TaxAssist Financial Services launched for UK clients

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10 October 2022

TaxAssist Financial Services launched for UK clients

The TaxAssist Group has rolled out its financial planning offering to meet clients’ needs and drive new income streams for TaxAssist franchisees.

TaxAssist Accountants has cemented its position as the one-stop-shop for individuals and businesses through the launch of its new financial services offering, with clients now able to access advice and support on mortgages, personal protection, relevant life cover and business protection. Wealth planning and pensions advice will be offered soon.

TaxAssist Financial Services is a TaxAssist Group Company headed up by Managing Director, Matthew Tyerman ATT DipPFS, who also owns and operates a TaxAssist Accountants franchise in Hove. Matthew has been running a successful pilot project in his own franchise territory, while gradually rolling out services and building a team of advisers at TaxAssist’s Support Centre, who can now deliver their service to all corners of the UK.

“It is clear that accountancy practices can generate significant fees and commissions from financial services work and we expect this to become even more relevant as clients look for more rounded and joined up advice for their business and personal situation,” said Matthew.

“TaxAssist Financial Services can now help clients to raise finance, protect their business and loved ones, maximise their return on pensions and investments and plan for the future, all in a tax efficient manner. From my own experience, the TaxAssist client base has been eager to explore the new range of services and I’ve been very impressed with the take up and the solutions already delivered.

“This represents a huge opportunity for franchisees, with an extended range of services, providing a competitive advantage over local firms. It will also generate a passive income stream for introducers, earning a generous 20% commission on everything ever earned. Remarkably, this includes ongoing advice fees on investment value together with trail commissions – an arrangement rarely offered by financial advisers. Furthermore, Franchisees will also earn commission on any new clients we acquire in their territory even if they are not a client of the franchisee. This opens the market up even further for the franchise network.”

Daren Moore FCCA, TaxAssist Group’s Managing Director said, “We see significant opportunity for TaxAssist Financial Services, offered through our UK network of shops and offices for both clients and franchisees, with the same brand and the same excellent service levels and customer care.

“The new service lines will build on existing client trust and knowledge of clients’ financial affairs and will also improve customer loyalty, as well as attracting more clients who may initially be interested in financial planning, but then require accounting and tax services as well. New income streams will also increase the resale value of our network’s practices.

“Extending the TaxAssist portfolio offers enormous potential for growth and creates huge value to franchisees. With more services in the pipeline, including trust and estate planning, which will be offered as a joined-up service with our in-house Tax Consulting team, this enhances the brand and puts us several steps ahead of the competition.”

The experienced team of independent advisers includes, Mortgage and Protection Adviser and Team Manager, Matt Tansley Cert CII (MP), Mortgage and Protection Advisers, Robbie Dougal CII (MP), Hatty Lawrence Certs CII (MP&ER), Grant Wilby CeMAP, Simon Restieaux CeMAP CeRER and Chartered Financial Adviser, Richard Taylor MBA APFS. A significant recruitment drive for additional staff is predicted over the next few years.

The current range of services offered by TaxAssist Financial Services includes mortgages, encompassing residential, re-mortgages, buy-to-let, commercial and equity release. Life insurance, critical illness insurance, income protection, family income benefit, relevant life policies, keyman, shareholder protection and group policies. Advice on investment and pensions will commence in the next few months, along with plans to have regionally based IFAs operating from franchisees’ local shops and offices.

If you’re keen to build your own practice, a TaxAssist Accountants franchise can provide the systems and support you need to be successful. Regular Discovery Days are being held, where you can find out more about TaxAssist Financial Services, and the technical, marketing and business development support on offer to franchisees.

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