Personal financial planning is one of the key services which we have identified as being crucial to a successful and proactive chartered accountancy practice of the future. By providing access to this service, we can provide our clients with the more rounded assessment of how they can achieve their life goals of increasing wealth, making better investments, securing their business future, the future of their family, early retirement, and exit strategies. 

Personal financial planning can involve pension advice, mortgages, critical illness, life policies, key person insurance, amongst other areas of regulated sector advice. This planning, coupled with strong business advice, and strong tax advice, compliments the whole package of advice provided to the client.

In order that we can support our clients in this sector, Anthony Marshall is also the director of finance in an independent firm of wealth and investment managers located close to our own offices, which can bridge this gap into the regulated financial services sector for our own clients. Whilst we are regulated by the Institute of Chartered Accountants in England & Wales for a range of investment business activities, we are not regulated under the Financial Conduct Authority regulations.

If, during the provision of professional services to our clients, they need advice on investments , then we may have to refer the client on to someone who is authorised by the Financial Conduct Authority, as we as a firm are not. However, as we are licenced by the Institute of Chartered Accountants in England & Wales, we may be able to provide certain investment services where these are complimentary to, or arise out of, the professional services we provide to our clients. Such services include those referred to above, such as pension advice, mortgage advice, critical illness, life insurance, investment advice both corporate and personal, and key person insurance.

After we have introduced our clients to an independent advisor company, in the unlikely event that we could not meet our own liabilities to our clients, then they may be able to claim compensation under the Chartered Accountants Compensation Scheme.