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Dec 042014
 

 

Financial planning and advice is not just for the very wealthy – everyone can benefit from it. Good financial planning can help you achieve your future goals and aspirations and secure you and your family’s long-term future. Here are 10 reasons why you should speak to an IFA.

 

What is an IFA?

No 1: To protect your loved ones

Many people trying to sell insurance of one type or another but an independent financial adviser can tell you which one is best suited should the unthinkable happen. An independent financial adviser will assess your position and guide you through the best options to protect yourself and your family whether you are single, married, have children or they have long left home. Whatever your needs, an adviser can help ensure personal tragedy does not turn into financial crisis.

No 2: To help plan your spending – and saving

To secure your long-term financial future, you need to build some assets, initially to get you through the rainy days and then to pay for those holidays and luxuries. So, step one is to plan your spending so that you can begin to save – and step two is to plan to save so you can build your wealth as efficiently as possible. Regardless of whether you currently have £10 or £10,000, an independent financial adviser will look at your situation and find  the best starting point for you.

No 3: To help you plan for retirement

Once your short term saving needs have been met, you are then in a position to start thinking about your longer term goals. People are becoming more aware that they cannot rely on the State for more than the absolute basics. However, planning for retirement is a complex business and there are many different options available.

Pensions have come a long way in terms of flexibility in recent years and now offer a wide range of investment options. An independent financial adviser will not only help sift through the many rules and product options but can also help construct a portfolio to maximise your long term prospects.

No 4: To buy your home

The mortgage market was complicated enough already, with its discounts and variables, AERs and caps, indemnities and early redemption fees. Then the credit crunch hit and things have got even worse. However, buying a house is still one of the most expensive decisions we make, and the vast majority of us need a mortgage.

An independent financial adviser could save you thousands, particularly at times like this. Not only can they seek out the best rates, they can help you assess sensible levels of borrowing, make the most of your deposit and might also find lenders who would otherwise not be available to you.

No 5: Financial planning

As you progress through life, you begin to build your assets and your income begins to increase. You then start considering how you can enhance your position rather than simply consolidate it. This could mean anything from looking to retire early through to paying school fees for private schools or investing in overseas property.  However your dreams evolve, an independent financial adviser can help assess what is realistically possible – and put the best plan in place to help you achieve it.

No 6: To find the right combination of assets

Investment is as much about protecting the potential downsides as it is about targeting maximum growth. High returns are often associated with high risk – and not everyone is happy if their investment falls by a third or more overnight. An independent financial adviser will make a detailed assessment of your attitude to risk before making any recommendations. They will also ensure you don’t put all your eggs in one basket by helping you diversify not only across asset classes but also across accounts, individual funds and product providers.

No 7: To obtain an objective assessment

Every new product or investment opportunity is accompanied by hype, proclaiming it is the best ever –but that does not mean it is right for you. Investors the world over have been and will continue to be caught out by market bubbles or high charges because they don’t take a step back. A financial adviser knows how products and assets work in different markets and can outline the downsides for you as well as the benefits. Between you, you can then make a more informed decision about what hype you can believe – and what products you really need to avoid.

No 8: To save money

Once your risk and investment assessments are complete, the next step is to look at tax and even the most basic overview of your position could help. It may simply mean using ISAs or a pension plan to benefit from Government incentives or it could mean choosing growth assets over income to use capital gains allowances rather than pay income tax. Alternatively, for more complicated arrangements, it might mean moving assets to your spouse or children to make full use of their personal allowances. An independent financial adviser will always have your tax
position in mind when making recommendations and can help point you in the right direction even in complicated situations.

No 9: To keep you on track

Even when you have every product you need taken care of and your investments are set up and running to plan, someone needs to keep an eye on them in case changes in markets or abnormal events push them off course. You can ask an independent financial adviser to do this monitoring work for you. They can assess the performance of individual investments against their peers, ensure that your asset allocation does not get distorted as markets move and also help you consolidate gains as the dates of your ultimate goals approach.

No 10: For peace of mind

Money is a complicated subject and there are many things you need to think about to both protect it and make the most of it. Markets are volatile and the media is prone to exaggeration of both the risks and the rewards. Employing a good independent financial adviser can take the emphasis away from you and move it into the hands of an expert. Whether you need general, practical advice or a specialist with dedicated expertise, the money you invest in taking advice could be paid back many times over in the long term.

At MOA we believe we believe every client is altogether individual and deserves tailored independent financial solutions. If you would like to benefit from our objective, professional and personal service.

The value of pensions and investments can fall as well as rise, and you can get back less than you invested.

Your home may be repossessed if you do not keep up repayments on your mortgage or other loans secured on it.

For mortgages we charge a fee of at least £600.  We will also be paid a procuration fee from the provider, if one is available.

Nov 152013
 

When did you last review your company protection?

