amarshall

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amarshall
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  • @Clare_Weight said: I love this thread too. I'll always remember Joe at the How Wow 'if you do one thing... apart from that other one thing'. I have done loads of work on rewriting our content into short sentences etc. Sent adviser a beau…
  • I can't offer you any help with this as I am in-house and pretty clueless about this sort of thing but I do wish you all the best! Andy
  • Thanks for the replies. I don't know very much on the case as its a new inquiry. What I do know is that it is a widow in her 80s who is releasing cash by downsizing. There is no imminent need to go into care (if there was, why downsize only to se…
  • Gill Sans MT 11
  • Hi @ParaP We do indeed use Enable & Fusion. My experience of them is mixed, I have to say. There are many great things about both beyond the obvious integrations; client portal, use of DFMs, low cost, wrapper choice etc etc. On the flip…
  • Thanks @Suse1969
  • Great find. Thanks @DanAtkinsonUK
  • @AndyRichards In theory, if the bond was over 20 years old and he'd never taken anything out, then using the 5% rule, he could take all the capital out and none of the growth. Assuming that is not the case, he can max his 5%s and take the rest as…
  • I had a very similar case recently where we considered taking back the full loan. Unfortunately for your client, it is not possible to take back the capital of the loan and leave the growth. It will create a chargeable event like any other bond s…
  • I found it a few months ago and did a major clean up. I was slightly hampered by how some of the portfolios had been set up so I've changed the default settings to make future cleaning easier (in theory!).
  • The loan was £1m and they need if not the whole lot, most of it back.
  • Not if his income has historically been below £110k and the present £150k is an aberration, surely? (which it has)
  • Thanks @benjaminfabi Perverse sums it up pretty well! Unfortunately, he doesn't have the cash to make a personal contribution. His business is however awash with cash. Its also his year end at the end of the month so he wanted to do the contri…
  • Great. Thanks @richardgough Either way its not pleasant on the tax front because taking back the original loan will take the client through the 60%/40%/45% tax rates!
  • @ParaP Enable is ok but it has a number of things that irritate me (easily done!). As mentioned above, I don't rate the activity/task system at all and time recording could not be any more hassle if they tried; its a truly appalling system! The c…
  • @ParaP I have no idea what a single site of XPlan means but as we were one office with only 9 users and the ability to do as you describe, we probably did! I disliked many, many things about XPlan but this particualr bit was fantastic. Enable doe…
  • I used XPlan in my previous role and this is the one aspect of it that I miss. One of the advisers was an IT wizard and set up a fantastic activity/task system whereby an activity was broken down into a number of sequential tasks with options to …
  • Very useful. As ever, thank you @benjaminfabi
  • Can be done from Enable too
  • @benjaminfabi said: I bet the client is more anti-tax than anti-bond @parawhat GIA in a discretionary loan trust is a nightmare for everyone except the taxman And the accountant "recommending" that they don't use a bond in favour o…
  • The Expert Pensions structured study plans for the April exams have already started so if you were to sign up, you'd need to catch up a little.
  • I'd forgotten about that bit of Vanguard research. They really have done some useful work haven't they. I'm writing a report at the moment where the adviser wants to phase the investment. I would prefer not to for all the reasons outlined above. …
  • I've just been sent a link for https://www.flagstoneim.com/wealth-advisers Does anyone actually use these services? They've always seemed like more hassle than they are worth but I'm now getting more and more involved in managing client cash s…
  • We have a separate risk report which is sent to clients and the suitability report covers investment experience, risk profile, capacity for loss and investment time horizon.
  • We concluded much the same; the time taken to maintain our own content within the Genovo or ATEB templates would be broadly similar to just doing it all ourselves. Also, doing it ourselves, we wouldn't have any additional external cost.
  • Simple curiosity I'm afraid. All tax calculations are under control
  • Of course @Rebecca_Tuck feel free to PM me if I can be of any further help
  • I'd construct a dummy portfolio in Analytics e.g. 50% FTSE All Share and 50% IBoxx UK Sterling All Maturities and then run max drawdown on that. You can choose whichever indices best reflect the the asset allocation you want to model. Hope that h…
  • Or we free up their time to do less valuable activities such golf
  • Or perhaps they don't have paraplanners