2018 RANKING & REVIEWS
BEST FINANCIAL ADVISORS IN LEEDS, UK
2018 Ranking and Review of the Best Financial Advisers in Leeds, UK
Leeds is the third largest city in the UK. It’s currently one of the biggest business centers in the United Kingdom, outside of London. Historically, Leeds was a booming manufacturing city with a growth that was fueled by a rich wool industry.
In the last few decades, it has made the successful transition towards focusing on financial services. With more infrastructure developments it is poised to rival London by joining forces with its fellow metropolis in the north, Manchester.
With such a thriving financial services industry, it’s only expected that there are people in need of a financial adviser in Leeds—and plenty of financial planners in Leeds who are willing to oblige.
We’ve rounded up some of the top picks for financial advisers and planners in the UK to make your selection process a lot easier.
Award Emblem: Top 7 Best Financial Advisers in Leeds
Top 8 Best Financial Advisors in Leeds, UK | 2018 Brief Comparison & Ranking
|Financial Advisors in Leeds, UK||Highlighted Features||2018 Ratings|
|Allied Financial Services Ltd.||Long-term approach to financial planning||5|
|Armstrong Watson Financial Planning Limited||Chartered Financial Planners||5|
|Clayton Holmes Naisbitt Financial Consultancy LLP||Transparent, long-range focus||5|
|Garbutt + Elliott||Unique expertise in family businesses & corporate clients||5|
|Leodis Wealth||Client-centric core values||5|
|Martin Hirst Financial Consultancy||Assistance with mortgages||5|
|NBS Financial Planning Ltd.||Independent, fee-only firm||5|
|Macintosh James & Partners||Customised financial planning process||3|
Table: Top 8 Best Financial Advisors in Leeds | Above list is sorted alphabetically
How Do You Find the Best Leeds Financial Adviser for You?
How exactly does one go about finding a financial adviser in Leeds?
It does depend on what you need a financial adviser for. If you are an American looking for a financial adviser in Leeds, the landscape may be a tad different from what you’re familiar with.
In the United States, the term financial adviser or “financial advisor” usually refers to an individual who helps high-net-worth individuals manage their assets. In the United Kingdom, there are several different categories of financial advisers who assist all sorts of people.
Financial advisors in Leeds and elsewhere in the UK may go by different names, depending on what their specialty is, but they are ultimately regulated by the Financial Conduct Authority (FCA). For the purposes of this publication, there are two general categories of financial advisers registered in the UK:
- Independent Financial Advisers
- Restricted Financial Advisers
Both have to pass the same qualifications and adhere to the same standards set by the Financial Conduct Authority, but they are different in the kind of service they offer.
An Independent Financial Adviser in Leeds can recommend a broad range of products from across the financial services industry. A Restricted Financial Adviser, on the other hand, is limited to specific products and will only recommend those products whether they are mortgages, insurance, or investment assets.
A Restricted Financial Adviser cannot refer to themselves as an Independent Financial Adviser or tell a client that they offer independent advice.
Best Leeds Wealth Management Firms
AdvisoryHQ’s Selection Methodology
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Detailed Review of the Best Financial Advisors in Leeds, UK
Below, please find the detailed review of each firm on our list of the best financial planners in Leeds. We have highlighted some of the factors that allowed these Leeds wealth management firms to score so high in our selection ranking.
- Allied Financial Services Ltd
- Armstrong Watson Financial Planning Limited
- Clayton Holmes Naisbitt Financial Consultancy LLP
- Garbutt + Elliott
- Leodis Wealth
- Macintosh James & Partners
- Martin Hirst Financial Consultancy
- NBS Financial Planning Ltd
Click below for previous years’ rankings:
- 2016 Review: Top 7 Best Wealth Planners & Advisors in Leeds
- 2017 Review: Top 7 Best Financial Advisors in Leeds, UK
Allied Financial Services Ltd Review
Allied Financial Services Ltd is an independent Leeds wealth management firm that was founded in 2005.
Allied Financial Services does not explicitly say whether they are a fee-only or fee-based wealth management firm in Leeds. As always, we recommend verifying compensation structure before partnering with any financial adviser in Leeds.
