Richstone Park Financial Planning

Emotions vs. Logic… Discover why emotional decision-making could be hindering your portfolio's growth and putting your goals at risk. Don't let fear or excitement lead you astray!

Financial advisers reveal that emotional decisions cost investors a staggering 2% in missed returns each year. Are you influenced by sensational headlines or playing it too safe? It's time to take control.

Dive into this eye-opening article to learn how to:

1️. Tune out news noise and focus on your long-term plan
2️. Find the right investment risk balance for your goals

Working with a financial planner could be your key to overcoming emotional pitfalls and maximising your investment potential. Don't let emotions dictate your financial future.

richstonepark.co.uk
[email protected]
01455 363800

*Investments carry risk.

Source: FT Adviser - https://www.ftadviser.com/investments/2023/05/30/emotion-driven-decisions-costing-investors/

Partnering for a Strong Financial Future!

Don't leave your retirement to chance! Richstone Park Financial Planning is here to be your perfect partner in securing a comfortable future. Our team of experts will work with you to create a personalised pension plan that aligns with your goals and aspirations. Start building your dream retirement today!

http://richstonepark.co.uk
[email protected]
01455 363800

*Investments carry risk. A pension is not accessible until 55 (57 from April 2028)

What makes an Olympian?

Natural talent or the hours put into training might be the first things that come to mind. However, their approach and mindset play an important role in their achievements too.

Continue reading: https://www.richstonepark.co.uk/news/guide-how-an-olympic-mindset-could-help-you-manage-your-finances-effectively

http://richstonepark.co.uk
[email protected]
01455 363800

*Investments carry risk.

Interest rates, taxes and limits all get confusing. Knowing what is the right option without locking your money up can be difficult. That's why our financial advisers are on hand to explain the whole process to you and help you achieve your financial goals.

richstonepark.co.uk
[email protected]
01455 363800

*Investments carry risk. As with all insurance policies, conditions and exclusions will apply. Protection plans typically have no cash in value.

“I have been a client of Richstone Park for over 5 years and have had fantastic service from Darren and his team. Darren has looked after my personal pensions and investments and also the statutory pension scheme for my employees. I have had the pleasure of recommending Darren to my Family, friends and business acquaintances and I always get great feedback following the recommendation. Darren is a very knowledgeable and trustworthy chap - and a very nice guy too.”

http://richstonepark.co.uk
[email protected]
01455 363800

*Investments carry risk.

Critical Illness cover will provide you with a tax-free lump sum if you’re diagnosed with a life-changing conditions such as serious cancers or multiple sclerosis. It is designed to allow you to focus on your recovery, safe in the knowledge that you have the financial support that can help you pay your rent or mortgage, and bills. Talk to one of our advisers today.

http://richstonepark.co.uk
[email protected]
01455 363800

*Investments carry risk. As with all insurance policies, conditions and exclusions will apply. Protection plans typically have no cash in value.

Many may wonder “why does my money go up and down in value”?

Answer: Unlike a savings account that holds cash and pays a regular interest rate, the money you contribute into an investment is invested in the stock market and other asset classes. In some years you might see your pension and investments performing well and you’ll see a pleasant increase in value. At other times, the amount may take a fall. These fluctuations are completely normal and as with all investing, there are many factors – like company announcements, political and economic issues – that can have an impact on the value of your pension and investments.

Find out more: https://www.richstonepark.co.uk/faq

http://richstonepark.co.uk
[email protected]
01455 363800

*Investments carry risk.

The ISA allowance for the 2024/25 tax year is £20,000, with flexibility in the use of cash and investments within the overall annual limit.

A well-diversified portfolio creates the correct strategy for income or capital growth. Across regular reviews, the blend can be adjusted to reflect changing needs and markets.

http://richstonepark.co.uk
[email protected]
01455 363800

*Investments carry risk.

When it comes to protecting your family, trust in the expertise of Richstone Parks' advisers. We recognise that insurance forms an integral part of a comprehensive financial plan. Our advisers can guide you through the various options available, helping you select the right protection solutions tailored to your unique circumstances.

