Phoenix Learn About Financial Planning

Financial Advice Sutton Coldfield
Karen Hagan, Financial Adviser

Financial Adviser Karen Hagan recently gave a presentation for the Phoenix Networking group on Financial Planning and How To Get Financially Fit. Phoenix is a business networking group for ladies. Karen, who gives financial advice local to Sutton Coldfield, is an experienced financial adviser and one of our advisers who often works with female clients.

Her presentation was split into four sections. First giving tips on getting financially fit that you can do yourself. Followed by financial planning that needs the help of a financial adviser. She then touched on behavioural economics and finally, ran through our “bucket” presentation. If you have not yet seen this, please ask your financial adviser or book an appointment with our client liaison team.

Top Tips On DIY Financial Planning

In her presentation Karen talked about things that everyone can do for themselves to get fitter financially. Such as, clearing debt, transferring credit card balances, re-mortgaging at a lower rate and making a Will.

The Support Of A Financial Adviser

Karen went on to outline the circumstances where you will usually need the advice of a financial adviser.  For example, making contributions to your pension and tax planning. Or, when looking to make financial investments especially when the stock market is volatile and could be causing the client some anxiety.

Behavioural Economics

In this section Karen talked about attitudes to risk.  Everyone is different.  Some people are put off investing on the stock market, because they perceive it to be risky.  Others have a less cautious attitude to risk. What a financial adviser does is educate people on all the different investment options available and the associated level of risk.

Karen wrapped up her presentation with a light-hearted but very informative run through our “bucket” presentation. This explains the role of financial planning throughout your life and is aligned to our Lifestyle Financial Planning approach.

By clicking on the above links, you are now departing from the regulatory site Four Oaks Financial Services Limited. Neither Four Oaks Financial Services Limited nor Quilter are responsible for the accuracy of the information contained within the site.

This Quarter’s Essentially Wealth Magazine Is Now Available

Mortgage Advice Sutton ColdfieldWe are very pleased to announce that our quarterly magazine, Essentially Mortgages is now available. This is exclusively for our clients to whom we provide mortgage advice in Sutton Coldfield. To read this magazine please click on this link Essentially Mortgages Magazine Q1 2020

This is a complementary magazine for Four Oaks Financial Services mortgage advice clients.  It is full of useful information and topical articles for anyone with a mortgage or looking for a mortgage.  The format delivers lots of news and things you need to know, in a quick and easy to read format.  In this first issue of 2020 you will find articles that our clients seeking financial advice in Sutton Coldfield, and throughout the Midlands area, will find of interest.

Highlights of this issue focusing on Mortgages include:

  • Self-employed? Securing A Mortgage Need Not Be Mission Impossible
  • Garages And Gardens – House Hunters’ Top Priorities
  • Home Affordability Improving For Many
  • Is Mortgage Apathy Costing You Money?
  • Life Insurance For Astronauts?
  • Are Your Christmas Gifts Insured?
  • Thinking Of Remortgaging In 2020? You’re Not Alone
  • Moving Home May Cost More Than You Think
  • Missed The Help To Buy ISA Deadline?
  • Five Things To Remember When You Move Home
  • Your Changing Protection Needs For Every Life Stage

We will be emailing Essentially Mortgages to all of our clients in the next few days.  If you are not on the mailing list and would like to receive this and the sister publication Essentially Wealth, please email clientcontact@fouroaksfs.com.

If you want further information about any of the articles and how you could be affected, our team of Financial Advisers are always available to provide financial advice to our clients in Sutton Coldfield and right across the Midlands region. For help and advice you can contact your Adviser direct, or you can contact our Client Liaison team to make an appointment.

This Quarter’s Essentially Wealth Magazine Is Now Available

Financial Advice Sutton ColdfieldFor our clients to whom we provide financial advice in Sutton Coldfield and across the Midlands, our quarterly Essentially Wealth magazine is now available for you to read. Please click on this link Essentially Wealth Magazine Q1 2020

This is a complementary magazine for Four Oaks Financial Services clients.  It is full of useful information and topical articles delivered in a quick and easy to read format.  In this first issue of 2020 you will find articles that our clients seeking financial advice in Sutton Coldfield and across the region will find insightful.

Highlights of this issue focusing on financial advice include:

  • University – Addressing The Challenge Of Covering Costs
  • Waiting for the Green Shoots of Spring
  • Your Changing Protection Needs For Every Life Stage
  • Free Childcare – Grandparents Really Are Doing Their Bit
  • IHT Receipts Continue To Rise – Planning Pays
  • A Changing Retirement Landscape
  •  Generation Grudge – Desperately Seeking Balance
  • Aggravated By Acronyms?
  • The ‘Front Door’ Of Advice Is Always Open
  • Tax Year End Reminder – Use Your Allowances
  • UK Lags In Terms Of Retirement Security

We will be emailing this magazine to all of our clients in the next few days.  If you are not on the mailing list and would like to receive this and the sister publication Essentially Mortgages, please email clientcontact@fouroaksfs.com.

