‘I have been a client of Andrew Green for a while and when he advised me that he was setting up a new company and team as KLO, I did not hesitate to move my portfolio to this new team. I am delighted with the service that I receive from KLO and the focused approach in responding to my changing requirements. I know that my portfolio is getting the attention it needs to met my personal objectives.’
How Can A Financial Adviser Help?
We understand that divorce is difficult. We offer face-to-face meetings where we can sit down with you and your client to ensure that all parties appreciate the financial aspects of the process. This extends from understanding how the divorce will be funded, any interim arrangements and, finally, through to settlement.
Property can be one of the main assets in a marriage. As a solicitor, you will advise your client how this asset should be treated. It could well be that their property is sold on divorce to release equity. We can help with that process by, for example, offering mortgage advice.
Pensions are complex and frequently become more so in the event of a divorce. We can assist you and your client when considering commonly available options such as pension sharing, pension offsetting and pension attachment orders.
Investments and Tax
Often, individuals will have multiple assets and investments that have accumulated throughout the relationship, with tax implications for assets disposed under any court order. We provide wealth management advice on a wide range of investments and will work with you as a solicitor to ensure that your client’s tax position, and any liabilities, are clear from the outset.
Why is Financial Planning in Divorce Important?
Divorce can be a confusing time, so it’s important to feel protected. Financial planning in divorce allows your client to build a picture of their existing income and assets as well as their future capital and income needs. This can be used to establish a financial claim on their behalf.
There may be cases where some assets are difficult to value. A financial planner will support you and your client in putting together a list of assets that require disclosure during financial negotiations. At KLO Financial Services, we will work with you to provide a clear explanation for your client’s more complex assets such as pensions.
Then, having gained a fuller understanding of your client’s financial situation, we can provide guidance on pensions, mortgages and investments, considering their tax position.
After your divorce has been settled, your client may want to consider new investments, pension planning and other financial issues. We understand that this can be a difficult time, which is why KLO Financial Services offer a personalised service to help support your client’s future.
What Can KLO Financial Services Help With?
Assessing your client’s needs, assets, liabilities, income and expenditure, KLO Financial Services will work closely with you in order to attain the best possible outcome through their divorce. Support is provided throughout the process, from pre-divorce, when negotiations commence to post-divorce, when an agreement has been reached. Our experienced advisers can support with:
- Building a picture
- Financial disclosure
- Financial guidance
- Post-divorce support
KLO Financial Services is a fully independent firm. We have offices in London, Birmingham and Warwick and our team of highly qualified Financial Planners can help support your client at every stage of their divorce and beyond.
We believe it is important that we are not restricted in our choice of products or funds, which is why we choose to remain fully independent, acting only for our clients.
Divorce can be a confusing time, and this doesn’t need to be made worse by complicated and technical language. We want our clients to understand the plans and products we recommend, so always endeavour to use jargon-free language.
We foster long-term relationships. Our clients benefit from receiving advice from a professional Financial Planner, as well as the support of an individual Client Manager who maintains close contact and can respond to any immediate needs.
There is always a possibility that a partner may try to hide some of their wealth. This is against the law.
For peace of mind, you client will want to know you’re getting a fair settlement. Our financial advisers are experienced in valuing a variety of assets and will ensure that all assets are valued fairly and correctly.
The grounds for divorce used to obtain the divorce has no bearing on the financial settlement. The agreement reached regarding your client’s finances will be based on fairness, length of marriage and children. It will not involve the reason for wanting to end the marriage.
Yes – a pension fund is an asset of marriage. Pensions can be complex, and they become even more intricate within the divorce process. This is because there is often restricted assess and many tax implications that may affect the outcome. There are several options available, such as pension sharing orders, pension attachment orders and offsetting. We will assess the pension benefits that have accrued and provide a solution as to how these benefits can be shared in order to meet their objectives.
Often individuals will have multiple investments that have developed throughout the relationship, and there may be tax implications depending on how these are dealt with. We can advise your clients personally about wealth management, and work with experienced professions such as accountants in order to maximise the assets available.
After your client and their ex-spouse has come to an agreement, there are still some factors they may need to consider, such as pension and investment choices. KLO Financial Services have specialists on hand who can help with any financial support they need in preparing for their future.
We are always eager and available to meet with you to discuss your financial objectives and assess your current strategies. No question is too big or too small. The first consultation is always free and comes with no obligation. If you’d like to speak to one of our expert financial advisers, get in touch today.
‘We recently had some advice from Andy; he came to our home listened to what we wanted, didn’t try and sell us anything else, found us what we were looking for and he didn’t charge us for an appointment. Now, because he was so good, we’re looking at arranging our mortgage with him. I can’t recommend him highly enough.’
‘Thank you Andy for the tremendous work carried out for us as newcomers to the United Kingdom. Your time, patience, and professionalism all made it seem easy and we feel very confident and comfortable working with your company.’
‘John Glavey has been our personal IFA for over 30 years. In addition, he acted for 40+ employees of companies of which Mr B was a Director. His advice and actions has made our retirement financially comfortable. Throughout those years his attitude has been relaxed but positive and we always had the feeling that he was maintaining his knowledge of trends and changing investments where appropriate. His up to the minute qualifications corroborate that.’