Julian Penniston-Hill
| Julian Penniston-Hill | |
|---|---|
 Julian Penniston-Hill during a 2015 Intelligent Money conference at Langar Hall | |
| Born |
30 June 1970 England U.K. |
| Occupation | Founder and Chief Executive of Intelligent Money |
| Years active | 2002–present |
| Net worth | Undisclosed |
Julian Penniston-Hill (born 30 June 1970) is a British business man and entrepreneur, the founder and chief executive of Investment Management Firm Intelligent Money, the UK's largest intermediary-only SIPP provider.
History
He built his first business at 19 years of age - Cranbrook Street Recording Studios - after leaving school in the 1980s but did not enter into financial services industry until the 1990s when, after a brief spell at what is now Threadneedle Asset Management, he turned down a place to read law at Cambridge University to join the board of discount investment broking firm Willis Owen.
Penniston-Hill identified a gap in the market and brokered a deal with six of the UK’s largest Fund Managers (JP Morgan, Jupiter, Threadneedle, M&G, Newton and Aviva) to launch a national investment campaign on a level previously unseen. He secured distribution in the Daily Telegraph, Sunday Telegraph and Mail on Sunday, together with branding rights from the two Telegraph titles and produced five million supplements for these papers for the final Personal Equity Plan season.[1]
The success was instant and Penniston-Hill went on to repeat this strategy generating in total c. £1 billion of asset and 100,000 new clients. Penniston-Hill left the firm after the 2002 takeover by Money Portal plc and immediately launched Intelligent Money.
Media
Penniston-Hill has always been vocal in the media as a consumer champion,[2] attacking disparities in the financial services industry[3] and delivering alternatives for investors.[4] This has resulted in attracting both praise and criticism.[4]
Financial services industry trade paper Money Marketing openly admits that Penniston-Hill’s company is “taking the moral high ground regarding the way the industry structures its costs”.[4]
On the other hand, Tony Levene, of the Guardian, writing in his Correspondent’s Week column for Money Marketing describes Penniston-Hill - admittedly with his tongue firmly in his cheek - in a very different light; “Off to lunch with the Anti-Christ. But the Prince of Darkness is late--even later than me--as he manages to lose himself in Clerkenwell's alleys [...] When Satan, aka Julian Penniston-Hill of trail commission-grabbing Intelligent Money fame, sits down, we realise we have spoken before. He invented those IFA ISA booklets which used to fall out of newspapers (not The Guardian).“[5]
Penniston-Hill has been regularly quoted in most UK newspapers, including the Financial Times, The Times, The Sunday Times, The Telegraph, The Sunday Telegraph, The Guardian, The Observer, The Daily Mail, The Mail on Sunday and The Express, and specialist financial websites such as Citywire.[6] He has also been featured and interviewed on ITN news and the weekly BBC financial programme Moneybox.[7][8] Penniston-Hill also makes regular appearances and answers live phone-in sessions on investing and saving for the BBC in Nottingham, where Intelligent Money is based.
References
- ↑ "Who is the wolf on the trail?". Money Marketing. Retrieved 24 December 2013.
- ↑ "A commotion over commission". The Guardian (UK). 11 February 2004. Retrieved 24 December 2013.
- ↑ "Brokers paid £1.5bn for doing nothing". The Guardian (UK). 28 January 2004. Retrieved 24 December 2013.
- 1 2 3 "Commission edge". Retrieved 24 December 2013.
- ↑ "Correspondent's week". Money Marketing. Retrieved 24 December 2013.
- ↑ "Intelligent Money launches client bank buy-out scheme". New Model Advisor. Retrieved 24 December 2013.
- ↑ "Tax cut revolt". BBC. Retrieved 24 December 2013.
- ↑ "Money Box Radio program" (PDF). Retrieved 24 December 2013.