Key Factors that Enabled Allied Financial Services to Rank as One of the Top Leeds Financial Advisors
Wide Range of Financial Services
The Leeds financial advisors at Allied are well-prepared to help clients address a variety of financial challenges, including:
- Protection—Guarding your finances against death, illness, and more
- Wealth Management—Plans to help you save and invest according to your unique goals
- Pre-Retirement—Helps identify the right pension plan for your needs
- Post Retirement—Helps eliminate confusion from the complexities of a pension income
- Equity Release—Advises elderly home owners on how to properly release equity in their home
- Auto Enrolment—Guidance through pension legislation for auto enrolment
- Long Term Care—Assistance for elderly clients from an accredited Society of Later Life Adviser
- Estate Planning—Reduces inheritance tax liability
Comprehensive, Long-Term Plans
When it comes to Leeds IFAs, we like that Allied has chosen to forge strong, long-term relationships with their clients.
You can see this in their comprehensive approach to financial planning. Not only are they willing to help you manage your investments, but they want to ensure you have the proper amount of protection and health care coverage.
Additionally, your Allied financial adviser in Leeds can help you structure your pension plan to better suit your long-term goals. Pension planning is the first step in retirement planning, yet another way Allied proves its commitment to your financial future, whether short-, medium-, or long-term.
Through it all, Allied advisers review your plan for the best ways to save money. Your life insurance, your pension planning, and the investments you make—it’s all economized for maximize tax efficiency. This leaves more money in your pocket to invest and secure your future.
Top Financial Advisor in Leeds
As independent financial advisers in Leeds, the advisers at Allied Financial Services are not governed by a parent company or make decisions with input or undue influence from third parties.
Instead, they provide recommendations from the entire market, using more than 80 years of collective experience in the financial services industry to handle a variety of simple and complex financial situations.
With a wide range of financial capabilities and a focus on providing clients with long-term solutions, Allied Financial Services is one of the best Leeds financial advisers to consider partnering with this year.
Armstrong Watson Financial Planning Limited Review
As the independent financial planning division of Armstrong Watson, a leading accounting firm, Armstrong Watson Financial Planning Limited is a Chartered firm of financial advisors in Leeds.
The Leeds IFAs at Armstrong Watson Financial Planning specialize in ongoing financial planning for individuals, businesses, trustees, and charities.
Armstrong Watson Financial Planning does not specify whether it is a fee-only or fee-based firm. As always, we recommend verifying compensation structure before partnering with any Leeds financial adviser.
Key Factors that Enabled Armstrong Watson Financial Planning Limited to Rank as a Top Leeds Financial Adviser
Chartered Financial Planners
Part of what makes Armstrong Watson Financial Planning into a competitive Leeds financial adviser is the firm’s status as a Chartered Financial Planner, awarded by the prestigious Chartered Insurance Institute (CII).
This status is give only to firms that demonstrate a commitment to developing knowledge, enhancing capabilities, and maintaining high ethical standards.
As such, this Leeds wealth management firm adheres to the following principles:
- Technical and professional competence is maintained through industry qualifications
- Knowledge and skills are kept up-to-date through continuing professional development
- Advisors belong to the Personal Finance Society (PFS) and adhere to its Code of Ethics
Financial Planning for You
Along with businesses, trustees, and charities, Armstrong Watson Financial Planning provides a variety of financial services for individual clients. These services include:
- Retirement Planning
- Retirement Options
- Life Assurance
- Health Protection
- Long-Term Care Planning
- Estate and Inheritance Tax Planning
- Tax Planning
- Savings and Investments
For many clients, the ability to receive multiple financial services from the same place will be a significant benefit, providing a “one-stop shop” for wealth management.
While the team of Leeds financial advisers at Armstrong Watson Financial Planning may be smaller than that of competing firms, this boutique structure allows for one-on-one attention that larger firms often cannot provide.
With a range of financial planning capabilities, a strong ethical foundation, and backed by one of the largest accounting firms in England and Scotland, Armstrong Watson Financial Planning is a great financial planner in Leeds to consider partnering with this year.
