within Financial Planning, strong IFA Administrators put themselves into a position of having a range of career prospects. Maria talks us through the wide variety of options available to those in an administration position, including team management, compliance, investment management and more, as well as when to consider the move.

If you’re an administrator looking for ways to exceed expectations and add maximum value to the Financial Planning process, check out this episode and take a leaf out of Maria’s book!

Be sure to follow Financial Planner life on YouTube for extra content about career development within Financial Planning.

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