Independent Financial Advice: Private Clients
Private Clients
New Portfolios
Whether you're experienced or you're investing for the first time, Bishop Fleming Independent Financial Advisers is able to advise on a range of products that will meet your objectives. From the outset, we take pride in ensuring that your portfolio is tailored to meet your requirements, and investments are held tax efficiently.
As independent financial advisers we can access the whole of the market when providing investment advice. This enables us to use the most appropriate fund managers for each part of your portfolio. Whether you are investing for growth, income or for a specific purpose, for example school fees, marriage or an early retirement, modern administrative platforms enable us to recommend the correct asset allocation, fund type and contract to meet your needs and ensure your holding is treated in the most appropriate way, including unit trusts, OEICs, ISAs, PEPs and Investment Bonds.
Existing Porfolios
Whether Bishop Fleming Independent Financial Advisers structured your existing portfolio or not, we are keen to ensure that your holdings continue to meet your current and future needs. Regular review meetings, consolidated portfolio valuations and agreed investment objectives allow us to advise you strategically over the long term. As such, we will only recommend changes when they are necessary.
Pension Planning
Pensions and retirement planning can be complex, and it is crucial that you take advice in order to meet your objectives.
You may be looking for a longer term tax efficient savings plan to provide you with an income in 30 years time, or you may be looking to take an income now via Self-invested Pension Fund Withdrawal. Perhaps you already have a pension, or several of them, and want to know what options are open to you for changing or improving your investments - perhaps you wish to consider a commercial property investment under your plan. The scope of our advice includes:
- Personal Pensions
- Stakeholder Pensions
- Retirement Options (Annuity purchase, Pension Fund Withdrawal)
- Executive Pensions
- Pension Transfers
- Self-invested Personal Pensions (SIPP)
- Small Self-Administered Schemes (SSAS)
With a qualified adviser, reviewing the available options and deciding which are right for you can be easier than you may imagine - and all our consultants hold the industry standard Chartered Insurance Institute’s Advance Financial Planning Certificate Pensions (G60).
Protecting Your Future
Often overlooked, protection is arguably the most important area of financial advice. It may be a cliché, but you have insurance on your home and your car, so why not provide cover to provide for your family and your lifestyle? Isn't protecting your family the most important thing to you? This doesn't only cover death, but also insurance against any serious illness or accident that means you are unable to work in the long term. The types of cover available are noted below, but which is right for you?
- Family income benefit
- Term assurance
- Whole of life
- Critical illness
Using up to date technology we can obtain cost effective covers and provide the advice to ensure the benefits go where you want, without creating an inheritance tax liability.
Inheritance Tax Planning
Apart from several modest exemptions, there are only two ways of mitigating the effects of Inheritance Tax*. The most simple is to give away capital during lifetime. You can also fund a scheme from income and capital with a view to covering the potential liability. Within these two options exist a range of more complex arrangements; lifetime settlements, exempt assets, use of business property relief, life assurances written under trust, discretionary will trusts, gift and loan trusts and discounted gift trusts.
However you plan you could potentially affect your own position and long term financial security. Giving capital away during lifetime essentially means that you lose control of the money. Similarly, if you fund a scheme from income this could involve a long term commitment and you therefore have to be able to afford this commitment without jeopardising your own position.
Recent changes in legislation have had a significant impact on planning in this area, therefore advice is essential and effective. Working closely with tax specialists from our parent, Bishop Fleming, a range of solutions can be advised upon.
* The FSA does not regulate some forms of Inheritance Tax Planning.
Bishop Fleming Independent Financial Advisers is a trading style of Fleming Financial Limited, which is registered in England at Cobourg House, Mayflower Street, Plymouth, Devon, PL1 1LG. Company registration number: 04420757. Fleming Financial Limited is authorised and regulated by the Financial Services Authority. The guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at customers based in the UK. Key Facts about our services.