Even good surprises can leave you in a quandary.
When you come into money suddenly, the worry can be what to do with it.
It doesn’t matter if it’s a sizeable increase in salary, a work bonus, or a lump sum from a selling a business, or indeed a divorce settlement or redundancy payment, the question remains – what to do with such a large sum of money? For Colmore Partners' client John B. first met Richard Meek when John was made a partner in his old law firm, and it bumped him up to a salary that presented him with a range of options for growing his wealth. But with no idea where to even begin.
Below, John explains in his own words how Richard has helped him over the years. And just as importantly, how Richard has made him feel throughout.
As we did in John's case, we can help make sure the opportunity a lump sum presents is maximized tax efficiently. Everybody’s situation is unique to them, so the starting point is a conversation.
John B.
Richard is brilliant. Not only have I been extremely impressed with how he has set up Colmore Partners, but thanks to 20+ years’ diligent planning he has helped me - and great many of the other partners at my old law firm - transition into retirement with ease and with confidence. Throughout that time and after I took retirement, I have always been made to feel like I was his only client, which just goes to show what a great personal service he provides.
John B., Retired law firm partner.
How we help you navigate unexpected wealth
Create ‘Grand Plan’
We meet you and listen carefully to your ideas, hopes, and aspirations. We ask pertinent questions and take copious notes. Then we build a plan that’s right for your individual circumstances. It will have clear objectives, it will be strong enough to last a lifetime and it will be flexible enough to bend with the changes life throws at you.
Structure for maximum efficiency
The Grand Plan works when it’s structured for maximum efficiency. This means paying the least amount of tax, identifying who should own the assets, and how best to use all your available tax reliefs. Efficiency also means managing your fees appropriately – so more of your money goes to you and your loved ones.
Invest
Everyone feels different about risk. We take great pains to understand how you feel about it – and then we marry it up with the levels of risk required to meet your hopes and aspirations. This enables us to select the most suitable investment style that will help you achieve your objectives.
Review
Life has a habit of throwing a curve ball or two. From changes in your personal circumstances to the introduction of new laws and taxes – as well as stock market ups and downs. We talk with you regularly about these, the ways in which they may affect your objectives – and therefore the Grand Plan – and agree any changes that may be needed sensibly and rationally. It’s all designed to give your wealth the best chance of doing its best for you.
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Simon Hoult
Simon is a Chartered Financial Planner with over 25 years’ experience in the financial services sector. He advises a range of clients with complex financial planning needs.
Katrania Lowers
Kat brings over a decade of experience in financial services to working up tailored, holistic financial plans for her clients.
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