A client’s needs are best met when all of their professional advisers work closely together to provide the necessary information and specialist knowledge that they each have. We have worked with accountants in this respect for many years and offer a fee-based, which enables us to offer your clients advice that is truly independent.
Lifetime Cash-flow Forecasting
Using the latest financial modelling software, we can now offer your clients a comprehensive financial plan which includes an invaluable lifetime cashflow forecast, based on agreed assumptions. This provides them with an indication as to whether their financial strategy will enable them to achieve their personal lifestyle goals and leave them secure for life or whether they are likely to run out of capital at some point. Different scenarios can be tested to show the effects on their plans of immediate catastrophes, such as death of a partner, or enforced retirement due to illness or disability.
This tool can be of particular use to business owners in deciding if and when they will be able to afford to retire, or in calculating the sum that they need to realise from the sale of their business in order to achieve and/or maintain their desired lifestyle in retirement.
It is a fact that the vast majority of businesses in the UK do not have adequate protection for their most valuable assets – the business owners and other key personnel. We have long experience in advising business owners on Key Man Protection and Partnership/Shareholder Protection. Where necessary we can provide draft wordings for Cross/Double Option Agreements and trust documents to mitigate the effects of CGT and IHT.
Advice to Trustees
The Trustee Act 2000 imposed new duties on Trustees, particularly with regard to implementation of the standard investment criteria, which requires them regularly to consider the suitability of investments held within their Trust and states the need for diversification of the types of investment held. We offer advice to Trustees on the suitability of different asset classes, investment risk and diversification, as well as on the most tax-efficient investment products, to meet the Trust’s objectives.
In addition to providing the more traditional advice relating to pensions, ISAs, VCTs and EIS planning, we can also advise firms on Business Property Relief (BPR) retention on the sale of qualifying shares in a business and also assist with Entrepreneurs Relief Protection where large cash balances are held within the company