Personal wealth accountancy services

We think recognising your goals as a family is pivotal to offering the advice and service that you then require.

The goal of Barnett Ravenscroft is to ensure the success of your family business. This includes the generation of profits and distribution of such together with ensuring that all wealth is maintained and protected within the family.

The advice that we offer on this basis centres around shareholdings within the family, when to give shares down to generations, when not to and the pitfalls of doing such. This could be potential future matrimonial issues that can result in shareholding moving outside of the families which we want to ensure would not be the case.

We also offer advice around school fees and further family issues that come about when children and grandchildren start to enter the family business and be discussed around the financial planning of such.

Barnett Ravenscroft has a wealth of experience in assisting clients in arranging all aspects of both their personal and business succession and estate planning.

Succession planning entails developing a strategy which ensures that the assets of individuals and their business are transferred to the right people, at the right time in the most tax efficient manner but at the same time preserving sufficient assets and income in their own right to ensure a happy and financially secure retirement.

We work closely with clients over a long period gaining a strong understanding of their needs and desires in order to assist them in developing a strategy that achieves what they want and is efficient and commercially sound.

There are a large number of factors to take into consideration when considering succession and estate planning and we ensure that clients take all of these into account before deciding on the best plan.

It is our belief that clients need to review their long-term planning on a regular basis and we always work closely with them to achieve this.

We can assist in the preparation of a will working closely with solicitors to ensure that all areas are considered and included as necessary. We also act as executors for a number of our clients giving them peace of mind that their financial affairs will be conducted as they would wish after death.

We look after all aspects of succession planning, such as:

Wills, spouse arrangements, lifetime gifts, succession planning, reorganising business interests, superannuation and pensions, estate planning, family trust arrangements and probate administration.

Executing a successful exit strategy could be part of your plan.

Many entrepreneurs or investors dream of changing ownership after a period of time in order to recoup their investment and more.

An exit strategy is all about having a plan and method to execute your exit successfully. Common strategies can include another company acquiring the business, sale of equity in the business or management buyout.

At Barnett Ravenscroft we want to ensure you have a strategy in place and know how to go about executing it when the time comes. We have been involved in a host of acquisitions, mergers and buyouts and so we can provide advice and guidance to help you to plan your future.

Barnett Ravenscroft founder Philip Barnett previously introduced a system of keeping clients key documents regarding their estates in what he called the ‘BR bible of documents’. This is a service which we are now offering to all of our clients.

The BR Bible is a master folder of your key documents that is kept safely in secure storage at our office. It encompasses items such as:

Your wills, your powers of attorney, any deeds for property owned, details of other investments, where they are held and key contacts , details of any life insurance documents etc.

The main benefit if that you will know exactly where all your key documents are at any one time. We can also review all of these with you periodically and update any documents, as necessary.

Another advantage of the BR Bible is that it can help you to focus on your estate planning. Having all your key information to hand allows us to look at your inheritance tax position and advise accordingly if any changes can be made to minimise your IHT exposure.

In the unfortunate event that anything should happen to you, we will also be in a better position to help handle your affairs without the need to go searching for your documents.

At Barnett Ravenscroft we are conscious that after assisting clients to run a successful business and to create wealth it is essential that this position is protected and maintained.

We believe that in the current world wealth management is a very specialised area and to ensure that our clients have the best advice we have a dedicated company, Barnett Ravenscroft Wealth Management.

Their services encompass:

Lifestyle planning, investment consulting, global custody and investment reporting, risk management, tax planning, trusts and estate planning, family wealth preservation and business succession planning.