Our Services

&

Charges

Tel: 0845 319 8322 Email: info@lbfinancialsolutions.com www.lbfinancialsolutions.com Offices in Colchester • London • Chelmsford • Ipswich

Objectives

We aim to provide product recommendations to

cover a wide range of situations whether this is

protecting the financial position of your family and

business, arranging mortgages; helping you plan

your savings for specific purchase or for your

retirement and dealing with more complex

investment advice or tax planning.

The objective of our investment advice service is

to put in place specific product solutions to enable

you to meet your financial goals and then regularly

review the performance of those solutions to help

you to remain on track. In order to achieve this, we

follow the process set out below, which is broken

down into six stages:

1. Initial consultation

2. Getting to know you

3. Research and analysis

4. Report of recommendations

5. Setting up the solutions

6. Checking this are on track

About Us

LB Financial Solutions was formed purposely to

compliment the accountancy services offered by

LB Group, both to its existing and new clients.

We’ll look after the financial planning needs of

both you and your business in parallel to the tax

planning work of LB Group, keeping all elements of

your finances in tune.

Our business consists of three Diploma Qualified

Financial Advisers who between us have been

helping people achieve their financial goals for

over 50 years. We each have different

backgrounds within financial services providing an

excellent blend of knowledge and perspectives to

draw on.

As existing clients of LB Group ourselves, for our

own accountancy needs, we each have first-hand

experience of the high level of quality advice,

planning and delivery synonymous with the LB

brand. This is the level of professionalism which LB

Financial Solutions has been built on.

Our Aim

Our primary aim is to continue the high quality

service you will be used to, with the emphasis on

complimenting and building long-term

relationships. Our advice is not just based on your

situation today but your goals and aspirations for

the future. These will change over time, which is

why we are committed to regularly reviewing your

circumstances to ensure your financial planning

adapts along the way.

With a refreshing attitude to financial services and

through the process of collaboration we put you at

the heart of everything we do. We’ll help build a

plan to deal with the common goals of reducing

any debt, maintaining a particular lifestyle and

increasing your wealth. By getting to know you and

understanding your needs and attitudes we will

always be able to provide you with a trusted

opinion.

1. Initial Consultation

We will meet with you to initially understand your

personal circumstances and what you would like to

achieve, help you understand the benefits of using

our services, outline our associated costs and give

you the opportunity to appoint us.

2. Getting to know you

This could involve a specific review of your current

arrangements in relation to a particular issue you

feel requires attention or could involve your entire

financial situation. Any or all of the following issues

could form part of our review service and we

would agree this at the initial consultation;

Business Protection Review

An assessment of the threat to your business if

something were to happen to you, other

shareholders and Directors or Key personnel the

business relies upon. This is an area of planning that

is often missed but the risks have the potential

destroy a business that isn’t correctly prepared.

Lifestyle Financial Planning

Creation and implementation of a strategy to

enable you to achieve your objectives, which may

include solutions for borrowing a new mortgage or

paying one back as soon as possible, saving for

school/university fees, investing for other specified

goals or even using your assets to raise an income in

retirement.

Estate Planning

A review of the impact that Inheritance Tax

could have on the value of your estate. Where a

liability exists we can provide solutions to

reduce this cost. Consideration for the use of

Trusts to protect your wealth and make sure the

maximum is passed to those you wish. Writing

of a Will or your Lasting Powers of Attorney.

Pensions Review & Retirement Planning

A review of existing pension arrangements, the

potential benefits of using a platform to monitor

your pension funds, guidance on generating income

in retirement, including annuity purchase, capital

protected annuities, impaired life annuities, income

drawdown & more.

Protection Review

An assessment of any life or health protection

policies you currently have in place, whether

these have been arranged efficiently for tax

purposes, the level of cover they provide and

how suitable these are to protect the lifestyle of

you and your family.

Holistic Financial Report

This is the ideal option for someone looking at their full financial situation. The report will not make specific

product recommendation but instead highlight the areas where there is a need for both short and long term

planning. The report will provide the milestones to reach your ideal financial position.

Investment Review

An objective assessment of your risk tolerance

and complete review of existing investments

held, including the interest rates applicable on

cash deposits. Considering the use of ISA’s,

bonds, collective investments such as unit trusts

and other mutual funds.

3. Research and analysis

Once we understand more about you and your

circumstances we will then carry out product

research to enable us to identify the most suitable

recommendations to help you reach your goals.

If you require we can produce a full analysis of

areas that we feel you should consider over the

course of time. These may not be immediately

achievable, but will provide you the ideal financial

solution to work towards, potentially highlighting

issues you may not have considered.

4. Recommendations

Once we have help you to prioritise your

immediate needs we will present back to you our

report detailing the results of our research and

making personal recommendations including

specific product solutions that will support you in

achieving your personal needs & objectives.

5. Setting up the solutions

This process only begins once we have your

agreement on the arrangements to be put in place.

This will involve arranging investments or other

products, such as protection planning, on your

behalf or may extend to implementing a specific

financial planning process, such as estate planning.

We will act as the intermediary between the

product provider(s) and you with a view to

arranging the purchase of the Retail Investment

Products as we have agreed.

6. On-going Review Service

An on-going relationship with our clients has always

been integral to our business, as we believe that it

can add significant value to both individuals and

businesses.

