This is a complementary magazine full of useful information and topical articles. In this issue we look at why keeping a clear head with your investments is important, which is timely owing to the continuing market volatility surrounding Brexit and the General Election. On a happier note read about planning for a new arrival in the family.
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 firstname.lastname@example.org.
As Financial Advisers we help our clients with their financial planning for the whole of their lives and for what happens after they have passed away. Many people are going to have a problem with Inheritance Tax, or rather their beneficiaries are, when they die. Unless they take action now to address this.
Our Financial Advisers who provide financial advice local to Sutton Coldfield and across the area, help our clients with their Inheritance Tax planning. There are many options to consider. One is to take out a life insurance policy which can provide a sum of money to pay all or part of your Inheritance tax bill. See the example on our Inheritance Tax Planning page.
Tax Planning and Inheritance Tax Planning is not regulated by the FCA.
Tax treatment varies according to individual circumstances and is subject to change.
Our Receptionist Olivia Arnold does much more than greet our visitors! Her job title definitely doesn’t tell the full story, and that’s why her colleagues put her forward for our Quarterly Recognition Award.
Our senior management team gave the award to Olivia in recognition of her hard work and commitment to the Firm and her growing confidence and desire to learn and adapt to whatever task is required. For example, Olivia now takes the Minutes of our weekly meeting, she manages all the supplies that give us a top-quality working environment, not to mention managing the plethora of stationery we need. She provides support to our MD Martin Ward, provides additional support to our Client Support team and is being trained so that she can give cover in the department.
“I feel very appreciated and happy.” Says Olivia. “It is good to feel that all the little things that I do, add up and this has been recognised.”
Olivia was nominated by several colleagues including Financial Adviser Nic Whittaker, who provides financial advice local to Sutton Coldfield.
Darwin Court Care Home in Lichfield recently held a social cheese and wine event for their residents and families with the added benefit of being able to meet a Financial Adviser and a Solicitor. They invited Mark Timmins, one of our Financial Advisers and Rebecca Head, Solicitor at Four Oaks Legal Services to provide general information on issues that affect people living in care homes.
Although no specific financial advice was given, residents asked questions around paying for care and the investment of funds to pay for care in the future. From a legal perspective the questions were more around how to stop a family home being sold to pay for care and how to protect property so that children and grand-children can receive an inheritance.
Mark Timmins is a Financial Adviser who is qualified to give financial advice on all aspects of financial planning. He also holds the additional qualification required to give financial advice on Long Term Care. Mark is one of our team of Advisers who provide financial advice local to Sutton Coldfield and across the wider area.
Four Oaks Legal Services Limited is not an appointed representative of Quilter Financial Planning Limited, and Quilter is not responsible for the services and activities provided by Four Oaks Legal Services Limited.
Legal Advice is not regulated by the Financial Conduct Authority.
We’ve extended a warm welcome to Gemma Randle who has joined our Client Support Team. Gemma is no stranger to financial services and administration, having previously been a mortgage adviser at HSBC for 10 years and the Principal’s PA at a secondary school for the past two years.
In her new role Gemma will be supporting our Financial Advisers who provide financial advice in Sutton Coldfield and across the region. Her duties include carrying out important administrative tasks such as inputting new client details and liaising with financial services providers so our Advisers can act on our new clients’ behalf.
Gemma, who is married and a mum of two, chose to join us because she wanted to get her work/life balance back. Outside of work she describes herself as “Mum’s Taxi” and enjoys the gym, seeing friends and family holidays.
Gemma has been surprised at how busy our Client Support Team is, saying there is never a quiet moment. She particularly likes working as part of a team and is looking forward to progressing in her career here at Four Oaks Financial Services. Welcome Gemma!
Experienced Mortgage and Protection Adviser, Susie Leek has joined our team of financial advisers who provide financial advice in Lichfield and across the Midlands.
