About us
Everyone has lifetime goals, for themselves, for their families and for some, their business. Although many of these goals may not be related to money, inevitably, most will have financial implications.
At Old Mill, we believe that sound financial planning is the starting point to realising your personal aspirations, and as one of the West Country’s leading accountants and financial planning firms, we can help you reach those goals.
As a client of Old Mill, you will be trusting a firm with a long history of delivering financial planning services to the highest professional standards.
You will have a dedicated financial planner who will work closely with you on an ongoing basis to provide bespoke advice and help manage your affairs. And, with the support of a 70 plus strong team working alongside them, there’s always someone available to help you.
Regulated by the Financial Conduct Authority (FCA), our planners are among the most highly qualified in the country. The adviser team also includes specialists who focus on Trust and Later Life work, Tax Planning, Pensions Consultancy and Estate Administration.
“The advice I have been given over many years has been invaluable. The personnel involved have always been thorough in their communication skills and given advice in an easy to understand format whether written or face to face.”
N. Udall
Who we work with
Our Wealth Management service is suitable for individuals, business owners and their families who are interested in planning their financial future.
The need for sound financial advice is driven by a multitude of factors that can arise at various stages throughout your life.
The role of a financial planner is to advise and support your financial plans and decisions, to help provide the best future outcomes for you and your family.
A financial planner can play a key role in supporting you whatever financial challenges you face: from preparing for
retirement to living in retirement, selling your business, receiving an inheritance or making sure your current arrangements are best suited to your current and future plans.
Whatever your reason for seeking professional financial advice, Old Mill has the experience and expertise to provide bespoke, comprehensive financial planning support and peace of mind. We aim to give you the clarity and confidence to enjoy your life.
You will be working with a financial planner who values your trust and has your best interests at heart.
“You will be working with a financial planner who values your trust and has your best interests at heart.”
Finding the balance between your wealth and your wish list
Everyone has a limited amount of resources available to them (their wealth) and a list of things they want to do with that wealth (their wish list). We can help you plan to build, spend and protect your wealth. Whatever situations you face and whatever age you are, the first step towards making the right decisions is clearly understanding your financial needs and wants.
We’ll focus our initial discussions on understanding your current situation and learning about your financial and non-financial goals so that we can present the right solution(s) to you.
Our cash flow modelling tool can provide an in-depth analysis of your current income, expenditure, assets and liabilities and an assessment of whether your future plans are achievable and as equally important, can be improved upon.
Let’s explore:
• How much money does your lifestyle cost?
• Are you missing out on tax savings or allowances?
• What is on your wish list?
• Do you have any future plans for your wealth?
• Are your assets in the right place?
• Are you protected against unexpected events?
Developing a bespoke financial plan
Your financial planner will use the findings as a springboard to develop an individually tailored financial plan to meet your financial needs, goals, and objectives.
We don’t simply focus on a set of products or funds; we aim to help you make much more informed decisions on how much you need to invest, what investment risks you need to take, and even whether you need to invest at all.
In some cases, you might not need a product, or the products you already have might be suitable. Where your financial plan highlights a product need, your financial planner will discuss your investment options with you and recommend where and how to invest your money.
“We have every confidence with Old Mill to the extent we feel we do not need to worry about our finances as they are in safe hands. Our questions are always answered willingly and clearly and advice given is very well tailored to our needs.”
N. Moass
How we will work with you
Are you in control of your finances or are they in control of you?
We recognise our clients are individuals and there is not one set of processes or procedures that will meet everyone’s needs.
We also recognise the most valuable outcomes achieved for our clients are invariably not what they approached us for.
To enable us to find the right balance between what our clients want and where we believe we can add value, we have created a series of financial planning outcomes.
Your financial planner will therefore work with you to deliver your outcomes.
Your outcomes
An objective based on your wish list
In order to plan we need something to plan against. To do this we need to establish what’s on your wish list so we can then agree your primary long term objective.
The next element is to continually review the plan to ensure you remain on track. 1 2 3 4 5
Clarity on what you have and where it is
To deliver financial planning we need to know all of the resources available to you. We cannot do this with limited information or pieces of information missing.
A vision of the future
Once we have an objective and details of available resources we can map out the client’s future (through the use of cash flow modelling). The plan will be challenged; can it be done sooner? can it be done better?
Improving the chances of success
Having agreed a plan, we then look at how we can improve the chances of success. This is the product recommendation element of financial planning.
Ensuring you remain on track
Our service
Our Wealth Management service is the ongoing service you will receive from Old Mill as one of our valued clients.
As part of the core service, you will benefit from:
• Minimum annual face to face or remote financial planning meeting at location or medium of your choice
• Investment strategy – product choice and use of available allowances
• Ongoing management of your investment portfolios, including weekly fund monitoring/quarterly fund and asset allocation review
• Regular portfolio rebalance, to bring your investments back in line with your attitude to risk
• Quarterly investment portfolio valuation report and monthly Insights
• Access to the Old Mill Your Wealth App
• Access to a financial planner and support team
• Cash flow modelling
• Financial review and associated advice
• Check in meetings by phone or video call
• Intergenerational planning (parents and children)
• Family/friends consultation.
The following specialist services are also included:
• Accountancy/Tax opinion service
• Pension Administration opinion service
• Access to our Estate Administration service**
• Trust Administration opinion service.
The standard fee for our service is 1% of assets under management (AUM) subject to a minimum of £3,000 per annum. ** Additional fees may be payable for these services
Contact
If you would like to have an initial chat with one of our planners free of charge, please get in touch.
enquiries@om.uk | om.uk
Exeter
+44 (0)1392 214635
Chippenham
+44 (0)1225 701210
Wells
+44 (0)1749 343366
Yeovil
+44 (0)1935 426181
Ilminster
+44 (0)1460 259852
