Blackpool finance firm moves for expansion plans

Red Star Wealth Management
Red Star Wealth Management
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A growing Blackpool financial business has moved to bigger premises.

Red Star Wealth Management has taken offices at Amy Johnson Way on the Blackpool Business Park after leaving its previous base at Whitehills.

Owner Kristen Durose said the move coincided with an exciting year ahead with such things as auto enrolment and changes in pensions rules to be tackled.

The company was founded in 2011 as Kristen wanted to use her 13 years experience in the sector to set up her own client focussed business model.

We moved on April 1 to 
coincide with the anniversary of the launch of the business four years ago.

“We had spent six months looking for suitable premises. We needed somewhere large enough to house the current operation but also somewhere we can expand into.

“We are hoping to develop the business further this year and take on more staff.

“The new office is ideally located close to the motorway and is surrounded by other businesses. It has superfast broadband which we did not have at the previous place.

“We had looked at the high street and found that the high rents and rates along with the difficulties of finding parking space, made it less attractive.

“We are working on a new project at the moment which has the potential to generate a lot more work so we will have to recruit.

“It’s a very exciting move for Red Star and should be an interesting year ahead.

“There have been many changes in regulations recently and now we have the huge pensions shake-up.

“The Government has promised that there will be people to help with questions about pensions and annuities and are saying they will take phone calls, but in reality those people will not have the expertise and time and cannot advise people on what to do with their pensions.

“It is a very complicated issue so people need robust advice.

“We aim to be very customer focussed. Our clients like to know they have time to talk to us.

“At some companies the approach seems to be more about how much business can we get out of the client, whereas we look at what we can possibly do to help them.

“I had fallen out of love with my job working like that so that is why I decided to set up my own company, to do the job property. We value our clients as people.”