Simple, sound financial advice

Ready to be pleasantly surprised? Financial planning with Coutts doesn't have to take long or be complicated – and we've lowered our fees. It's a topic fraught with myths and misconceptions, but here you'll find the facts.

 

 

Simple, sound financial advice

Ready to be pleasantly surprised? Financial planning with Coutts doesn't have to take long or be complicated – and we've lowered our fees. It's a topic fraught with myths and misconceptions, but here you'll find the facts.

 

Don't know where to start? We do

There are fewer regrets in life when you and your loved ones have financial peace of mind – and we can help you plan before it’s too late, all for a simple, one-off advice fee. Let us sort out these three basics for you to get you started.

1. Write or update your will

A well thought-out, up-to-date will is the only way to ensure your money goes where you want after you die.

Your wealth is important to you. You almost certainly want to control what happens to it and who benefits when you’re gone. But without an up-to-date will, it may not go the way you want it to.

Our estate planning team provides a bespoke will writing service that covers the whole process.

 

2. sort your pension

Pensions can seem byzantine and scary. But they’re one of the best ways to invest for your retirement.

If you’ve got a host of different work-based or personal pensions, it could be worth bringing them together. Even if you don’t think you’ll need extra support when you’re older, it’s still worth making the most of your pension allowance.

Our specialists can come up with a pension plan now that helps set you up for the future.

 

3. protect your wealth

You insure your house, your car and your prized possessions. Why wouldn’t you insure the income that makes it all possible?

Protecting your income can be a very powerful way to achieve true peace of mind for you and your loved ones.

The likes of life assurance, income protection and critical illness cover could keep vital funds coming in should the unexpected happen – alleviating the pressure at a difficult time.

 

 

Advice and product fees may apply. The value of investments, and the income from them, can go down as well as up, and you may not recover the amount of your original investment.

What Next?

With the basics done, there are ways to take your wealth even further – for yourself, your loved ones and future generations. We think they’re well worth considering straight away, because every day you delay could mean missing out.

4. think about investing

An expertly managed, well-diversified portfolio or fund could help your wealth flourish over the long term.

Crucially, it could also keep the value of your money ahead of rising prices.

There are risks, and it may be something you’re nervous about taking on. But we think it warrants careful consideration.

 

5.  set up an isa

5.  set up an isa

ISAs are straightforward to set up and could be highly efficient in growing your wealth over time.

You can invest a certain amount each year and the returns are free from UK tax on interest, dividends and capital gains. Alternatively, you could set up a cash ISA.

You can set one up on our digital platform Coutts Invest in minutes, or speak to us about a cash ISA.

 

6. understand inheritance

6. understand inheritance

You no doubt want your loved ones to inherit as much of your wealth as possible when you die.

Our experts can help you properly understand inheritance, including inheritance tax, and plan for it.

They can cover the options available to you – from giving gifts to setting up trusts – so you can make informed decisions.

Advice fees apply. The value of investments, and the income from them, can go down as well as up, and you may not recover the amount of your original investment.

Tax reliefs referred to are those applying under current legislation which may change. The availability and value of any tax reliefs will depend on your individual circumstances.

Finances already in good shape?

…make sure they stay that way. There’s a lot you can do to ensure your wealth benefits future generations as much as it benefits you.

After all, family wealth often fades through the generations –  so much so that many cultures have a phrase for it. In English, it’s “clogs to clogs in three generations”. The Italians say “from stables to stars to stables”. And for the Japanese, “the third generation ruins the house”.

Whatever the language, we don’t think it has to be true. And that’s why we have a whole department dedicated to helping you stop it from happening.

It's called the Coutts Institute, and it specialises in:

Helping you pass your wealth on in the best way.

 

Guiding family discussions about wealth, helping you establish common goals and values.

 

Advising you on how to keep your family business in your family.

 

Supporting your philanthropy, whether you want to support an existing organisation or a charitable trust.

Great advice, great value

Want some help getting your finances in order but worried about expensive fees? Understandable. But at Coutts you pay a one-off, flat fee for financial planning or investment advice that could save you money.

This is unlike some other financial planning firms, who can charge ongoing advice fees.

What you'll pay

For financial planning

£5,000 plus VAT – however complex your financial planning requirements. That covers a range of services including  protecting your wealth, sorting your pension or structuring your finances tax-efficiently.

 

For investment advice

£2,000 plus VAT – you'll receive tailored advice on our fund and portfolio services, designed to help you grow your wealth over time.

The value of investments, and the income from them, can go down as well as up, and you may not recover the amount of your original investment.

Tax reliefs referred to are those applying under current legislation which may change. The availability and value of any tax reliefs will depend on your individual circumstances.

Meet the team

Our specialists bring a wealth of knowledge, know-how and experience to their roles helping our clients get their finances in the best possible shape.

Crucially, they are paid set salaries, and don’t receive any financial incentives to sell you anything. Their only interest is helping you and your family do what’s best for you.

Joseph Smith

Specialist Adviser

Why is financial planning important?

A good financial plan means our clients could retire when they plan to, with the right income and capital. Beyond this, it means they could grow their wealth and use it tax efficiently, and at the right time pass it on to the next generation. Also, if anything happens along the way, a good plan could make sure their family is taken care of.

What do you like about your job?

The best part is being able to spend time with clients and really understand what drives them, what’s important to them. A financial plan is important, but it only makes sense if you first understand what really matters to you and your family.

What’s your specialty?

I feel I’ve had the largest impact with clients in helping them understand and develop strategies around planning their inheritance, including inheritance tax.  This can seem a complex area, but there are a number of ways to plan for it. 

Chioma Patrick

Specialist Adviser

Why should our clients care about financial planning?

It helps people avoid ever saying ‘I wish I did that earlier’ or ‘I wish I’d known that before’. Regular reviews with a financial planning adviser help ensure that everything you can and should be doing with your wealth is discussed and properly thought through.

What do you like about your job?

I enjoy adding value to people’s lives. Hearing from clients that I’ve helped them – whether it’s improving their understanding of inheritance, including inheritance tax, or helping them claw back years of unused pension allowances – makes me feel very valuable indeed. It’s what I strive to do on a daily basis.

And your hobbies?

I absolutely love to travel. In 2019 I spent three weeks in Ethiopia, Tanzania and Kenya that involved trekking the Simien Mountains, a visit to the hottest place on earth in the Danakil Depression, a paradise stay in Zanzibar and a Safari in the Masai Mara.

Colin Jones

Specialist Adviser

Has financial planning changed much?

Over the past 20 years we have seen a complete shift in the industry becoming more accountable and reducing charges, not to mention the inevitable tinkering to financial legislation. Over the last few years I have been proud to see Coutts take a lead on transparency, simplification and cutting costs.

What do you like about your job?

Meeting people, getting to know them, helping them through the process. Financial planning gives people peace of mind. And, as many of our clients freely acknowledge, just because they’ve achieved great wealth doesn’t make them experts in their personal finances.

What do you do in your spare time?

I have been a Brighton fan since I was a kid and that has taken me through some joyous times, but also some very lean ones!

Tax reliefs referred to are those applying under current legislation which may change. The availability and value of any tax reliefs will depend on your individual circumstances.

your questions answered

Watch videos in which you’ll hear directly from our financial planning experts on a range of topics including inheritance tax, wills, buying your dream home, and pension planning.

 

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Already a client?

 

For more information about our services, please speak to your adviser or call 020 7957 2424.

Already a client?

 

For more information about our services, please speak to your adviser or call 020 7957 2424.

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