Where do I start?
Getting good, professional financial advice isn't rocket science but you must do a bit of homework in order to achieve this. We hope to assist you In this section. This is so important when you are divorcing as sound financial advice can set you on the right path towards a more secure future. This is like a reality check; translating your various life choices into real numbers and considering how much money it is going to take to achieve these goals.
This could involve selling your home and starting a new life or taking some of the equity out of the home, starting a pension, ensuring that you are covered by insurance, paying university fees or changing your career path. We all have dreams but sometimes it takes a life-changing event such as divorce for us to seriously consider them.
'All men dream, but not equally.
Those who dream by night in the dusty recesses of their minds wake in the day to find that it was vanity: but the dreamers of the day are dangerous men, for they may act their dream with open eyes, to make it possible.'
If you are in contact with any of these agencies, please say you found them via Divorce Aid.
A good professional, in return for a fee, can help you put your financial affairs in order.
He should help you to:
There are three types of professional financial adviser: independent financial advisers (some specially trained in divorce law process), tied agents and other professionals such as solicitors and accountants who give advice as part of their work.
What is an Independent Financial Adviser? (IFA)
This is the largest group and they are required by law to give you the best, unbiased advice. They are usually paid by the hour or with a flat fee or others give their advice free of charge but then are paid a commission by the company you eventually buy a policy from. You should always ask how much this commission is and when it is payable. Some charge a mixture of fees and commission. But they are not 'tied' to any company. It should also be noted that many specialise in different areas and if you are looking for a wide range of advice you should check with him first and shop around. Alternatively, you could opt to go with a large firm. You should always check out references.
Where can I find an IFA?
Divorce financial advisers
We are now able to refer you to independent financial advisers whos who have undertaken special training with the family law association. This is appropriate for collaborative divorce and the normal divorce process.
Please use the link below and give your contact details and full postcode or name of large town: Divorce financial advisers
Divorce IFAs: Mrs Lee Pimblott
UKWM Financial Planning
Plan Invest House
9 King Edward Street
Tel: 01625 429217
E-mail : firstname.lastname@example.org
Geographical Regions Covered: Cheshire, Manchester, Lancashire, Leeds
Disabled Access: No
Home Visits: Yes
Advice to be paid by: Fees or commission: Yes
|Mrs Lee Pimblott|
Lee Pimblott is a qualified adviser specialising in all aspects relating to pensions, whether corporate or individual, and is qualified as an Accredited Divorce Specialist. Highly experienced in dealing with the implementation of Pension Sharing Orders, Attachment Orders and other options relating to pensions, Lee can help provide peace of mind at these often difficult times. Every divorce is personal to the individuals involved, but some are more complex than others. Whatever your situation it is important that you get expert advice in what can be a complicated area of finance and that this advice helps mitigate the stress involved. As part of our service reports can be prepared for both parties so that informed decisions can be made regarding any potential pension share and advice is also available in relation to Maintenance Protection Insurance.
UKWM is a trading name of Plan Invest Group Ltd which is authorised and regulated by the Financial Services Authority. We also specialise in all areas of investment advice, portfolio management and mortgages. We offer friendly and expert advice on almost every aspect of financial planning. The company accept instructions for fee based advice, however, an initial meeting can be arranged free of charge. We are always happy to explain how we can assist you without any obligation on your part.
Please mention Divorce Aid when you get in touch.
Divorce IFA: Richard Jacobs
Richard Jacobs Pensions Ltd
18 Water Street
Newcastle under Lyme
Stoke on Trent
Special initial interview offer: Yes, free initial meeting, travel time not charged. (Current hourly rate £170 + vat)
About the Divorce IFA
Richard is Managing Director of Richard Jacobs Pensions Ltd and is an Associate of the Chartered Insurance Institute gaining Chartered status. His company provides independent financial advice, specialising in pensions and pension transfers.
Richard is a Resolution Accredited divorce specialist. He has provided evidence as an expert witness for over 19 years, attending Court throughout the Midlands and North of England. Richard lectures on the subject, running courses for Solicitors and Barristers in the matter of pensions and divorce. Richard regularly contributes to national newspapers, also providing “Best Advice” articles for Money Marketing, the leading trade newspaper.
However you are dealing with your divorce, whether thorough the traditional contested route, mediation or the exciting new round table Collaboration route, it is important that good financial advice is obtained from someone who is trained particularly in the complex issues surrounding divorce. Whether explanations are required for what is often a frightening confrontation for the first time of facts and figures, which have little meaning, or a more elaborate report requested on a joint basis, acting as a single expert witness, Richard has many years experience of them all. Richard is one of the very few fully trained IFA’s in the North of England who has undergone additional intense training and examination to act as a financial neutral in the new Collaborative way of dealing with divorce.
Please mention Divorce Aid when you get in touch.
What should I ask at the first meeting?
The Financial Services Authority recommends these five questions:
Are there any warnings?
Yes and these apply irrespective of which type of advisor you choose.
You should turn and run if any of the following apply:
The FSA has good information on a variety of financial topics. For example:
Get to grips with your money
Are you covered?
Saving for tomorrow
Getting financial advice
Making a complaint
Staying safe against scams
Starting a job
Buying a home
Starting a family
Living on your own
Managing in retirement
What should be in your financial plan?
Everyone is different, so everyone needs a different plan, especially when going through divorce. But at similar stages in life, we often have similar goals and priorities.
When you feel overwhelmed by outside circumstances beyond your control,
do something positive like getting your paperwork in order. This could
be the first step in tackling a larger task. Good legal advice is essential
and so too is getting good independent financial advice.
Just email us using this link: legal and financial advice