subject: Retained Independent Financial Advice For Dentists [print this page] Have you ever considered seeking specialist financial advice as a dentist?
Looking for financial advice is more common than one might first expect in the current climate. It is hard to read a newspaper without stumbling across an article with some form of financial advice at the core of its content. Yet when it comes to speaking to a Financial Adviser, contact can sometimes be limited to a one-off appointment.
Regular contact with an Independent Financial Adviser (IFA) provides you with structured, informed advice, based on an understanding of your individual circumstance.
Daniel James explains how Retained Independent Financial Advice for dentists can assist you in achieving your financial objectives.
How is Retained Independent Financial Advice different?
Retained Independent Financial Advice from BDA Plus is more than just the occasional consultation - it is an ongoing partnership between client and adviser, where the service evolves to meet financial objectives and the changing market.
Retained advice for the dental profession is designed to provide you with a means to achieving future financial ambitions, through structured regular reviews. This may include realising investment potential, preparing for retirement or protecting your existing standard of life against unforeseen circumstances. Whilst such advice could be found elsewhere, Retained Independent Financial Advice from BDA Plus is a continuous service, ensuring advice is relevant both now and in years to come.
What are the Benefits?
Navigating through the financial markets can be increasingly difficult with having so many options available. To the untrained eye, it can be hard to see the differences between services and determine which kind of investment or protection is right for you and your objectives.
Our Independent Financial Advisers are dental specialists who provide specialist guidance through the financial minefield, providing you with all of the necessary information related to your financial needs and aspirations. Having an IFA who understands your needs as a professional and who is at your disposal puts you in good stead to realise your future goals. They will make sure that your financial plans are well placed and relevant to your needs as a dentist.
Furthermore, your ongoing relationship with your Independent Financial Adviser will protect you from agreeing to something that isnt fully worth both your time and money. Our advisers will assess your personal situation and examine the various opportunities available across the market, in order to find a suitable option that matches your requirements.
It all comes back to Independent Financial Advice being more of an ongoing partnership than a one-off service; retained advice is not a one-sided practice. Our advisers actively encourage clients to make suggestions and further recommendations based on their interests and objectives. Being dental specialists, our advisers use their experience of advising your profession when understanding your needs and making their recommendations.
How it works
The process is simple and flexible, and can adapt to fit your needs. An initial meeting will be arranged to discuss your current situation and establish your financial objectives and goals for the short, medium and long term. Once a strategy has been agreed, our advisers will keep a close eye on your plan, and will provide you with two portfolios a year. These will outline details of your policies in full, together with current values and ongoing performance.
An annual review will also be carried out, which provides an opportunity to review the progress of your investments and suitability of protection policies. These meetings are essential in reviewing your plan in detail as it evolves, and gives you the opportunity to discuss your ongoing objectives, review progress made against defined goals and discuss your views, opinions and any changes to your circumstance.
Whilst an annual review is standard practice, our advisers are happy to discuss your plan at any time, and as a retained customer, you will receive priority access to all services.
Saving you money
Choosing specialist Retained Independent Financial Advice for dentists can prove to be highly cost effective. The charge for this service is 50 per month, for a minimum period of 24 months. In the event of new product or policy being arranged, we will rebate the first 600 commission back into the plan, or if paying by fee, reduce the fee cost by 600 (once per annum).
We prefer to keep our clients in the loop, and will always discuss fees, commission or any charge prior to arranging new policies or investments.
BDA Plus are always happy to provide guidance to find the best solutions for you and your practice. If you would like further advice on any aspect of this article, or would like to discuss the best financial options open to you, please do not hesitate to contact us on 0845 130 1366.
Note to Editor
Arranged through Lloyd & Whyte (Financial Services) Ltd.
Lloyd & Whyte (Financial Services) Ltd is authorised and regulated by the Financial Services Authority.
BDA Plus is a trading name of Lloyd & Whyte (Financial Services) Ltd used under license from the British Dental Association.
Calls may be recorded for use in quality management, training and customer support.
by: Daniel James
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