At Everlake we build strong, long-term relationships with a core group of clients.
We aspire to be the trusted wealth advisors to individuals, families, and bus...
Hoarding Money Isn't An Investment: Money On Deposit and the Effect on your Wealth
Most people consider having money in the bank as the most effective way to create wealth. Little do they know that the banks give very little return to its customers for a high amount of investment they can make at their expense.In this episode of Everlake, hosts John McNicholas and Marc Westlake explore the limited control individuals have over their bank deposits and the hidden costs associated with state savings. The conversation emphasizes the importance of financial education and transparency, highlighting the disparity between bank profit motives and depositor returns. They discuss the missed opportunities in the Irish financial sector due to misallocated savings, the cultural tendencies towards cash savings and property investment, and the need for professional financial advice. Through historical and contemporary contexts, the hosts advocate for a balanced approach to saving and spending, stressing the role of investments in personal and societal growth.---Thanks so much for listening to this episode of the Everlake podcast!If you'd like to work with us, head to https://www.everlake.ie/ and follow the instructions to book a consultation. If you enjoy this podcast, please share it with a friend or colleague and leave us a rating & review on your podcast app.LinkedIn || YouTube || X (Twitter)This podcast uses the following third-party services for analysis: OP3 - https://op3.dev/privacy
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How the Irish Finance Bill 2024 Impacts your Wealth Management
The Irish Finance Bill for this year (2024) has included a number of recommendations in the lead up to the election. In this episode, Marc Westlake delves into the key changes and implications of the Bill. He explores how the recent budget adjustments affect financial planning specifically in Ireland, highlighting significant updates such as the increase in the standard fund threshold and the nuanced impacts on pension contributions. He also discusses the implications for business owners and senior executives, changes to inheritance tax rules, and potential future adjustments in the taxation of investment funds and stock options. This episode provides crucial insights for navigating Ireland's updated financial landscape and emphasizes the importance of tailored financial advice.Topics Covered:Changes in the Standard Fund Threshold:Incremental increases from 2026 onwardsImplications on pension lump sum taxationPension Funding Strategies:Advice on continuing pension contributions near the standard fund thresholdDifferences between PRSA and occupational schemes for senior executives and business ownersInheritance Tax Adjustments:Increased parent-to-child allowanceUtilization of intra-family loans for tax efficiencyPotential Future Developments:Department of Finance's ongoing reviews on stock options taxation and investment funds taxationImplications for Financial Planning:Emphasis on the necessity of personalized, timely financial planningOverview of the challenges introduced by the Finance Bill 2024 for high-income clients---Thanks so much for listening to this episode of the Everlake podcast!If you'd like to work with us, head to https://www.everlake.ie/ and follow the instructions to book a consultation. If you enjoy this podcast, please share it with a friend or colleague and leave us a rating & review on your podcast app.LinkedIn || YouTube || X (Twitter)This podcast uses the following third-party services for analysis: OP3 - https://op3.dev/privacy
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Trust and Transparency (Introducing Everlake Episode 5)
Trust is a big issue in the financial sector. The fact is, if you don't trust your advisor, you won't act on the advice. Even worse, Ireland is perhaps the most difficult jurisdiction on the planet to invest your life savings! Listen in as John McNicolas and Marc Westlake discuss the issue of trust.---Thanks so much for listening to this episode of the Everlake podcast!If you'd like to work with us, head to https://www.everlake.ie/ and follow the instructions to book a consultation. If you enjoy this podcast, please share it with a friend or colleague and leave us a rating & review on your podcast app.LinkedIn || YouTube || X (Twitter)This podcast uses the following third-party services for analysis: OP3 - https://op3.dev/privacy
The most common question we get from clients is: should I leave my pension invested at retirement? Or should I consider an annuity? On this episode, Marc Westlake and John McNicolas address that question and discuss other financial planning essentials.---Thanks so much for listening to this episode of the Everlake podcast!If you'd like to work with us, head to https://www.everlake.ie/ and follow the instructions to book a consultation. If you enjoy this podcast, please share it with a friend or colleague and leave us a rating & review on your podcast app.LinkedIn || YouTube || X (Twitter)This podcast uses the following third-party services for analysis: OP3 - https://op3.dev/privacy
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Fear of Money (Introducing Everlake Episode 3)
If money was tight growing up, you probably have a script running in your brain that sabotages good financial decisions! On this episode Marc Westlake and John McNicolas explore some of those scripts, and how to upgrade your thinking about money, starting with tax.---Thanks so much for listening to this episode of the Everlake podcast!If you'd like to work with us, head to https://www.everlake.ie/ and follow the instructions to book a consultation. If you enjoy this podcast, please share it with a friend or colleague and leave us a rating & review on your podcast app.LinkedIn || YouTube || X (Twitter)This podcast uses the following third-party services for analysis: OP3 - https://op3.dev/privacy
About Everlake: Insightful Wealth Management Advice
At Everlake we build strong, long-term relationships with a core group of clients.
We aspire to be the trusted wealth advisors to individuals, families, and businesses, guiding them towards financial security and fulfilment of their ambitions. Operating in an ethical and sustainable manner, and putting the interest of our clients first, our objective is to develop the future of financial planning in Ireland, setting the benchmark for integrity, innovation, and expertise.
When you listen to this podcast, you get direct access to Marc Westlake and John McNicholas, the founders of Everlake. Their wealth management advice from decades of experience will help you find your comfortable, financial position and have your money support your life instead of the other way around.
If you'd like to work with us, head to https://everlake.ie/ and follow the instructions to book a consultation.
If you enjoy this podcast, please share it with a friend or colleague and leave us a rating & review on your podcast app.
This podcast uses the following third-party services for analysis:
OP3 - https://op3.dev/privacy
Ireland