Meet Nathan Waldron, the founder of wealth management company Waldron & Co Financial Planning. The entrepreneur established his company after he was made redundant from his role as a financial planner at Prudential.
Waldron, 36, has more than 14 years of experience in the finance industry, having worked with giant financial institutions such as Barclays and then as an adviser at financial planning company Prudential, according to Business Live.
Waldron, who lives in Stone, Staffordshire, was made redundant in April by Prudential after working with the firm for five years. With his wealth of experience in the finance sector, Waldron decided to be his own boss. He launched Waldron & Co Financial Planning to offer a wide range of financial services to clients across the United Kingdom. He gives advice on pensions, insurance, estate planning, and investments. Currently, Waldron deals with clients in Staffordshire but plans to expand to cover the whole country in the near future.
“My last day as a Prudential employee was April 30, but I was aware that I was going to be made redundant in December,” he told Business Live. “I had considered setting up on my own in the past but I thought I was a bit too early in my career, but it has always been something I’ve wanted to do. Being made redundant obviously forced me to take the leap, but I think it’s a wonderful opportunity and I believe I can definitely do it.”
Although Waldron & Co is an independent organization, Waldron notes that the firm is part of The Advice Partnership from Prudential. Per the arrangement, when Waldron gives any advice to his clients, Prudential will be responsible for ensuring the advice is of an appropriate standard. “I will be able to grow the business and employ people as I see fit, but I’ll still have the powerhouse of Prudential behind me,” he explained.
Also, because of the pandemic, Waldron is not doing face-to-face consultation as he does not want to offend the law. Rather, he advises clients using online tools. “When the restrictions allow I will be doing face-to-face visits. At the moment, I don’t want to commit to an office because I want to see what the climate is going to be like, but I’d love to have a presence on the high street in the future.”
Waldron said he wants to grow his business and create new jobs but his main ambition is to educate people and give them a clearer understanding of finance. For him, regardless of one’s financial status, getting financial advice is significant.