Our financial services consultancy and “The Wealth Check”

One of the most important recent events in Elman Wall’s development is partnering with Adrian Ware and forming Cavendish Ware Limited. Cavendish Ware are independent financial consultants authorised and regulated by the Financial Services Authority.

With 20 years experience in Financial Services latterly as director of financial planning with Kleinwort Benson Private Bank, Adrian, together with his team, has a wealth of expertise, as well as the same enthusiasm and commitment to service, that Elman Wall has.

Having known Adrian since 1990, it was an easy decision to join forces with him and provide a dedicated, in-house financial planning consultancy best able to serve Elman Wall’s clients.

A summary of the extensive range of services and products that Cavendish Ware offer their clients is shown on the following pages.

All Elman Wall clients are invited to have a complimentary “Wealth Check” with Adrian or one of Cavendish Ware’s qualified advisors.

This is a one-hour consultation designed to assess “what you have got and what you haven’t got” with respect to key financial planning needs and will provide you with a summary of recommendations.

To give you a brief insight, here are a few quick questions that should raise your anxiety levels!

If you have one pension, or several pensions, do you know how the individual funds they are invested in have performed? When was the last time you reviewed these? – Pensions have had a bad press in recent years but as tax efficient wrappers, they offer excellent opportunities. However, investments within the pensions have often been poorly chosen or are no longer performing well.

Do you have a will? If so when was the last time you reviewed it?   Does it meet your current wishes?

If you had a serious accident tomorrow, what would be the effect on your family if you either died or couldn’t work for six months?

Russell Eisen, or a member of his tax team is also heavily involved in the “Wealth Check” as there are so many complementary aspects to be considered.

In order to arrange your complimentary Wealth Check, please call either your usual Elman Wall contact on 0207 493 9595 or Cavendish Ware on 0207 493 6363. http://www.cavendishware.co.uk/

What Cavendish Ware can do for you

Cavendish Ware provides independent financial planning advice that is designed to create a framework from which an individual’s financial objectives can be achieved. By working in tandem with the Elman Wall Tax Team and the Elman Wall Directors, we can advise you on:

Whether it be family, loan or business related, or as part of an estate planning exercise, Cavendish Ware can advise on the most suitable and effective vehicles for life assurance, critical illness, income replacement and private medical insurance, identify the most appropriate levels of cover and ensures that you are paying competitive premiums.

This incorporates advice on and the creation of bespoke tax mitigation arrangements for clients, covering income, capital gains and inheritance tax.

Both maximising the tax advantages and investment returns of existing arrangements through our pension review service, and providing advice on the establishment of suitable new vehicles for individuals, directors and their companies.

Cavendish Ware are market leaders in the area of SIPP’s (Self Invested Personal Pensions) including property purchases and sophisticated investment portfolios.

Cavendish Ware advises on the most suitable method of holding and structuring investments, including pension assets, to achieve the most efficient mix of risk and return that is specific to each client and their objectives, and then reviews this strategy, re-balancing where necessary, to ensure it is maintained.

How best to take retirement benefits, to maximise income in retirement from existing pension arrangements together with other assets, and identify and achieve objectives including tax efficiency, security, death benefits for beneficiaries, flexibility and control of assets.

Advice on the tax efficient use of trusts and wills to ensure your wealth can be effectively passed down to your beneficiaries in the way you would like.

Cavendish Ware can advise on the most advantageous arrangements for purchases, re-mortgages and buy-to-lets, as well as establishing the most suitable repayment method.

Cavendish Ware advises on both establishing new employee benefit schemes and reviewing existing arrangements. We will help employers identify their core objectives, and structure and administer their schemes to ensure these are achieved, and assist in improving communication of the benefits being provided. The areas covered include:

Pension Schemes

Life Assurance Schemes

Long Term Disability

Private Medical Insurance

Critical Illness Schemes

Share Option Schemes

• Small Self- Administered Schemes (SSAS), including Property Purchase
• Unapproved Life assurance schemes
• Share Option Schemes

Cavendish Ware advises on the best methods of:

• Ensuring that those inheriting shares on the death of a shareholder or partner have a ready market place for their shares, which means a purchaser who is both willing and able to buy the deceased’s shareholding, and
• Ensuring that the other shareholders in the company can minimise the risk of losing control of the company.

Cavendish Ware can help corporate clients to:

• Identify any personnel whose loss would be financially detrimental.
• Evaluate the financial implications of that loss.
• Reduce the reliance on that individual through strategic planning
• Insure the individuals concerned in a tailored, highly competitive structure.

In conjunction with the Elman Wall Tax Team, Cavendish Ware can:

• Structure remuneration extraction in the most tax efficient methods possible
• Review income, capital gains and inheritance tax issues for senior directors
• Assist in exit planning strategies
• Advise on the best structure for holding investments within the business
• Provide advice on the best cash deposit rates available.

For further Information please call either your usual Elman Wall contact on 0207 493 9595 or Cavendish Ware on 0207 493 6363. Visit the website at http://www.cavendishware.co.uk/

Elman Wall Limited is not authorised under the Financial Services and Markets Act 2000 but we are able in certain circumstances to offer a limited range of investment services to clients because we are members of the Institute of Chartered Accountants in England and Wales. We can provide these investment services if they are an incidental part of the professional services we have been engaged to provide.

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