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Allan Ross, IFA Ware - How we help clients with practical financial planning

Thursday 17 December, 2020

Financial planning isn’t just about planning for your retirement or investing tax efficiently, sometimes it’s just simply about offering clients financial advice on smaller practical financial issues.  

Our independent financial advisers have developed long-term partnerships with most of our wealth management clients.  Our clients trust their independent financial adviser to assist them with their financial planning.  Our financial planning teams are also always available to answer your general financial questions or concerns.

Allan Ross, Lonsdale independent financial adviser with SOLLA accreditation in Ware, Hertfordshire said: 

‘Financial planning can be complicated but sometimes it is the simple things that concern our clients most.  For example, we recently had the announcement from National Savings & Investment that from Spring 2021 they will no longer be sending prize premium bond payments by cheque.  I have had several clients call me to discuss this, as they are concerned about the change.  Some clients need advice on how to link their bank account details to their NS&I account as they don’t normally do online banking.  Several of my clients live alone and may not have friends or family who can help with these practical matters, but it’s important that all our clients know that they can call all our financial planning teams to discuss these practical issues.  Recently we have also had clients calling us because they are concerned about financial scams and want to know how to avoid them.  Remember that our independent financial advisers will not action any emails for a fund withdrawal, without speaking to you first so we can check it was you who made the request. If you are concerned about financial scams, please read the article below.’

Allan Ross, Lonsdale independent financial adviser with SOLLA accreditation in Ware, Hertfordshire continued:

‘Although all our Lonsdale Wealth Management financial planning teams in St Albans, Harpenden, Ware, Leeds/Bradford, Stafford, Ringwood and Barnet have their own client relationships, Lonsdale Services also reviews client service across all our offices.  In 2019 we set up a vulnerable client group involving colleagues from several offices who meet regularly to provide guidance to our independent financial advisers on new regulations to ensure we always put our clients’ interests first.    In July 2019 the Financial Conduct Authority (FCA) issued a Financial Lives Survey that suggested 50% of adults display one or more characteristics of being potentially vulnerable.  These include – health, life events, resilience, capability.  Our vulnerable client group was established to make sure that our advisers can recognise vulnerability and can help clients, whatever their circumstances.  One of the ways we support clients is by providing website articles on practical financial issues that we get asked about.  Below is a selection of useful articles that may assist you.  If you require further information, please contact your financial planning office.  If you are looking for financial advice, please complete our booking consultation form and your local independent financial adviser will call you back.’

Keep your Will up to date

It is really important that you make a will but also review any Will, so it’s kept up to date.  You should review your Will when you experience a significant ‘life event,’ for example the birth of a child, a marriage or civil partnership, divorce or the death of a close relative.   

Read about practical financial issues that concern you:

Use Talk Money week to involve your children in financial planning
Digital Lasting Power of attorney tool introduced
How to spot a Covid 19 financial scam
The value of ongoing investment management
Why set up a Lasting Power of Attorney?
Set up a Lonsdale Wealth Management financial passport for financial & personal information 
Lonsdale Services launches 10-point plan to support clients living with dementia
How Lonsdale Services protects against scammers
Why set up a will and Lasting Power of Attorney?

Please note: The Financial Conduct Authority does not regulate estate planning, tax advice, wills or trusts.

 

 

 

 

 

 

Call one of our Lonsdale Wealth Management financial advisers for help with your finances

Call one of our Lonsdale Wealth Management financial advisers for help with your finances

Allan Ross - Lonsdale Wealth Management independent adviser in Ware with SOLLA accreditation

Allan Ross - Lonsdale Wealth Management independent adviser in Ware with SOLLA accreditation

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