David Smith - True Potential Wealth Management

Restricted - Whole of Market  3rd & 4th Floors, Wolverhampton, WV3 0SR
First meeting at adviser's own cost
My focus is ensuring my clients achieve their financial goals and are empowered to make informed decisions about their future. Tax efficiency, investments and expertise in pensions, including Defined Benefit advice, are my key specialisms.
We can advise you on
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Annuity purchase
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Auto enrolment
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Defined benefit
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Pension consolidation
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Pension drawdown
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Pensions & divorce
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Pensions & retirement planning
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Pensions review
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Pensions transfer
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SIPPs
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Stakeholder
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Wealth management
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Ethical investments
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ISA / Unit Trusts / OEICs
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Investing for income
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Investment trusts
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OEICs
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Socially responsible investments
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Unit trusts
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Lump sum
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National savings
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Regular savings
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Savings for children
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School fees planning
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Capital gains tax
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Estate planning
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Income tax
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Taxation planning
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Corporate pension
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Group Pension/Stakeholder
Response rating
9.1/10
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FCA authorised
Last authorised 22nd February 2021
Meet our advisers
Mr David Smith Dip PFS
Financial Planner & Wealth Management Partner

This qualification assesses a knowledge and understanding of investment products and the application of the investment advice process.

This qualification assesses a knowledge and understanding of an ability to analyse financial protection planning issues.

This examination assesses a knowledge and understanding of the various pension products, the pension tax regime and retirement needs.

This qualification helps advisers develop and demonstrate their financial planning capabilities. 

This qualification assesses a knowledge and understanding of the financial services industry, including regulation, legislation and the Code of Ethics.

To achieve DipPFS individuals must achieve 140 credits. At least 80 credits must be at Diploma or AFPC level.

This qualification assesses a knowledge and understanding of an ability to analyse pension and retirement planning issues.

This examination assesses a knowledge and understanding of financial protection plans.

This examination assesses a knowledge and understanding of investment products and the risks involved.

This exam accesses understanding of the financial services industry including regulation and legislation.

This exam accesses understanding of the financial services industry, and its regulation, products and processes.

Mr Scott Hanley
Financial Planner & Wealth Management Partner

This qualification assesses a knowledge and understanding of investment products and the application of the investment advice process.

This qualification assesses a knowledge and understanding of an ability to analyse financial protection planning issues.

This examination assesses a knowledge and understanding of the various pension products, the pension tax regime and retirement needs.

This examination enhanced general pension knowledge, particularly in pension transfers and opt-out business.

This qualification assesses a knowledge and understanding of the financial services industry, including regulation, legislation and the Code of Ethics.

To achieve DipPFS individuals must achieve 140 credits. At least 80 credits must be at Diploma or AFPC level.

This qualification assesses a knowledge and understanding of an ability to analyse pension and retirement planning issues.

This examination assesses a knowledge and understanding of financial protection plans.

To achieve the CertPFS (DM) and individual needs to pass 2 diploma units in Regulation and ethics and Discretionary Investment Management

At the end of this unit candidates should be able to analyse and apply financial information and portfolio management skills

This exam accesses understanding of the financial services industry including regulation and legislation.

This exam accesses understanding of the financial services and their regulation.

This exam accesses understanding of protection, savings and investment products.

