Tilney is an award-winning financial planning and investment management business. We provide advice both to individuals and businesses and have a presence across the UK. We have a specialist team dedicated to helping business owners at every stage of their business, with access to both specialist financial planning and investment management advice. Our entrepreneurial team also work alongside other specialist advisers such as lawyers, accountants, tax specialists and corporate finance advisers to provide better outcomes for clients.
As you know entrepreneurs tend to have pretty complex finances. With such a focus on building and running a successful business, quite often they also struggle to give their finances – particularly personal finances – the attention they need. Everything is focused on the business and their personal stuff is put to one side. We work with Haines Watts to plan and structure the finances in the most tax-efficient way. I think the most important part of the plan here is to link business success to personal wealth so they interact with each other. We work with Haines Watts and their clients to understand how things change over time and what could be done better with the end goal in mind.
One of our key tools is our interactive cash flow modelling service, which sounds very grand, but it’s tech that allows us to put a stack of data in to forecast finances. It looks at when you can afford to retire, or how much you need to sell your business for. If you are passing on some or all of your business, we can help you with the transition and consider wider estate planning, while working with other family members to provide ongoing advice if necessary. These tools help both clients and Haines Watts to plan ahead for the client. We help with both corporate and personal investments, in areas such as diversifying risk by investing in areas away from the business or generating a regular income from the lump sum when you sell your business.
Will I have enough to retire?
What are the lifetime and annual pension allowances?
What is my business exit strategy?
How will the budget changes impact me?
How do I make the most of where we are now or plan differently for the future?
Can I afford to give money to the kids?
We also consider alternative ways in which to invest or hold assets taking into account short, medium and long-term tax positions with the benefit of Haines Watts’ input. This is where our expertise comes to life and we work closely to get this right for clients.
The earlier we start to plan the better, as we can ensure that your affairs are structured in the best way to make your business and personal finances work. This can include the use of Investment company structures, Business Relief Investments, Private OEICs, Offshore Investments to name a few. Haines Watts work with us to ensure the most suitable outcome is provided to clients.
On a personal level, I have been working with Haines Watts for almost two decades, building trust and understanding on both sides. Our long-standing relationship is testament to the quality of advice we give and we only get better client outcomes by working together. Our mission and objective to provide the best service to our clients is completely aligned with Haines Watts values around relationships and also the trust that Haines Watts and Tilney’s senior team have in each other.
Over the years there has been a number of developments. Back in the day, you might have received a bit of paper once a year to tell you what’s going on with your investments. Now you can click on an app and you can drill down as far as you want to go into your portfolio of investments. It will give you performance graphs, risk graphs, everything you need at the tips of your fingers whenever you want it. There’s also a flow of news too in terms of what’s going on with the markets.
However, we are a person-led service at the end of the day and while we have all the technology, we’re all about the personal experience. That’s what our clients value.
Issued by Tilney Financial Planning Limited, authorised and regulated by the Financial Conduct Authority.
Investments go down as well as up and you may not get back the amount invested.
