Matthew Douglas Ltd fought off fierce competition from well-known industry names to take home the MoneyAge Diversity Award 2023. Russell Brett explains why the win is so important.

Growing from ‘literally nothing’ to a nationally recognised company supporting a diverse range of talented staff with heritage across the UK, the Caribbean, Africa and Asia.

I’m thrilled to share with you that Matthew Douglas Ltd has won a nationally recognised award, highlighting the importance of diversity within the workforce.

Our team won the MoneyAge Diversity Award earlier this month, beating competition from well-known companies including Zurich, Succession Wealth, The Verve Foundation, Fisher Investments UK and BTJ Mortgages.

We’re truly honoured to win the MoneyAge Diversity Award, especially as we’ve been championing corporate diversity long before it became a box to tick on a hiring sheet. 

While we are based in the heart of rural Suffolk, a county with a majority white population of 93% compared to the English national average of just 81%, there are 17 members of our team whose heritage comes from four different continents: Africa, Asia, North America (the Caribbean) and Europe.

What’s more, in an industry that historically has a low percentage of female staff, we also have five women represented at all levels within the company from the senior management team, to senior advisers and customer service members.

We also employ a Syrian refugee and provide practical and financial support for his family whilst we continue to help them integrate and navigate the cultural and financial differences they experience. Since the invasion of Ukraine in 2022, we have also provided a home to a lady and her cat from Odessa, who live in an annexe behind our office.

As you know, we don’t believe in working in an echo chamber; we’re incredibly inclusive because we are unapologetically reflective of the diverse community we serve. We thrive within a culture of acceptance, tolerance and mutual support.

Within Matthew Douglas Limited, we have also created the PROSPER programme, which stands for Positive, Responsible, Ownership, Supportive, Pragmatic, Empathetic and Respectful actions. We consider these values to be the guiding principles that govern our day-to-day actions and interactions, with emphasis on taking personal responsibility and empowering every individual to own the work that they do without fear or judgement. 

Our founder, Matthew Pescott Frost, accepted the MoneyAge Diversity Award at the awards ceremony, which took place at the prestigious Waldorf Hilton London hotel on Thursday 12th October 2023.

Matthew Pescott Frost adds: “In 20 years of business, this company has grown from literally nothing into a successful local business, employing and uniting 17 immeasurably diverse individuals. 

“We support around 700 families – providing advice and investing assets of £300M and generating a turnover approaching £2.5M. This could never have happened without recognising the importance of diversity and building it into every facet of our business.”