Independent Financial Advice
Helping To Create, Manage And Protect Your Finances
Many people ask why Independent Financial Advisers are really needed and whether they can be sure that they receive impartial financial advice. If you visit a high street bank for financial advice, you are likely to be introduced to a ‘Tied Financial Adviser’ who will promote the products of the bank, or an insurance or investment company to which the bank has an allegiance.
Unlike a Tied Financial Adviser who can only select from a very limited array of products, an Independent Financial Adviser (or Financial Planning Consultant) is able to provide unbiased financial advice and impartial recommendations from hundrends of products and providers available on the open market. With mortgage and investment products changing on a weekly basis, having access to the whole marketplace means I can offer a solution to suit your personal circumstances, objectives and attitude to risk.
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Don't Forget Your Tax-Free Savings. It's ISA Season!
There has recently been numerous tax legislation amendments over the last 18 months, including significant changes to Inheritance Tax (IHT) and Capital Gains Tax (CGT). From 6 April 2008 amendments have provided increased flexibiltiy with changes to Individual Savings Accounts (ISAs), including an increase in the annual allowance to £7,200 and the transfer of Personal Equity Plans (PEPs) into Stocks and Shares ISAs. The chancellor declared in the 2009 Budget that the annual ISA allowance is due to increase to £10,200, with the change being implemented from 6 October 2009 for people aged over 50 and from 6 April 2010 for anyone else who is eligible. To find out how these changes might affect you and no matter what your financial experience or objectives are, I offer a friendly, personal and confidential financial planning service covering a variety of areas including:
- Lump Sum Investments (including ISAs and other tax efficient savings)
- Regular Savings (including ISAs and other tax efficient savings)
- Mortgage Advice (for First Time Buyers, Homeowners & BTL Investors)
- Protection Advice (including life assurance & income replacement insurance)
- Retirement Planning (including Personal Pensions, Annuities and SIPPs)
As an independent financial adviser, I aim to build up a close relationship with every client to provide bespoke independent financial advice. It is often very complicated and time consuming to investigate and research the wide variety of financial products and services on your own. By appointing an independent financial adviser you will be able to benefit from a professional and unbiased opinion whether you require investment advice, retirement planning / pension advice, mortgage advice or life assurance / protection advice.
The impartial and unbiased service I offer can be illustrated according to the following strategic financial planning and independent financial advice process:
- An initial meeting takes place with a detailed assessment of your current situation. This meeting includes a discussion about your short, medium and longer-term personal financial objectives, as well as a comprehensive assessment of your attitude to risk. The initial meeting is free of charge and there is no obligation to continue afterwards.
- After outlining my assessment of your financial needs and priorities, if you wish to continue with a formal recommendation, comprehensive research is carried out to construct a distinctive financial plan. There is a choice of receiving commission based and/or fee based financial planning advice. The financial plan is then carefully discussed and agreed with you at a second meeting.
- The next step is to implement each element of the agreed financial proposal with effective monitoring and active management, which may include subsequent meetings. Regular financial reviews are recommended so that amendments can be made in line with any change in personal circumstances, objectives or attitude to risk.