What our clients say
What were the circumstances that caused you to look for a financial adviser? after my devoice i needed advise on investments. i am so pleased that i did not put my money into a building society. i understood that the investment could fall as well as rise, but it was a medium risk and was the right advise at the tilme How did David Smith help you? at a difficult time in my life, David gave me the help necessary Have you seen the outcome you were hoping for? the outcome was better than expected. and i can now see a future What could they have done better? this year has been difficult for every one. it has been difficult in the past with my working hours, to communicate with David, however he has always, manage to call me when necessary.
Hazel Salmon, Verified VouchedFor Review
What were the circumstances that caused you to look for a financial adviser? Miss sold pension, investments and financial advice How did David Smith help you? Dealt with all my pensions and obtained money back, plus investing my private pension making it grow for me Have you seen the outcome you were hoping for? Growth in investments and gives me assurance for the future What could they have done better? No, kept it really simple to understand Private To You
Lisa Vyner, Verified VouchedFor Review
What were the circumstances that caused you to look for a financial adviser? I looked for a financial advisor a few months before retiring ,as I felt that they good keep a drawdown ,far better than I could myself. How did David Smith help you? David was a big help advising what the options were then the costs I would expect ,and the risks that I would feel comfortable with the investment of my fund. Have you seen the outcome you were hoping for? The outcome was better than I expected . Each month I take out a sum for my pension ,then the costs of managing my investments ,have left me with the same lump sum I started with four and a half years ago ,and that is taking into account the effect of covid. What could they have done better? David keeps in touch with e mails and also an annual review .He is there when I need advice so nothing needs to be done better.
Reg Copeland, Verified VouchedFor Review
What were the circumstances that caused you to look for a financial adviser? The Bank that I used informed me they no longer gave advice and pointed me to a Web Site that gave names of Financial Advisers in our area. David was the first to contact me - of three I chose. How did David Smith help you? Following a telephone call, giving him the reason why we very ooking for an Adviser, he arrange a personal visit to see us. Have you seen the outcome you were hoping for? The past five years have been quite turbulent in the financial markets but we believe we have received the best advice. What could they have done better? We have received good advice or many financial matters. What we appreciated we were not put under any pressure to use them. We have had a review yearly or when David felt necessary to contact us relating the the changes in the market.
Philip, Verified VouchedFor Review
What were the circumstances that caused you to look for a financial adviser? Divorce. How did David Smith help you? Went through everything in plain English & I didn’t have to worry about anything. Have you seen the outcome you were hoping for? Yes What could they have done better? Nothing.
Wendy Mackenzie, Verified VouchedFor Review
What were the circumstances that caused you to look for a financial adviser? I was looking to get some money out of my pension pot I had reached the age that I could take the 25% tax free . How did David Smith help you? David told me about drawdown he said I could transfer the entire pot to true potential and make the money work harder for me and take amounts if and when needed which I agreed was the right option for me with the lowest risk. Have you seen the outcome you were hoping for? I have seen a slight profit but this last year as not been good because of the covid problem but I feel things will improve greatly once we get through this bad period. What could they have done better? nothing as for as I can see if I have a problem I can can just email him on the secure web sight and he will get back to me.
Bernard Hothersall, Verified VouchedFor Review
What were the circumstances that caused you to look for a financial adviser? I run my own Limited Company specialising in IT Consultancy and needed inheritance and retirement planning. How did David Smith help you? David setup a company pension plan and advised on contribution levels to benefit maximise tax relief. He also advised on how to invest surplus cash held within the company. David also advised on a personal basis by creating Bloodline Trusts to protect personal assets. Have you seen the outcome you were hoping for? Yes. I am still working part time and have not taken dradown but my pension 'pot' is sufficient for me to retire as of today. What could they have done better? Nothing. David is extremely experienced and has always had the answers to my questions. He is professional and answers emails and phone calls promptly. David also makes regular face to face visits (though not in 2020 for obvious reasons).
Jim Thompson, Verified VouchedFor Review
What were the circumstances that caused you to look for a financial adviser? Consolidating pensions How did David Smith help you? Professional advice and outstanding work ethic. Have you seen the outcome you were hoping for? Yes, very pleased with the outcome What could they have done better? Everything was done professionally, and my wishes carried out.
Paul Smith, Verified VouchedFor Review
What were the circumstances that caused you to look for a financial adviser? I needed expert help my previous Financial Adviser sadly passed away. I sourced referral from my Mortgage Adviser and contacted David. I was concerned that my investment was not gaining as much as it was promised. How did David Smith help you? David was able to explain in an easy to understand manner. His advice gave me reassurance and allayed my worries and concerns. David is on the end of the phone and allow within webchat and this meets my needs. I have found David to be flexible to meet my busy lifestyle and commitments. Have you seen the outcome you were hoping for? Most definitely, although the market has been up and down due to Covid 19 my investment is safe and is being managed in a professional manner. I love the way I can track my investments on line as the markets rise and fall. What could they have done better? I do not think David could of done anything better.
Jay Jefferson, Verified VouchedFor Review
What were the circumstances that caused you to look for a financial adviser? Was looking to move my final salary pension How did David Smith help you? David came to meet me and my wife at home and we discussed my pension and the long term benefits of moving my pension although this was a worry David was very professional and made us feel this was the best thing for both of us and we are very happy with the information we receive and all is looking good Have you seen the outcome you were hoping for? Yes the markets do fluctuate but is doing very good in this pandemic and looks good for the future What could they have done better? David has always been at the end of the phone if you need to get advice cannot fault David every time
Edward McMahon, Verified VouchedFor Review
What were the circumstances that caused you to look for a financial adviser? support with my pensions and advice . How did David Smith help you? gave sound advice on my pension pot and support with paper work. Have you seen the outcome you were hoping for? yes What could they have done better? David was very supportive
Tracey, Verified VouchedFor Review
What were the circumstances that caused you to look for a financial adviser? The Bank that I used informed me they no longer gave advice and pointed me to a Web Site that gave names of Financial Advisers in our area. David was the first to contact me - of three I chose. How did David Smith help you? Following a telephone call, giving him the reason why we very ooking for an Adviser, he arrange a personal visit to see us. Have you seen the outcome you were hoping for? The past five years have been quite turbulent in the financial markets but we believe we have received the best advice. What could they have done better? We have received good advice or many financial matters. What we appreciated we were not put under any pressure to use them. We have had a review yearly or when David felt necessary to contact us relating the the changes in the market.
P R Such, Verified VouchedFor Review
About us

