Trustee Investment Services
Experienced Team
Tested knowledge
Independent Advice
Free from external influence
Clear Communicators
Empowering informed decisions
Client-Orientated
Attentive service
Trustee Responsibilities
The Trustee Act 2000 places clear responsibilities on Trustees, as do The Money Laundering and Terrorist Financing (Amendment) Regulations 2019.
In modernising trustee law in the UK, The Trustee Act 2000 gave trustees wider investment powers, while introducing a statutory duty of care to ensure they act prudently and in the beneficiaries' best interest.
The Act includes a standard investment criteria to guide trustees in diversifying assets and balancing income with capital growth, alongside a duty to review investments and take appropriate action.
TFM is experienced in providing investment advice, and ongoing review services, to Trustees to ensure compliance with their obligations, and to promote positive outcomes for the beneficiaries.
Trustee Investment Case Study
The problem:
The problem: Becoming a Trustee for the first time
Clients JG and CD became trustees when a close relative died.
They were appointed by their relative, the settlor of the trust, because they were close relatives.
Neither has any experience as a trustee, and neither considers themselves experienced investors.
The solution:
Working with TFM helped them to understand their responsibilities with the Trustee Registration Service, and their obligations under the Trustee Act to secure appropriate advice.
TFM took the trustees through a structured process to build their understanding and to help them avoid the pitfalls.
The outcome was an investment solution that reflected the differing needs of the different classes of beneficiaries of the trust, whilst maintaining administrative and tax efficiencies for the trustees.
“I was looking to remortgage to buy another property intented as a long term investment.
Greg was a tremendous support to me during this daunting process. He took time to listen and understand my long term goals of investing in property for my future. He was knowledgeable and was able to discuss alternative investment options with me to ensure I was making decisions. He helped me weigh up the pros and cons of available options. Once I decided on property investment, he was able to guide me through the remortgage minefield and was thorough in his explanations of different products. Again this was immensely useful in finding a suitable product tailored to my circumstances and needs.
I’ve now purchased my second investment property and feel more secure about my future.
The service Greg provided was truly faultless! I appreciated the attention to detail and personal touch of working with a family man who genuinely cared.
“We had recently sold our business and I was looking for some financial advice regarding pensions, investments and savings.
By introducing tax efficient investments and investment ISA’s, consolidating several pensions I had into one fund and providing safe, low risk investment opportunities for the funds that I was looking to utilise.
Despite the volatility of the stock market we have been very pleased with the progress to date of the various investments. The tax benefits of the VCT and EIS investments certainly helped to mitigate the capital tax charges following the sale of the business.”
About 8 years ago I turned up at Taylormade’s offices with a box of files from pensions to investments and said ‘help’. Greg walked me through the procedures and the journey I would embark on to help me achieve my financial goals. I would have no problem in recommending their services
You never bulls*it me, and I always get consistent advice.
“You are the only person I know who can make pensions sound interesting.”
“Thanks again for your financial planning and nous that has got me to the point where I can think seriously about a decent standard of living in retirement. I really didn’t think that was ever likely to happen and it certainly wouldn’t without your direction.”
“I had a number of pensions that I wanted to consolidate in preparation for retirement. I also needed to assess how much income I could generate from pensions and how my other investment could add to retirement income.
I now have a small consolidated portfolio invested in drawdown and a stocks and shares ISA with which I am willing to take more risks. Greg understands that I like to manage my own portfolio and regularly discusses the economy and different investment options related to my risk profile. He guides my investment rather than doing it all for me. He has also helped me to secure mortgages on investment properties.”
“Greg has helped me over the years with a range of financial advice: pension, investments following the sale of property, and planning for the future.”
“I needed to combine several pensions into one place and pent several hours over a couple of weeks advising me of my options while taking care to listen to all my needs.”
“Now was the time to step up my pre-retirement planning and with the complexities of pensions and planning for this critical stage in my life having a professional to guide me was essential.”
“Initially we needed to remortgage, Greg and his team were extremely helpful throughout this process. We then approached Greg to give us advice on our current pensions and arrange for a savings and investment review, again the professionalism and expertise were second to none.
His team found us a very competitive mortgage, the advice and information was superb. Gregs help with our pensions has been superlative, he has explained exactly how he can help and has kept us up to date with any and all details.”
“I had been recently widowed and I needed to consider my future and wasn’t sure where I was going financially.
Greg met with me and went over my circumstances and thoughts for the future. We discussed my options, where I wanted to be and when, he then came back with a flexible and workable plan.
I am now in a position where I feel less unsure about the future and comfortable that I can now make those important life changing decisions when I am ready.”
“I needed advice on my mortgage, pension and savings.
I had two mortgages, one of which had an endowment that wasn’t going to pay anywhere enough to cover the outstanding balance. Greg was a great help and offered sound advice. Greg has also handled my pension for a number of years and has given great advice with regards to my savings. I didn’t want to be too risky and the options he offered were perfect.
Following Greg’s advice I have now cleared my one of my mortgages and am well on the way to clearing the other one early. My pensions and savings are all doing well.”
“We recommended (she) spoke to you about her pensions after the amazing job you did for us and continue to do with our savings.”
“Taylormade Financial Management has been of huge assistance to me in organising my various financial affairs, including pensions and investments in a tax efficient manner. I would strongly recommend Taylormade for a bespoke, professional and impartial service”
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If you would like to discuss your needs and how we can help you, do reach out. We can offer you a confidential discussion with no obligation, in person or via video call.