Financial Advice UK
MJR Financial Management - Financial Advice in the UK
WELCOME
MJR Financial Management is the independent financial advice arm of Leicester based Chartered Accountants and Business Advisers Mark J Rees.
A professional approach
Our aim is to plan for your needs and meet your financial objectives, not to arrange lots of policies. Our advice may be to take a course of action which in fact does not involve buying a product. We are financial planners and not product sales people. We operate in such a way that we do not rely solely upon commissions from such products.
Independent Advice
We are truly independent and search for financial solutions that are suitable for you from the entire marketplace. We are not tied to any Bank, Investment, Pension or Insurance Company.
A holistic approach
We take an “overview” of your entire position to ensure that we are working with consideration to all connected areas. We review the relationship between our clients’ personal and business finances to provide the right retirement, mortgage, investment, tax or protection advice for you.
We would be pleased to meet with you for a free initial exploratory meeting at which we will talk about your thoughts and aims. We will then write to you with our recommendations providing you with an opportunity to reflect, without obligation.
Four Years on from the Millenium
Hard to believe but it is over four years since the grand celebrations that marked the start of the new millenium. Have there been big changes in your personal situation during that time?
• Have you changed partners, switched jobs, moved home or had an addition to your family?
• Have you remortgaged your home to exploit those rising house prices?
• Have you joined the growing band of 40% tax payers?
There’s a good chance the value of your house has increased so much since the turn of the century that the potential tax liability on your estate has shot up. Since December 1999, the inheritance tax nil rate band – currently just £255,000 – has risen by only just over 10%.
Listening to the media you could be forgiven for thinking that the outlook for retirement has never looked bleaker –
• Low interest rates and longer life expectancy means annuity rates are exceptionally low.
• Many final salary schemes have been forced to close.
• Weakness in the markets at the turn of the century has decimated many pension funds.
• Proposed changes in legislation have added uncertainty.
Fortunately, the situation isn’t as bad as it at first seems. These issues make it more important than ever for effective planning but the rewards are still out there for the astute investor. MJR Financial Management has always been proud to assist our clients to realize their goals and recent years have proved no exception.
Financial plans are like any other plans: if they are not reviewed regularly, their relevance fades. Increased borrowing, changes to your family or new employment circumstances will usually mean that your life and health cover should be re-evaluated. If the past four years have passed without a review of your 20th century plans, why not resolve to bring them into the 21st century?
Please call me for a free consultation without obligation on 0116 2549018 or visit it our website at www.mjrfm.co.uk.
Mortgages
For many of us moving house is the most important financial decision we will ever make and it is also said to be one of the most stressful. The wealth of options available is vast and comparisons of cost can be difficult due to the numerous options available. There are over 100 lenders offering mortgages that can be repayment or interest only, variable or fixed, tracker, flexible, discounted, capped etc, and within each category more decisions have to be made. However, with independent trustworthy advice and up-to-date expert research, it doesn’t have to be confusing. We offer advice on:
Buy to Let Mortgages – An increasingly popular mortgage for investment purposes
Commercial Mortgages
Equity Release Schemes – Unlocking the value in a property
Remortgages
Residential Mortgages
SIPP/SSAS Mortgages – Allowing a pension to borrow the money to buy a property
Investment
Investments can take many forms but are generally categorised as either equity or fixed interest, growth or income, short term or long term, domestic or international etc. The types of investment chosen will depend upon its purpose and proposed duration. We understand that all clients have a different attitude to risk depending on their personal circumstances and preferences and also that the tax treatment of each product can be an important consideration. To make the right recommendation for the client we advise on all investment types including:
Enterprise Investment Schemes – Tax saving high risk schemes investing in smaller companies
Ethical Investments
Investment Bonds – Single Premium With Profit Life Policies
Investment Trusts – Buying shares in one company which invests directly into a portfolio of other investments
ISA’s (Individual Savings Accounts) – Tax free savings plans which can be used to invest in equities (either directly or through unit/investment trusts), into deposit accounts or with profits life policies
Offshore Investments
National Savings
PEP Transfers
Stocks and Shares
Unit Trusts – Buying units in a fund which is invested by professionals into a number of other investments spreading equity risk
Since we are completely impartial we select products from the entire market place and always take into account factors such as the economic outlook, tax implications, past performance, product charges, the fund managers’ investment style and, most importantly, the clients attitude to risk.
Retirement Planning
Retirement might be a long way off or just around the corner but it is important to remember that retirement planning involves much more than simply choosing a pension. Proper retirement planning should integrate all areas of financial planning, especially considering other investments and estate planning issues. We therefore give advice on:
Executive Pension Plans
Group Personal Pension Plans
Personal Pensions
Retirement Annuity Contracts – Personal Pensions taken out prior to 1987.
SSAS (Small Self Administered Schemes)
SIPPS (Self Invested Personal Pensions) – A personal pension allowing the individual the power to decide exactly how their pension is invested
Stakeholder Pensions – Personal Pensions introduced by the Government in 2001 to encourage pension provision
State Pensions
Contracting Out – Diverting National Insurance contributions into policies chosen by the individual
Income Drawdown – Delaying the buying of an annuity at retirement and using the fund to withdraw an income each year up to age 75
Each of the above is designed for a specific purpose and should be considered carefully. Some arrangements are purposefully designed with the business owner in mind, others for the self employed and yet others for employees, so careful consideration of one’s options is paramount.
Our advisers have achieved the industry’s highest level of competency in this complex area, and they support their credentials by maintaining an up-to-date knowledge of legislation, providers and products.
ABOUT US
MJR Financial Management has its roots in Mark J Rees, a reputable Chartered Accountancy Practice founded in Leicester in 1938, which today provides a comprehensive range of business services to clients all over the world. The two sides of the business, along with MJR Computer Solutions, work closely together to bring our clients a greater range of expertise and the convenience of having all of their professional needs catered for by one dedicated team.
We realise that the relationship with our clients is our greatest asset and to cement that relationship we provide professional advice which is completely impartial and focused on what’s right for you – not a sales target. This refreshing approach is what separates us from the competition and we believe that with MJR Financial Management you will notice the difference. Many of our clients first came to Mark J Rees over thirty years ago and have never looked back. We think that you won’t either.
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Send E-Mail to: jb@markjrees.co.uk
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