The importance of strategic alliances and business associates

Dec 19, 2018 | Tony Byrne's View

Having run SMEs, small and medium sized businesses, for more than 30 years I have found the help and assistance of strategic alliances and business associates invaluable. The reason why is simply the fact that a business of our size does not have the in-house resources of a large business so outside help and advice is really important. No man is an island, as they say!

So let me tell you about some of our key outsourced businesses, which combined with our own in-house services enable us to provide the service of a large firm but with the friendliness, warmth and service of a small one.

The main businesses we work with are as follows;

Threesixty
Succession Group
Pensionhelp
KRW Accountants
Independent Healthcare Solutions
Business Financial Services
Bubble Marketing
Citrus Mortgages
Care To Be Different

In addition to the above we will introduce clients to various more specialist service providers in areas such as equity release, specialist insurance, group schemes and specialist mortgages which are basically advice areas we have chosen not to provide.

So let me tell you more about the main businesses we work with, named above.

Threesixty

Threesixty is a key company we have worked with for about 10 years. Both Wealth And Tax Management and our sister fund management company, Minerva Money Management retain the services of Threesixty. Threesixty is a support company that provides regulatory, compliance, training and general support services for Independent Financial Advisers, Discretionary Fund Managers and Fund Managers.

Succession Group

We became members of Succession Group at the beginning of this year. Succession is an acquirer of IFA firms as well as a consultancy firm. It has become the largest independent wealth manager in the UK. We use their resources as members as we have no intention of selling our business to them. Succession has also added our sister company Minerva Money Management’s Intelligent Wealth Fund to their wrap platform.

Pensionhelp

Pensionhelp is a company that specialises in reviewing final salary pension schemes. It works with the clients of IFA firms who refer their clients to them. Although I am an authorised and regulated Pension Transfer Specialist I choose not to advise on final salary pension transfers because I consider it too high risk for a small firm like ours. It has the added advantage of Pensionhelp being independent of us so their advice is totally independent as they are paid whether their advice is to transfer or not.

KRW Accountants

KRW Accountants are our accountants, headed up by their founder Keith Witchell who is a tax specialist accountant. Not only has he and his team provided us with much valued advice over the years but also to various clients of ours who we have referred to him.

Independent Healthcare Solutions

Independent Healthcare Solutions is a specialist private medical insurance broker that has helped both me personally and our clients to both save money on their insurance and also to secure better cover.

Business Financial Services

Business Financial Services, BFS for short, is a business finance broker based in Northampton which advises businesses on how to raise both equity and debt capital.

Bubble Marketing

Bubble Marketing is a specialist marketing agency for businesses.

Citrus Mortgages

Citrus Mortgages is a mortgage broker based in Milton Keynes.

Care To Be Different

Care To Be Different is a specialist firm headed up by Angela Freeman which specialises in offering information and advice on NHS Continuing Healthcare for people admitted into nursing homes who need advice on getting free care fees funding from the NHS.

So if you are seeking advice on virtually any aspect of your personal or corporate financial planning do not hesitate to ask us for advice. If we cannot help you, we know people who can. You know it makes sense.

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