Expert Financial Advisers for Doctors & Medical

Redwood Family Wealth & Estate Planners Ltd. is proud to provide Financial Advice for doctors, medical, dental, legal, and teaching professionals. Our services not only help you to get set up to grow, protect and enjoy your wealth now, but also by providing you with a lifetime of Estate and Financial Planning and help that helps to secure the future for you and your loved ones for generations to come.

Independent Financial Advice for Doctors and Medical Professionals

Understanding all of the options available to you to protect your wealth and plan for your retirement years is one of the most important things you will do, and so getting the right Financial Advice is key.

Redwood Family Wealth & Estate Planners Ltd. are experts in understanding your specific and unique needs as a professional doctor. We are an award-winning Chartered Financial Planning business with over 2 decades of experience providing our Client’s with expert advice and wealth management.

Our independent financial advisers will help you with help and advice on a broad range of topics, from your NHS Pension scheme, Savings and Investments, Inheritance Tax, Will Writing, and Estate Planning Services.

We understand the pressures and demands on medical professionals and that finding the time to focus on your personal financial and wealth planning can be a real challenge.

Our specialist Financial Advisers will work with you to understand your financial goals and objectives to create a financial and wealth plan that is structured to deliver the most tax-efficient return and protection for your hard-earned wealth, and your legacy.

We will also help you plan your eventual exit from the medical profession with independent financial advice to grow a pension pot that can deliver the retirement you always dreamt of, including how to best invest any tax-free lump sums you choose to draw down against your NHS Pension.

Our Financial & Estate Planning Services for Doctors

Our advisers have a wealth of experience in Financial & Estate Planning. We can help all our Doctors and Medical Professional Clients with the following advice:

Protecting your personal wealth

As a medical professional, it is all too easy to get caught up in the day-to-day execution of your professional duties and not to give a thought to what might happen if you or your partner should die.

We can help you to ensure your Will & Estate Planning are correctly drafted to protect your wealth against Inheritance Tax, Capital Gains Tax, Care Fees, Divorce, and Bankruptcy.

Protecting your loved one’s inheritance

We all want to leave a financial legacy as well as a legacy of a life well-lived for our loved ones when we are no longer alive.

As a medical professional your wealth is potentially more likely to grow to or even exceed the allowances HMRC allows before triggering a higher tax or benefit rate. So, the risk of wealth erroring to your Estate can be far greater without the right advice and Estate Planning.

Our expert Financial Advisor for medical professionals will guide you through the right Estate and Financial Planning solutions to meet your unique needs.

Wills & Powers of Attorney

If you die without leaving a Will in England and Wales, your property, money, assets, and possessions will be shared out according to the Rules of Intestacy. That’s the legal term which means that the state will decide who inherits what from your Estate, in what order, and by what percentage split.

The result of this process can be that the elements that make up your Estate can pass to someone you hadn’t intended to be a recipient, or that someone you want to pass things on to receives nothing.

We always Clients to put both a Will in place to fully protect their loved ones from the unnecessary wealth erosion of your estate.

While a Will is there to protect others when you are no longer here, a Lasting Power of Attorney is there to look after you when you no longer have the physical or mental capacity to do so yourself.

A Lasting Power of Attorney (LPA) is currently one of the most important documents you could ever create as it is the only way to ensure your health and assets can be managed how you would want them to be, should you lose capacity during your lifetime.

Mitigating unnecessary 40% Inheritance Tax

Inheritance Tax Planning is about putting proactive planning in place to make sure your Estate is held and passed down to your beneficiaries in the most tax-efficient way possible. Family wealth is often subject to Inheritance Tax as it passes down each generation, eroding that wealth for you and your loved ones over time.

However, Inheritance Tax is largely a voluntary tax, which can be legitimately mitigated, meaning you no longer have to worry about losing 40% of your wealth on death.

All of this is achievable with the right expert guidance, utilising Trust Laws, and true Estate Planning.

Trusts have been enshrined in English Law for Centuries and exist to protect your wealth so that the right money really does go to the right people, at the right time, and then stays there!

Your Pension & Retirement Planning

The vast majority of medical professionals we meet love their jobs and are passionate about working within the medical industry. However, there comes a time in life when most want to take things a little easier, or maybe stop altogether.

