Financial Planning trigger points

 Where clients are facing significant tax liabilities (personal and/or corporate), particularly on a regular basis, there may be tax efficient investment options e.g. pension contributions; VCT/EIS.

 Clients considering succession/exit planning. Our cashflow modelling tool can illustrate the affordability of their future plans, and estimate their IHT exposure, both now and in the future. We can advise on a range of options to help mitigate this e.g. gifting, trusts, business relief investments and life insurance.

 Business owners without protection in place, especially non-related business owners. We can highlight the risks posed to the business and advise on suitable cover. Being independent means we’re not tied to any insurance company and can research entire market.

 Clients with significant cash holdings (both personal and corporate). What are the plans for the cash? Can the money work harder and/or more tax efficiently? We can advise on potential options, both keeping the funds in cash (Flagstone) or investing.

 Age – clients approaching retirement or in retirement. Has the client got a plan in place for their retirement? Do they know when they want to retire and how much they will need in retirement? Our cashflow modelling service can illustrate the affordability of their retirement plans, and we can advise on how to meet their retirement goals in the most efficient way.

 Clients not currently receiving financial advice. Often some feel they’re not ‘wealthy enough’ to warrant having an IFA, or will look to manage their financial planning matters themselves. A report by the International Longevity Centre found that clients who took financial advice enjoyed an average increase in their assets of nearly £48,000 after 10 years, compared to those who took no advice.