FINANCE
Wealth management – Baines Jewitt Financial Management’ s( BJFM) team includes experienced advisers Ian Stokoe( left), Paul Cornish and Michael Duffield( right).
“ This means we can make sure our tailored services always reflect the needs of the people in our local area.”
And that expertise – with a knowledge pool available in the same building – makes Baines Jewitt and BJFM something of a one-stop-shop for accountancy, tax, business support, financial advice and wealth management services.
Chartered financial planner Michael Duffield explained:“ Something that makes us a bit different – our unique selling point, if you like – is that we have the team and expertise in place that allows us to not only do all the areas of financial planning that most people understand, such as pensions, investments, retirement planning and protection, but we’ re also really strong on wealth management, which is a service for people whose situations are a bit more complex.
“ In our experience, this tends to be high-net-worth individuals and business owners who typically require advice around inheritance tax and generational financial planning. This is where we ensure wealth is utilised in the best way so current and future generations can benefit.
“ To achieve this we work alongside existing solicitors and accountants to
We’ d like to let the wider Teesside community know we are here to help with all financial planning needs, including investment advice, tax planning, retirement planning and cash flow modelling.”
provide a cohesive and comprehensive financial plan. We believe the best way to help these kinds of clients is to have trusted advisers all working together.
“ This helps to overcome the complexities that can crop up at any time due to changes in legislation or personal circumstances. A recent example is the government’ s proposed changes to the inheritance tax landscape, arising from the chancellor’ s November Budget.
“ One impact is that people who rightly believed pensions sat outside people’ s estates for inheritance tax could, from April 2027, be subject to an unexpected inheritance tax bill.
“ It’ s estimated that 50,000 more estates will have to pay inheritance tax in the future due to these changes. This means more people will require more nuanced tax planning, which is just one of the many things we can help with.”
And BJFM is keen to get the message about financial planning out there.
Ian Stokoe, senior financial planner, added:“ We’ ve been providing high-quality independent advice since 2012, but we’ d like to shout a bit louder about it.
“ In particular, we’ d like to let the wider Teesside community know we are here to help with all financial planning needs, including investment advice, tax planning, retirement planning and cash flow modelling.
“ And on the wealth management side, we provide inheritance tax planning, trust planning, corporate financial planning, business protection and commercial property SIPPs( self-invested personal pensions).
“ Baines Jewitt Chartered Accountants has an excellent reputation – people know the firm locally and further afield – but they don’ t really know BJFM as well yet.“ We are two separate businesses, offering complementary services – but by working together we can provide joinedup solutions for our clients.”
To find out more about BJFM, visit bjfmltd. co. uk or email enquiries @ bjfmltd. co. uk
The voice of business in the Tees region | 39