Mr and Mrs M - the crash of 2008
In mid-2007, Mr and Mrs M were referred to us by other clients of Jonathan Davis Wealth Management. They were approaching retirement with the bulk of their pensions and investments in Managed Funds.
They explained they had been burnt before by slick salespeople. They had a sizable amount in a portfolio. Immediately, we advised to move the invested portfolio to have much more cash, as we expected a bear (falling) market for shares. We were right! We saved them from a sizable fall in their capital.
We also mitigated Inheritance Tax and Capital Gains Taxes.
We established a new portfolio and we have been advising on it since then.
We review their affairs regularly.
They had felt very vulnerable. Now they tell us they don’t worry about money.
Retired, successful entrepreneurs
An elderly couple – they had, some years before, sold their business and retired. They came to us, via their solicitors, with a complex, high value portfolio of many different arrangements. They had more than enough for their needs and wanted to make sure that:
a) They were optimising their affairs
b) They continued to have a luxurious retirement
c) They would pass on wealth to their children and grandchildren.
First, we analysed, in-depth, what they had. They hadn’t quite understood what their own financial arrangements comprised. We established a bespoke investment portfolio. We significantly simplified, and tax improved, their arrangements.
We mitigated IHT yet ensured they retained good access to their funds. They didn’t know you could do that. Nor did their solicitor!
We then arranged and chaired Family Conferences where we and they could explain how their affairs were now established and what the children could expect over the years. These conferences occur every few years so that everyone is comfortable with the long term arrangements of all the families.