Thoughts from advisers - Jeremy Bernstein

We reached out to some advisers and other experts in the industry for their thoughts and opinions on the job, advice they’d give to people looking to get into the financial services industry, what they’re looking forward to and steps people can take to set themselves on the best financial path at different stages.

Thoughts from Jeremy Bernstein, Senior Adviser - Life & Health at Gallagher

What is the most rewarding part of your job?

I get huge satisfaction from writing insurance for people that are not otherwise insured, new policies for new clients, creating financially resilient families & businesses and growing the insurance market.

If you could give one piece of advice to someone looking to get into the financial services industry, what would it be?

Find ways to enjoy continuous learning. Over time, aim to understand every corner of detail of how these policies work - understand that attention to detail is absolutely vital in this industry.

What is something you are looking forward to about the industry over the next 10 years?

I look forward to the industry maturing into regulation and contributing to higher standards of ethics and professionalism. 

What steps can people take to set themselves on the best financial path in their 20s, 30s, 40s, 50s, and 60s?

20’s: Find a career they love and one where you are not simply renumerated by wages alone i.e. share in profits through professional partnership or business ownership or a role that offers bonuses if sales targets are achieved. Contribute to KiwiSaver with high growth asset allocation with low fee investments. If not already insured, apply for Private Medical Cover with Partners Life, apply for Loss of Earnings Income Protection with Level Premium until age 70 with Asteron Life.

30’s: Buy a home and review insurance to ensure Life Cover is sufficient.

40’s: Work hard to achieve career goals and find ways to enjoy continuous education. Stay healthy and try hard to keep relationships intact i.e. divorce is a massive financial setback.

50’s: Apply for higher professional roles and actively seek opportunities for business growth and increased income, repay mortgage and step up investment.

60’s: Stay married, stay happy, stay healthy, stay professionally relevant and stay working!

What’s the last book you read?

How Star Wars Conquered the Universe - Chris Taylor.