Remember the 2019-2020 tax year end is 5th April 2020.  The clock is ticking.  Don’t miss out. We can help you utilise your 2019-2020 tax year allowances.

If you want further information about any of the articles and how you could be affected, our team of Financial Advisers are always available to provide financial advice to our clients in Sutton Coldfield and right across the Midlands region. For help and advice you can contact your Adviser direct, or you can contact our Client Liaison team to make an appointment.

Why Have 42% Of Us Got An ISA?

Financial Advice Sutton ColdfieldAccording to HMRC 42%* of people hold an ISA. The reason for this popularity is that they are very tax efficient ways to save, benefitting from no Income Tax and no Capital Gains Tax. In fact, for most people they are one of the best ways to save, so the Government restricts how much you can invest in an ISA each tax year.  For the tax year that ends on the 5th April 2020 adults have an ISA Allowance of £20,000 and children £4,368.

It is important to note that you have to use the allowance in the current tax year.  It cannot be taken over into the next tax year. Use it or lose it.  If you are not sure if you have used all of your ISA allowance this year, or you want to have your existing ISAs reviewed, please speak to your Financial Adviser straight-away. ISAs are usually straight-forward to set up, but you’ve only got until 5th April if you want to invest in your ISA this year.

Find more information about financial advice for ISAs local to Sutton Coldfield.

The value of pensions and investments and the income they produce can fall as well as rise. You may get back less than you invested.

Our qualified Advisers have the expert knowledge to help you chose the most appropriate ISA based upon your circumstances and financial goals. To make an appointment contact our Client Liaison Team on 0121 323 2070 or clientcontact@fouroaksfs.com.

*HMRC, April 2019

Working Hard For Buddy Bag Foundation

Financial Advice Sutton Coldfield
Our Team At The Buddy Bag Pack

We had a brilliant day away from the office recently to help our charity Buddy Bag Foundation . We arranged for an advance party of six to go ahead and help set up the packing benches with the Buddy Bag organiser. This involved quite a lot of sorting and laying out, ready for around 30 of our team to get stuck in and pack all the bags required. Many thanks to our team of financial advisers who provide financial advice in Sutton Coldfield and our support teams for doing such an amazing job.

The Buddy Bags are sent to help children who find themselves in emergency care, so the contents have to be sorted and packed by age range with things that are suitable for boys and suitable for girls. Each Buddy Bag contains around 20 individual essential items like underwear and toiletries. They also hold things that the child can call their own, such as something to draw with and something for them to cuddle. We think the teddy is probably the most important item!

Remember that we are sponsoring the Lichfield Half Marathon on 10th May, and many of our team are running to raise money for Buddy Bag Foundation, here is the link to our Just Giving page if you would like to sponsor us.

By clicking on the above links, you are now departing from the regulatory site Four Oaks Financial Services Limited. Neither Four Oaks Financial Services Limited nor Quilter are responsible for the accuracy of the information contained within the site.

John Smith Celebrates 5 Years’ Service

Financial Adviser Sutton Coldfield
John Smith, Head Of Paraplanning

When John joined us in 2015 it was as a qualified Financial Adviser, but his career soon took a different path. John had wanted to move into Paraplanning, that’s research for those unfamiliar with industry jargon, but there had always been a catch.  No-one would give John the chance to be a Paraplanner as he didn’t have experience, and the only way you can get experience is by doing the job.  Thankfully, we are a bit more pragmatic and when a vacancy arose in our in-house Paraplanning team we were delighted to give John the opportunity to switch career.  And, we are very pleased we did!

Showing a superb aptitude for Paraplanning work, John was soon promoted from Junior Paraplanner to Paraplanner and a couple of years later, following a restructure, John became Head Of Paraplanning.

In the past five years our team of Financial Advisers who provide financial advice local to Sutton Coldfield, and who produce the work for our Paraplanning team has increased from 8 to 14 Advisers.  We have not increased the Paraplanning team, but John has overhauled the structure of the team, the systems and processes, and no-one has left which shows what a great manager he is!

We presented John with a certificate and a gift from the company, which he is going to put towards a trip to Barcelona with his family.  John said “I am very grateful of the opportunity, four and a half years ago to move into Paraplanning.  I would not be where I am today, and I love being part of the Four Oaks team.”

John is currently working towards his AF7 qualification in Advanced Pension Transfers and is aiming to complete this by the end of the year.  Well done John!

Becky & Ruth Recipients Of Quarterly Recognition Award

Financial Advice Sutton Coldfield
L – R Becky Dyche and Ruth Hughes

Every quarter we nominate the person that we think has gone above and beyond and deserves special recognition. The Senior Management Team then make the difficult decision as to who receives this accolade.

