Gary Neild, CEO of Blue Sky Financial Planning
Blue Sky Financial Planning became an EOT in December 2022. This monumental shift has brought a myriad of benefits to our clients, our dedicated team, and the enduring legacy of our business.
Our decision to transition to an EOT was driven by a deep-seated commitment to preserve the unique culture and values that have always defined Blue Sky. When I started this journey back in the nineties, the financial services industry was often characterised by self-serving practices, ambiguity and a relentless focus on commissions and sales targets. I was determined to create a business that genuinely cared for its clients, one that considered it a privilege to manage their finances with integrity, transparency and a steadfast commitment to their financial well-being.
After many years thinking about legacy planning, the move to an EOT aligned perfectly with our ethos. By transferring 100% of the company shares to our team, we have ensured that Blue Sky remains an independent entity, driven by the same principles that have garnered the trust and loyalty of our clients over the years. This decision was not about the financial gain but about safeguarding the legacy of our company and ensuring that our clients continue to receive the highest standard of care and advice now and well into the future.
Impact on Clients
Our clients have always been at the heart of everything we do at Blue Sky. The shift to an EOT has only strengthened our commitment to them. With the team now owning the business, there is a boosted sense of responsibility and ownership in every interaction. This has translated into even higher levels of personalised service and very happy clients. The continuity provided by this sustainable ownership structure means that clients can enjoy long-term relationships with their trusted advisors, free from the disruptions often caused by mergers or acquisitions.
Impact on Employees
For our employees, becoming an EOT has been incredibly empowering. Every team member now has a stake in the success of Blue Sky, nurturing a culture of shared purpose and collaboration. This new structure has led to a stronger sense of community within our company too. Our employees feel valued and recognised for their contributions, which has, in turn, spurred innovation and a commitment to continuously improve our service.
Legacy of the Business
Over the years, we have received numerous offers from companies looking to absorb Blue Sky into their operations. While we considered each offer, none truly resonated with our core values. The decision to become an EOT ensures that the essence of Blue Sky – our commitment to client-centric financial planning, our nurturing and educational approach, and our dedication to cultivating meaningful relationships – remains intact. It has always been a privilege and an honour to be entrusted with our clients’ money and its only right that we should repay their faith in us.
Transitioning to an Employee Ownership Trust has been one of the most rewarding decisions in Blue Sky’s history. It has reinforced our commitment to our clients, empowered our employees, and safeguarded the legacy of our business. We are excited about the future and confident that, together, we will continue to thrive and uphold the values that make Blue Sky Financial Planning truly exceptional.
Photo: Caption: Gary Neild, CEO of Blue Sky Financial Planning
https://www.blueskyfp.co.uk