Our commitment to our clients and employees

Our plan for the next generation

Celebrating over 50 years of serving clients, our successful transition to an Employee Ownership Trust 18 months ago highlights our unwavering commitment to our clients and employees.

Planning the future of a business is a delicate balancing act, requiring careful consideration of the needs and expectations of various stakeholders. Smith & Pinching’s own transformative journey, transitioning to an Employee Ownership Trust (EOT), began in 2022. This move underscores our commitment to our employees, clients, and community. Similar to the renowned John Lewis business model, an EOT empowers employees by giving them a stake in the company’s ownership.

David Hughff, Managing Director of Smith & Pinching, highlights the significance of this transition, stating, “Choosing an Employee Ownership Trust over the other choices of introducing private equity, selling to a third party or listing on the stock market was about preserving our values and ethos. By empowering our employees as co-owners, we ensure continuity, uphold personalised service, and maintain strong client relationships positioning S&P well for the next 50 years of our journey”

Benefits for Clients

For a company that has had its roots in East Anglia for over 50 years, providing independent financial advice to local individuals, families and businesses, making sure both our employees and clients had continuity and security for the future was paramount.

Julian Bradshaw, Director at Smith & Pinching, reflects on his journey: “Starting in 2006 as an office junior, I have been able to progress to the point where I joined the Board in 2021. I have loved both seeing and being part of the journey Smith & Pinching has been on during my career here. Stability is at the heart of our business and under an Employee Ownership trust we can continue to ensure the future of our clients and colleagues is secure, as it’s in our hands.”

For our clients, the transition to an EOT brings tangible benefits. By aligning the interests of employees with those of clients, we strive to deliver an even more personalised and attentive service. Clients can trust that their financial goals are not only understood but are also at the forefront of every decision made within the firm.

Benefits for S&P Team

The Smith and Pinching team, now with nearly 120 staff, has developed a robust and innovative business, with a depth of knowledge and services, reflecting our firm’s growth and commitment to excellence. With the introduction of the Employee Ownership Trust (EOT), every team member has newfound opportunities for personal and professional development, ensuring a brighter future for all.

Matthew Beck, Associate Director and Trustee of the EOT, emphasises the benefits for clients and employees. “The EOT provides job security and a place for personal growth within the company,” Matt explains. “As a Trustee, I’m excited to be part of a structure that values employee contributions and offers opportunities for advancement. This model fosters an environment where individuals thrive while contributing to the firm’s success.”

Conclusion

At Smith & Pinching, client-centric financial planning is paramount. We prioritise building close relationships with local individuals, families and businesses to tailor services to their specific needs. These personalised approaches allow clients to make informed decisions about their financial futures, from retirement planning to investment management.

In an industry where trust is paramount, our embrace of the Employee Ownership Trust sets a compelling example of putting clients and employees first. As we continue our journey, we remain steadfast in our commitment to delivering exceptional service and fostering enduring relationships with local communities.