Equity Release In LondonWhy Choose Equity Release?
Equity Release In London
Things you can do with Equity Release
Equity Release is available if you are aged 55 plus, own your own home even if you have a small interest only mortgage outstanding.
Repay an existing interest only mortgage
Release equity form a rental property
Make improvements to your home or garden
Add an extension to your property
Improve the quality of your life
Gift to children for a deposit on a property
Buy a more expensive home
Gift to a family member or friend
Buy a new car or a holiday of a lifetime
Investing in or expand a business
Pay for long term care at home
Reduce inheritance tax owed by your beneficiaries
Alan Powell’s team at Elite Wealth Management are here to offer sound financial advice to everyone – and not just the super wealthy.
ALAN POWELL DOES not have the usual background you might expect from an independent financial adviser. He grew up in a children’s home but then found support, trust, opportunity and discipline in the Royal Navy, where he spent 20 valuable years. It was only after completing his military career that he moved into finance, back in 1996 – working for the Prudential , Towry Law and several City banks – and now runs a company that has over 500 clients and around £70 million under management and growing.
Established in 2009, Elite Wealth Management provides bespoke independent financial advice tailored to suit an individual’s needs and objectives. They offer advice on a whole range of financial matters: from family investment trusts, personal injury and trustee investments, inheritance tax planning, pension planning including retirement options, ISAs, unit trusts, bonds, mortgages, equity release and care-cost planning. “I am a great believer in the importance of establishing relationships,” says Alan. “Our motto is ‘integrity, professionalism, respect’ and our clients always come first. In the last five years we have been voted by clients, through VouchedFor, as one of the top independent financial advisers in the South West of England and the UK – each time appearing in The Times financial supplement. It’s a lovely feeling when you get notified for something like this, as it’s the clients that vote for you. We have never lost a client apart from through death and most of our business comes through referrals from existing clients and professional connections such as solicitors and accountants who share our principles.” Elite Wealth Management have offices in London, Plymouth and Cornwall but have clients all over the UK.
Alan has a strong sense of fairness and believes his company’s services are available for anybody who needs them. “It is important to me that we work with people of all incomes as everybody has the right to good, sound financial advice,” he says. “Similarly, we had a vulnerability rule for elderly clients long before it became compulsory. We strongly believe in the ethos of being honest with people, treating them with respect and being there for them.” That commitment saw Elite Wealth Management prosper during the Covid pandemic, a time when clients needed additional support, reassurance and advice. Alan swiftly adapted to the new environment, setting up a secure messaging service, a portal for clients to upload financial details and turning increasingly to video conferencing and instant messaging for communication. “That was a cost to the company but a major benefit for the clients,” he says. “This is a great industry to be in and can be very satisfying. However, you have to have the right attitude and always respect your clients because without the clients you are nothing.”
If someone is specifically interested in Equity Release then we have some very experienced advisers that are more than happy to help and discuss their options with a no obligation first meeting. www.elite-wealthmanagement.co.uk