Susie brings a wealth of experience and knowledge with her, having worked at HSBC for many years in the role of Mortgage & Protection Manager. Susie made the decision to join Four Oaks Financial Services owing to the behind-the-scenes support provided by our paraplanning, administration and client liaison teams.
Susie said “I decided to join Four Oaks because I really feel I will be getting my work/life balance back on track. Four Oaks has streamlined procedures and they have got the right people in the right jobs. With the support provided by my new colleagues I can focus on what I am good at, which is giving mortgage advice and making sure my clients have the right level of protection to safeguard what is most precious to them.”
For the next 18 months or so Susie is going to concentrate on mortgages and financial protection but is keen to add to her qualifications in the future so she can give financial advice in other areas, such as Pensions.
Outside of work Susie adores spending time with her young daughter and enjoys music; even managing to get to a couple of festivals this year. Welcome to the team Susie!
It doesn’t pay to delay decisions regarding pensions and planning for your income in retirement. The reason for this is the later you leave it to start a pension, the more you are going to have to contribute each month.
If you want to retire with an annual income of £20,000 you may receive a State pension of about £8,700 per year, but this will depend upon your National Insurance record. This means that you will have to fund the difference through pensions, savings and other investments.
We’ve done some calculations based upon someone starting to save into a pension at age 25, 35 and 45. At age 25 you would need to contribute £298 into your pension every month, at age 35 this increases to £413 and at age 45 its £628 per month.
Pensions are an attractive way to save for retirement as they give access to professional fund managers and offer considerable tax benefits. Our Advisers, who provide financial advice in Sutton Coldfield and across the region, are expert at finding an appropriate pension plan for our clients and helping them towards a happy and comfortable retirement.
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.
We are recruiting professionally minded individuals who are looking for a career change. We are looking for people to join us to train to become Mortgage and Protection Advisers, and for those who have the drive and ambition, we will help and support them to become fully qualified Financial Advisers.
Join our team and you will be enrolled into our own in-house training academy and we will help you study for your professional qualifications to become a fully qualified Financial Adviser. Our Business Development Manager will support you to establish a client bank and you will gain valuable experience from our MD and our team of expert Advisers.
You will be assisted by our experienced support staff providing: Administration, Paraplanning, Compliance, Marketing and Appointment Making.
This is a wonderful opportunity for individuals who are ready to make a career change.
More congratulations are in order for Mortgage & Protection Adviser, Emily Walker and Paraplanner, Lily Jackson who have passed another examination first time.
This latest examination is the Investment Principles & Risk qualification, leaving just one more examination to pass on their journey to achieve the Diploma in Professional Financial Advice. Once they have passed this final examination, they will have achieved the level required to become fully qualified financial advisers.
The Investment Principles & Risk syllabus covers all the main kinds of investments and associated risks as well as the tax treatment applying to each type of investment. The syllabus also covers the Advice Process, which included the obligations of a Financial Adviser and appropriate fact finding in order to make the appropriate investment recommendations. There are a number of different types of risk and Lily and Emily had to know all of them and demonstrate their knowledge in each area. They were also required to study investment performance, knowing how to evaluate a portfolio’s performance, as well as comparing an investment portfolio against a suitable benchmark. They also had to study in depth the various factors that a fund manager has to take into account when selecting a particular stock.
Both Lily and Emily study independently, but both have stressed the benefit of studying and taking the exams at the same time.
Emily Walker said “The exam was quite mathematical, we had to show that we understood the use of equations and then use them during the exam to demonstrate our knowledge of things like calculating net asset value of a stock, dividend yield and so on. Doing the exam at the same time as Lily has been very helpful, because we have supported and motivated each other.”
Lily said “Motivating each other has been a massive help. On this syllabus there was a lot to learn. Although a sound knowledge of investment principles is required in my day-to-day role as a Paraplanner, passing this exam takes the knowledge required to another level.”
Lily is part of our in-house Paraplanning team who work along-side our financial advisers who give financial advice in Sutton Coldfield and the wider area.
Congratulations to both of you, and best wishes for success in your final exam which is the Case Study.