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+44 20 4577 1828Read Nina’s story of how she helped Laura bring her daughter, Melanie, into the conversation about managing the family's finances following the death of her husband.
By Nina Fischer
Investment Manager
Laura was concerned with the amount of paperwork she was receiving from different organisations. Her money was spread across two different investment portfolios. One with Dalton Steiner, one with another wealth Management firm in France and three bank accounts, as well as UK premium bonds.
When talking about money, I always think it’s a good idea to include other people who are close to you, and so I recommended Laura’s daughter Melanie join our meetings. This meant Laura would have someone else there to ask the questions she might not feel comfortable bringing up herself.
In the first instance, I suggested Laura would find it easier to keep track of her money if she had fewer accounts. She agreed and so I combined all of her accounts into one.
As a result, all of Laura’s investments are now managed by Dalton Steiner, and the family knows they can contact me any time if they need anything.
I also introduced Laura and Melanie to one of our financial planners, Simon Davis, who talked to them about inheritance tax. It’s a complicated issue and they hadn’t realised Melanie would be liable to pay this tax when she inherits money from her mother.
It’s been 4 years since Laura and I started working together and due to ill health, Laura has recently moved into a care home. Melanie now has power of attorney over her mum’s affairs. As a result, Laura’s family are now more informed about her finances and understand how her money is organised and how much she has, they are able to find the best way to support her.
Nina Fischer
Please note the client names in this story have been changed
I also introduced Laura and Melanie to one of our financial planners, Simon Davis, who talked to them about inheritance tax. It’s a complicated issue and they hadn’t realised Melanie would be liable to pay this tax when she inherits money from her mother.
Nina Fischer, Investment manager
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