Spofforths Financial Planning Limited
Spofforths Financial Planning Limited is Authorised and Regulated by the Financial Services Authority. We are an unbiased, independent financial adviser. Our advisers are highly qualified and most hold the Diploma in Financial Planning - the standard required is higher than within the financial services industry as a whole. Our initial client advisory meeting is free of charge thereafter clients can work with us on a fee basis and can use the commissions payable by product providers to pay part or all of our fee. Please see our Investment brochure for more details on the service and products we provide.
Our financial services division acts as an independent financial adviser. This means that we put service first, and then only recommend those products which offer the best value from those available in the market.
The quality of our work is also audited by the Financial Services Authority, which requires us to have a higher level of qualifications than the typical financial adviser; it also means that we must ensure that our knowledge is continuously updated by regular training.
the advisory process
general financial counselling
We will look at your current position, agree objectives with you, assess your view of investment risk and recommend solutions for you.
advice on one issue
We can advise you about just one area – for instance, retirement planning. We will use a similar process to general financial counselling but will focus on the one issue.
impartial research
Our recommendations are driven by independent research, using sophisticated databases and comparison systems which allow us to objectively select the most competitive plan for each individual’s circumstances. Each individual’s circumstances are different and we have recommended more than 50 different investment, life and pension companies to our clients in the last 12 months. We use the following systems as well as buying independent research prepared by the UK's largest network of financial advisers:
ExWeb, Standard & Poors, OBSR, Financial Express, Trustnet – and we subscribe to most industry publications.
paying us
The first meeting is provided at no charge. At that meeting, we agree what services are to be provided. We usually agree a fixed price for each service offered and give you the choice of how to pay us. Where commission is available to us as a result of the implementation of an investment, pension or insurance policy, you can choose to use this commission to pay part or all of our fee. Where the commission available exceeds the fee, the surplus can be re-invested on your behalf.
We will usually set a cost for each job we carry out. Our costs can be met by the payment of a fee or commissions. We will help you decide which is most suitable (this can depend on your tax position). Where we receive commissions, we always agree the amount payable in advance with you and declare the amount payable prior to your proceeding. When the commission payable exceeds the amount agreed, we will either make a refund to you of the surplus commission or reduce the charges payable under the contract. When we work for a fee, we will either make a refund to you of the surplus or reduce the charges payable under the contract.
For more details contact :-
Philip Wise, CFP
Managing Director
Spofforths Financial Planning Limited
18 Old Mill Square, Storrington, West Sussex
Phone : 01903 743 856
Email : philipwise@spofforths.co.uk
are you confused by your pensions? do you know what your pensions are worth?
If you are, you can at least be sure that you're not alone. This is what our clients are telling us:
"I want to know what my pensions are worth but I don't want to be sold another one"
"I'm putting plenty of money into my pensions, but I have no idea whether I will be able to afford to retire"
"I get eight pension statements a year, I understand none of them"
As a result we have developed a service for our clients which demystifies their pensions, allowing them to plan for the future.
You can find more information on our service here
You can find a sample of the completed report here
stakeholder pensions
Compliance with the stakeholder rules is monitored by the Pension's Regulator which has the power to fine companies up to £50,000 and has jailed a director for non-compliance with its existing rules. It is important also that you do not fall foul of the Data Protection Act or the Financial Services Act.
It is important that employers receive unbiased advice about whether they should make pension contributions for staff. Whilst pension contributions are often a good employee benefit, it is important to consider the cost and whether other employee benefits would be more effective. Spofforths will provide this advice.
Our Brochures:
Need a guide through the investment jungle
Who can you rely on to advise your trust