Wealth management for your legal practice

Wealth management for fiduciaries 1
Wealth management for fiduciaries 2

financial advice

We work closely with fiduciaries and legal practices to help them give the best possible advice to their clients.

 With our STEP qualification and accredited membership of The Society of Later Life Advisers (SOLLA), we are ideally placed to work alongside you to make sure that the finances of your vulnerable clients are properly protected, and assisting in complex financial planning areas.

Wealth management for fiduciaries 3
Wealth management for fiduciaries 4
Wealth management for fiduciaries 5
Wealth management for fiduciaries 6
PFS Awards
Wealth management for fiduciaries 7

Unique Offer for Fiduciaries

Free Indicative Calculator & Meeting Guide

Are  your clients getting the best investment advice?

Use our indicative calculator to receive a free guide to keeping an eye on your clients’ investment advice.

Your guide includes benchmark fees and costs for a range of potential investment strategies typically used by professional attorneys, deputies and trustees. It’s the ideal reference guide to help you ask the right questions and decide whether your client is getting value for money.

 

READ MORE

For You and your team

 

You can use this calculator for every individual client, helping you to get a quick idea of standard charges based on your client’s portfolio amounts. This gives you a great starting point for reviewing investment advice and its cost.

Whether you have an investment review scheduled, have just completed a review, or would like the opportunity to reassure yourself that your clients are getting the most from investment advice, our free guide can help you make sure everything’s in order.

Ask the right questions

We know that professional solicitors and accountants are busy and need to be able to get straight to the point when it comes to protecting client interests.

This free guide includes a detailed checklist, helping you to understand the rationale and direction behind the investment recommendations for each individual client. Having this checklist on file means you can show that you have been asking the right questions of the investment adviser, protecting your client’s interests every step of the way.

It will also help you to see whether the fees and costs incurred by your client are reasonable or whether you could get better value advice that works for your client’s specific circumstances and needs.

Informed change

By asking the right questions of your clients’ investment adviser, you can begin to see where there may be gaps in knowledge or advice. This helps you to fulfil your responsibilities as a fiduciary and enables you to show clearly that you are proactively working with your client’s other advisers to protect their best interests.

Once you complete the calculator, your personalised guide will be emailed straight to you. It will include a benchmarking table for fees and charges, a checklist to use with your clients’ financial advisers to make sure they’re doing the best job, a guide to investment styles, considerations for financial planning and details of our dedicated fiduciary services.

Need further helps and advice?

We offer a range of services designed specifically for fiduciaries. Ask us about our Initial Appraisal Report – a personalised factual report that analyses the risk, and benchmarks the cost and performance of your client’s existing investments against the solutions researched by us from across the whole of the market.

We can also provide an Initial Suitability Report, which is a fully-detailed financial analysis, including a cashflow plan and formal recommendations. Investments are selected from the whole of the market on an advisory or discretionary service, to meet your client’s needs.

 

 

 

Initial Appraisal Report

We can run a straightforward, affordable analysis of the risk profile, performance and charges of your client’s existing investments to give you an idea of how well they are really working for your client.

Based on this analysis, which uses the whole of the market to give a clear indication of where the finances currently sit, professional advisers can benchmark investment performance. If it’s unsatisfactory based on our findings, you can talk to us about how we can help your client with future planning.

Wealth management for fiduciaries 8

Testimonials

“Professional deputies and attorneys would definitely benefit from real time financial data and reports available from Seb’s app. It helps with preparation of the deputyship accounts and picking up any unusual transactions.”

Caroline Bielanska
Solicitor

Testimonials

“I have worked with Seb for over 8 years to advise and assist a range of clients from those with catastrophic injuries, to individuals in later life with significant capital assets. Seb has a natural understanding of the needs and best interests of vulnerable clients. He draws together and fits in extremely well with teams of professionals to provide high quality advice to clients.

Switchfoot Wealth utilises modern technology to explain in simple terms complex planning issues, helping clients of all abilities to understand their financial position and the potential impact of their decisions. Their financial planning portal enables real time updates to clients’ finances so they can instantly check their overall position and attorneys can keep a close eye on the donor’s expenditure.

