Essentially Wealth Magazine Summer 2020 Is Here

Financial Advice Sutton ColdfieldThis quarter’s edition of our complimentary magazine Essentially Wealth is now available for all our clients to whom we give financial advice in Lichfield, Sutton Coldfield and across the region.

We will be emailing this out in the coming days, but if you can’t wait to read the article “Covid-19 The Ultimate Financial Stress Test” and read about “When Is A £20 Note Not A £20 Note” and much more just click this link Four Oaks Essentially Wealth Summer 2020 Q3

Summer 2020 Essentially Mortgages Magazine Is Now Available

Mortgages Sutton ColdfieldWe will be sending this magazine out via email to all our clients who receive Financial Advice in Lichfield, Sutton Coldfield and surrounding areas.

This is a complimentary magazine and this quarter it is full of comment and information regarding mortgage affordability in a post-lockdown world, and items such as the stamp duty break for many home buyers which is only available for a short time.

Make sure you keep up to date and informed.  Please click on this link Four Oaks Essentially Mortgages Summer 2020 Q3 to read the magazine now.

Adviser Susie Leek Attains Standard

Mortgage Sutton Coldfield
Susie Leek, Mortgage & Protection Adviser

Adviser Susie Leek has achieved a milestone in her career with us.  Susie has attained the standard required to operate as a Mortgage & Protection Adviser within the Quilter Financial Planning network.

Experienced Mortgage & Protection Adviser Susie Leek joined us in the Autumn of last year. Although she was already qualified to give mortgage advice. However, when an Adviser joins Four Oaks Financial Services they undergo continuous professional development.

One of the requirements is to achieve the standard required to operate as an Adviser within the Quilter Financial Planning network.  This is attained by having real cases appraised by Quilter Financial Planning.

Before joining Four Oaks Financial Services Susie had worked at HSBC from the age of 18. She was a Mortgage & Protection Manager for many years.  Susie is one of our Advisers who has demonstrated a special interest and skill for mortgages. Using her experience, she helps our clients with their mortgages and financial protection, which often go hand-in-hand.  Whether they are moving to a new home or getting a mortgage review Susie is there to help them.

Think carefully before securing your debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

Some clients don’t realise that they can get their mortgage reviewed at any time.  Not just when their existing mortgage term ends or they are moving house.  To make sure you have the appropriate mortgage for you and your unique circumstances, please contact us.

Susie is a member of our 14 strong team of Advisers who give advice in Sutton Coldfield and across the whole of the Midlands region.

Women Giving Financial Advice

Women Financial Advisers
L-R Financial Advisers Karen Hagan & Sue Cassar

The women giving financial advice at Four Oaks Financial Services are an asset to our team. This blog has been written by two of our very experienced Financial Advisers, Karen Hagan and Sue Cassar.

Nick Murray in his book “The Excellent Investment Adviser”, published in 1996, said:

“The rise of women is, in my judgement, the single best thing that has happened in the financial services industry since I entered it, nearly 30 years ago.  Women have made the business not merely better, but finer”.

Naturally we agree!

24 years later, given the strange times we are living in, we believe his comments have a greater resonance now – and here’s why…

Owing to Coronavirus we are facing unprecedented challenges.  Employees are being ‘furloughed’. People are losing their jobs. Businesses are losing their hard fought-for contracts and hard-won clients. Some businesses are having to close. The self-employed and small business owners are struggling with lost income and revenue.

Even During Lockdown We’re Here To Help

We are home working; on lockdown but are still here to help. We are women providing financial advice to our existing clients and we are being contacted by prospective clients, many of whom are women who need our help, right now at this difficult time.

We believe it is very important to acknowledge all the issues people are grappling with and to understand the problems facing our clients at this time. As women giving financial advice we feel that an empathetic, listening approach is needed and; because we are women, we have a heightened ability to empathise and listen.

Us ladies, I think it would be fair to say, have taken a more ‘softly, softly’ approach to financial planning and when it comes to financial products – our approach has historically come more from an ‘advisory’ stance than a ‘hard-sell’ one.  We are keen to be viewed as helpful, not pushy.  In actual fact, given the crisis we all now find ourselves in, we are wondering if that has been the right approach. Should we have been more assertive in our conversations with people…perhaps this could have resulted in them being in a better position during this pandemic than they are now?  Perhaps we could have encouraged them to build a bigger emergency fund; take out Income Protection; save more in an ISA or a pension, which if they are over 55 they could draw upon if they really needed to.

On a positive note we’d like to suggest that our ability to self-reflect is an extremely important attribute.  We would also add that many women are at the forefront of financial services, leading the drive to improve and demonstrating innovation and ambition.

The Skills & Qualities Of A Financial Adviser

Let’s focus on the excellent skills that all advisers have in common:

  • Trust
  • Integrity
  • Professionalism
  • Knowledge

Added to the skills above could be the following qualities we think potential clients would do well to consider when choosing their financial adviser.

  • Listening skills
  • Caring
  • Understanding what’s important to you
  • Passionate about your wellbeing
  • Empathy

Women have these skills in ABUNDANCE!

So if you are looking for a Financial Adviser who listens and cares about YOU then hopefully we have encouraged you to think about engaging the help of a Female Financial Adviser!

 

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.

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