Dependent upon your circumstances the future level

of interaction required may vary but the main

purpose of this is to monitor your on-going position

to ensure that the products continue to meet your

requirements.

Through regular reviews we can also develop the

planning strategies over time to take into account

your changing circumstances and objectives as well

as developments in economic conditions, legislation

(taxation etc.), new ideas and financial products. We

are able to offering differing levels of on-going

service to suit your current requirements.

Initial Services & Costs

Charges for the design, production and

implementation of a financial strategy are

calculated as follows:-

Holistic Financial Review

To collate, research and compile the report we will

charge a fee of £750.

In Respect of Lump Sum Investments and

Single Premium Pensions

The initial charge is calculated according to the size

of the transaction, as set out below:-

4% of the first £150,000,

3% on the next £100,000 and

2 % on any balance

In Respect of Regular Premium Pensions

(For a maximum 12-months’ premiums)

The initial charge is calculated according to the size

of the transaction, as set out below:-

50% of the first £250 of monthly premium

30% of the next £500 of monthly premium

10% of any amount over £750 of monthly

premium

Protection Assurance

For Protection Assurance which incorporates Life

Assurance, Income Protection & Critical Illness

products we are paid a commission by the product

provider if you take out a plan.

Mortgages

We charge a fee of up to 1% with a minimum fee of

£495 for mortgages and we will also be paid a

commission from the lender chosen. Alternatively

you could receive the commission from the lender

and pay us a fee of typically £995. The level charged

will be dependent upon amount of work involved.

General Insurance

For General Insurance products that include Home

Buildings and/or Contents we are paid a commission

by the product provider if you take out a plan.

Additional Services & Charges

Should you require any additional services or

bespoke work carried out over and above our

recommended service standards we apply an hourly

rate. Prior to any work being agreed and carried out

we will give an indication of the approximate amount

of time that these tasks might take. These additional

charges might be paid by single payment of via

regular monthly retainer payments.

The hourly rates are charged as follows;

Advice £175

Para Planning £75

Administration £50

Travel £50

All the fees outlined will be payable on completion of

the work & VAT will be charged where appropriate.

Services & Costs

On-Going Services & Costs

Set out below are the detailed elements for the indicative levels of on-going service that we offer. You

can if you wish to, add or enhance levels of service if you feel appropriate. Our charges for these

services can be seen below

Transactional Advice – A straightforward service to assist with a product sale with no on-going service

required after the initial transaction is complete.

Financial Advice – This service is typically centred on immediate client issues and needs that require

initial analysis and recommendations with on-going limited advisory updates.

Financial Planning - A more comprehensive service aimed at initial analysis, recommendation and

implementation in line with client’s immediate needs with an on-going review and recommendation

service to adapt to clients changing needs and circumstances.

Wealth Management - Building on the Financial Planning service above, this service offers more

frequent review and opportunity to ensure clients are kept informed of performance and maintained in

line with client’s circumstances and objectives. This may well include consultation with other specialist

advisers.

On-going Service Proposition Wealth

Management

Financial

Planning

Financial

Advice

Transactional

Advice

Level of Funds under Management £250k+ £250k -

£50k

£50k- £25k £25k>

Review of Investment performance, current

holdings & Investment commentary

Every

6 months

Every

12 months

Annual Face-to-Face review meeting. Covering:

• Re-assessment of Personal Circumstances

• Review of Goals & Objectives

• Fund Switching & Rebalancing as

appropriate

• Regulatory and Taxation updates

✓ ✓

Annual Valuation ✓ ✓ ✓

Annual Risk Profiling ✓ ✓ ✓

Annual Telephone Advisory Update ✓

Bi-Monthly E:Newsletter ✓ ✓ ✓ ✓

Support Services

Telephone and email access to professional adviser ✓ ✓ ✓ ✓

Dealing with inquiries & changes to your plans ✓ ✓ ✓ ✓

Liaising with providers on your behalf ✓ ✓ ✓ ✓

Introduction to professional legal services ✓ ✓ ✓ ✓

Liaising with your other professional advisers’ ✓ ✓ ✓

Annual Service Charge 1% 1% 0.75% n/a

Subject to minimum fee £2,500 £500 £250 n/a

Tel: 0845 319 8322 Email: info@lbfinancialsolutions.com www.lbfinancialsolutions.com Offices in Colchester • London • Chelmsford • Ipswich

The value of the investment can go down as well as up and you may not get back as much as you put in.

Your home may be repossessed if you do not keep up repayments on your mortgage.

LB Financial Solutions Ltd is an appointed representative of Intrinsic Financial Planning Limited, which is authorised

and regulated by the Financial Services Authority.

Proposition Engagement

This document represents our standard Terms of Engagement, upon which we intend to rely. For

your own benefit and protection you should read these terms carefully before signing below. If you

do not understand any point please ask for further information.

You should seek legal advice in respect of your own specific requirements to ensure the validity of

this agreement.

Initial Fees; please select one of the following options;

Tick this box if you agree that our initial Fees are to be deducted from your investment

Tick this box if you agree to pay our initial Fees by cheque/bank transfer

On-Going Management Services; please opt in or out of on-going services below;

Tick this box if you require our Transactional Advice service.

Tick this box if you require our Financial Advice service

Tick this box if you require our Financial Planning service

Tick this box if you require our Wealth Management service

Customer Name(s)

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signature(s)

Date of issue