Our clients
There’s no such thing as a typical Logic ‘client’ – our expertise across all areas of financial planning means we help people with a wide range of situations. However you may well fall into one of these groups:
STARTING OUT
You’re fairly early in your career, perhaps a new parent, looking for financial advice as you balance the need to pay the mortgage, put money away in a pension, take some steps towards financial independence through savings and investments, and want to avoid working into your 70s.
ESTABLISHED
You’re mid-career, having paid into a pension for some time, you’ve now reached the stage where you need to see if you have enough put away to stop work. Or perhaps there’s the option of voluntary redundancy and you’re looking for how best to take your pension proceeds. You may also help to manage your parents’ finances as they consider how to pay for care home fees.
PASSING IT ON
You’re starting to think about your own later life. You may have concerns about your own future care or that of a loved one, along with leaving a lasting legacy for your children and grandchildren.
Client journey
Whatever your situation, as an independent chartered financial planning firm we will only make a
recommendation for you once we have assessed your needs. To do this we follow the same process.
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1
First meeting
We start by talking to you about your current financial arrangements and what you’re looking to achieve. Part of this will be to understand your attitude to risk and your capacity for taking risks (or not!) with your capital and income. We’ll take the time to explain the way we work and how we may be able to help. We want everything to be very clear so we’ll also explain our charges.
Some firms charge for the first meeting. We don’t. It’s free. We’re happy to meet with you at our own expense. We do this because the last thing you should be worrying about at this stage is how much the meeting may be costing you.We start by talking to you about your current financial arrangements and what you’re looking to achieve. Part of this will be to understand your attitude to risk and your capacity for taking risks (or not!) with your capital and income. We’ll take the time to explain the way we work and how we may be able to help. We want everything to be very clear so we’ll also explain our charges.
Some firms charge for the first meeting. We don’t. It’s free. We’re happy to meet with you at our own expense. We do this because the last thing you should be worrying about at this stage is how much the meeting may be costing you. -
2
Follow up
After our first meeting we will send you an engagement letter which will summarise our discussions. This will provide a complete summary of your existing plans and assets and outline a way to move forward. We will also set out how much we will charge – in £s and pence – for any advice we will provide and for the implementation of this advice.
To protect both you and us, we will only start work on your behalf once you have signed and returned a copy of the engagement letter.
After our first meeting we will send you an engagement letter which will summarise our discussions. This will provide a complete summary of your existing plans and assets and outline a way to move forward. We will also set out how much we will charge – in £s and pence – for any advice we will provide and for the implementation of this advice.
To protect both you and us, we will only start work on your behalf once you have signed and returned a copy of the engagement letter.
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3
Preparing our recommendations
Once we receive the go-ahead from you, we will start work on preparing your written personalised report. We’ll gather all the relevant information, carry out a detailed analysis and come up with some recommendations that we believe will help achieve your financial goals.
Once we receive the go-ahead from you, we will start work on preparing your written personalised report. We’ll gather all the relevant information, carry out a detailed analysis and come up with some recommendations that we believe will help achieve your financial goals.
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4
Your personalised Financial Planning Report
We’ll meet with you to discuss our recommendations face-to-face and give you the opportunity to get answers to any questions.
Our fee for providing this report will be confirmed in our engagement letter but, as an indication, it will be based on the type of advice provided and the amount of work involved subject to a minimum of £1,000+vat for most cases (or £3,000+vat in cases of increased complexity and greater degree of regulatory risk to us as a business, such as providing a comprehensive cashflow planning report).
We’ll meet with you to discuss our recommendations face-to-face and give you the opportunity to get answers to any questions.
Our fee for providing this report will be confirmed in our engagement letter but, as an indication, it will be based on the type of advice provided and the amount of work involved subject to a minimum of £1,000+vat for most cases (or £3,000+vat in cases of increased complexity and greater degree of regulatory risk to us as a business, such as providing a comprehensive cashflow planning report).
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5
Implementation
More often than not our recommendations involve putting in place various savings and investments – such as pensions, ISAs and so on – or products such as mortgages, life assurances, income protection plans and so on. Whatever the case, we’ll make all the necessary arrangements, complete all the appropriate paperwork and the set-up of the plans and all other administration to set these in motion.
More often than not our recommendations involve putting in place various savings and investments – such as pensions, ISAs and so on – or products such as mortgages, life assurances, income protection plans and so on. Whatever the case, we’ll make all the necessary arrangements, complete all the appropriate paperwork and the set-up of the plans and all other administration to set these in motion.
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6
Ongoing service
If we agree that you need it, once your plans have been implemented we’ll review them on a regular basis and meet with you each year to go through how they’re doing. This is a great opportunity for you to update us about any changes in your lifestyle or financial goals. It will also give us the chance make any changes necessary to your plans so they remain appropriate for your circumstances.
If we agree that you need it, once your plans have been implemented we’ll review them on a regular basis and meet with you each year to go through how they’re doing. This is a great opportunity for you to update us about any changes in your lifestyle or financial goals. It will also give us the chance make any changes necessary to your plans so they remain appropriate for your circumstances.
If you’re looking for financial advice get in touch with our specialist advisers today ...
01491 612 754
info@logicfinancialservices.co.uk About us
As a small company we work with a select group
of clients – this means we can develop a close
relationship with each and every one to build
mutual trust and respect.
The Logic team provided expert advice and support with all financial matters including insurance policies, mortgages and pensions for me and my family. They always provide me with comprehensive support in a clear and easy to understand way.
