Category Archive Insurance & Protection

Bymapfinancesadmin

Are your clients getting the right financial advice?

Speak to a financial adviser who can help you

Reading the national and financial press recently, it is very apparent that a lot of people don’t know where to turn for financial advice. With most Financial Services providers having withdrawn from having a local presence, and the ongoing onslaught of bank closures in the average UK high street, it is becoming even more confusing for people to know where to go or who to call for good financial advice.

Establishing a relationship with an Independent Financial Adviser (IFA) you can trust to handle all of your financial needs is critical to achieving your financial goals. Not all Financial Advisers are the same, so you must beware!

The two main types of financial adviser are those who are independent and those who are not. All advisers must tell you what services they offer from the outset. To be called an Independent Financial Adviser, they must be able to offer a broad range of retail investment products, and give consumers unbiased advice based on a comprehensive analysis of the market.

Restricted or tied advisers on the other hand can only recommend certain types of investment products or products from a limited number of providers (possibly only one if tied). It is important to establish at the outset what type of advice an adviser can offer, to ensure you get the best investment(s) to suit your needs and requirements.

All advisers must be properly qualified to give financial advice and hold the Diploma in Financial Planning, or an equivalent qualification. Advisers must also prove that their knowledge is up-to -date through continual professional development (CPD).

Some types of advice require an adviser to have specialist qualifications – pension transfers and equity release for example. Any companies offering these services should have advisers within their ranks who are suitably qualified to provide advice in these areas.

Advisers must also be transparent in the fees they charge for both initial and ongoing advice and services.

With Money Advice & Planning Ltd you can rest assured in the services we offer:

  • Non-restricted advice and planning – no matter what financial advice and products you need, we can help.
  • Face-to-face advice from UK-wide trusted advisers – irrespective of where you are in the UK, one of our advisers will be happy to meet you and discuss matters face-to-face.
  • Fees structured to suit requirements – financial advice should never take on a ‘one size fits all’ approach and our fees will be structured and mutually agreed to suit your needs.
  • Tailored service packages – we don’t believe in one-off financial advice and have several service packages available, so your financial affairs are reviewed throughout your journey with MAP.
  • Whole of market non-discretionary investments – our bespoke investment strategy will cater for your needs and requirements, and give you an investment right for you.
  • Quarterly investment reviews – our proactive analysis of fund performance ensures you are always invested in the best areas to suit your attitudes to risk.
  • Recommended funds – we invest using recommended fund lists, which have been tried and tested to deliver successful returns for our clients.
  • Transparency and peace of mind – clients have 24/7 access to their investments through the MAP portal, so they always know how their investment is performing.

Why not get in touch today to see how we can add value to your business and your clients.

The material is for general information only and does not constitute investment, tax, legal or other form of advice. You should not rely on this information to make (or refrain from making) any decisions. Links to external sites are for information only and do not constitute endorsement. Always obtain independent professional advice for your own particular situation. Money Advice & Planning Ltd is authorised and regulated by the Financial Conduct Authority.

Bymapfinancesadmin

Offering solutions, not products

What do you think of when you hear the term ‘Financial Adviser’? Does it conjure up the image of someone trying to sell you as many financial services products as possible – life insurance, pensions and savings plans, to name the most common – or do you see someone who can help you achieve your goals in life?

Here at Money Advice & Planning Ltd, we believe our business is about offering solutions to help people to achieve their goals and aspirations in life.

We have heard it said many times that “a goal without a plan is just a wish” and we believe that to be very true. How many people set out on life’s journey wishing to own their dream house, pay for their kids’ education, enjoy their ideal holidays or retire and spend their time playing golf or lying by the pool at their holiday home? Sadly, for many people, the goals and aspirations that they have turn into nothing more than a pipe dream which they will never achieve.

There can be many reasons why this can happen but for many it is down to nothing more than a lack of planning. For others, they see financial products as nothing more than an expense rather than a tool that can help them achieve their goals.

