Redbourne Wealth Management has always had a strong relationship with the legal profession, which is further strengthened by our sponsorship and association with the Birmingham Law Society.
We have always felt the legal profession requires a certain type of financial planner to help meet their needs, professionally qualified, totally independent, impartial and flexible enough in their approach to meet the even changing demands of your legal career.
We have vast experience in helping lawyers plan throughout their career, and addressing their ever changing needs. Wealth management for lawyers often includes the following stages:
New joiners – starting out on your legal career the focus is often on establishing a solid foundation, saving for the future, seeking mortgage advice, helping protect your young family, joining your company pension scheme.
Promotion – and moving up the salary ladder, perhaps moving to a larger family home, saving for school fees, and looking more at tax efficient investing.
Partnership – the move from salary to equity Partner – and the various corporate legal tax structures used for law firms – often means the loss of employee benefits, such as death in service, critical illness, company pension scheme, and the need to replace these is an efficient and cost effective manner. There may also be a need for tax planning around personal assets and estate planning.
Preparing to retire – the run up to retirement can be daunting, with the realisation that your income may reduce and capital payments may be unknown. We can help with the use of cashflow modelling to project your income and assets in retirement, ensure you maximise pension tax relief whilst working, and help with estate planning around your pension funds.
In retirement – once in retirement we can ensure your income is both sustainable and reasonable, income and assets are tax efficient, and we can help work with your other professional adviser to ensure your estate planning is as effective as possible.
Find out more about wealth management for solicitors
Our advisers are specialists in providing financial advice for lawyers, we offer fee based independent advice and unique investment and pension solutions via our market leading investment platforms. We’ve offices in Shrewsbury, Shropshire and across the West Midlands so get in touch with us to talk about wealth management for solicitors and lawyers to arrange an initial meeting.
Just let us know how we can help you...
Don't just take our word for it!
“Redbourne has built up a reputation within the West Midlands as the IFA to turn to for more complex client work”