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...
Understanding risk in your finances is hard enough, but to know if you're making the right move while taking a risk is difficult without the right advice.In this episode of the Everlake podcast, hosts John McNicholas and Marc Westlake discuss the complexities of understanding and managing risk in financial planning. They cover various types of risks investors face, including the risk of losing capital permanently, longevity risk, and the risk of inflation. They also highlight the importance of differentiating between perceived risks such as market volatility and more significant risks like outliving one's resources. Practical advice is given on assessing personal risk, considering timelines, and the potential benefits of a hybrid approach to retirement planning, such as combining investments with guaranteed income products.Main Topics:Definition and Understanding of Risk in Financial PlanningHistorical Perspective on RiskPersonalized Risk AssessmentRetirement Planning and RiskAnnuities and Risk Management StrategiesThanks 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 is intended for information and educational purposes only and does not represent a specific recommendation or advice for an individual to follow. Speak to your financial adviser, in the context of your own personal circumstances, prior to making any financial or investment decisions.This podcast uses the following third-party services for analysis: OP3 - https://op3.dev/privacy
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30:13
Why You Need the Experts for your Investments with Phil Wellington & PortfolioMetrix
There's a reason why investment portfolios are sometimes delegated to the experts: you need someone with experience of both Asset Allocation and fund selection decisions.In this episode, John McNicholas is joined by Phil Wellington, a Chartered Financial Analyst, Director and Investment Analyst at PortfolioMetrix. Phil has maybe an unconventional journey to his current role in investment management. Partnering with Portfoliometrix allows Everlake to define and customise portfolio construction and implementation in a consistent and repeatable manner specific to the particular needs, such as optimised for Irish tax, or values, such as sustainable investing, of a particular client. Main Topics:Introduction and Background of Phil WellingtonDay-to-Day Responsibilities of a Portfolio ManagerConcept of Asset AllocationDiversification in Investment PortfoliosInvestment Strategies and Risk ManagementTo find out more about PortfolioMetrix and Phil Wellington, head to https://www.portfoliometrix.com/.PortfolioMetrix is independent of Everlake and the views and opinions expressed by PortfolioMetrix are not necessarily the views and opinions of Everlake.---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 is intended for information and educational purposes only and does not represent a specific recommendation or advice for an individual to follow. Speak to your financial adviser, in the context of your own personal circumstances, prior to making any financial or investment decisions.This podcast uses the following third-party services for analysis: OP3 - https://op3.dev/privacy
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54:35
Our Review of 2024 & Your Wealth Management Advice for 2025
Marc Westlake and John McNicholas review key financial events and legislative changes in Ireland from 2024 to help guide informed financial decisions for 2025. They emphasize the unpredictability of markets, the importance of understanding financial news, and strategies for diversified, low-risk investments. The episode is also your exclusive consultation for 2025 and covers significant legislative updates in Ireland, including changes in tax and pension rules, and underscores the importance of regular financial reviews, financial apps, and maintaining a rainy day fund. They also discuss how to manage high returns and the need for a forward-looking approach to financial planning.Main Topics:2024 Financial Performance: Discussion of market outcomes, highlighting the strong performance of a typical 60/40 portfolio and fixed income investments.Legislative Changes in Ireland: Overview of increased inheritance tax thresholds, updated pension rules, and changes to the standard fund threshold.Investment Strategy: Diversification, low-risk options, and the importance of managing long-term vs. short-term expectations.Financial Reviews and Planning: Emphasizing regular assessments to account for legislative changes and shifts in personal circumstances.Financial Tools and Apps: Use of apps like An Post Money to track expenses and aid in achieving financial goals, while being mindful of data privacy concerns.---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 is intended for information and educational purposes only and does not represent a specific recommendation or advice for an individual to follow. Speak to your financial adviser, in the context of your own personal circumstances, prior to making any financial or investment decisions.This podcast uses the following third-party services for analysis: OP3 - https://op3.dev/privacy
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44:26
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 is intended for information and educational purposes only and does not represent a specific recommendation or advice for an individual to follow. Speak to your financial adviser, in the context of your own personal circumstances, prior to making any financial or investment decisions.This podcast uses the following third-party services for analysis: OP3 - https://op3.dev/privacy
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51:06
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 is intended for information and educational purposes only and does not represent a specific recommendation or advice for an individual to follow. Speak to your financial adviser, in the context of your own personal circumstances, prior to making any financial or investment decisions.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.
DISCLAIMER: This podcast is intended for information and educational purposes only and does not represent a specific recommendation or advice for an individual to follow. Speak to your financial adviser, in the context of your own personal circumstances, prior to making any financial or investment decisions.
This podcast uses the following third-party services for analysis:
OP3 - https://op3.dev/privacy
Ireland