Diary of an aspiring adviser: 'As a mixed-race, mid-30s female, my … – Money Marketing

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I’m reflecting on my previous 12 months and setting tangible goals for the year ahead
Vicky-NgomaHands up, who has broken their resolutions already?
Although writing this pre-Christmas, I can confidently say I will have already broken the diet, eliminated myself from the 5am club and strayed from the beloved Pomodoro technique.
However, what I am staying faithful to in January is reflecting on my previous 12 months and setting tangible goals for the year ahead.
When I tell people I left a career in theatre in May 2022 — after working for Andrew Lloyd Webber — to become a financial adviser, their first reaction is puzzlement; next, if I can get them theatre tickets; and, last, a big, bemused ‘Why?’
I need to be present, outspoken and eloquent in my reasons for choosing this path
Here goes.
Lockdown resulted in an existential crisis, where I spent a lot of time looking inward to ask myself what impact I was making on the world — aside from a lot of ticket refunds.
Without delving too deeply into the chaos in Theatreland — 50% capacity openings, ‘Freedom Day’ and my wonderful theatre-come-gin-bar getting sold on — I realised I needed to prioritise my mental health and had a passion to help women in a similar life stage prioritise their financial future.
I hope to inspire others and pass down the financial literacy that everyone should be taught from a young age
Money can’t buy happiness but feeling secure and well informed about the state of your bank balance will improve your mental health, and a positive mental state can empower you to tackle areas of your life you may shy away from.
So, it was bye to stage life and hello to advice firm Women’s Wealth!
I stumbled into the industry. Believing in Women’s Wealth’s ethos of democratising advice and empowering women to make better financial choices, I was drawn in without really understanding the route to qualification, how to make it as self-employed and the difference between a coach, planner and adviser.
I can see that, as a mixed-race, mid-30s female, my demographic is somewhat under-represented in the industry, though I bow down to the amazing work The Finance PT’s Bianca Williams, Black Girl Finance’s Selina Flavius, rainchq’s Davinia Tomlinson and Hoops Finance’s Funmi Olufunwa are doing to widen access to financial education for those of an ethnic minority.
I’m here to contribute to bridging the advice gap; previously gendered against us and favouring the already affluent
It’s clear I need to be present, outspoken and eloquent in my reasons for choosing this path, in the hope of inspiring others and passing down the financial literacy that everyone should be taught from a young age. I’m here to contribute to bridging the advice gap; previously gendered against us and favouring the already affluent.
In this bi-monthly column I’ll be detailing my journey through R0 exams, training and, so far, a very squiggly career.
Vicky Ngoma is money mentor at Women’s Wealth and an aspiring financial coach and adviser
This article featured in the January 2023 edition of MM. If you would like to subscribe to the monthly magazine, please click here.
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