Next two more existing clients, a married couple looking at inheritance tax planning. We discuss the merits of various trust arrangements.
I do a fair amount of inheritance tax planning work, although my starting position is usually to err on the side of caution, making sure clients understand and accept any downside risks before going into the benefits in great detail.
My final meeting of the day is a prospective new client. She has a sizeable investment portfolio but no real strategy. She holds six separate pension pots and is not sure how any of them are performing. I explain the benefits of a joined-up approach and agree to prepare an initial report to confirm how we could help and the cost for our services.
After a day of meetings, I am delighted to head to the gym again this evening.
Friday
I am in the office early to go through some of the paperwork from yesterday’s meetings.
It is then time for our monthly team meeting. This is hosted by Steve Hearn, who manages our Chester-based advisers, and is a great opportunity for me to catch up with the other advisers to discuss what has been happening and to address any problems or issues.
Chris Parker is an IFA based at Chase de Vere’s Chester office