Clayton Holmes Naisbitt Financial Consultancy LLP Review
Founded in 2008, Clayton Holmes Naisbitt Financial Consultancy LLP (CHN) is an independent financial advisor in Leeds.
In addition to the Leeds IFA designation, certain team members achieved the Chartered Financial Planner distinction, the highest in the financial services industry.
CHN does not explicitly say whether they are a fee-only or fee-based wealth management firm in Leeds. As always, we recommend verifying compensation structure before partnering with any Leeds financial advisor.
Key Factors that Enabled Clayton Holmes Naisbitt Financial Consultancy LLP to Rank as a Top Wealth Management Firm in Leeds
Independent & Client-Focused
As mentioned above, CHN is an Independent Financial Adviser (IFA). This designation legally binds this wealth management firm in Leeds to act in the best interests of their clients above everything else.
As a result, this Leeds wealth management firm only makes suggestions that are in-line with your needs. No product or service is offered that isn’t genuinely needed or deemed helpful to your financial affairs.
Likewise, their role as an IFA mandates accessibility to the entire market. Your CHN adviser cannot and will not restrict your asset selection, products, or services.
Transparent, Long-Range Focus
CHN lays out each phase of planning, as will your adviser upon consultation. This ensures maximum transparency throughout the process, as well as avoiding confusion later on. No phase is implemented without your explicit consent.
This is an important consideration given the breadth to which your Leeds IFA adviser can round out your financial plan. CHN is structured to assist you with a number of financial concerns including upcoming needs, future goals, and everything in between.
Specific financial services available include:
- Retirement Planning
- Tax, Trust and Estate Planning
- Investment Services
- Mortgage and Finance
- Personal Protection
- Auto Enrolment and Pension Reforms
- Corporate Protection and Planning
- Employee Benefits
- Retirement Planning for Businesses
Clayton Holmes Naisbitt Financial Consultancy
While not all of CHN’s team members are Chartered Financial Planners, many of them are working toward the same designation. This is considered the gold standard in UK financial services for providing top-tier, up-to-date financial planning advice.
With a commitment to ongoing education, comprehensive financial services, and an independent mindset, Clayton Holmes Naisbitt Financial Consultancy is one of the best Leeds wealth management firms to consider partnering with this year.
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Garbutt + Elliott Review
With a history dating back to 1848, Garbutt + Elliott is one of Yorkshire’s largest firms of independent chartered advisors, auditors, and accountants.
The firm offers an impressive range of services for high net worth individuals and their families, business owners, charities, and corporations.
Garbutt + Elliott does not specify whether they are a fee-based or fee-only firm. As always, we recommend verifying compensation structure before partnering with any Leeds financial advisor.
Key Factors that Enabled Garbutt + Elliott to Rank as a Top Financial Advisor in Leeds
Private Client Services
For Private Clients, the Leeds IFAs at Garbutt + Elliott employ a combination of financial planning, wealth management, and tax management tactics to create a comprehensive approach to financial well-being. This includes:
- Trust Administration
- Estate Administration
- Family Business Consultancy
- Inheritance Tax
- Independent Financial Advice
- Personal Tax Services
- Probate Services
Uniquely, as the first fully qualified family business advisors in the UK, the Leeds financial advisers at Garbutt + Elliott are also well-prepared to assist clients who are going through divorce proceedings, assisting with common financial concerns like:
- Personal Taxation
- Personal Financial Planning
- Business Valuations and Strategy
Focus on Businesses
One primary area of specialty for Garbutt + Elliott is their clear expertise in assisting corporations and family businesses improve their financial health.
Their corporate finance team brings over 50 years of combined experience from over 200 businesses of all sizes and industries, instilling trust that the Leeds IFAs at Garbutt + Elliott can handle any financial challenge that comes their way.
Additionally, the firm is a member of The International Centre for Families In Business and Praxity Worldwide Alliance, ensuring that family businesses have access to the latest financial information and global trends.
With a wide range of financial advisory, consulting, and accounting services available between Family Business Consultancy and Corporate Finance, Garbutt + Elliott is a great Leeds financial advisor for businesses of all shapes and sizes to consider partnering with.