Switchfoot Wealth is an essential partner for any attorney or Deputy to ensure they comply with their duties and act in the very best interests of the vulnerable individual.”

Stewart Stretton-Hill TEP
Senior Associate
Irwin Mitchell

Wealth management for fiduciaries 9

we support in the following ways:

 

Financial Safeguarding – we use bespoke technology, Switchfoot Teams, allowing attorneys and other advisers to monitor bank accounts and investments, access or view key documents and spot any issues quickly and easily.

Professional Attorneys, Deputies, Trustees can work with us to make sure they meet their legal responsibilities in terms of investment and reporting.

Supporting lay Attorneys, Deputies, Trustees – these people often have no legal or financial background and are suddenly in the position of having to manage finances for a loved one. We can join legal representatives in supporting these people openly and clearly.

Switchfoot cashflow planning for legal advisers. Good cashflow planning is a necessary part of long-term investment planning and financial management. We can help build sensible cashflow plans that inform your advice.

Working ethically and ensuring we are up-to-date with latest advice, regulation and rules means you can rely on us as a key partner at any point in your work with clients.

WORKING WITH ATTORNEYS AND OTHER SAFEGUARDING ROLES

As a fully independent firm, we work with the whole of the market, and understand the needs and responsibilities of attorneys, Court-appointed Deputies, Trustees and appointed safeguarders to manage the day-to-day finances and investments of their clients to ensure transparency and reduce the potential for fraud.

Active Cash Management – For Attorneys, Deputies & Trustees

Attorneys, deputies and trustees will often find themselves managing large cash deposits. Whether you are following the short-term
codes or administering the cash for a particular purpose, there are some core principles that should be followed:

Diversification and FSCS protection: As far as possible, cash should be diversified across multiple banks to ensure that the investor
obtains maximum protection from the Financial Services Compensation Scheme.

Managing Default Risk: For deposits over the FSCS Compensation Scheme limit, fiduciaries should agree a policy to manage the risk
of a bank defaulting and deposits being lost. This policy should be written and reviewed regularly. Client money should be managed in
line with the policy.

Maximising interest: Within the context of appropriate risk controls, you should seek the best available interest rates.

Switchfoot Wealth has partnered with Insignis Cash Solutions.  A single application form is all that is needed and Insignis can use this to arrange deposit accounts with over 30 different banks, spreading your FSCS protection and managing the complex administration on your behalf.

Meet our team

Accredited wealth planning experts

Wealth management for fiduciaries 10

Contact

Contact Us

SwitchFoot Wealth Limited is able to advise on:

  • Life Insurance/Protection
  • Investment Advice
  • Pensions and Retirement Planning
  • Corporate Financial Advice
  • Estate Planning*

The Financial Conduct Authority does not regulate estate planning.

 

Email

info@switchfootwealth.co.uk

Phone

01252 938440

We take your privacy seriously.  Personal information submitted to us with this form will be treated in accordance with the Data Protection Act 2018 and General Data Protection Regulations ‘GDPR’.  By submitting this enquiry form you expressly consent to be contacted without prior notice or arrangement by using the contact details you have provided on the form.  For further information on how we treat your personal information, please view our Privacy Notice.

SwitchFoot Wealth Limited is an appointed representative of Sense Network Limited which is authorised and regulated by the Financial Conduct Authority. SwitchFoot Wealth Limited is entered on the Financial Services register (www.fca.org.uk/register) under reference number 808196.
Registered Address: 28 Upper Hale Road, Farnham, Surrey, GU9 0NS. Registered in England & Wales No.: 11220173.
The information contained within this website is subject to the UK regulatory regime and therefore restricted to consumers based in the UK.

The Financial Ombudsman Service is available to sort out individual complaints that clients and financial services business aren’t able to resolve themselves. To contact the Financial Ombudsman Service, please visit www.financial-ombudsman.org.uk.