Lisa Tipton

Financial Planning Director, Stokesley

Sector: Finance

After realising she wanted more in life than her job was providing, Lisa Tipton progressed to the management team within the company she was working for. Before setting up her own firm with a friend.

Where do you call home? 

Home is now Stokesley with my husband and two teenage children. I grew up in Sheffield but spent 18 years living and working in Manchester before moving to Teesside.

Tell us about your role?  

 I am a director of financial planning.

How did you get to where you are today?

I left university not really knowing what I wanted to do with my life and stumbled into my first job in financial services. I enjoyed my early role but would say it was definitely a job rather than a career and I wouldn’t give work another thought when I finished for the day. After I had children, I reduced my hours so I could spend a bit of extra time with them, but I also took the opportunity to obtain professional qualifications. It was important to me to try to find a good work/ life balance.

When I moved to Teesside both children had started school and I was more than ready to return to my career properly. My first role up here was as a paraplanner for a financial planning business, and I loved having the ability to positively impact people’s lives by building them a financial plan that helped them to retire without worry. I then took on roles involving management and training & development and before moving to another firm to build a paraplanning team.

Almost three years ago, following a conversation with a colleague, we made the decision to set up our own firm. We both shared a vision of what a truly great financial planning firm would look like and wanted to make this a reality. We launched New World which aims to make financial planning truly inclusive. Although there is growing evidence demonstrating the financial and emotional benefits that financial planning brings, it’s still largely an exclusive industry. We want to change this and ensure that more people can benefit.

As a business owner I now get to be involved with all areas of business development from financial planning to marketing. I particularly enjoy being able to have a positive influence on the team as they progress through their career. I’m also part of the nationwide Paraplanner Club which provides mentoring for paraplanners.

What struggles or obstacles did you face along the way? 

We were applying for FCA authorisation in 2020 when covid hit and the business launched in January 2021 just as the UK went back into another lockdown. 

Trying to balance launching a new business with home-schooling during a global pandemic was definitely a challenge. We had to change the way we were working and seeing clients, as well as integrate new team members and develop the company culture without being able to see each other face to face.

Describe the moment you first got a feel for success? 

My lightbulb moment happened in a 1:1 about five years ago. The review went well, and my manager told me that I was doing a good job and that I seemed like someone who was content with the role they were doing. Whilst this was all positive, I realised that he saw me doing this role for the rest of my working life. This was a real eye-opener for me and really made me start to think about my career. I came to the realisation that if I wanted something more, then I really needed to step up and start doing something about it. 

Within six months of this meeting, I’d been promoted to the senior management team which meant I was involved in making decisions impacting the whole company. This was something that I found I loved, and certainly influenced my decision to help set up our own firm.

Do you have any advice for aspiring young females?

Take your time and take any opportunities that come your way. It doesn’t matter if you get it right at the start, everything you do will help you to learn and grow and will contribute to the person you become. There is a lot of pressure to know what you want to do with your life at 16 or 18 but the reality is most people really don’t have a clue. This is fine, there is plenty of time to find out what is right for you. 

What advice would you give to your younger self?  

You can do more than you ever thought you were capable of. Dream big!

What three words inspire you and encourage a positive path?  

It’ll be ok.

Sometimes you just need to hear those words to get back on track.

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