Garbutt + Elliott Leeds
For clients that want the option to include auditing, accounting, and taxation guidance, Garbutt + Elliott is a great fit.
Wealth management for corporations, high net worth families, and family businesses can be a complicated process, often requiring multi-faceted solutions, which Garbutt + Elliott can certainly provide.
Leodis Wealth Review
Leodis Wealth is an independent Leeds wealth management firm that offers financial planning, investment management, and tax management services for individuals, trusts, and pension funds.
Leodis Wealth does not explicitly say whether they are a fee-only or fee-based wealth management firm in Leeds. As always, we recommend verifying compensation structure before partnering with any Leeds IFA.
Key Factors that Enabled Leodis Wealth to Rank as a Top Wealth Management Firm in Leeds
Client-Centric Core Values
Leodis Wealth clearly outlines its core values, emphasizing their commitment to providing a client-centered experience for people who choose to work with their financial advisers in Leeds. These values are:
- Client Focused: These Leeds financial advisors want to build an atmosphere of trust for their clients that is based on “discretion, clarity, and integrity.”
- Holistic Service: They help clients incorporate all elements of their financial life into their financial planning and offer other services (like portfolio management) as needed.
- Independence: This firm’s focus is on building long-term relationships, and not on making a quick buck in the name of a commission and at the expense of objectivity.
- Providing value for money: These Leeds IFAs offer a wide range of service to complement their financial advice, carefully selecting third parties as needed.
Disciplined Investment Approach
As a top wealth management firm in Leeds, Leodis Wealth believes in using a disciplined approach to investing. They combine this discipline with flexibility to ensure they can take advantage of great opportunities without instantly jumping to change a client’s portfolio at every small fluctuation in the market.
Their approach leverages multiple assets to diversify their client portfolios. The Leeds IFAs at Leodis Wealth meet regularly to discuss to evaluate their exposure in major asset classes in order to make adjustments as needed.
These independent financial advisers in Leeds also pay ample attention to risk management. This independent and common-sense approach to investing serves as a guide for realizing returns for their clients without putting their wealth in jeopardy.
It’s not impossible to live comfortably in retirement or grow your wealth without a plan—it’s just risky, difficult, and can lead to avoidable losses.
Allowing a wealth management firm in Leeds to help you map out your financial journey is a helpful way to plan for expected life events (marriage, retirement, a child’s tuition) and be protected for unexpected life events (a death in the family, divorce).
With the understanding that each client has different goals and expectations, Leodis Wealth’s financial advisors in Leeds take the time to appreciate everyone’s goals and see how they can systematically work towards them. This includes an assessment of the following things:
- Assets and liabilities
- Family circumstances
Financial planning advice from this wealth management firm in Leeds provides covers:
- Protection against tragic events like illness, accident or death
- Provision for loved ones through pensions, wills, and trusts
- Preservation of wealth in the face of taxation and inflation
Along with a client-centric approach, this Leeds IFA offers an in-house specialist for clients who do not have their own accountant to manage their taxes.
Services include help with annual return and reviews to ensure that all tax choices are in-line with your portfolio objectives and overall financial plan, providing a truly comprehensive approach to financial health and solidifying Leodis Wealth as a top-rated financial advisor in Leeds, UK.
Macintosh James & Partners Review
Founded in 2004, Macintosh James & Partners (MJP) is an Independent Financial Adviser offering financial planning and wealth management in Leeds, UK.
They do not explicitly say whether they are a fee-only or fee-based wealth management firm in Leeds. As always, we recommend verifying compensation before partnering with any Leeds financial advisor.
Key Factors that Enabled Macintosh James & Partners to Rank as a Top Leeds Financial Advisor
Co-founder Simon James holds many professional certifications. They all speak to the firm’s commitment to ongoing education and top-notch service by staying current with industry developments.
