Paul Taylor True Potential Wealth Management LLP

Restricted - Whole of Market  6 Poole Avenue, Chorley, PR7 7FP
First meeting at adviser's own cost
Helping my clients achieve their financial goals is at the heart of my business. I have been in financial services for over 18 years and have a wealth of knowledge and expertise in pensions, including Defined Benefit schemes, and investments.
We can advise you on
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Annuity purchase
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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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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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Unit trusts
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Lump sum
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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
9.0/10
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FCA authorised
Last authorised 27th June 2022
Meet our advisers
Mr Paul Taylor FPFS
Financial Planner & Wealth Partner
What our clients say
What were the circumstances that caused you to look for a financial adviser? Having several pensions and changes in pension advisors caused me to look for advice around 5 years prior to my proposed retirement date. How did Paul Taylor help you? Paul took a long term view, was very thorough looking at the overall picture and explained things in simple terms. He has allowed myself and my wife to plan for what we hope will be an excellent lifestyle in retirement. The softwear used provides excellent output and cashflow analysis. Paul has challenged our attitude to risk, and spent a good deal of time explaining the way the investments are made and monitored. He also responds to emails and requests promptly which is very reassuring. Have you seen the outcome you were hoping for? We have been speaking with Paul since 2016, but have only just become clients as we have reached retirement age. At the moment everything is as we had hoped for. What could they have done better? Nothing.
Peter, Verified VouchedFor Review
What were the circumstances that caused you to look for a financial adviser? Nearing my chosen retirement age i thought it would be prudent to seek good professional advice on how to consolidate all my pensions. How did Paul Taylor help you? Paul explained fully. Pension transfers, Annuities, Drawdown and Investments. Have you seen the outcome you were hoping for? Yes. What could they have done better? I believe the performance to date, in the current financial climate to be fair. Thank you for all your hard work, and understanding Paul. Its been much appreciated. And dare i say, throughout the Zoom meetings to date, you have always been very professional, and inspired me with your calm and confident manner. ​ Reply to review Please note: Your reply will be publicly visible, and the reviewer is notified that you have replied.
Terry, Verified VouchedFor Review
What were the circumstances that caused you to look for a financial adviser? My husband and I needed to make sense of a pension quotation and the pros and cons of various pension options. How did Paul Taylor help you? Paul brought real clarity to each option and explained the pros and cons of each option available to us. This enabled us to make the right decision about when and how to draw our pension. Have you seen the outcome you were hoping for? Absolutely, thank you. What could they have done better? n/a
Lesley, Verified VouchedFor Review
What were the circumstances that caused you to look for a financial adviser? I had some money to invest and needed advice How did Paul Taylor help you? I had already seen 5 advisers before I met Paul. The had all proposed canned solutions without asking much about me. I wanted to invest at least part of the money in property but they all said it was not the most efficient thing to do. However, their fees to manage my money would have been exorbitant. Paul was totally different. He started by asking about my history, my lifestyle, experiences and wishes for the future. He was the first person to listen and I very soon realised why the others had been so adamant against property. It would mean no fees for them. Paul showed me the way to do it and make a profit even if that meant I wasn´t going to be paying him to manage my money in future. He dedicated me a long time to not only listen but also explain and device a plan. Have you seen the outcome you were hoping for? Yes
Maria, Verified VouchedFor Review
What were the circumstances that caused you to look for a financial adviser? Just retired and felt our current portfolio wasn't tax efficient and could perform better How did Paul Taylor help you? Simplified the investment portfolio, and made us more tax efficient. Have you seen the outcome you were hoping for? yes What could they have done better? First time we have used a Financial advisor. It wasn't what we were expecting as he took the time to understand our aspirations and attitudes to risk before providing any planning advice. Explained things clearly and kept checking that we understood what he was saying. Very professional.
Chris & Pauline, Verified VouchedFor Review
