Before you engage a financial planner, it’s usually advisable to have a list of questions you should ask them. This will help you understand the service they will provide. It will also help you to compare the services between different advisory of financial planning practices.
Here is a list of some of the questions you should ask.
Although we have clients located throughout the UK, the majority are based in and around the Bristol area. A typical client will usually have more than one financial planning issues they would like to resolve, such as retirement, investment, and tax planning. Most of our clients are over the age of 45, business owners or senior executives in large organisations and have at least £250 000 of investible assets.
Frequently our clients have children and want to consider intergenerational planning. Our expertise allows us to help clients that have multiple financial planning issues.
We specialise in the below areas:
At Consilium Asset Management, we make the client’s goals our own. Whether a client has one objective or five, we will always do our utmost to ensure they achieve every single one. With the vast experience of our adviser, we are well equipped to assist with a variety of objectives that a client may have.
As a business, we are always seeking to make the best use of the latest technology available so that the client receives the maximum benefit. As part of our back-office system, we have a client portal that allows clients to track the performance of their portfolios, including that of individual holdings. From here, clients can also view documents, link their bank accounts to review spending habits, and contact us via secure messaging.
We also encourage the use of platforms and have several preferred platforms for our clients to use. On these, clients can easily login and see their latest portfolio valuations.
Choose Consilium Asset Management to construct a clever plan tailored for you. Speak with financial advisors who care about your future and listen to your desires.
We are a small team with one main adviser, Graham Bond, and an administrator/paraplanner who works closely with Graham. Leo, our administrator, will deal with some general queries, but any meetings and reviews will be with Graham.
We provide all clients with reviews at least annually, and this may be either face to face or over a video call. We are happy to arrange ad-hoc meetings if you have a change in circumstances or wish to discuss specific aspects of your financial plan.
As part of our service, we give you access to the Personal Finance Portal, which will show you the latest value of your investments and most valuations are updated daily.
You will receive quarterly investment update reports from us, which will include a breakdown of your investment performance, along with a more general update on the latest market conditions.
The investments you hold with us will be regularly rebalanced so that they constantly align with your attitude to risk. We feel this is very important as clients should not be taking risk than they are comfortable with.
We charge clients in the form of a fixed fee, which comes in two parts – the initial fee and the ongoing fee. The amount depends on the complexity of the advice being given. This charging structure benefits those clients with a higher net worth as it results in a lower charge as a percentage of their overall investments.
As part of our free consultation with you, we would ask for your preferred method of communication and are happy to be flexible to meet your needs. Generally, we will contact our clients via email, phone, or using a secure messaging service for more sensitive data.
We are happy to hold face to face meetings with our clients, usually at our office. However, if you would prefer, we can also accommodate video calls if you feel safer this way.
Client reviews are carried out at least annually, depending on the complexity of the advice being given. Further reviews are scheduled if you alert us to a change in circumstances.
Most our our clients are business owners based in the Bristol area. Our proven lifestyle financial planning service has helped many of our clients.
If you are a business owner or senior executive why not contact us us for a no olbligation discussion.
Our administrator will schedule annual review meetings once they are due. For ad-hoc meetings, these may be required when there is a change in your circumstances.
Once we are made aware of this change, we will arrange a suitable time to review your new situation.
We are registered by the Financial Conduct Authority. The permissions we have mean we do not handle clients’ money, except for the fees we may charge.
Any investments or pensions we might advise you on will be direct with product providers. We also have plans in place so that if your adviser cannot continue providing advice to you, an alternative adviser will be appointed to help you.
We have produced two example reports to show you upon request.
One shows a Cashflow Planning report, which details the income, expenditure, pensions and saving pots of an example customer. The software then uses this data to create future Cashflow projections.
Cash flow planning is an effective tool that we offer as part of our service and allows clients to regularly ensure they are on track to meet their targets and maintain their living standards moving forward.
The second report is a Suitability Letter very similar to one that you would receive from us. It has been created for an example client who wishes to start a new General Investment Account and contribute to their current ISA.
Please get in touch with us if you would like to see these, and we will be happy to assist.
Why not contact us for a no obiligation initial discussion