• FLM Wealth Management

Why every business owner needs an adviser

In the third episode of the Free Like Me podcast from FLM Wealth Management, Gemma Cottis, Adviser, and David Blows, Senior Adviser, join host Ben Smith, Senior Adviser. This episode focuses on business owners and how working with a financial adviser can benefit them. The Free Like Me podcast aims to help people just like you navigate the complex world of financial planning.

Ben kicks off the podcast by asking David and Gemma to take a look at how financial planning is different for business owners than for other individuals. Both discuss the aspects of financial planning that tie into the needs of business owners. They also explain how an adviser can help clarify and separate personal goals from goals for the business.

As they begin to get into some of the more detailed areas of financial planning, Gemma makes her fondness for pensions and the importance of them for business owners clear. David also shares the key ways that businesses can distribute money and how advisers and accountants can work together to better help owners achieve their goals.

The trio briefly touch on the events of the past year and how clients and businesses have reacted to them.

To wrap things up, Ben asks Gemma and David to share their best advice for those business owners who haven’t begun their personal financial planning yet. During this, both advisers agree that you need to find the right person and firm for you and that it is ok to shop around.

If you’d like to hear more about navigating the world of financial planning and wealth management for people like you, tune in again for our next episode of the Free Like Me podcast.

Intro 0.00 - 01.15

  • Why financial planning is different for business owners

  • Key financial considerations for business owners

  • How business owners can identify and clarify their goals

  • What advisers can do to help with business assets

  • Key ways to distribute funds from businesses

  • Why pensions get a bad reputation

  • The line between accountants and financial advisers

  • Important types of insurance for owners

  • Tips for business owners who haven’t started planning yet

Outro 30.44 - 31.24


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FLM is an Appointed Representative of and represents only St. James's Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority) for the purpose of advising solely on the Group's wealth management products and services, more details of which are set out on the Group's website www.sjp.co.uk/products. The title 'Partner Practice' is the marketing term used to describe St. James's Place representatives. FLM Wealth Management is a trading name of Financial Lifestyle Management Ltd.