Whatever exit route you are considering, robust financial planning will be key to delivering a successful Retirement Plan. The sooner you start to think about and implement a Retirement Plan the greater the chances are to achieve it.

Redwood Family Wealth & Estate Planners Limited are Chartered Financial Planners and can provide a wealth of expertise and advice around Pensions including your NHS Pension, Investments, Tax management, personal and business finances, Insurance, income planning, and wealth management.

As a firm of Financial Advisers registered in England, we are authorised and regulated by the Financial Conduct Authority and have over two decades of experience helping our Clients to grow, protect and enjoy their wealth.

Personal Investments

Our Investment Advisor is a Chartered Financial Planner, qualified to provide investment advice, and can recommend a wide range of retail investment products that could meet your Financial Planning needs and objectives.

Our qualified Investment Advisors are able to advise on products that are not available from the traditional high street banks and building societies, which means we can help long term investors invest into the stock market to maximise their growth opportunities from their investments, whilst also advising you on how to improve the taxation and charges in your Investment Portfolio.

We do this by firstly understanding and establishing your investment goals.

  • What are you building your wealth for? When do you need to achieve this goal by?
  • What level of growth do you need or are looking to target?
  • Do you need capital growth, income, or both?
  • Do you need access to capital and if so, how quickly?
  • How much risk are you prepared to take to reach your goal?

Only once we have established a clear investment objective and goal with you, can our specialist start to analyse your existing investments and create an Investment Recommendation Plan designed to meet your goals, whilst reducing your costs and charges, improving the tax efficiency of your investment, and deliver your targeted returns in line with your attitude to risk.

Why is using an Independent Financial Advisor important as a medical professional?

Most people do not want to gamble with their life savings on stocks and shares in a market they may know little about. Long-term investments should be about growing your money to get the best return at the lowest risk. A good Advisor will provide you with professional, unbiased financial advice to help you get the returns you need to achieve your financial goals.

Our Investment Advisors will guide you through the options and explain the risks and benefits of different investment products and opportunities. They will even tell you about ones you never knew existed!

Our Chartered status as a Financial Planning provider, coupled with the fact that we are registered, authorised, and regulated by the Financial Conduct Authority gives you the confidence that we are a professional and trusted financial services provider.

Do you need a Financial Advisor?

We would always recommend that you take professional advice before you decide to invest your money. If you are looking at any financial products, which are not simply held in cash, it pays to get professional, qualified advice from an Investment Specialist. This fully advised route also gives you the most consumer protection, should anything with your Investment go wrong. For more information please see our post on when’s the best time to hire a Financial Advisor.

Free Estate Planning and Pensions Webinars

We are pleased to offer you access to our fast-paced Webinars free of charge and obligation.

In this FREE Wills, Trusts & Estate Planning Webinar you will learn:

  • The 5 common mistakes that make most Wills disastrous and how to avoid them
  • How to use your Will to protect your home and money against Care Fees and pay less Inheritance Tax
  • If you will benefit from the new Residential Nil Rate Band Tax Allowance
  • The critical importance of Lasting Powers of Attorney and how to use them

In this FREE Pension Planning Webinar you will learn:

  • The amazing benefits of starting to save for your Pension in early life
  • How to calculate what you need to save to achieve your retirement dreams
  • The importance of diversifying your Investment Portfolio to maximise your Pension Fund
  • The 3 Key Steps to creating and achieving your Retirement Plan
  • The alternative ways to achieve Retirement without a Pension
  • How to balance risk versus reward when setting your Pension Strategy

Talk to a Redwood Financial Adviser

At Redwood Financial, we believe in treating Clients as people, not just as a number. This “family” philosophy makes our company unique amongst many other financial advisers and is something we are very proud of.

What makes us different is our ability to work with individuals, and in particular, families as we believe helping families is the most important and rewarding thing we can do.

Our experts are ready to help secure your financial security for the future and legacy for your loved ones.

Just fill in our website contact form!

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Jasmine Lambert Chartered Financial Planner
Jasmine Lambert
Jasmine was awarded the British Young Practitioner of the Year in 2018. She is a qualified Chartered Financial Planner and full member of Society of Will Writers.
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