We make sure we take the time to understand your needs, goals and preferences before we make any recommendations - this is the process we follow.
We will meet with you to initially understand your personal circumstances and what you would like to achieve, help you understand the benefits of using our services, outline our associated costs and give you the opportunity to appoint us.
This could involve a specific review of your current arrangements in relation to a particular issue you feel requires attention or could involve your entire financial situation. Any or all of the following issues could form part of our review service and we would agree this at the initial consultation;
Holistic Financial Report
This is the ideal option for someone looking at their full financial situation. The report will not make specific product recommendation but instead highlight the areas where there is a need for both short and long term planning. The report will provide the milestones to reach your ideal financial position.
Business Protection Review
An assessment of the threat to your business if something were to happen to you, other shareholders and directors or key personnel the business relies upon. This is an area of planning that is often missed but the risks have the potential to destroy a business that isn't correctly prepared.
An assessment of any life or health protection policies you currently have in place, whether these have been arranged efficiently for tax purposes, the level of cover they provide and how suitable these are to protect the lifestyle of you and your family.
Lifestyle Financial Planning
Creation and implementation of a strategy to enable you to achieve your objectives, which may include solutions for borrowing a new mortgage or paying one back as soon as possible, saving for school/university fees, investing for other specified goals or even using your assets to raise an income in retirement.
A review of the impact that Inheritance Tax could have on the value of your estate. Where a liability exists we can provide solutions to reduce this cost. Consideration for the use of Trusts or specific investment products to protect your wealth and make sure the maximum is passed to those you wish. Writing of a Will or your Lasting Powers of Attorney.
Pensions Review & Retirement Planning
A review of existing pension arrangements, the potential benefits of using a platform to monitor your pension funds, guidance on generating income in retirement, including annuity purchase, capital protected annuities, impaired life annuities, income drawdown & more.
An objective assessment of your risk tolerance and complete review of existing investments held, including the interest rates applicable on cash deposits. Considering the use of ISA's, bonds, collective investments such as unit trusts, EIS & VCT investments and other mutual funds.
Once we understand more about you and your circumstances we will then carry out product research to enable us to identify the most suitable recommendations to help you reach your goals. If you require we can produce a full analysis of areas that we feel you should consider over the course of time. These may not be immediately achievable, but will provide you the ideal financial solution to work towards, potentially highlighting issues you may not have considered.
Once we have helped you to prioritise your immediate needs we will present back to you our report detailing the results of our research and making personal recommendations including specific product solutions that will support you in achieving your personal needs & objectives.
This process only begins once we have your agreement on the arrangements to be put in place. This will involve arranging investments or other products, such as protection planning, on your behalf or may extend to implementing a specific financial planning process, such as estate planning.
We will act as the intermediary between the product provider(s) and you with a view to arranging the purchase of the products as we have agreed.
An on-going relationship with our clients has always been integral to our business, as we believe that it can add significant value to both individuals and businesses. Dependent upon your circumstances the future level of interaction required may vary but the main purpose of this is to monitor your on-going position to ensure that the products continue to meet your requirements. Through regular reviews we can also develop the planning strategies over time to take into account your changing circumstances and objectives as well as developments in economic conditions, legislation (taxation etc.), new ideas and financial products. We are able to offer differing levels of on-going service to suit your current requirements.
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18 Hoffmanns Way,
Tel: 01245 806 312
Suite E, 2nd Floor
The Octagon, Middleborough
Tel: 01206 867551
7 Hydra Orion Court,
Addison Way Great, Blakenham,
Ipswich IP6 0LW
Tel: 01473 359 720
London E15 4HF
Tel: 0208 221 8282
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Registered Office: Swift House, 18 Hoffmanns Way, Chelmsford, Essex, CM1 1GU. LB Financial Solutions Ltd is registered in England and Wales. Registered Number 07942025.
LB Financial Solutions Limited is an appointed representative of Intrinsic Financial Planning Ltd and Intrinsic Mortgage Planning Ltd, which are authorised and regulated by the Financial Conduct Authority. Intrinsic Financial Planning Ltd and Intrinsic Mortgage Planning Ltd are entered on the FCA register (http://fsa.gov.uk/register/) under reference 440703 and 440718.
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