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St James’s Place launches Military Network

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UK wealth manager St James’s Place (SJP) has launched a new Military Network to support the Armed Forces community and help those who are leaving, or have left the military, and their families transition into a career in financial services. This forms part of SJP’s commitment to the Armed Forces Covenant, signed in October, to support the Armed Forces community and ensure they are not disadvantaged in society. The commitment also involves:

 
Working with the Career Transition Partnership (CTP) and associated charities to ensure employment opportunities within SJP and re-training opportunities for ex-service people through the St James’s Place Academy, and supporting the employment of service spouses and partners through advertising vacancies and offering flexibility for service spouses and partners before, during and after a partner’s deployment.

The firm will also supports employees who choose to be members of the reserve forces and accommodating their training and deployment, and offer support to local cadet units and service charities through the St James’s Place Charitable Foundation.

St James’s Place is a member of the City Veterans CIC, which brings together companies to share best practice on employing ex-service personnel and reservists. The Partners will be actively encouraged to volunteer their time with financial guidance initiatives including Forces MoneyPlan, a pro-bono initiative offering free financial guidance to Armed Forces personnel and veterans.
 
SJP’s Military Network already has over 100 ex-military personnel and reservists, cadet instructors and spouses across SJP. Initial work will include hosting insight days and events, as well as establishing a dedicated LinkedIn page to facilitate collaboration.
 
Andy Mallows, Director of Operations for the Managing Director at St James’s Place, says: “We’re delighted to have signed the Armed Forces Covenant and proud to be launching our own Military Network to build on our support for the Armed Forces. The journey from the forces into the workplace can be quite daunting, so we’ve aimed to create a network that truly understands what these candidates are experiencing, first-hand.
 
“Whilst we’ve been supporting the Forces through our Academy programme for a long time, the collaborative approach by the Military Network will accelerate this even further. The response among our colleagues has been positive and we’re looking forward to building on this and seeing what we can achieve.”
 
The SJP Academy, which helps people to build a career in financial planning, already works closely with the UK Armed Forces and has strong relationships with the Officers Association (OA) and Career Transition Partnership (CTP). Since its creation in 2012, the SJP Academy has trained 28 veterans to become Wealth Advice Professionals.
 
Louise Worrall, Academy Partner at St James’s Place, says: “The Academy has been fundamental in my move to a second career. I approached the programme following the deterioration of my health resulting in me leaving my much-desired job as a Navigator in the Royal Navy. I was a little lost and, having had no previous experience, I didn’t know what to expect. Since the first encounter the Academy has supported and nurtured me on what has been a tricky journey due to my health. Their willingness to adapt my learning and facilitate ways for me to still achieve my goals around hospital visits and time off has been incredible. This support is only displayed further with the network being launched today.”
 

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