The role of a Financial Adviser is not about selling financial products; it is about offering solutions to help clients achieve their goals and being there over the long-term to make sure that happens. The financial products are the tools the adviser has in their bag to get the job done.

Money Advice & Planning Ltd does what it says on the tin – it provides the advice and planning needed throughout a clients’ journey, to help them achieve their goals, and after all, your goals are our goals!

If you would like to find out about how Money Advice & Planning can help you achieve your goals, please visit us at www.mapfinances.co.uk and use the contact form. Alternatively, call Andrew Singleton on 0345 241 1808.

The material is for general information only and does not constitute investment, tax, legal or other form of advice. You should not rely on this information to make (or refrain from making) any decisions. Links to external sites are for information only and do not constitute endorsement. Always obtain independent professional advice for your own particular situation. Money Advice & Planning Ltd is authorised and regulated by the Financial Conduct Authority.

Bymapfinancesadmin

Family Lawyers – how MAP can add value to you and your clients

Judge gavel, scales of justice and law books in courtFrequently, family lawyers will refer their client to an IFA once a divorce settlement has been finalised; the sooner the client is referred, the better it is for everyone involved.

There are a number of areas our advisers can assist a family lawyer with in a divorce settlement. Listed below are a few of those areas where we can work alongside the lawyer.

Gathering and assessing financial information

A financial adviser can assist in gathering all relevant financial information required, as this is a natural part of the advice process they would carry out with their own clients. Areas they would cover are:

  • Income & Expenditure – what will the impact of the divorce have?
  • Savings and Investments – are they joint and therefore need to be split?
  • Pension holdings – do they need to be split or transferred?
  • Protection cover – are they joint and therefore need replacing?
  • Mortgage – is it in joint names and need to be assessed?
  • Assets – what is their value and do they need to be split?

Cash Flow Forecasting

It is important for the client to know as soon as possible the financial impact the divorce settlement will have on them. The IFA will be able to put a forecast in place to project what this could look like. 

Dividing Assets

Who keeps the house, the pension, or other assets? The IFA – based on the financial information they have gathered – will be able to offer advice and options based on the client’s goals, priorities and objectives.

Dealing with financial products

Whatever needs to be done with pensions, protection products, savings and investments, mortgages or other assets – as part of the divorce settlement – the IFA will be able to advise on the best way to proceed and then can carry out the work which needs to be done to make the changes happen.

 

Dealing properly with a client’s financial situation as a result of a divorce is crucial as it can have a major impact on their lifestyle both now and in the future. It is vital they understand all the legal and financial options presented to them, and are able to make informed decisions as soon as possible.

If you would like to find out how Money Advice & Planning can assist with divorce settlements or any other financial issues for any clients, please visit us at www.mapfinances.co.uk and use the contact form. Alternatively, call your local MAP adviser at a time which suits you.

The material is for general information only and does not constitute investment, tax, legal or other form of advice. You should not rely on this information to make (or refrain from making) any decisions. Links to external sites are for information only and do not constitute endorsement. Always obtain independent professional advice for your own particular situation. Money Advice & Planning Ltd is authorised and regulated by the Financial Conduct Authority.

Bymapfinancesadmin

Accountants, Lawyers and IFAs – A Team Approach

Business people making introductionsFinancial, legal and tax advice are areas conducted by professionals adhering to their own sets of standards and qualifications, with their own professional bodies and regulators.

These advice professions are no different to other business sectors though when it comes to facing growing pressure to retain their existing clients, and more importantly, to win new clients and discover sources which will provide those new clients.

Legislation such as the Legal Services Act (LSA) and the Retail Distribution Review (RDR) has forced the legal and financial advice professions to introduce more client centric business models and, at the same time, become more competitive. This in turn has created a growing pressure for these advice professions to diversify and expand their business propositions in order to be more competitive.

Working more closely and proactively with a professional IFA can provide a very simple but effective solution to this problem.