What were the circumstances that caused you to look for a financial adviser? I required pension planning and general investment advice. How did Paul Taylor help you? Paul provided pension planning, general investment, tax planning and appropriate insurance advice. He is thorough and patient when explaining concepts. An aspect of his approach that I found particularly helpful is the way he aims to enable his clients in making their own decisions by pointing them at resources to educate themselves - whilst remaining on hand to answer questions. Have you seen the outcome you were hoping for? Yes What could they have done better? n/a
Laura, Verified VouchedFor Review
What were the circumstances that caused you to look for a financial adviser? Making plans to take pension/cash/annuity. Needed advice regarding the benefits of 'Protected rights' before proceeding. How did Paul Taylor help you? Paul explained the various potential ways to take a Private Pension and the issues to consider before proceeding any further, in a clear and down to earth manner. He ensured we understood the implications of the various options before making any binding decisions. Have you seen the outcome you were hoping for? The process is still ongoing but I can categorically say that without taking Paul's advice I would have made the wrong decision and not even realised! What could they have done better? Can't fault his service. He was prompt to reply to calls and emails, and we are grateful for the recommendation from a previous client.
Neil, Verified VouchedFor Review
What were the circumstances that caused you to look for a financial adviser? Draw down planning and life strategy approach. I have had poor previous experiences with IFA's. How did Paul Taylor help you? Paul used software to write a life time plan and gave great guidance on how to invest for this. Have you seen the outcome you were hoping for? I Was delighted with the outcome and i now have confidence with an IFA i can trust and would recommend. What could they have done better? I was happy with the outcome of our meetings.
Null, Verified VouchedFor Review
What were the circumstances that caused you to look for a financial adviser? Review of Pension Life Time Allowance. How did Paul Taylor help you? Very quickly and efficiently assessed our position and clarified what needed to be done before the start of the new tax year in order to protect the higher LTA limit. Also, reviewed current Life Insuarance policies. Have you seen the outcome you were hoping for? Yes for the LTA advice and also for the retirement savings plan along with a review of current Will's. We also agreed (following Paul's investigations/reviews of our Life Insurance) to start new policies for Life, Critical Illness and Income protection, all of which resulted in more significantly more cover for only a few pounds more per month. What could they have done better? Overall great professional service but the savings/expenditure report could be improved by being simplified with a clearer action plan of what to do next.
John, Verified VouchedFor Review
What were the circumstances that caused you to look for a financial adviser? We wanted to plan for our future and map out what lur funances might look like so we could work out when would be best to retire/semi retire. I felt there might be a possiblity of being made redundant so also needed to consider self employment as a option. How did Paul Taylor help you? Paul took the time to get to know us and our priorities. He undertook a full review of our household finances, predicted future spends on our dependants and costed a future lifestyle we'd be comfortable with. He highlighted areas of financial security and aspects where we needed to make arrangements. Have you seen the outcome you were hoping for? Yes, the work Paul did went beyond our expectations and has given us a financial plan to our desired retirement ages. We know we'll go back to Paul at that point to review and update the plan.
Maria, Verified VouchedFor Review
About us

Through the use of True Potential’s award-winning technology, I can provide straightforward and transparent advice in a simple and convenient way, along with giving you 24/7 online access to your complete financial affairs. As a result, you will be better informed, confident and empowered to reach and visualise your financial goals.

Our services

If you are looking for help and guidance around retirement planning, the possibility of whether transferring your pension is right for you or drawing down your pension and taking benefits, then I would be delighted to assist. I am also perfectly placed to help you with Defined Benefit advice, as True Potential are one of the biggest financial firms, within this complex and specialist market. Alternatively, you may be looking to invest and supplement your income or to grow your assets and receive a far more attractive return than inflation and bank rates. Whatever, your circumstances, you will feel in control of your finances and together, we can make your dreams become a reality.

Where to find us
Head office address: 6 Poole Avenue, Buckshaw Village, Chorley, PR7 7FP
Service coverage
Preferred clients
Minimum wealth (income/assets)
£151,000
Minimum pension value
£151,000
Minimum mortgage value
£0
Special offers
Choose an Unbiased exclusive special offer:
Offers terms
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
9.0/10
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FCA authorised
Last authorised 27th June 2022

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