Worker-owned Chartered Monetary Planner Area of interest Personal Shoppers has group up with an area company finance agency to create a brand new firm which is able to assist enterprise homeowners defend their investments from monetary uncertainty and plan for retirement following the sale of their enterprise.
Area of interest Personal Shoppers – and its new associate agency Lexington Company Finance – have arrange Lexington Private Finance.
Each Area of interest and Lexington are primarily based in Wales.
Lexington Private Finance is a three way partnership between Cardiff-based Lexington Company Finance, which advises enterprise homeowners on progress or exit methods, and retirement planning specialists Newport-based Area of interest Personal Shoppers.
The 2 companies say that Lexington Private Finance will assist enterprise homeowners to make knowledgeable choices in areas akin to enterprise safety insurance policies and worker advantages. It’s going to additionally present help on enterprise exit methods and retirement planning.
The brand new service might be offered by two of Area of interest’s most skilled Chartered Monetary Planners, Matt Wiltshire and Aled Phillips.
Lexington’s managing director, Gary Partridge, mentioned. “We all know from expertise that receiving sound, skilled recommendation on private funds and retirement planning is important for enterprise homeowners who’re contemplating an organization sale.”
“Having a sturdy, long-term monetary plan and a transparent view of your retirement earnings potential not solely offers peace of thoughts, at what might be an especially aggravating time, but additionally helps enterprise homeowners to make knowledgeable choices about their most well-liked exit technique.
“Enterprise homeowners who’re on a progress journey face barely completely different challenges, together with how they’ll guarantee they adequately defend their funding and companies from uncertainty, in addition to how you can juggle planning for retirement, whereas managing the short-term monetary wants of the enterprise. Lexington Private Finance has been set as much as present specialist help, wherever enterprise homeowners are on their journey.”
Area of interest Personal Shoppers was established in 2019 and provides a spread of Monetary Planning companies, together with recommendation on pensions and retirement planning, financial savings, investments and insurance coverage to high-net price people. It’s employee-owned and employs 20 folks at its headquarters in Newport.
Aled Phillips, industrial director at Area of interest Personal Shoppers and a lead adviser within the new enterprise, mentioned: “The partnership with Lexington will enable us to supply its purchasers with tailor-made monetary recommendation at an important stage within the life cycle of their enterprise.
“The planning we offer will assist enterprise homeowners have readability on their monetary place as they close to a transaction and may typically imply that they’ve the arrogance to retire sooner than they thought, in addition to lead the life-style that they might if cash wasn’t an element. It additionally helps with legacy planning as by means of our “discovering your quantity” train we not solely set up the quantity wanted to fund their very own life-style, but additionally the quantity that’s surplus and due to this fact can be utilized for legacy planning and to profit their family members.”
Mr Phillips is a Chartered Monetary Planner and fellow of the Private Finance Society. He’s additionally a Chartered fellow of the Chartered Institute for Securities and funding. He has already suggested a variety of Lexington purchasers together with the homeowners of a TV and movie set design and construct companies.