It is easy to focus on getting the right technical solution for a client: maximising the tax-efficiency of their savings or helping them choose the best pension for their needs. Even more important, though, is tailoring the advice to the individual.
There is no “one size fits all” solution, and my advice is based on a series of conversations with the client, to understand not just their financial situation, but the place that their investments hold in their life, and how they affect their plans for themselves and for others.
Every client is different, but typical questions I might help a client with are:
“How do I reduce my Inheritance Tax bill, while retaining enough money to live on and pay for future care?”
“How much should I be saving towards my pension?”
“Should I be worried about my finances? What might my financial future look like?”
“I’ve bought investments in fits and starts over the years; is my portfolio suitable for my needs and plans?”
"What happens if I get ill and can’t look after my family?"
“I want to support my grandchildren, but I don’t trust my son’s judgement with money. What’s the best way of achieving my aims?”
The Financial Conduct Authority does not regulate Inheritance Tax Advice.