Afternoon
Looking for a STEP member who is an expert on all areas of Inheritance - Will/Trust/Investment advice.
This will save me from approaching different advisors.
I can give my personal email.
Thanks Bimal
nb. there will be few people who are both experts in wills/trusts/succession/tax AND also regulated to give investment advice.
Financial planning and estate planning (especially when it involves complex trusts, succession strategies, or cross-border issues) require distinct expertise, different regulatory oversight, and often different professional qualifications.
A financial adviser focuses on wealth accumulation, investment management, tax efficiency, and retirement planning. Meanwhile, a STEP-qualified solicitor specializes in legal structures, trusts, wills, and estate administration.
Trying to find one person who excels at both is unrealistic. An adviser and solicitor who work collaboratively will ensure that you end up with a strategy that is both tax-efficient and legally watertight.
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In 1986 with Big Bang I and some of my partners suddenly realised that we had been financial advisers for years. Like the Binmen who became refuse disposal technicians.So four of us became directors of a new regulated company offering authorised and (supposedly) regulated advice to the firm’s clients and the world. And so began the insane multicoloured projects to protect incorrigibly gullible consumers from crooks by means of box ticking for invigilating penpushers, at enormous cost neatly shifted to us advisers.
Then we hapless unpaid gatekeepers got AML from the sinister global superquango, the Fatuous Action Task Force (for KYC I asked potential clients to provide used toilet paper like a Greek hotel). Eventually there arose from the sulphurous Pit the Minotaur that is the SRA, now with the power (yet unused) to levy unlimited fines on iniquitous box mis-tickers, despite no resultant loss to any client. Yet the crooks still find their way into and around the system and surely rubbed their hands with glee when the Cube invented the ABS. Practising solicitors now fund outright crooks whom the SRA only catch after the event, so as involuntary insurers of last resort to Joe Public. No certificate, no livelihood. Plus PI cover at excessive cost from the few cartels still in the marketplace. Who are the real mugs needing protection here?
If an auditor is prepared to let a client company classify a chunk of receivables as cash, or carry forward sunk expenditure on the B/S with a nil NRV, if a household name whizz kid can run a investment fund with no liquidity, or working names at Lloyds could operate the PCW Ponzi scheme, no amount of box ticking will work to catch such crooks because, surprise surprise, they know how to tick the boxes.
Jack Harper
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Where is your client based? If in the UK, I & firm I work for meet your criteria.
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Hi Richard…in UK. It’s basically my parents. Are you able to call me on 07904-093302. Many thanks. Bimal