Financial Advisors: What To Do
With A Client Heading For Financial Trouble

As an Independent Financial Advisor, perhaps you have found yourself in the same position as the doctor who thinks he is seeing a patient about a simple ailment - and then, at the last minute,  a more serious issue raises its head...

Maybe a client sees you to ask for a re-mortgage but when you start the Fact Find you realise that they have a poor credit record and significant debts?

Or perhaps a client cancels the insurance policies you set up for them - and you discover it's because they can’t afford to pay them?

In either case, by far the best thing you can do for your client is to put them in touch with an expert in matters of financial distress (and if a client comes to mind right now then please call us on 01444 848766).

But it's not always bad news:

You may also have clients who are looking forward to retirement but have a large proportion of their wealth tied up in their company and want to minimise their tax liability in extracting it. Sometimes the most tax-efficient way of releasing capital will be a Solvent Liquidation, so if you have a client in that position please call us on 01444 848766.

And you can find out more here in our Special Feature on The Hidden Power of Solvent Liquidations.

At Solvency Solutions we can address the deeper issues that your client may be facing in relation to their debts.  We are always happy to offer a free face-to-face or phone meeting with your and your client to address the issues which you are uncertain about and help find and implement the solution that is best for your client.  Alternatively we are happy to answer general questions or give clarification on specific issues if we think we can help.

Please call us now on 01444 848766.

 

IFAs:

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Top Tips for IFAs

  • Have you got the whole story from the client? Like at the doctor’s, clients may hold back the most important issue until pressed.
  • Look at the bigger picture. If the client wants to re-mortgage will that address all their debt issues or just paper over the cracks?
  • Speak in plain English – the financial market is confusing for many investors.
  • Keep in regular contact with your clients – they are more likely to turn to you when they have an issue.
  • Develop links with other professionals. Know who to ask and where to turn if you or your client needs advice.
  • Know your limitations. Call in the experts if your client needs help you can’t provide.
Got questions?
Call 01444 848766...
WHAT WE DO...

Company Solvent Liquidations
A simple strike-off may not be the most tax-efficient - or even the safest - way to release a client's equity for a company. Find out here how you can have access to our specialist Company Solvent Liquidations experience.

Company Insolvent Liquidations
There can be significant implications for your client in deciding whether or not they should cease trading due to debt or cash flow issues. Don’t risk giving them the wrong advice — discover more here...

Personal Financial Distress
For a client in financial distress, the experience can be terrifying and humiliating. With experienced, professional and sympathetic support, however, there is always a light at the end of the tunnel. Find out here how we can help you help your clients through their darkest hour.
HOW TO FIND OUT MORE...

Contact Us
If you have a client whose case you would like to discuss, or if you are facing financial difficulties yourself and need to talk to someone in confidence, then please do get in contact:

Phone: 01444 848766

Email: help@solvencysolutions.co.uk

Or you can find our address, a map and an enquiry form on our Contact Us page.

Financial problems, whether business or personal, can seem like the end of the road and can be a source of great distress. Rest assured that there is always a way ahead, and we will always listen with an open mind and a non-judgmental ear.

We of course treat all discussions with the utmost discretion.
Solvency Solutions is a trading name of Solvency Solutions (South East) LLP (formerly Armida Business Recovery LLP).
Fiona Monson is licensed as an insolvency practitioner by the Institute of Chartered Accountants in England and Wales