Philip J Milton & Co Plc

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Founded in 1985, Philip J Milton & Company was incorporated in 1996 as a public limited company (Plc) with an authorised share capital of £1 Million.

We are delighted and proud to offer a fully independent financial and investment planning service and we advise upon all aspects of clients’ financial affairs. The Company continues to expand its operations and also offers an Accountancy and Taxation service along with a Will Writing, Trusts, Estates and Probate Department.

The Company is authorised and regulated by the Financial Services Authority (FSA) and is one of the largest and longest established Independent Financial Advisers in North Devon. We are regulated at one of the highest available categories, being one of a very few authorised to undertake discretionary investment management and to hold client money. Consequently, we are required to maintain sizeable and very strict financial resources at all times. The Company’s accounts are subject to thorough independent audit and full accounts are published and submitted to the FSA regularly. Also, the Financial Ombudsman Service and Financial Services’ Compensation Scheme apply to enhance investor protection against financial loss.

With well over two decades of experience, we also boast some of the highest financial services’ qualifications in the country. Staff are encouraged and sponsored to achieve qualifications beyond the industry standard to ensure that we continue to deliver an excellent service to clients.

Success can be attributed largely to the Company’s uncompromising commitment to clients, including ongoing assessment and management of investments, a thorough understanding of financial markets, prudent management and long-term financial stability.

We do not “sell products” - we provide a comprehensive and long-lasting service to individuals and their families. This is an important distinction and an approach that is rare in today’s fast moving landscape.

This has led to many clients recommending family and friends to seek our advice - the ultimate endorsement of the quality of our services.

Don’t trap your capital in a Buy to Let Property

1 February 2010

With house prices apparently improving you may be considering investing in a Buy to Let property. Property investment is seen by many as lower risk due to the tangible nature of the investment. However, this type of investment is actually higher risk in nature than many realise. Firstly you are investing a large amount of your capital in an inaccessible and illiquid asset. Secondly you are not assured a return from the investment, tenants are not guaranteed and even those with tenants may find the occasional ‘bad egg’ who defaults on their rent. Maintenance of the property will incur costs as well as the employment of a property management firm. When you come to sell the property a capital gain may be realised but this may then be chargeable to tax if your annual personal allowance is exceeded. We do not expect a return to the days of double digit annual growth in house prices and anticipate a far flatter market in years to come.

If you have funds available for investment we shall be happy to advise you on the other opportunities which may be of interest depending on your personal situation, aims and objectives. Please contact the office to arrange a free initial meeting.