San Francisco, California
London, United Kingdom
CHARTERED CONNECTIONS EVENT | 26 OCTOBER | MANCHESTER
ST JAMES CLUB
45 SPRING GARDENS, M2 2BG
Having spoken to several chartered advisers we came to the conclusion that, if we can spend one hour on an early morning listening to a professional connection, then why not spend another hour widening our skills?
Following on from the successful case study based approach to these sessions from a professional connection, a new slot has been introduced for your techincal development this month. From next year a third slot for your personal development will be included.
These two additional slots will take the TED style format, with the speakers tasked to get their message across in less than 20 minutes. When it all comes together we should be able to go away in two hours having heard some good stories with lessons from a connection, x-ray a technical area and finally gain some inspiration on how to be a better adviser.
All at no extra cost to you!
08am - 08:30: Breakfast
08:30 - 09:00: First Speaker
09:10 - 09:45: Second Speaker
09:45 - 10:am: Close
A full English breakfast or Continental breakfast will be served on the day. Please email me your choice of the two directly at: firstname.lastname@example.org
This session will see two speakers:
- John McCaffery, tax partner at Alexander & Co. Chartered Accountants
- Ben Roberts, investment director at Brooks Macdonald
John McCaffery – The importance of getting entrepreneur’s relief right
A trading company that runs a computer component manufacture and distribution business with some interesting shareholders:
- Mr. Founder – Age 74, 51% of the shares and also holds a small property portfolio. Two sons from a former marriage who are in their late 30’s / early 40’s but have no interest in the business. Son from a current marriage who is 14 and attends a fee paying school.
- The Former Mrs. Founder – Age 67, 25% of the shares but is not a Director or employee and agreed to take the shares as part of a divorce settlement.
- The current Mrs Founder – Age 45, 24% shareholder and is an active Director within the business.
For a number of years, the company did not pay out dividends as Mr Founder and the current Mrs Founder did not want the former Mrs Founder to receive such payments. For her part Mrs Founder was considering selling out her shares. In addition, Mr Founder has received a visit from an IFA who made the following suggestions:
- Transfer company shares to a trust to protect the asset and prevent cash falling into people’s IHT estates if and when the company is sold. It would also test whether the company share qualify for BPR
- Put a holding company on top of the existing company and transfer up reserves as this will protect the reserves in the event that the trade company goes into Administration
- Move some personal investment properties into the company. Provided that this does not drop the trade below 50% in the company the properties are protected from IHT.
- When your son goes to university give him some shares in the company – this will mean you can pay him dividends and then he can just give you the shares back when he leaves.
With respect to the company, Mr Founder has told us the following:
- There are 5 key members of staff that he would like to incentivise. What are the options for doing this?
- They have just installed a new production line to start producing a new product and this has meant that some structural changes were required to the factory to install the new line.
- EffectiveRemuneration planning
- Understanding Alphabet shares – when they are useful and when they aren’t
- Understanding the options to exit a shareholder and the issues this gives rise to
- How to make sure your client’s are set up for Entrepreneurs relief and what can impact on this – and understanding some of the recent change in rules regarding partnerships and joint venture companies
- Knowing when trusts can be a good and a bad idea
- The importance of considering all of your client’s circumstances
- The importance of considering the pay off between IHT and Capital Gains Tax
- The importance of considering The risks of transferring shares to family members
- An outline knowledge of some tax planning opportunities that mean you can add value and benefit your client – EMI, R&D, Capital allowances, Patent box.
Ben Roberts – The fundamentals of investing
Imagine you get an enquiry from a client with a £1m portfolio. What must you do to win their business? When a patient goes and sees a doctor they might look healthy, but a blood test and x-ray might highlight ‘hidden issues’.
- What are the fundamentals of investing?
- What you need to be aware of when analysing a portfolio
- The key ratios that can explain performance and efficiency
- A look at stock selection (from the school of Warren Buffet and Terry Smith)
- Risk/reward matrices
- How these are used to create and manage a portfolio evidencing skill
When & Where
Personal Finance Society
Our mission is to lead the financial planning community towards higher levels of professionalism, exhibited through ethical and behavioural standards, skill and technical knowledge to the ultimate benefit of the profession and the consumer alike.
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