Financial planning can be somewhat of a daunting prospect and complicated at times. I will guide you through your financial journey, ensuring you are looked after and in safe and trusted hands.

I have been in the financial services industry for over 15 years and have built long-lasting, enduring relationships with my clients. I have a particular specialism around the complex area of Defined Benefit pension advice, helping clients achieve their desired outcome, wherever possible.

I do not blind my clients with science, but am open, honest, and use language that is jargon-free, so you will feel at ease and in control of your decision making.

True Potential Wealth Management are a national company and experts in managing clients monies, from their excellent investment portfolios through to their award winning, platform.

The platform has ISA, investments and pension tax wrappers so all your investments can be seen in one place and at the touch of a button on your computer and mobile devices.

The innovative tools ensure you have a clear vision of your future and I can help keep you on track of your pension and investment goals, making adjustments, if we feel this is necessary.

Our services

I will gain a thorough understanding of your current circumstances and future aspirations, whether this be protecting your family's assets, investing for growth or income or helping with the complexities of pension planning and retirement.

I will ensure you feel in control of your finances and that you are able to make informed decisions. Any recommendations will be made in your best interests and in an easy to understand format.

True Potential have an excellent, value for money and comprehensive offering. An award winning Platform with fantastic technology that puts you in control.

They utilise some of the best, most respected, global investment houses, so you know your money will be in trusted hands.

I will be delighted to help you with your financial planning needs and look forward to hearing from you.

Where to find us
Head office address: 3rd & 4th Floors, 84 Salop Street, Wolverhampton, WV3 0SR
Service coverage
Preferred clients
Minimum wealth (income/assets)
£50,000
Minimum pension value
£100,000
Advice methods
  • phoneButton
    Telephone
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    Online (Live chat, video, email)
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    Face to face
Compliance

True Potential LLP is registered in England and Wales as a Limited Liability Partnership No. OC380771.

Registered head office : Gateway West, Newburn Riverside, Newburn, Newcastle Upon Tyne, NE15 8NX

We use meeting facilities around the UK, however the above address is our only registered office.

Response rating
9.1/10
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FCA authorised
Last authorised 22nd February 2021

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