 

A review is time well spent!

Our advisers can work with you to help you to future-proof your business. Have you asked yourself these questions lately…

– Would there be a financial impact on the business if one or more of the directors/partners or key individuals were no longer around?

– Would the business or its owners have the cash to survive?

– How quickly would the business or owners need the cash?

– Where would the business or business owners get the cash from if the worst happened?

– Are there any liabilities (eg loans)?

– Are there any personal loans from the directors/partners/members into the business?

-Are any of these loans subject to personal guarantees?

Why leave it to chance?

Mike Oliver Associates are directly authorised and regulated by the Financial Conduct Authority

Insurance

Welcome To:

 

home commercial mortgages pensions protection savings & investments wills & estate planning about us contact us Equity Release Long Term Care & Asset Protection

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We’re on the high street, drop in and see us….

MIKE OLIVER ASSOCIATES
55 Perrymount Road,
Haywards Heath,
West Sussex, RH16 3BN

Call: 0845 4021757 or o1444 449222
Email: advice@moaifa.co.uk

“We grow our business by referrals, 
don’t keep us a secret!”

 

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and the Data Protection Act 1998.
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What You Need To Know

 

what-you-need-to-know

 

The Financial Conduct Authority FCA 11 Principles of Business fashion the code of conduct for our industry.   If we advise you on your assets then we assume a joint responsibility with you to safeguard them in any eventuality. Under Principle 10, as Financial Advisers, we are morally and legally obliged to protect the assets of our clients.

As Financial Advisers we maintain the highest standards of ethics.  To that end we have devoted our time and efforts to producing a charging structure that is fair across all our business areas. We are pleased to support FCA Principle 6, ‘Treating Customers Fairly’.

 

 

 

Your Appointment

 

Tell us about your plans and dreams and we’ll work withchrysalis you to try and turn them into reality

 

What to bring with you

We have created this checklist to give you an idea of what information we will need to help you with your financial planning, and by supplying us with this information at our first meeting, we can start working on your case quickly.

  • List of goals for the financial planning exercise
  • List of specific questions that you want answered

ID/Residence

Proof of name – Current Passport or Drivers Licence

Proof of address – Utility Bill/Bank Statement – dated within the last 2 months showing name and current address

Possible Documentation Requirements:

  • Current Will and Trust documents
  • Buildings and Contents – policy and schedule
  • Life & Critical Illness – policy and schedule
  • Pension policy information
  • Investment information

Information required for Mortgages:

If Employed

Latest 3 months payslips

Latest P60

Latest 3 months bank statements showing salary being credited. Statements must include the bank’s name together with the applicant’s account number and name.

 If Self-Employed

3 years company accounts/self assessment tax returns

3 years HMRC SA302’s with Corresponding tax year overviews – these can be obtained from HMRC, they can be used as proof of earnings and tax paid

If you receive a PAYE salary from your own company then we would require 3 months payslips and latest P60 as well as above

Latest 3 months bank statements. Statements must include the bank’s name together with the applicant’s account number and name.

Additional Documentation

For purchases if not using equity from existing property we will need evidence of deposit funds

Latest Annual Mortgage Statements

For Court Ordered Maintenance payments – a copy of the court order

For Child/Working Tax Credits/Child benefit – Annual letters from HMRC confirming your payments for the following year and corresponding bank statements for the past 3 months showing the payments received

Latest Credit Report

Please sign and return the IDD explaining our costs and services we provide along with the data protection statement attached

 

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Why choose us?

 

Mike Oliver Associates an independent advisory firm authorised and regulated by the Financial Conduct Authority.

We are a multi-award winning company, recently winning an award at the Burgess Hill Business Parks Association and were awarded Sesame ‘Firm of the Year 2012’ and Mike Oliver, was Runner-Up for ‘Independent Financial Adviser of the Year 2012’.  The citation says MOA showed a commitment to the profession, excellent client service, high compliance standards, and effective use of technology.

Dulcie Brookfield currently heads up Business Development and Operations and was a finalist ‘High Achiever’ at the Venus Awards 2013 in recognition of her part in the company’s success in forging innovative relationship strategies and service delivery to enhance the company’s private and commercial business.

We are a progressive leading firm of long established national company of Independent Financial Advisers offering a comprehensive range of financial services to private clients and commercial organisations.

Our in house team of experts specialise in a range of financial products and we offer a huge choice.  For example, we have access to over 5,000 mortgage schemes. This means we will find the most suitable product to meet your needs, whether they are immediate, medium or long term.

Call or email to tell us your needs or arrange to come and visit us. There is no charge for this initial exploratory consultation.  Next we will analyse and consider your position and then:
•    Research the market as a whole
•    Recommend the best products and providers

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

For mortgages we charge a fee of at least £600.  We will also be paid a procuration fee from the mortgage provider if one is available

Speak in confidence to us on 0845 4021757 or tell us your requirements here and we will get straight back to you.