Of the nominees for Q4 2019 there were two people whom it was impossible to decide which should receive the award.  So Paraplanner Ruth Hughes and Becky Dyche of our Client Liaison department were declared joint recipients.

Charlotte Trueman, Head of Client Support said “Becky has won this award owing to her developing a deep understanding of our new back office system, Xplan. Becky has become the go-to person on all things Xplan related. Becky has also been flexible with her working hours and is happy to stay longer to ensure the work we do for our clients is done that day. Becky is also instrumental in organising monthly marketing campaigns and assisted with a number of mailshots in the last quarter of 2019.”

John Smith, Head of Paraplanning said “Ruth has won this award because it is sometimes difficult to believe that she has only been a member of the Paraplanning team for 18 months.  Ruth consistently produces research and suitability reports of an exceptional standard to support our financial advisers who provide financial advice local to Sutton Coldfield.”  He went on to say “Ruth always exhibits a can-do approach and is always willing to go the extra mile.  Ruth has also been instrumental in the successful integration of our new back office systems and is a true asset to Paraplanning and Four Oaks.”

Becky remarked, “I was shocked and pleased to receive this award, but it does give you a boost”.  Ruth said, “I was surprised, but I think everyone deserves this award as we all do our job to the best of our ability.” Well done to both Becky and Ruth who each received a gift and a certificate.

Welcoming Andy Robinson To Our Adviser Team

Financial Advice Sutton Coldfield
Andy Robinson

We are delighted to announce that Andy Robinson has joined us as a Protection Adviser. Andy was in the GB Windsurfing Olympic Squad for the build-up to the 1984 Los Angeles Olympics and has had a great career holding senior positions in business. He joins us with a wealth of knowledge from the “University Of Life”.

Having been a client of financial services for many years, now he’s on the other side of the fence Andy sees himself very much as the client’s champion. He readily identifies with the concerns and worries that people may have when seeking advice and no-one will find a more compassionate Adviser.

Andy is trained to give professional advice on financial protection and has joined the fast-track training programme, aiming to become a fully qualified Financial Adviser by the end of the Summer. This will give Andy the scope to advise his clients on a wider range of financial services.

Previously Andy was Managing Director at NT Telecom for over 30 years, he is a family man, he still regularly windsurfs and is a fell runner!  He has signed up to join his colleagues from Four Oaks Financial Services when we run in the Lichfield Half Marathon in May, and with his unique sporting knowledge he’s giving us all a few training tips.

Andy joins our 14 strong team of Advisers who provide financial advice in Sutton Coldfield and throughout the region.

Helping Core Maths Students At Aldridge School

Financial Advice Sutton ColdfieldIn recent months we have been invited to help teachers at Aldridge School add an extra real-world dimension to their classes. Late in 2019 Financial Adviser, David Jones and our Business Development Manager, Simon Trevelyan gave a presentation to students on careers in finance and banking. In early-January David was invited to speak to the Core Maths students.

Maths Teacher & Careers Leader, Vicky Hughes was coming to the end of the Core Maths Finance Module. She asked her students to create a list of questions to ask David. These ranged from “Can you have a financial adviser before the age of 18?” to “Do you know the proportion of people who don’t have enough money to afford a ‘normal’ lifestyle and are not in debt?”

There were 20 questions overall and David had to do some research in order to be prepared for this bright group of youngsters, some of whom have their sights set on Oxbridge. David said, “I was impressed with the quality of the questions, and also the attentiveness of the students during the session.”

Our team of qualified Financial Advisers give financial advice local to Sutton Coldfield and across the area. As a team we take great pride in serving our local community and are delighted to be asked to work with Aldridge School. We have already agreed to support them again by taking part in their Careers Fair in the Spring.

With Costs Rising How Will You Pay For Your Long Term Care?

The cost of a single room in a nursing home costs on average over £800* per week.  That’s around £41,600 per year and the Government doesn’t seem any closer to deciding what the State will provide to help people with their long term care costs. A policy paper was promised over two years ago but has still not been made public.  Currently, the funding of adult social care is broadly speaking, the responsibility of the individual.

Planning for long term care is difficult, as there are so many “and’s, ifs and “maybes” especially if you are not yet in your twilight years, but your Financial Adviser can talk to you about care funding options, as part of our holistic financial planning. With the costs of nursing and residential homes continuing to rise there is the potential for a massive impact on the future prosperity of families and individuals.

Find more information about financial planning for Long Term Care.

We have expert Advisers who have gained the extra qualifications required to give financial advice on Long Term Care financial planning in Sutton Coldfield and across the region. To make an appointment contact our Client Liaison Team on 0121 323 2070 or clientcontact@fouroaksfs.com.

*Source Age UK. 9th December 2019.