Some of James’s designations include, but are not limited to, the following:
- Chartered Financial Planner
- Certified Financial Planner
- Fellow of the Personal Finance Society
- Chartered Insurance Institute’s Advanced Diploma in Financial Planning
- Chartered Insurance Institute paper G10 Taxation & Trusts
- Chartered Insurance Institute paper G20 Savings & Investments
- Chartered Insurance Institute paper AF2 Business Financial Planning
- Chartered Insurance Institute paper AF3 Pension Planning
- Chartered Insurance Institute paper AF4 Investment Planning
Additional certifications represented among MJP’s Senior Team are:
- Society of Later Life Advisers (SOLLA)
- Advanced Financial Planning Certificate (AFPC)
- Investment Management Certificate
- Investment Portfolio Management (G70) unit
Customised Planning Process
This wealth management firm in Leeds employs an extensive process designed to learn as much about you and your financial posture as is relevant to your financial plan. The process may require patience and some extra time, but it is a bulwark against shoddy recommendations and inaccurate advice, and includes:
- Step 1—Initial Meeting
- Step 2—Information Gathering and Understanding the Current Situation
- Step 3—Review of Current Position and Goal Setting
- Step 4—Determining Future Strategy and Constructing a Tailored Financial Plan
- Step 5—Monitoring and Review
Once all the relevant details have been gathered, your MJP financial adviser in Leeds constructs a personalised plan based on your financial health, needs, and goals.
As a top Leeds financial adviser, MJP offers four specialist areas of service:
- Asset Management—Research-driven investment strategies to generate income, maximise growth, or both
- Retirement Planning—Clients can benefit from partnering with Leeds IFAs who are experienced, qualified retirement specialists
- Tax Planning—Addresses sheltering income, capital gains, and inheritance tax liabilities
- Protection—Independent research provides the best options for protection from illness, disability, or premature death
In addition, your MJP financial adviser in Leeds works with your existing consultants to maximize the implementation and efficiency of your plan. This may include working with your solicitor, accountant, or other financial professional.
As a top Leeds financial adviser, Macintosh James & Partners provides clients with a client-centric, research-based approach to financial health, providing a solid foundation for long-term wealth management relationships.
While MJP is certainly a top Leeds IFA, our review did find some room for improvement in how the firm’s services are communicated. With an outdated interface and little information regarding wealth creation, protection, and preservation, potential clients may find it difficult to fully evaluate the firm’s capabilities.
By updating their website to a cleaner, more user-friendly display and providing additional details on their services, Macintosh James & Partners could easily improve both their value proposition to clients and their rating as a top financial adviser in Leeds.
Martin Hirst Financial Consultancy Review
Martin Hirst Financial Consultancy is a wealth management firm in Leeds that helps both individuals and companies prioritize their objectives so that they can take a focused, long term approach to working toward them.
Martin Hirst is an Independent Financial Adviser in Leeds that is registered with the Financial Conduct Authority. They do not explicitly say whether they are a fee-only or fee-based wealth management firm in Leeds.
As always, we recommend verifying compensation structure before partnering with any financial advisor in Leeds.
Key Factors that Enabled Martin Hirst Financial Consultancy to Rank as a Top Leeds Wealth Management Firm
Assistance with Mortgages
For many people, their house will be their biggest investment and their largest source of equity.
As a result, selecting the right mortgage will be one of the most important decisions they ever make. The right independent financial adviser in Leeds can help individuals make smart, strategic choices.
This wealth management firm in Leeds can help individuals weigh the different mortgage types available to them and figure out what they should responsibly put down as a down payment while retaining some sort of a safety net.
They can help clients with a number of different mortgage scenarios including capital and interest mortgages, interest only mortgages, flexible mortgages, lifetime mortgages, and reversion schemes.
Pensions & Retirement Planning
Recent changes have allowed people to put away larger sums of money depending on their situation. With some restrictions, individuals can invest up to 100% of their earnings or £3,600 (whichever is higher) into their retirement savings.
This wealth management firm in Leeds can help you come up with a sustainable plan to prepare for retirement. They can also ensure you do not get hit with penalties for failure to comply with specific limits.
For instance, if you pay in over a certain amount in a given retirement year then you may be taxed on what is over that amount.
An independent financial advisor in Leeds from Martin Hirst can help you come up with a plan and make sure it’s a good one that is in line with both your financial goals and industry regulations.
While it is smart to be covered for certain contingencies, you want to select your plans wisely to ensure your long-term financial health.
