Mike Smith IFA

Independent Financial Adviser  23 Clevedon Road, Tickenham, Somerset, BS21 6RA
First meeting at adviser's own cost
I am a Chartered Independent Adviser
We can advise you on
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Annuity purchase
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Auto enrolment
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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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Equity release
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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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Offshore investments
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Socially responsible investments
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Traded endowment policies
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Unit trusts
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Lump sum
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Regular savings
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Critical illness
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Healthcare
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Income protection insurance
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Large business
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Life insurance
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Payment protection insurance
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Small business
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Capital gains tax
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Estate planning
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Corporate pension
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Group Pension/Stakeholder
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Group Protection/Life Insurance
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Group critical illness
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Group income protection
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Group life insurance
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Group private medical insurance
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Group risk
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Long term care
Response rating
7.0/10
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FCA authorised
Last authorised 20th January 2020
Meet our advisers
Michael Smith FPFS
Chartered Financial Planner

This qualification assessed the knowledge and understanding of the UK regulation environment in the financial services industry together with types of mortgage products and repayment options and the giving of mortgage advice.

To achieve the Fellowship grade, individuals would be required to have 10 AFPC (Diploma) units or equivalent. This shows a commitment to continuous professional development.

This examination assesses a knowledge and understanding of the Government’s simplified pension taxation regime which came into full effect on 6 April 2006 (A-Day). Eight tax regimes for pensions were reduced to one, radically affecting planning and transactions.

In order to have completed this qualification, individuals were required to obtain three units. These could have been selected from any combination of the available units at that time but must have included the compulsory G10 unit - Taxation and Trusts.

Having achieved the APFS designation, advisers can go onto to achieve this recognisable benchmark of quality and ethical practice for financial services professionals, elevating financial planning and advice in the public eye to the same standing as other Chartered professions. The holder must demonstrate a combination of experience, financial qualifications, ongoing educational activity (continuous professional development) and ethical behaviour.

This examination assessed a knowledge and understanding of the UK tax system, the law and practice of trusts, but also an ability to advise individual clients on the tax treatment of their investments and the use of trusts to meet their current and foreseeable future needs.

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

This examination assesses an understanding of group risks, including the operations of such schemes and their features and taxation.

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

This examination assesses the candidate to develop an understanding of the financial planning process when giving advice to clients.

This examination assesses the candidate to develop in depth financial planning skills related to personal tax and trusts.

This examination assesses a knowledge and understanding of the different types of equity release products, risks to the consumer associated with equity release and application of suitable equity release solutions according to the circumstances of different customers.

This qualification assesses a knowledge and understanding of the UK regulation environment in the financial services industry, mortgage products, repayment options and the giving of mortgage advice.

This qualification assesses a knowledge and understanding of the UK regulation environment in the financial services industry, long term care insurance products and the giving of long term care insurance advice.

At the end of this unit, candidates should be able to demonstrate an understanding of: the basic structure of the tax system and self-assessment; the main taxes on income and capital that may be charged on individuals, the self-assessment system and how tax liabilities are computed; impact of residence and domicile on an individuals liability to UK tax.

At the end of this unit, candidates should be able to demonstrate an understanding of the: legal principles associated with the creation and management of a trust; main types of trusts that are common in the UK; taxation considerations relevant to trusts.

Fellowship of the CII is universally regarded as the premier qualification for those working in the insurance industry. As part of the Retail Distribution Review which comes into effect in 2013 they will have also been required to demonstrate their knowledge is up to date, this process is known as Gap Fill. On satisfaction of the gap fill requirements they will have obtained a Statement of Professional Standing from an FSA Accredited Body.

This qualification enables professional advisers to develop specialist planning capabilities, covers topics like: personal tax and trust, business financial, pension and investment planning.

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

Accreditations
Chartered Financial Planner
What our clients say
"Mike has been brilliant in helping us to set up a compliant company pension scheme well ahead of our staging date for Auto Enrolment. He met all our staff on a one-to-one basis to discuss their position and options. Our employees responded positively to his input and Mike remains their first point of contact for independent advice on pensions. Having set up the pension scheme, Mike’s on-going maintenance has been excellent and I’d have no hesitation in recommending his services".
Michelle Crocker, Finance Director, David Hathaway Transport Limited, YATE
"Mike has managed our pension provision at CHS for the last year and his advice has been both logical and impartial. Our staff have warmed to his personable manner and his ability to make a sometimes complex subject easy to understand. We look forward to working with Mike for years to come."
Paul Hand – Director, <url hidden> - BOURNEMOUTH
I would recommend Mike to anyone, he has been a great help to my wife and I helping to arrange our investments under a structured portfolio, which allows us to take a good level of income without too much risk.
Mr Cathcart, Scotland Based but telephone advice given
Despite my not having much pension money to play around with, Mr Smith gave me full attention and worked to find me the best investment deal in my circumstances.
K Garland, Portishead
Mike has been superb to work with and always willing to go the extra mile to make sure the transaction progressed as smooth as possible. His advice has always been first class and I look forward to using his expertise in the future. Highly recommended. • Star rating 5 Stars
Nik Williams, Portishead
Mike Smith listened carefully to understand our situation, then gave us clear, well- researched, timely financial advice. Although there was no suitable product available for us at that time, Mike didn't try to sell us anything unsuitable. We will definitely use his services again in the future. • Star rating 5 Stars
Alison, Bristol
Great service and advice. Prompt response to queries and readily available at all times. Thanks! • Star rating 5 Stars
Tom Joakim, Poole
Sound advice and great service
H Booker, Portishead
About us

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Company Blog.
Mike Smith IFA is a company based in the heart of North Somerset which looks to maximise savings and help reduce cost by offering a wide variety of products including Pensions, Investments and Life Assurance using the latest technologies to get the right products and services to increase your wealth. Mike is a Chartered Financial Planner and has over 20 years Financial services experience.
WE CAN OFFER PRODUCTS WHICH ONLY AN IFA CAN RECOMMEND GIVING YOU A MUCH WIDER CHOICE.

Our services

With Pensions freedom rules now in affect, we are specialists in Pensions.

Meeting to discuss your requirements will be free of charge!
We offer the following services - Review and advise on New or Existing Pensions,Investments Protection, and recommend the best course of action for your individual circumstances/needs to help increase your wealth and reduce un-wanted costs.
For Companies, we can help you with Workplace Pensions / Company Pensions, Auto enrolment and Business Insurance.

Where to find us

23 Clevedon Road, Tickenham, Somerset, Clevedon, BS21 6RA

Preferred clients
Minimum wealth (income/assets)
£100,000
Minimum pension value
£250,000
Minimum mortgage value
£500,000
Advice methods
  • phoneButton
    Telephone
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    Face to face
Response rating
7.0/10
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FCA authorised
Last authorised 20th January 2020

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