Building a relationship based on trust

Kirk Newsholme – Clearly defined Independent Financial Advice
Accountants Leeds Trust n. 1. Reliance on and confidence in the truth, worth, reliability etc. of a person or body. 2. The obligation of someone in a responsible position. 3. An arrangement whereby a trustee holds property for the benefit of those entitled to the beneficial interest.

The obligations of Trustees can be complex and difficult to grasp, especially when the potentially confusing nature of the various Trustee Acts is considered. Basically, Trustees need to:

  • consider the suitability of an investment, and review on a regular basis
  • consider the need for diversification, to the extent that is appropriate for the circumstances of the trust
  • take “proper” investment advice

Kirk Newsholme Financial Planning is extremely experienced in advising Trustees – not only in helping them to action, report and document their obligations, but also in ensuring that their investments are appropriately chosen and monitored. We aim to help you by:

  • Establishing the appropriate asset allocation to arrive at a properly diversified portfolio.
  • Assessing the volatility of chosen investments to make sure you’re comfortable with the risk level.
  • Keeping you fully informed on any changes to taxation and legislation that may impact upon your clients’ assets.
  • Ensuring that legal responsibilities are met and the requirements of your trusts are maintained.

Of course some trustees choose to manage these obligations themselves. But do you really feel comfortable in taking on the full burden of responsibility for all these considerations?

The Kirk Newsholme Financial Planning Trustee Advisory Service

Kirk Newsholme offer a Trustee Advisory Service to Solicitors, Professional and Lay Trustees. The service is designed to help you comply with your duties and obligations. We cut through the complexity to support you and your clients, providing the investment advice while you retain absolute control of the relationship with both the settlor and beneficiaries.

The service includes:

  • Creation and maintenance of an “Investment Policy Statement”
  • Asset allocation
  • Investment advice
  • Tax and “wrapper” planning
  • 24/7 online access
  • Ongoing review and rebalancing
  • Consolidated tax certificates

By visiting the Trustee Advisory Process page of this website you can find out how the service works in practice. We’ve also prepared some key questions to bear in mind when you’re ensuring that you’re in a position to meet your dutiesas a Trustee as fully and effectively as possible.

To find out more about our services for Trustees, contact Peter Blinkhorn or Richard Leonard online or
call 0113 204 4224.

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Confidence. Not confusion…
“Kirk Newsholme’s Trustee Advisory Service has helped me address my duties as a Trustee with fresh confidence. There are a great many potential pitfalls and I would recommend anyone in my position to make sure they have advisors they can rely on.”
Key Questions for Trustees to consider
  • Do you have an Investment Policy Statement (IPS) for all your trusts?
  • Do you have total clarity on the beneficiaries’ objectives in the short, medium and long term?
  • Do you know how your client’s investments are performing against their goals on an ongoing basis?
  • Do you know the total value of all the trusts under your control as a Trustee?
  • Do you have the time to keep your clients up to date with changes in taxation and legislation that may impact the financial goals?

If you could answer ‘Yes’ to all of these questions, wouldn’t you be able to enjoy a great deal more confidence in your ability to meet your Trustee duties effectively?

Kirk Newsholme Financial Planning can help you. Please
contact us now.