Business owners

Managing the financial side of business and home life with one bespoke strategy

Life as a business owner can be stressful and complex; you can often feel like you’re spinning one too many plates. As a result, certain areas of life can go neglected. Money matters, particularly your personal financial situation, may go overlooked.

It goes without saying that the financial side of your business and your personal life are intrinsically linked. If one is fruitful, the other will reap the rewards. The two must, therefore, be considered together.

From tax strategies to exit planning, at work you must consider the wider financial impact of your decisions on your employees, your shareholders and your long-term vision. From mortgages to retirement planning, at home, you must manage your family’s financial needs, both for today and for the future.

Whether you’re a young business owner looking for help on how to tax-efficiently withdraw money from your company, or an owner close to retirement who needs financial assistance with an exit strategy, we can help.

As Financial Planners, our role is to create a bespoke and thorough strategy that enables the financial side of both your work and home life to thrive.

Here’s what we do:

1. Listen

At a free initial consultation, we begin by understanding what is important to you and your current financial goals. We also collect your personal information and explain our fee structure. The consultation will close with a summary of our findings, and our suggested next steps towards a tailored solution to your needs. There is no obligation to proceed at this stage, and no costs will have been incurred.

2. Research

The next stage is to analyse your financial situation. We will use the information gathered about you to thoroughly analyse your financial position, using our extensive knowledge of financial markets, then diligently research potential solutions for your needs.

3. Advise

We will create a bespoke financial plan, recommending the best financial solutions to achieve your goals. At a second meeting, we will explain our research and recommendations so that you can make fully informed decisions. We will take you through our report step-by-step, and you are free to take the report away and give it due consideration before agreeing to move forward to the next stage.

4. Implement

Once you feel that you can make a fully-informed decision to proceed, and you have given us your consent to do so, we will begin the process of implementing our recommendations. We will assist you in completing all the relevant forms and ensure your applications are processed by the relevant investment houses and providers in a timely manner.

5. Review

It’s important that your plan is reviewed regularly to ensure that it is optimised for any changing personal circumstances, economic fluctuations, tax legislation and regulations. Finally, we will provide you with online access to view your investments at the touch of a button.

Withdrawing business profits tax-efficiently – Ben

Ben is a director of his own limited liability company, He contacted us in order to understand how to withdraw profits from his business tax-efficiently.

Hear from Andrew’s Clients

My late husband looked after our financial affairs; when I was widowed, I was recommended iWealth. Andrew quickly took on board my changed circumstances and understood my needs and those of my two daughters (aged 25 and 27). He was able to give welcome advice during what has been a very difficult time for our family. I have been able to resolve some complicated issues related to the closure of my late husband's estate. I have also received Inheritance Tax planning advice and recently my youngest daughter received excellent service from Andrew regarding a mortgage application and associated matters following her first house purchase. I can only praise the personal service I received and also want to mention Teresa, the office manager, who is exceptionally well-organised and efficient.

Marian, North Yorkshire

A client since January 2017.

I was looking to retire but was not sure what my options were, or the best way to proceed to get the maximum value on retirement. Upon reviewing what I was trying to achieve, Andrew pointed out the pitfalls and reviewed the best solutions for my current position. When it comes to monies and being able to live after work, things can become very cloudy; Andrew is helpful and patient.

David, Leeds

A client since September 2016.

I would like to take this opportunity to thank Andrew for his help and advice dealing with my mortgage. I would recommend Andrew for his friendliness, truthfulness and his effort to help me and my family. Once again, thank you.

Louise, Sheffield

A client since April 2017.

I have known Andrew for a number of years now and he has always ensured that I am fully clued up on the advice he is issuing and that the products and service are to my requirements. He has never attempted to push me into something that I consider unfavourable for my requirements. He’s a very personable man who I now consider a friend.

Richard, Barnsley

A client since October 2010.

I have seen a couple of financial advisers over the years, so I was a little sceptical. Andrew put me at ease, explained his advice process, how he worked and wrote a proposal for my consideration. This was excellent as I was not under any pressure to proceed and it put me at ease. I knew exactly why Andrew had made his recommendations and what the benefits and outcomes were for me. I cannot recommend Andrew and his service enough. Andrew, you are a credit to your industry.

Norman, Driffield

A client since September 2010.

Andrew is an excellent adviser, very friendly and puts you at ease. He explains everything thoroughly and he is also very flexible with appointments. I will be working with him in the future.

Joyce, Doncaster

A client since December 2013.

Andrew and Teresa have been wonderfully personable and professional in helping my husband and I to secure a mortgage and life insurance. We had slightly unusual employment arrangements and other personal circumstances which made our application unduly complex, but Andrew and Teresa calmly and capably guided us through the process. We are incredibly grateful for their patience and hard work and we would highly recommend iWealth to anyone in need of such services!

Louise, Sheffield

A client since February 2017.

Andrew has helped me to arrange my pension fund to provide a balance of growth and income. He thoroughly investigated my attitude to risk, not only to enable him to make appropriate recommendations but, I dare say, to save me from myself. He has provided me with regular updates and a thoroughly professional friendly service. Ultimately, the performance of my pension fund is what matters and whilst this can never be guaranteed, to date, I am perfectly happy.

George, Tickhill

A client since February 2016.

I wanted to plan for retirement. Andrew reviewed my existing pensions and advised on what to do with them (move, transfer or leave). He also reviewed all our financial investments, savings and tax liabilities, advising us on better products for saving to maximise returns (with an appropriate level of risk) and to minimise tax. As a result of working with Andrew, I am able to retire a couple of years earlier than planned and have paid far less in tax in the years since we started taking advice.

Carol, Petworth

A client since December 2013.

I have used iWealth to help me with my pensions ready for retirement in four years. Andrew has been extremely patient at explaining the complicated variety of pensions I hold (in layman's terms) and the options I have. I would not hesitate to recommend iWealth to friend and family.

Diane, Keighley

A client since November 2016.

Business owners

Managing the financial side of business and home life with one bespoke strategy

Here’s what we do:

1. Listen

2. Research

3. Advise

4. Implement

5. Review

We are highly recommended

Hear from Andrew’s Clients

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