Given the overlap between many areas of tax, legal and financial advice, a number of firms have seen the potential for Accountants, Solicitors and Independent Financial Advisers to work together to leverage each other’s client relationships. It provides those clients with a more holistic, joined-up and value-added approach to advice, and at the same time resolves the challenges of retaining existing clients and finding a source of new clients.

If you would like to find out how Money Advice & Planning can add value to your business and your client relationships, please visit us at www.mapfinances.co.uk and use the contact form. Alternatively, call your local MAP adviser at a time which suits you.

The material is for general information only and does not constitute investment, tax, legal or other form of advice. You should not rely on this information to make (or refrain from making) any decisions. Links to external sites are for information only and do not constitute endorsement. Always obtain independent professional advice for your own particular situation. Money Advice & Planning Ltd is authorised and regulated by the Financial Conduct Authority.

Bymapfinancesadmin

Why getting the right advice is so important

Speak to a financial adviser who can help youEstablishing a relationship with an Independent Financial Adviser (IFA) you can trust to handle all of your financial needs is critical to achieving your financial goals. Not all Financial Advisers are the same, so you must beware!

The two main types of financial adviser are those who are independent and those who are not. All advisers must tell you what services they offer from the outset. To be called an Independent Financial Adviser, they must be able to offer a broad range of retail investment products, and give consumers unbiased advice based on a comprehensive analysis of the market.

Restricted or tied advisers on the other hand can only recommend certain types of investment products or products from a limited number of providers (possibly only one if tied). It is important to establish at the outset what type of advice an adviser can offer, to ensure you get the best investment(s) to suit your needs and requirements.

All advisers must be properly qualified to give financial advice and hold the Diploma in Financial Planning, or an equivalent qualification. Advisers must also prove that their knowledge is up-to -date through continual professional development (CPD).

Some types of advice require an adviser to have specialist qualifications – pension transfers and equity release for example. Any companies offering these services should have advisers within their ranks who are suitably qualified to provide advice in these areas.

Advisers must also be transparent in the fees they charge for both initial and ongoing advice and services.

As a valued client of Money Advice & Planning Ltd you can rest assured in the services we offer:

  • Non-restricted advice and planning – no matter what financial advice and products you need, we can help.
  • Face-to-face advice from UK-wide trusted advisers – irrespective of where you are in the UK, one of our advisers will be happy to meet you and discuss matters face-to-face.
  • Fees structured to suit requirements – financial advice should never take on a ‘one size fits all’ approach and our fees will be structured and mutually agreed to suit your needs.
  • Tailored service packages – we don’t believe in one-off financial advice and have several service packages available, so your financial affairs are reviewed throughout your journey with MAP.
  • Whole of market non-discretionary investments – our bespoke investment strategy will cater for your needs and requirements, and give you an investment right for you.
  • Quarterly investment reviews – our proactive analysis of fund performance ensures you are always invested in the best areas to suit your attitudes to risk.
  • Recommended funds – we invest using recommended fund lists, which have been tried and tested to deliver successful returns for our clients.
  • Transparency and peace of mind – clients have 24/7 access to their investments through the MAP portal, so they always know how their investment is performing.

Perhaps most importantly of all, we come tried and tested. Read the reviews of just one of our advisers and see for yourself.

The material is for general information only and does not constitute investment, tax, legal or other form of advice. You should not rely on this information to make (or refrain from making) any decisions. Links to external sites are for information only and do not constitute endorsement. Always obtain independent professional advice for your own particular situation. Money Advice & Planning Ltd is authorised and regulated by the Financial Conduct Authority.

Bymapfinancesadmin

Insurance & Protection

Protecting you and your loved onesSometimes life can take a turn for the unexpected. Whatever circumstances life throws at you or your loved ones, make sure you are protected and therefore able to deal with them.

There are various types of protection policy available; each with a different purpose. To decide what insurance to put in place, each person must decide what they value enough to want/need to protect, and also what they can afford.