An independent financial adviser at Martin Hirst can help you find assurance while taking taxes, cost, and necessary protection into consideration.
You can use life assurance to protect your income, loved ones, and your business. There are even ways in which a wealth management firm in Leeds can help you arrange things so that life assurance minimizes your taxes.
Assurance products are often the most challenging to find since firms may be tempted to hawk their product or a partner company’s product as opposed to a more suitable one from another firm.
Fortunately, Martin Hirst is an independent financial advisor in Leeds, which means they are legally required to consider options from a range of providers and cannot limit clients to products from a specific company.
As a top Leeds financial adviser, Martin Hirst provides clients with independent, unbiased, and expert services.
While the firm’s website may be slightly outdated, its worth mentioning that they also provide vast details about their financial services and team members, making it easy for clients to evaluate the firm and get to know each Leeds IFA before the first appointment is scheduled.
With a large, talented team of Leeds financial advisors and a strong expertise in mortgages, pensions, investments, and life assurance, Martin Hirst is one of the top financial advisors in Leeds to consider partnering with this year.
NBS Financial Planning Ltd Review
NBS Financial Planning Ltd is a financial planner in Leeds founded by Nigel Barker Smith. Smith is an Independent Financial Advisor (IFA) with more than 20 years of experience in the financial services industry.
NBS Financial Planning Ltd. is a fee-only financial advisor in Leeds, meaning that advisors do not earn commissions, incentives, or compensation for the sale of investment products.
In fact, this is one of the few firms in the UK that uses the “fee-only” terminology, setting NBS Financial Planning apart from competing Leeds financial advisers.
Key Factors that Enabled NBS Financial Planning Ltd. to Rank as a Top Wealth Management Firm in Leeds
Custom, Comprehensive Planning Process
The process at NBS is detailed, rigorous, and centred around you. When partnering with a Leeds financial advisor at NBS, clients can expect to go through the following process:
- Initial, No-Obligation Consultation
- Discovery Meeting
- Analysis and Discovery Phase
- Presentation of Your Financial Plan
- Tracking Progress
Before this plan is implemented, however, your Leeds IFA will inform you of all associated costs. This is good news for individuals who are anxious about unexpected costs or fees from a wealth management firm in Leeds.
Plans vary from person to person, and so do the costs to implement them. Your plan may not cost the same as another client’s plan, but not only is that to be expected, it’s a logical outgrowth of custom financial planning.
No matter your expense, however, you can rest assured that your plan has been built only for you, is relayed from the start, and contains no hidden charges.
In keeping with NBS’s desire to offer custom financial plans that address the breadth of your financial needs, they likewise prove keen on engaging you for the long term.
Your NBS financial adviser in Leeds remains by your side no matter what. Whether it is market volatility, unexpected life crisis, or economic turbulence that affects your finances, your adviser helps guide you through the storm. Together, you’ll come out the other side with your goals still in sight.
To that end, NBS advisers will never engage in the following high-risk, short-term strategies:
- ‘Picking’ stocks
- ‘Timing’ or ‘beating’ the market
- Chasing fund managers
NBS Financial Planning – Leeds
As an independent financial adviser in Leeds, NBS is legally bound to act in their clients’ best interests, helping them reach their financial goals by selecting from a broad spectrum of products.
Their fee-only structure also ensures that clients pay only for the service they receive, and nothing else. Not only does this support unbiased recommendations, but it also supports transparency and trust—two crucial elements in any successful financial planning relationship.
With an independent mindset, a fee-only structure, and a client-centric focus on transparency, NBS Financial Planning is one of the best financial advisors in Leeds to consider partnering with this year.
Conclusion—Best Financial Advisors in Leeds, UK
No matter what your financial goals may be, you owe it to yourself and your family to speak with a financial adviser in Leeds and secure your financial future.
In today’s world of financial advice, there are so many resources for knowing how to select a great adviser and firms that prioritize putting the client in the driver’s seat.
Many of these Leeds wealth management firms offer a free initial consultation at no cost to you, leaving your decision to hunt down a quality, reputable financial adviser an easy one.
There are plenty of great Leeds financial advisers to choose from, but it’s ultimately up to you to get started with finding one.
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