01932 830 664

 Corporate Financial Planning

Initial Meeting

Our road to providing you with a complete Financial Planning solution to your needs and requirements starts with an initial meeting which is at our cost. The meeting can be held at our offices or your offices. The meeting is on a total 'No Obligation' basis.

The aim of the meeting is twofold.

  1. Firstly the meeting acts as an introduction to Ward Williams Financial Services Ltd and to the Adviser that will be working with you to achieve your goals. To us, it is very important that you are comfortable with your Adviser from the very start of our relationship. Our Advisers are all Independent which means that we give the best advice for you.
  2. Secondly, the meeting acts as an exploratory chat from our point of view. We feel that it is important that we have a good understanding of the company's current position and what you are trying to achieve including areas where, as a business, you may be vulnerable. We will do a full fact finding exercise (download our Fact Find document), talk about corporate arrangements that are currently in place and what you are hoping to achieve.

At this meeting we will also explain how we charge for the services that we provide and we will give an indication of how much we will charge.

If possible, and only if you are comfortable with the process, we ask you to sign Change of Agency forms forms which will enable us to get up- to-date information from your existing providers and we can start the process of reviewing what arrangements the business currently has in place.

Following the meeting we will write to you with our outline proposals and you will then be asked to let us know whether you wish us to go forward as your Adviser.

Often, alongside the requirements of the business, the Directors also need advice on their personal situation and for many SMEs the corporate and personal strategies go hand in hand. This can be particularly relevant when considering tax planning and this is an area in which we have particular expertise.

 Independent Advice

Why choose an Independent Financial Adviser?

Independent Financial Advisers (IFAs) are rightly proud of their Independent status and they are easily identifiable by the IFA logo found in the bottom right-hand corner of this page.

In essence, Independent Financial Advisers have NO TIES with, or any commitments to any of the providers of the arrangements that might be recommended to you. An Independent Adviser is committed and obliged, by nature of his or her regulated status, to give you advice sourced from the whole market and not from a few chosen providers.

We, at Ward Williams Financial Services Ltd, strongly believe that Independent advice is the best advice that you can get. This is the only way you can be sure that the adviser you are dealing with has your best interests in mind when advice is given. It is the only way, also of ensuring that you have the best options available when you come to pay for the advice.

All advisers are personally regulated by the Financial Conduct Authority (FCA) and it is possible for an adviser to be regulated in three ways:

When you receive advice from a Tied Adviser, he or she can only make recommendations that relate to the provider to whom they are tied. This result is that it limits the choice of provider to one. The product recommended will be the product only of that provider and, it will not necessarily be the most suitable/most cost effective/best performing/most flexible. It will just be the product offered by that provider. Many high-street banks, building societies and life insurance companies with direct sales teams operate this way.

A multi-tied adviser has links with more than one company so in theory can offer greater choice. However, there is no guarantee that there is more choice – they may just use different providers for different products – for example, they may use one company for life assurance but a different company for pensions. In this way, and for a particular product, they are similar to a Tied Adviser.

A Tied Adviser matches a client to a product rather than a product to a client.

An Independent Financial Adviser, however, works hard to understand the client, their circumstances, their needs, hopes, fears and dreams. In order to help them, a particular product, such as life assurance, may be suitable. In the case of the IFA, they will then research the whole market to find the, most suitable and most cost effective product undertake from the whole market that best fulfils the clients’ requirements.

All advisers will seek to be remunerated for the work that they do. All advisers have to set out how they are going to charge, and how much they are going to charge in advance of providing advice.

IFAs are the only advisers who MUST give you the option of paying for this advice by way of fee rather than commission. This means that they offer more flexibility on how they charge for their services.

×