Q&A with John Westwood – chairman at Blacktower Financial Management
Past few years have made it ‘incredibly difficult for smaller IFA firms to grow’
Past few years have made it ‘incredibly difficult for smaller IFA firms to grow’
Gavin Pluck and John Westwood spoke to IA about Blacktower’s expansion plans
Complex marketplace makes it difficult for clients to navigate pool of products
‘A rash decision could have an irrevocable impact on your savings and investments’
Impact of recent regulations and Brexit are going to change the rules of the game
It is vital to get any new relationship off on the right foot, especially when money is involved. Understanding the questions that prospective clients should be asking, can help advisers ensure they are the right person to meet that client’s needs.
The UK government’s shock decision to impose a 25% charge on transfers to foreign pension schemes announced in the Spring Budget could go as far as to “shut down” the Qrops market, according to industry observers.
John Westwood, managing director and founder of European IFA firm The Blacktower Group, has taken over as chairman at the Federation of European Independent Financial Advisers (Feifa).
Now at the helm of Blacktower, John Westwood is steering the wealth management business into new international markets, sailing steadily on-course in a rapidly changing market.
Blacktower Financial Management (International) said it has agreed to a partnership deal with Expat4sure, an expat-focused car, home and contents insurer based in Marbella, Spain, to provide financial advice to the insurer’s clients.
The defeat for UK state pensioners in the European Courts has highlighted the importance of advice.