We outline our fixed-fee financial planning service below. The cost for the service is £2,400 and is targeted at working professionals who have household annual income in excess of £200,000 and who spend less than they earn. Usually, though not always, it is most beneficial for people who already own their primary residence.

The article is not intended to be financial advice specific to your unique circumstances although we do, of course, provide such advice to our clients.

What the Financial MOT includes

  • Establishing your financial priorities such as paying for school fees and saving for retirement
  • A holistic cashflow plan that addresses those priorities. For example, we might help you determine how much you need to save today in order to support your children’s education. At the same time, we might help you determine what your retirement income could be based on your current and/or higher/lower pension contributions.
  • Advice concerning: ISAs, Lifetime ISAs, Junior ISAs, pension contributions and pension investments as well as other tax efficient ‘wrappers’.
  • Essentially we answer the question: “What should I be doing with my savings?”
  • We also address any ‘protection’ requirements like life or critical illness insurance
  • The result is a full financial plan that is tailored to your unique circumstance

The service includes 12 months of follow-up support; it is most certainly not a case of us giving you a report and walking away. We are here for at least a year to answer any follow up questions you have – and longer if you choose to stay with us as a client on an ongoing basis.

What can be included in the plan but incurs additional fees for implementation:​

  • Portfolio Bonds – Onshore and Offshore
  • EIS Investments
  • Pension Transfers, e.g. transferring a workplace pension to a SIPP
    ​

The above is not an exhaustive list of everything that is included and excluded but it covers the most commonly relevant areas.

Case Studies

Husband + Wife with 2 young children

Both were high-earners with combined household annual income of £275,000. They owned the house in which they lived. The household was saving £5,000 per month. Our plan included:

  • Discussing the pros and cons of ‘paying down the mortgage’, allowing the couple to make an informed decision on whether to do so.
  • £20,000 each per year into a Stocks and Shares ISA that was earmarked for secondary school fees.
  • Partial contributions were made to each of the children’s Junior ISAs; these funds were earmarked to help with the children’s post-secondary education.
  • The wife’s pension contribution was increased to take advantage of her employer’s generous pension matching policy, effectively doubling the value of her pension contributions.
  • The investments within both the husband and the wife’s workplace pensions were altered to suit their long-term investment horizon (the default option in many pension schemes is sub-optimal and the long-term cost of this for the client is often greatly under appreciated).

Single 35-year old Adult earning in excess of £300,000 per year

Client owned the flat in which they lived. Financial objectives were fairly indeterminate but they knew that they should be doing something sensible with the £8,000 per month that they were able to save. Our plan included:

  • Discussing the pros and cons of investing in a ‘buy to let’ flat.
  • £16,000 each year into a Stocks and Shares ISA.
  • £4,000 into a Lifetime ISA that is topped up by 20% by the Government (though the money cannot be withdrawn without penalty under age 60).
  • Changing the investments within the client’s workplace pension as the investments.
  • Advising on and arranging for Enterprise Investment Scheme investments that were appropriate given their risk tolerance and reduced their income tax burden.

Testimonials, Media and Awards

We are extremely proud of the work we have done with clients since our inception in 2017. Some of our client’s testimonials can be found here. We can also arrange for you to speak to an existing client before committing to work with us, if you so wish.

Our work with higher-earning professionals has been featured in The Telegraph and our Director of Wealth Management, Scott Tindle, has discussed our work on a podcast with Professional Adviser which you can listen to via SoundCloud here.

TindleWealth was shortlisted in 2020 for Portfolio Advisers’ Wealth Manager Rising Star Award.

Can we help you?

Our financial planning service is most likely to be great value when the following conditions are met:

  • The household income is in excess of £200,000 per year
  • The household is generating excess savings, i.e. earning more than they spend
  • The prospective client already owns their primary residence (although this is not always necessary; it depends on the objectives of the client)

If the above conditions are met and the prospective client is not already working with a financial adviser then it is very likely that we will earn back our £2,400 fee by saving the client tax either immediately or in future years via tax-efficient investing.