Finance Monthly Taxation Awards 2018 Winners Edition

20 F INANCE MONTHLY TAXATION AWARDS 2018 www. finance-monthly .com IRELAND TAX FINANCIAL PLANNING/ADVISORY FIRM OF THE YEAR FIRM PROFILE As Goodbody has been protecting and managing wealth for over 140 years, the firm brings considerable expertise to the wealth management challenges and opportunities facing business owners and professionals in Ireland today. We believe that coordinating advice around all aspects of a client’s financial affairs including personal tax, pensions and investments represents a more powerful wealth management solution for clients. Accordingly, the Wealth Management Division in Goodbody incorporates a dedicated financial planning team with some of Ireland’s leading pension and personal tax specialists, including Catriona Coady (pictured). These specialists are available to provide tax and pensions technical expertise on everything from funding early retirement and pension structuring, to tax-efficient investing and estate and succession planning. Specialist advice After meeting with a client to fully understand any financial goals and areas of concern, this specialist team will design a comprehensive and personalised financial plan which forms part of a financial roadmap to achieving financial goals and securing one’s financial future. The experience and expertise of the financial planning team means that the plan incorporates detailed advice and solutions and covers all the salient issues that are relevant to the individual’s financial circumstances. How Goodbody helps clients Typically, the financial planning service encompasses an assessment of the following areas: Net Worth and Cash Flow Analysis The team undertakes current cash flow analysis as well as projecting future cash flows on behalf of clients to assess the ability to achieve stated financial goals, and to identify what may need to be changed to protect or improve a client’s longer- term financial position. Protection Review The team will undertake a thorough review of the protection policies already in place and identify any gaps that might exist. Assessments are made as to how suitable existing arrangements are versus what else is available in the market. The team will make recommendations on costs, levels of cover and establish whether a client is over or under insured. Retirement Planning The team advises business owners and professional clients on every aspect of pension planning (pre-and post-retirement) such as threshold management and funding to self-administered investments and defined benefit transfers. Passing on Wealth Based on an assessment of net worth, the team estimates the potential inheritance tax liability that would be payable by beneficiaries. From there, they consider and recommend all appropriate estate and succession planning opportunities that exist under current tax rules and that can be undertaken to preserve wealth through the generations. Investment Advice Goodbody has been protecting clients’ wealth and generating real returns on their behalf for over 140 years. By applying this expertise to the financial planning process, existing investments held can be adjusted and/or new portfolios can be created to help meet certain financial goals that align from a risk and timing perspective. Financial Planning for Business Owners As more than a few of our clients are business owners, we have built specific expertise around advising companies and business owners on all aspects of financial planning. We offer specialist advice around a range of areas such as optimising company structures to extract value on exit, pension planning, diversifying investments to mitigate concentration risk and corporate investments. ABOUT CATRIONA COADY Catriona is Goodbody’s Senior Private Client Tax and Pension Specialist, and advises clients on their personal tax and financial planning needs. She has overseen the development of the financial planning service within Goodbody and provides this service to a diverse range of clients including those that are internationally mobile as well as domestic based high net worth individuals and family businesses and family offices. Catriona’s understanding of the tax impact of clients’ goals and decisions is critical to the financial planning process. Her experience includes non-domicile planning, cross border estate tax planning and assisting with the implementation of tax efficient wealth and succession planning structures. Before Goodbody, she worked for a Big 4 firm and has participated in a number of tax related groups and committees both domestically and internationally. She is a regular contributor to periodicals and media on tax related matters. Ballsbridge Park, Ballsbridge, Dublin 4 Tel: 353-1-6416003 Email: financial.planning@goodbody.ie Website: www.goodbody.ie AREAS OF EXPERTISE • Pension Structuring • Personal Tax Guidance • Income & Growth Investing • Philanthropy • Property • Tax efficient Estate & Succession Planning