Introduction to working with Ashwood Law

Ashwood Law has specialised in working with solicitors, accountants and estate agents over many years and we consider ourselves as one of the leading Independent Financial Advisers in the Midlands with expertise in this field. We have established successful working relations with many firms throughout the whole of the Midlands.

As Ashwood Law continues to expand its number of professional advisers we are always interested in forming relationships with new firms throughout the Midlands.

Although traditionally, many firms of solicitors and accountants have kept apart from other disciplines such as financial advice, there is no doubt that in today’s world there is a need to connect up to other services. This is necessary because of the overspill of client needs from one area to the next. For example, what client of means can go through a divorce without considering the implications impacting on pensions and other financial areas? In fact, any attempt to deal with such a matter without involving other professionals could lead to a charge of ‘negligence by omission’

The introduction of the Financial Services and Markets Act 2000 in December 2001 brought all regulated financial services activities under the control of a single regulator. With that came an understanding that there is a major issue for a practice wishing to avoid direct regulation by the Financial Services Authority in that stepping outside the terms of the exclusion or an exemption without proper authorisation, is now a criminal offence.

Furthermore, where financial services advice is required there is a need to refer to a suitably qualified Independent Financial Adviser to avoid the possibility of being found professionally negligent.

Many of your clients may take advice from a tied adviser, whether it be from their bank or building society, and though the advice may be sound the client has not had the full choice of products and services that an Independent Financial Adviser can source.

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