John Rogerson

My first involvement with Ludlow was through my legal representatives DRN Law, Burnley who had created a partnership with Ludlow to provide Financial Services on behalf of their clients. My father had died in 2010 and I was anxious to make the most of his bequests to myself, my daughter and my grandchildren. I was particularly worried about creating a trust for the grandchildren as there seemed to be little or no ready advice and guidance out there in the real world.
My first meeting with Ludlow was with Steven Bayes at DRN’s offices in Burnley and I think we very quickly struck up a workable relationship. We concentrated firstly on the £100,000 trust legacy for the children and Steve eventually recommended an offshore investment bond; this being a self -maintaining investment fund via multi-manager portfolios. This would be a non-income producing vehicle for HMRC purposes and would roll on until each child reached the age of 25 years.

This was subsequently set up and has so far produced a very satisfactory situation where we are now seeing a yield of 50% on the initial investment as at the end of 2016.

Early in 2013, we turned our attention to the investments I had made on behalf of myself and my wife resulting from my father’s legacy. After several discussions with Steve during which his objectives were to understand more about our objectives and goals and our attitude to the risk involved in investing our money. These sessions enabled him to recommend a strategy which would be more cost effective to us in terms of fund management charges and so I was happy to agree that we transfer the servicing of our portfolio to DRN/Ludlow and to switch our fund of funds investments to a better manager of managers fund. I also agreed to transfer other of our stocks and shares ISAs onto the new platform in order to realise further benefits from reduced platform charges.

Throughout all these discussions tax efficiency was a priority and as we currently stand all of our long-term investments are residing under an ISA umbrella and I am very happy with the performance of my chosen funds as I am more than happy with the advice and guidance given by DRN/Ludlow.

Steve and I meet formally at least twice a year to monitor performance of both the trust and our personal portfolios and discuss any changes in circumstances and investment strategy. Such meetings are held at a venue convenient to me and are fully minuted and made available to me. Long may it continue.