10 clients in need of financial advice and how to identify them

By Pat Seaward, Business Relationship Manager at Legal Futures Associate SIFA Professional

Do the following clients look familiar to you?

Ensuring you always act with integrity and in your clients best interests of course governs how you work. Being able to identify which clients require complementary financial planning and at what stage of the legal process is therefore essential.

Below are ten existing or future client types who might need legal and financial advice to be offered hand in hand:

  • The Estate Planner
  • The Personal Injury Litigant
  • The Bereaved
  • The Investor
  • The Trustee
  • The Business Owner
  • The Homeowner Releasing Equity
  • The Redundant Executive
  • The Broken Relationship
  • The Expatriate

The above client scenarios are encapsulated within a smart leaflet called ‘10 Clients’ that is part of our suite of client guides and leaflets available via your local SIFA Professional financial advisory member firm, that have been designed to aid a collaborative discussion with your clients, so you can provide joined-up legal + financial advice service. Other guides and leaflets available are:

  • Client Guide – When a relationship breaksdown
  • Client Guide – Planning for Later Life
  • Client Guide – Estate Planning
  • Leaflet – Client Referrals for financial advice (under new SRA rules and regulations)
  • Leaflet – Beyond Transparency

SIFA Professional as an organisation is proud to be an approved partner of the Law Society since 2008. Our members are uniquely placed to assist you, being as they are dedicated to supporting the relationship between legal and financial and are well versed in the SRA rules, that govern third-party referrals.

As a specialist support provider to these financial planning firms, we ensure that our members are kept informed of SRA developments and changes to guidance and governance, with a key focus on continued competency, transparency and referrals. You can look to a SIFA Professional member to assist with the due diligence requirements, in order that you can have that peace of mind and confidence that your clients will be in a safe pair of hands.

To begin your search for the right financial planner, visit the SIFA Professional Directory, https://www.sifa-directory.info/ which hosts the details of financial advisory firms across England and Wales.


Associate News is provided by Legal Futures Associates.
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