Guide · Professional clients
How to choose a financial adviser for lawyers
For lawyers, the useful distinction is not the job title itself but how income, partnership interests, pensions and family finances fit together.
Understand the income structure
Salary, drawings, partnership income and bonuses can create different planning needs. The adviser should understand how your actual remuneration works before recommending anything.
What might need coordinating?
PensionsExisting workplace or personal arrangements and future contributions.
InvestmentsCash reserves, ISAs and longer-term portfolios.
ProtectionHousehold dependence on a high professional income.
RetirementWhether future work is optional and how wealth will fund later spending.
Ask about partner and professional clients
Repeated experience with law-firm partners or similar professional structures can be more relevant than a generic high-net-worth label.
Do you need ongoing advice?
A high income alone does not justify an indefinite ongoing fee. Compare the expected recurring planning work with the recurring charge.
Sources & further reading