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The rewards of advice

Working with clients who are embarking on a philanthropic venture has countless benefits that go far beyond the initial billing fees

11 February 2016

Having the fortune to be involved in a spectrum of philanthropy can add to the relationships with clients and allow the adviser to adopt the role of someone who is not only giving advice, but is also a party to what is a very personal aspect of anyone's life; giving something back in a charitable way.

Two examples jump to mind of instances where there were a range of allied benefits from simply knowing the client better to the resultant work and fees generated, whether directly or indirectly through referrals.

Mighty oaks

A client I had been acting for asked me if I could help her review her application to register a small charity, which had a principal goal of bringing meaningful time for arts and crafts back into state schools. We'd reviewed her current and anticipated financial circumstances; a substantial and imminent inheritance was l...

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