Legal & Medical Investments

Independent financial advice for doctors and dentists

Legal & Medical Investments Ltd is an independent financial advisory firm that works specifically with medical and dental professionals. Its advisers describe themselves as specialists in helping doctors and dentists create, grow and protect their financial wealth, combining financial planning expertise with knowledge of the NHS Pension Scheme and the professional circumstances of clinicians.

The firm states that it has no ties to any single provider and offers whole-of-market advice. Its advisers are presented as fully qualified and specialised in providing impartial financial planning and wealth management to medical and dental professionals. The team covers the Midlands, the South of England, Wales and Scotland, and individual advisers are listed with coverage areas including London and the South East, the South West, Wales and West England, and nationwide.

Financial planning services

The firm's service range is organised around several areas of financial planning:

• NHS Pension & Retirement Planning: advice built around the NHS Pension Scheme, supplemented where needed with personal pensions and SIPPs.
• Investments & Savings: portfolios tailored to the client's needs and profession, aimed at generating tax-efficient wealth.
• Tax Planning: basic, advanced and inheritance tax planning intended to minimise tax and maximise available allowances.
• Mortgage Advice: whole-of-market mortgage research, including lenders that look favourably on the medical profession.
• Personal & Professional Protection: life assurance, critical illness cover, income protection, locum insurance and practice insurance.
• Will Writing: drafting of wills, with related inheritance tax planning and the use of trusts.

Approach and client relationship

The firm presents its advice as unbiased and whole-of-market, with the stated aim of ensuring clients have the right investment portfolio, protection cover, mortgage and retirement plan at the right price and time. It emphasises long-term relationships, describing an adviser "for life" who remains with the client even if they move town or their circumstances change. It also highlights trust and transparency, describing plain-talking advisers who act in the client's best interests.

On fees, the firm states that clients can choose how to pay: a fee agreed at the start and paid up front, commission (not applicable for investment-related planning), or a combination of fee and commission. No charges are made until the payment option has been agreed.

Who the advice is for

The client base described on the site includes GPs, hospital doctors, locums, surgeons, consultants and dentists. The firm frames its value in terms of understanding the NHS system, its benefits and the NHS Pension Scheme, as well as the changing professional circumstances and financial obstacles clinicians face throughout their careers.

Advisers and coverage

The site lists a large team of advisers with named coverage areas across the Midlands, the South of England, Wales, Scotland, London and the South East, the South West, and nationwide. The firm also offers a free, no-obligation initial consultation of one hour, either in person or by telephone, described as a health check of the client's finances. It publishes a blog covering topics such as NHS Pension Savings Statements, work expenses that doctors and dentists can reclaim, limited company arrangements for dental associates, the value of the NHS Pension Scheme, the cost of raising a child, and politics and market stability.

Regulatory status

Legal & Medical Investments Ltd is registered in England & Wales (No 03429678) and is authorised and regulated by the Financial Conduct Authority, entered on the Financial Services Register under reference 185193. The firm notes that the Financial Conduct Authority does not regulate offshore investments, tax advice, estate planning and some forms of mortgages, and that the tax reliefs referred to on its site are those currently applying in the United Kingdom to UK tax residents.