Never underestimate the importance of such plans because of the consequences of going without them:

  • Could you live without the financial support your loved ones provide, or vice versa?
  • Could you afford to raise children or pay a mortgage plus the regular bills without any income coming into the household?
  • Could you afford the funeral costs of a loved one if they were to pass away suddenly?

Simple everyday things should not be taken for granted. Otherwise they could quickly become unaffordable and no longer everyday.

MAP can provide peace of mind for you and your family through affordable insurance.

Protection plans come in many shapes and sizes. There is normally an affordable plan to suit everyone. MAP’s job as independent financial advisers is to review clients’ circumstances and recommend what plans are most suitable, or check existing ones are sufficient. We can search the entire market to find the insurance best suiting your needs, and at the most affordable price.

We also understand people’s circumstances change through time, which has a knock-on effect to their financial requirements. Existing policies need reviewed through time – some could get modified, others added to, and some cancelled. Also, the cheapest option for someone could be different from one day to the next. For these reasons, we regularly review client’s insurance, to ensure they remain adequate at all times and as affordable as possible.


For more information, click on the most suitable link:

Life Insurance
Critical Illness Cover
Mortgage Protection
Whole of Life Cover
Income Protection Insurance
Private Medical Insurance

Bymapfinancesadmin

Our Services

Our services and why they can helpIrrespective of what you need to speak to a financial adviser about, MAP will be able to find the best solution(s) to meet your needs. We are fully independent meaning we can advise you on any of the following, taking into consideration your attitude to risk and all options available in the marketplace:

Any and all of these solutions can be provided to you through sound financial planning. By this, we mean structuring a personal financial plan after getting to know you and understanding your goals.

Furthermore, we will stay with you throughout your financial journey, for as long as you need us. Our regular review service will ensure your finances stay on track and continue to reflect what you need, want and expect.

Whatever advice you need for your financial journey, talk to MAP.

Bymapfinancesadmin

Your Goals

Getting your finances right can help you achieve your goalsOur client’s goals are what drive us to do our utmost for them. Your financial goals will become our targets.

We understand that for any and all aspects of your finances, a number of factors are important. Good advice at both the outset and on an ongoing basis, careful planning and successful investing will help you and indeed your money reach your financial goals.

Our approach has been tailored over many years of looking after client’s wealth, and has been structured to suit their needs and service requirements. We do the total opposite of a ‘one size fits all’ approach.

The values we bring as a financial adviser to any client are:

  • Quality – differentiating ourselves from competitors by delivering quality in everything we do;
  • Ownership – dealing with clients finances as if they were our own;
  • Expectation – exceeding client expectations by going above and beyond what was hoped for;
  • Trust – building trust with clients which lasts a lifetime; and
  • Transparency – being open, honest and clear in everything we do.

Our clients choose their financial destination and we MAP out the journey for them.

Bymapfinancesadmin

Why Choose Us

We will find the answers to your financial questionsThere are many reasons to choose MAP for independent financial advice:

  • Non-restricted advice and planning – no matter what financial advice and products you need, we can help.
  • Face-to-face advice from UK-wide trusted advisers – irrespective of where you are in the UK, one of our advisers will be happy to meet you and discuss matters face-to-face.
  • Fees structured to suit requirements – financial advice should never take on a ‘one size fits all’ approach and our fees will be structured and mutually agreed to suit your needs.
  • Tailored service packages – we don’t believe in one-off financial advice and have several service packages available, so your financial affairs are reviewed throughout your journey with MAP.
  • Whole of market non-discretionary investments – our bespoke investment strategy will cater for your needs and requirements, and give you an investment that’s right for you.
  • Quarterly investment reviews – our proactive analysis of fund performance ensures you are always invested in the best areas to suit your attitudes to risk.
  • Recommended funds – we invest using recommended fund lists, which have been tried and tested to deliver successful returns for our clients.
  • Transparency and peace of mind – clients have 24/7 access to their investments through the MAP portal.

Perhaps most importantly of all, we come tried and tested – read the reviews of just one of our advisers and see for yourself.

Wherever you are on your financial journey, let us provide the MAP to your desired destination.