Independent financial advice – what is it?
Financial advice is generally focused on your immediate objectives or priorities and limits the advice to one area of your finances. It is usually short-term advice and is different to financial planning – which is goal based and aims to produce a flexible comprehensive long-term financial plan to meet both short and long-term objectives. An experienced financial planner will usually charge a fee for this kind of work.
How can I benefit from independent financial advice?
As this site is picked up around the country we have a number of advisers who form part of our group. They are all highly trained in Estate planning and inheritance tax planning.
Once we have identified that our advisers can be of service we will put you in touch with your nearest independent specialist.
The service that our advisers offer helps you to identify your immediate financial and tax saving priorities. Your independent financial adviser will then recommend and implement suitable financial products to match your plans. Because they are independent, they are not tied to specific products and can offer the most suitable advice for your individual needs. Also, because they are fee-based (and the fees are all agreed upfront so you are comfortable), they are not ‘enticed’ by any promotions or incentives. Indeed, by not paying on a commission basis, you can save a lot of money over time dependent on the products you choose.
Our advisers can give independent advice on all of the areas shown in the diagram, namely, insurance, investment portfolios, tax advice and pension advice.
What happens next?
Once you have satisfied your immediate requirements then you should investigate financial planning and the opportunities that may lie therein. This is particularly important if you are a millionaire, a small business owner and/or wealthy retired with an estate worth in excess of £1 million.
If you decide to become a client, our advisers also offer proactive investment advice and investment management.
Is this not ‘cart before the horse’?
Yes, it certainly is. However, whilst financial planning should be the horse and power the financial advice cart, more often than not, we find that our clients prefer to deal with their immediate needs first. We are happy to help you whichever way you feel most comfortable. Key to all of this is life planning – the true driver of the cart! This is a service our advisers offer to some of our clients to make sure your financial plans are adjusted to match your needs.
Any financial advice questions?
If you have any questions please call us or Email us.
- Inheritance Tax & ISAs : An Unwelcome Surprise?
- Inheritance Tax Rules Baffle Older Generations
- Inheritance Tax Review Ordered by the Government
- The Passing Of Business Shares On Death
- Inheritance Tax Planning for Cohabiting Couples
- 7 steps to reduce your inheritance tax bill
- HMRC Challenges Tax Avoidance
- 3 things to consider when thinking of selling your business
- Unsuspecting consumers being hit by IHT bills
- Call to change tax rules
- Five good reasons to use a trust
- Deed of variation
- Complex rules on inheritance tax
- You will need to review your will
- New inheritance tax allowance for homes: six things you didn’t know
- Who should you leave your home to on death?
- When is a gift not a gift?
- The tax advantages of getting married
- Why do you need both a will and a trust?
- Gifts from your income