Andy Riddle: Managing the Financial Affaires of Vulnerable Clients
Further information on the Mental Capacity Act 2005 can be viewed here in two easy to read guides:
Making decisions: an Easyread guide’
Making decisions: A guide for family, friends and other unpaid carers’
About Professional DeputiesClick Here for the Professional Deputies website
Professional Deputies manage the property and financial affairs of adults who are deemed mentally incapable of doing this themselves, and have no family or friends that could assist them with this vital day-to-day task. These adults are some of the most vulnerable members of society, and safeguarding their assets is at the heart of what we do.
The work that we do is regulated by the Court Of Protection (COP), the Office of the Public Guardian (OPG) & the Department for Work & Pensions (DWP).
We work closely with local authorities, charities, not-for-profit organisations, law practices, care providers, advocates & the general public. Our clients come from a range of care groups including: Elderly, Learning Disabilities, Mental Health, Alcohol & Substance Misuse, and Physical & Sensory Disabilities.
We bring to the market the following advantages:
- with the correct systems and technologies in place we are able to concentrate on our core business – managing client’s funds/assets for their benefit
- specific expertise in a niche work area
- we are not constrained by budgetary cuts or bureaucracy that is found within some organisations within the public sector
- through access to members of SOLLA (Society Of Later Life Advisers) we are able to offer our clients a service where their funds are able to attract a more favourable rate of interest
- we offer an independent service free of any conflict of interest, unlike some organisations within the public sector who might be managing a client’s funds while collecting a range of charges from them
- a cost effective solution in that our costs are fixed, and not assessed
- key contacts and networks throughout the country