Financial Planning for Business Owners

Supporting Business Leaders.

An experienced Wealth Management service that specialises in working with Business Owners and Directors.

At Sovereign Wealth in the Midlands we specialise in working with Business Owners, Directors and Senior Executives to help them achieve their goals through effective financial planning.

The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.

The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances.

*Exit Strategies may include the referral to a service that is separate and distinct to those offered by St. James’s Place and Sovereign Wealth

How We Help

How we help

A Specialist Service for Business Owners

Creating Your
Wealth Plan
Building
Your Team
Planning Your
Exit Strategy*
Investing Your
Proceeds
Creating Financial Independence

Preparing for the future, both personally and for your business involves creating a sound plan.

Without this you are far less likely to achieve your goals and objectives. Once you have established the figure you require to fund your financial independence, it is of paramount importance to put in place a plan of action to help you achieve it.

We specialise in helping business owners and directors to create and build a wealth plan tailored to your specific personal and business needs.

The value of an investment with St. James’s Place will be directly linked to the performance of the funds you select and the value can, therefore, go down as well as up. You may get back less than you invested.

*Exit strategies may include products and services that are separate and distinct to those offered by St. James’s Place and Sovereign Wealth.

The foundations of your plan will focus on three key areas:

The implementation of a wealth management strategy to explore the opportunities available to you to help invest both profits extracted from the business over time, in addition to the proceeds upon your exit in the future.
The application of a protection plan to provide a safety net to ensure your family and business is protected in the event of ill health or death.
The preparation of a prudent exit strategy* to help you maximise the value of your business by building and developing the business into an optimal position ahead of sale.

At Sovereign Wealth in Market Harborough, we believe the most significant issues facing business owners today is their ability to create financial independence.

It is evident that success is dependent upon careful planning towards an agreed set of objectives.

To achieve this you need a great team around you, working in harmony.

Working alongside your professional advisers in building you a bespoke wealth plan, perfectly tailored to your individual and business goals.

If you need to appoint specialist advisers, we will be able to introduce you to firms that we have carefully selected.

A well-tailored exit plan is fundamental in helping to maximise the value of your business ahead of sale.

The guidance provided below is generic and therefore it is important to remember that a well-constructed exit strategy needs to be unique to your individual circumstances. Expert advice from appropriate professionals is highly recommended to help you make the most of your business assets.

Our advisers will make sure they understand you and your business in great detail, working with you towards obtaining the maximum benefit from all your hard work.

Maximising the value of your business through the assessment of key variables is essential in helping to improve its future value. The following value characteristics represent some of the aspects of a business that most prudent purchasers will study.

*Exit strategies may include products and services that are separate and distinct to those offered by St. James’s Place and Sovereign Wealth.

For more about Exit Planning, our blog article looks at 7 key areas to consider.

7 Key Areas in Exit Planning

Your exit strategy should be well formulated through the close examination of your business’ strengths, qualities, and weaknesses to help improve operations to increase the potential value on the future sale of your business.

We specialise in helping business owners and directors achieve financial independence by creating and building a wealth plan tailored to their specific personal and business needs.

In order to build financial independence, we believe it is fundamental that you invest profits that you are able to extract from your business prudently.

Appropriate risk management is crucial to ensure your capital is built and protected. There are multiple elements of risk management, however, having a well-diversified portfolio is paramount and this should be carefully monitored and managed by an investment professional.

Working closely with your Wealth Manager, you will have a number of options including pensions and other types of investments that can help to ensure you are making the most of available tax reliefs, along with diversifying away and developing capital outside of your business.

It is crucial that when coming to sell your business you make the correct decisions both pre and post-sale as this will inevitably determine the success of your wealth plan.

The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances.

We will help you understand how you can invest the proceeds of many years of hard work towards achieving financial independence and lifestyle goals.

We will help you consider key issues such as taxation and the consequences of various options available to you.

From our experience, successful business owners tend to focus their time and energy on their business, often neglecting their own personal financial needs and those of their family.

As a wealth management firm that specialises in helping businesses as well as business owners in an individual capacity, Sovereign Wealth in the Midlands is ideally placed to help you achieve your business, financial and lifestyle goals.

Your Wealth Manager will be there to guide you through the ways in which you can invest for the future to achieve financial independence so that your planning extends seamlessly from your business interests to your personal finances.

At the core of our business we focus on building a close personal relationship with you and your family for the long term, providing comprehensive and holistic advice every step of the way.

Working with you

Specific services for business owners

Our work is focussed on your goals, both business and personal. We work with you in the way that suits you, if you need help on a specific area of your business or need a partner to look at your complete financial landscape – we can slot in and help.

Some of the specific areas we help Business Owners with are;

Remuneration Planning for Directors
Pension Planning
Corporate and Personal Investment Services
Tax Efficiency
Exit Planning Strategies
Directors’ Share Protection
Keyperson Assurance
Cash Management
Auto-Enrollment

Creating a tax-efficient remuneration strategy for you and your Directors, aiming to keep more of your income and help you to reach your financial goals more quickly.

We can work with you to on your remuneration planning for Directors and Business Owners.

The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances.

Using the tax advantages of your pension, to help your business grow. This includes Group Personal Pension Plans, SIPPs* and SSAS* advice.

We can work with you to consider the many aspects involved in Pensions Planning.

The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances.

*These types of pensions will not be suitable for everybody, as they require investors to be happy in making their own investment decisions and may incur costs not usually associated with other types of pension schemes. For these reasons, they will not be suitable for everybody and generally only those who are fairly experienced at actively managing their investment should consider this type of investment.

Managing your assets, savings, investments and pensions, ourselves, so you benefit from our years of expertise, without incurring additional costs if this task is outsourced, as many advisers do.

Talk to us about we can help with your Corporate and Personal Investment Services.

Considering ways to take money out of your business tax-efficiently; again, lower tax bills can allow you to reach your own financial goals more quickly.

Please get in touch if you would like help with Tax Efficiency.

The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances.

Maximising the sale value of your business, whilst reducing the Capital gains tax you pay, to help you benefit from as much of the sales proceeds as possible.

We work with business owners to help them plan for their pre-exit and post-exit life.

The levels and bases of taxation and reliefs from taxation can change at any time. The value of any tax relief depends on individual circumstances.

Exit Strategies may include the referral to a service that is separate and distinct to those offered by St. James’s Place and Sovereign Wealth.

Services to help maximise the interest on any corporate cash balances, whilst mitigating the risk of having all your corporate cash in one place.

As a Principal Partner Practice of St. James’s Place Wealth Management we can provide you access to Flagstone and their cash management service.

Their online portal enables you to manage your cash deposits across a panel of more than 50 provider banks and hundreds of different deposit accounts.

Articles

Regular content to help business owners

10 ways we help business owners

At Sovereign Wealth in the Midlands we work with clients from all walks of life. But one area that we have specialist knowledge and experience in is helping business owners. As entrepreneurs and business owners ourself we have experienced first hand the challenges and rewards of growing a business from the ground up. It is […]

7 Key Areas in Exit Planning

A well-tailored exit plan is fundamental in helping to maximise the value of your business ahead of sale. The guidance provided below is generic and therefore it is important to remember that a well-constructed exit strategy needs to be unique to your individual circumstances. Expert advice from appropriate professionals is highly recommended to help you […]

Get in touch.

We work with many local business owners and directors in Northamptonshire and Leicestershire, helping them and their families to become financially independent.

Whether you are a startup looking to scale or a seasoned business owner planning your next journey, we will take the time to understand your objectives and plan a course of action.

You can call us on 01858 791 182 or email us at the link below.