Commercial & Development Finance

 

Commercial & Development FinanceWe want to help you grow a healthy business.

We can help you determine how much investment you need to enable your company to grow: depending on the sum, one or other option may be better suited to your needs.  Every business is different, and even if the figures add up, you may find yourself shying away from particular forms of finance. The best way to get advice specific for your venture is to consult with a professional.

UK based platforms have seen an explosive growth in crowdfunding companies offering different criteria for lending, so knowing which one to choose can be a little bewildering. Whichever route you choose, be that equity, (where you give shares in the company in return for upfront investment), rewards or a loan from ‘the crowd’ otherwise known as peer to peer lending, you’ll need to know who’s who in the UK crowdfunding scene and that’s where we can help.

We also provide expert advice on new or exisiting owner-occupier funding for commercial freehold property or long leasehold.  Loans to individuals, partnerships, limited companies and LLP’s.

Refinance an existing commercial mortgage to reduce interest charges. Many long standing facilities are being charged at much higher rates than would now apply.

Borrowing can be arranged for any purpose giving the business maximum flexibility.

We have linked up with innovative start up social enterprise companies who support small to medium size business reach their full growth potential. With the collective experience of 65 years we have the knowledge and expertise needed to help drive your company forward.  Not only can they research grants and funding for your business, but are also experts at application process and bid writing.

For commercial mortgages we act as introducers.

Your property may be respossessed if you do not keep up repayments on your mortgage.

Speak in confidence to us on 0845 4021757 or tell us your requirements on the Contact Us page and we will get straight back to you.

Protection For You And Your Company

 

ProtectionProtection For you

Life may seem nice and secure at the moment but who knows what could be waiting around the corner?  You may have:

  • Dependants
  • A mortgage or other debts
  • Potential inheritance tax issues
  • A business – Partnership & Shareholder Protection
  • Key members of staff that you wish to protect

We are experts at analysing your protection needs, giving appropriate advice and helping you to make the right choice for your budget. Speak in confidence to us on 0845 4021757 or tell us your requirements on the Contact Us page and we will get straight back to you.

  • 96% of the population do not have adequate income protection cover.
  • Concerned about being made redundant?
  • How you will pay your mortgage if unable to work due to accident or illness?
  • Critical illness cover?

For accident sickness and unemployment insurance we offer products from a selected panel of providers.

Your home or property may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.

If you think you could be paying too much for your existing cover or would like to customise it, we offer a FREE no obligation comparison quote on all your existing policies.

Life Cover – pays a cash lump sum to your family or someone else you have nominated, if you die while you’re covered.  A policy can also pay a cash lump sum if you are diagnosed with a terminal illness.

Serious Illness Cover – pays you a cash lump sum if you are diagnosed with a condition covered. The amount you are paid is based on the severity of your condition.  If you claim for a condition that is less severe many policies will pay out part of your cover amount, and the insurer can continue to cover you for the remaining amount.  This means that if your condition gets worse, or you are diagnosed with a  more severe condition, you can claim again.

Critical illness insurance or critical illness cover is an insurance product, where the insurer is contracted to typically make a lump sum cash payment if the policyholder is diagnosed with one of the critical illnesses listed in the insurance policy.

Income Protection Cover – pays you a monthly income if you become ill, injured or disabled and can’t work.  Primary and Comprehensive Income Protection Cover will pay you until you are well enough to go back to work, or until you reach the end of your plan.  Short Term Income Protection Cover can pay you a monthly income for up to 2 years.

Cover that will help pay off your mortgage – Decreasing insurance helps to protect your family financially if you have a repayment mortgage or loan.  As what you owe reduces over time, so does the amount of cover. This helps keep costs lower.

We’d like to help you protect your baby – some providers can give each new parent £10,000 free life insurance as a first step towards protecting your family. Terms and conditions, and exclusions apply, so please ask us.

Education Cover – if something happens to you, this gives your family payments each academic term.  It means your children won’t miss out on any part of  school life.

Disablility Cover – can protect you from the financial impact of a disability.  Policies can cover anything form temporary to severe disablilities that last the rest of your life.

Protection For Your Company

Our advisers can work with you to help you to future-proof your business. Have you asked yourself these questions lately…
  • Would there be a financial impact on the business if one or more of the directors/partners or key individuals were no longer around?
  • Would the business or its owners have the cash to survive?empty boardroom
  • How quickly would the business or owners need the cash?
  • Where would the business or business owners get the cash from if the worst happened?
  • Are there any liabilities (eg loans)?
  • Are there any personal loans from the directors/partners/members into the business?
  • Are any of these loans subject to personal guarantees?

Why leave it to chance?

Mike Oliver Associates authorised and regulated by the Financial Conduct Authority.