Financial planning for legal professionals

Who we are

The Penny Group is an award-winning, Chartered Financial Planning firm based in the City of London. We are part of The Openwork Partnership, one of the largest and longest-established financial advice networks in the UK. Recognised as London Financial Adviser Firm of the Year at the Professional Adviser Awards 2025 and by Citywire in their Top 100 for eight consecutive years, we work with high net worth individuals to design and manage tailored financial strategies that support long-term success.

Advice you can trust

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Advice designed for legal professionals

Financial planning for legal professionals is rarely straightforward. From complex remuneration structures and tax considerations to demanding careers, building a clear, long-term financial strategy can be challenging.

We work with legal professionals at all stages of their careers, helping to bring structure and clarity to finances that are often anything but predictable. From managing fluctuating income and navigating pension complexities, to ensuring your earnings are structured as efficiently as possible, our advice is tailored to the realities of life in the legal profession.

Book an initial conversation

Key financial questions

Many in the legal profession we speak to are asking themselves the same questions:

Am I structuring my income as efficiently as possible?
How much do I actually need to achieve financial independence?
Am I paying more tax than I need to?
Is my pension strategy still fit for purpose?
What would happen financially if I were unable to practise?
Am I making the most of my earnings while they are at their peak?

If these are questions you have considered, you are not alone, and putting the right plan in place can make a significant difference over time.

The value of investments and any income from them can fall as well as rise and you may not get back the original amount invested.

HM Revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen.

Contact an advisor today for more information

Meet your specialist adviser

On hand to help tailor your financial plan

Clement Cowley

Chartered Financial Planner, Partner

Our approach

Our structured planning process is designed to provide clarity and confidence at every step

Book an initial conversation

A conversation

We establish your current financial position and personal circumstances, life goals, aspirations and concerns surrounding:

Work
Property
Family
Retirement
Later life

Fact-finding

We collect all relevant personal and financial data and
establish your perceived risks, we use:

Personal circumstances
Third-party information
Risk profiling
Financial and tax information

Analysis

We use specialist planning tools to assess your current
position and how you got there. This is done through:

Legacy product analysis
Cash flow design
Collaborating with your other professional advisers

Tailoring a strategy

We will prepare a personal report with bespoke
recommendations, then set out different strategies to
achieve your objectives. This is done through:

Product research and design
Cashflow presentation
Formal written recommendation
Product provider liaison
Personalised illustrations and documents

Implementation

We agree the plan to implement the strategy to help you achieve your objectives over a given period of time. This includes:

Onboarding you as a client
Executing trades
Online portal creation
Service model implementation

Regular reviews

We will meet on an ongoing basis to assess your strategy and implement the next steps in your plan, if you choose to.

How can we help?

We’re here to help you align your needs, values and goals with your finances, giving you peace of mind knowing that you’re on track to achieve financial independence.