Running a business today takes a great deal of hard work and commitment. The pressures of maintaining the pace in competitive markets mean that the future wellbeing of the business tends to take priority over time spent on planning your own financial objectives. As well as the challenges you face in the day to day running of your business you will also need to consider:
- Arranging appropriate agreements and insurance with your fellow shareholders to resolve disputes and maximise tax efficiency
- Structuring your remuneration tax efficiently and cost effectively
- Identifying and mitigating the liabilities that could be created by the loss of a key person
- Ensuring cash assets in the business are invested to maximise returns and tax efficiency
- Creating financial independence from your business
- Establishing an effective exit* or transition strategy
Rising to these challenges and continuing to run your business successfully isn’t an easy task. That is why, by taking time to understand your business, we can help you meet your aims, so you can
concentrate on what you do best – managing your business.
ONGOING ADVICE CHARGE
We will discuss with you the ongoing advice charges for our services. Our advice is not free. Details of the charges we make for our advice and how it is paid for are set out in the ‘Key facts about our costs and services’ document you receive. The cost for our advice is paid for and facilitated out of the overall charges levied on your investment. The advice charges will also be discussed with you and the specific amount charged will be provided on your personalised illustration. If you have any questions regarding this, please do not hesitate to contact us.
The value of an investment with St. James’s Place will be directly linked to the performance of the funds selected and may fall as well as rise. You may get back less than the amount invested.
An investment in equities does not provide the security of capital associated with a deposit account with a bank or building society.
*Exit strategies may involve a service which is separate and distinct from those offered by St. James’s Place.
CREATING VALUE AND SECURITY FOR YOU AND YOUR BUSINESS
A TAILORED FINANCIAL PLANNING PROCESS
|Ascertaining a clear picture of your financial position as it stands today. This is achieved by gathering data to include personal income and expenditure, assets and liabilities and details of existing investments, pensions and protection policies.|
Discovering what you wish to achieve both financially and personally.
Establishing your personal objectives, with a view to prioritising, and identifying realistic timescales for achieving your financial goals.
|Comprehensive analysis of the data collated to determine its overall effectiveness in meeting your current needs and financial obligations.|
Ensuring that any current arrangements are cost effective, correctly structured, and where appropriate suitably invested.
|Establishing client attitude to investment risk to provide an indication of risk tolerance levels.|
Devising a ‘neutral’ asset allocation strategy based on your ascertained risk profile, which would then be tailored to the client’s specific investment attitude and views, to produce a ‘tactical asset allocation’ strategy.
The tailored asset allocation strategy is then applied to specific investment vehicles, again tailored to client requirements and objectives.
|Formulation of a comprehensive and tailored recommendation designed to satisfy your personal and financial objectives, which will include:|
- A personal cash flow forecast
- An asset and liability allocation and statement of ‘net worth’
- An analysis of any potential Inheritance Tax liability
- A tailored investment strategy
|A comprehensive Financial Planning Report will be provided prior to a follow-up meeting to discuss the contents of the report, with the ultimate view of ‘fine tuning’ the most suitable financial plan.|
|Having agreed which sections of the recommendation you wish to effect the most suitable method of implementation is established, with regard to the specific timing of each part of the recommendation.|
|Additional benefits include a personal income tax review, with a view to establishing what strategies, if any, can be implemented to provide income tax mitigation or reclamation, as appropriate, through a variety of tax mitigating investments and tax planning schemes.|