With growing fiscal pressures and increasingly complex client needs, financial advisers play a crucial role in delivering value through closer collaboration with professional partners, especially solicitors and accountants.
While there’s already speculation about potential tax hikes in the upcoming Autumn Budget, one thing is clear: the UK has entered a prolonged high-tax environment. This makes coordinated advice from multiple professionals more important than ever.
Rather than a challenge, this shift presents a real opportunity. Research from BNY Mellon and Next Wealth (pre-Autumn Budget 2024) found that 63% of advisers see tax changes as a key driver of client demand, referrals from other professionals are expected to support this trend.
A standout tool in this landscape is the Enterprise Investment Scheme (EIS). Often seen as niche, EIS can be a central planning strategy, particularly for clients navigating significant financial or life changes, and should be a key part of adviser conversations with accountants and solicitors.
If you’re not leading with EIS in professional partnerships, someone else will be.