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Knitting business and personal ambitions together

Claire Emery

Hot chocolate and marshmallows, macaroni and cheese, fish and chips... Some things just work well together and Claire Emery, of Elsby and Co, believes accounting and wealth management are another perfect combination.

I enjoy the opportunity to present a message about accounting to readers of the Business Times. Every few months (when it’s my turn) I give some thought to an accounting problem and solution that’s likely to appeal to business owners and decision-makers.

Sometimes it is easy to overlook the obvious. We work to provide for our families, to put a roof over our heads and to be able to earn enough money to enjoy a lifestyle that we and our families appreciate.

Our basic human needs might be simple but getting to the ‘end game’ can take years of hard work, and just as importantly, it takes careful planning and expert guidance.

As accountants we like to answer questions about what we can deliver. How can you help me grow my business? How can I better manage my cash flow? Is my business as tax-efficient as it could be?

All are incredibly valid but what about the questions that are rarely brought to the fore?… How can I make more of my dividend payments? What are my limited company investment options? Are there any tax-efficient extraction methods for limited company owners and how can I use these to enhance my personal investment portfolio?

In short, a whole host of investment and wealth management opportunities are often overlooked where the accounting solution sits apart from the investment advice.

At Elsby, we work closely with our clients and understand their needs. I read recently that 95 per cent of accountants share the same processes. If this is the case, it is the five per cent that makes Elsby different and it is this difference that pushed us to form Elsby Wealth Management. This additional service means we can add that little bit more, going the extra mile for our clients.

Elsby Wealth provides fully independent regulated advice in the areas of investments, pensions, life assurance, Venture Capital Trusts, and Enterprise Investment Schemes to business owners and individuals. This sits perfectly with our accounting and advisory services, ensuring our clients business successes are matched with sound investment advice and wealth structuring, enabling them to get more from their relationship with us.

Clients have the comfort of knowing that Elsby Wealth sits under the umbrella of Financial Solutions Group which currently holds in excess of £1 billion in assets under management.

It should come as no surprise to learn that many of the world’s largest accountancy firms now have a wealth management or investment division. The fit might be as perfect as fish and chips but outside of the largest accounting firms few practices are able to provide a full ‘360 degree’ solution where your business and personal goals can be knitted together.

We can even manage this within one meeting, ensuring complete alignment between the two.