Prioritise your loved ones' well being and secure their future with our dedicated support.

http://richstonepark.co.uk
[email protected]
01455 363800

*Investments carry risk. Protection plans typically have no cash in value at any time and cover will cease at the end of the term.

70 years ago, the BBC broadcast its first daily television news programme. Since then, round-the-clock news has become available, and you can get the latest headlines with a few taps on your smartphone. While being connected can be positive, for investors, it can make periods of volatility and choosing an investment even more difficult.

Read more now: https://www.richstonepark.co.uk/news/what-70-years-of-bbc-news-bulletins-could-teach-you-about-investment-markets

http://richstonepark.co.uk
[email protected]
01455 363800

*Investments carry risk.

Figures from the Association of British Insurers (ABI) suggest a record number of families are taking out income protection to create a safety net. Read on to find out how income protection works and whether it could be valuable for you.

Continue reading… https://www.richstonepark.co.uk/news/uncertainty-drives-record-numbers-to-take-out-income-protection-heres-what-you-need-to-know

http://richstonepark.co.uk
[email protected]
01455 363800

*Investments carry risk. As with all insurance policies, conditions and exclusions will apply. Protection plans typically have no cash in value.

Following the crowd might give you a sense of security in some circumstances. Yet, when you’re investing, there might not be as much safety in numbers as you expect, and it could lead to you making decisions that don’t align with your goals or risk profile.

Continue reading: richstonepark.co.uk/news/why-safety-in-numbers-might-not-apply-to-investing

http://richstonepark.co.uk
[email protected]
01455 363800

*Investments carry risk.

A “good” investment isn’t right for everyone. A friend may tell you about an excellent investment opportunity that sounds tempting. However, if they are investing for retirement in 20 years and you’re investing for a goal that is just five years away, your approach to assessing if an opportunity is “good” could be very different. For example, with a longer time frame, your friend’s risk appetite may be much higher than yours.

Rather than following the crowd, reviewing investments with your strategy in mind could help you select investments that align with your aspirations.

Contact us to talk about your investment strategy.

http://richstonepark.co.uk
[email protected]
01455 363800

*Investments carry risk.

Retirement might be a chapter of your life you’ve been looking forward to for years. Perhaps you’ve been daydreaming about how you’ll make use of the extra time, or you’ve already planned an adventure to kickstart your life after work.

Yet, for many people, retirement can be a difficult adjustment.

While work often means less freedom, it might provide you with a sense of purpose and a structure to your days and weeks. Suddenly stepping away from a routine you may have followed for decades can be jarring. So, if you feel adrift when you retire, you’re not alone.

Find out more within our latest blog: https://www.richstonepark.co.uk/news/guide-how-to-find-purpose-and-get-the-most-out-of-your-retirement

http://richstonepark.co.uk
[email protected]
01455 363800

*Investments carry risk.

While the rate of inflation is nearing the Bank of England’s target, you might still want to review your finances. High inflation over the last two years may have affected your outgoings and long-term goals, so a review could help you stay on track.

If you have any questions about how inflation may have affected your plan or what steps you can take to limit the effects of inflation in the future, please contact us.

http://richstonepark.co.uk
[email protected]
01455 363800

*Investments carry risk.

We are pleased to welcome our newest Richstone Park team member, Lauren Tinker. Lauren is a Newark based Independent Financial Adviser with a wealth of experience helping clients across the Midlands.

Find out more about Lauren and other Richstone Park team members here: https://www.richstonepark.co.uk/about-us

http://richstonepark.co.uk
[email protected]
01455 363800

*Investments carry risk.

Interest rates, taxes and limits all get confusing. Knowing what is the right option without locking your money up can be difficult. That’s why our financial advisers are on hand to explain the whole process to you and help you achieve your financial goals.

http://richstonepark.co.uk
[email protected]
01455 363800

*Investments carry risk.

When you choose Richstone Park, you're not just getting an adviser; you're gaining a true partner on your financial journey. We are committed to adding value to your life by bridging the gap between where you are now and where you want to be.

Our dedicated advisers are passionate about helping you achieve your goals. By understanding your unique aspirations, providing personalised guidance, and offering strategic insights, we'll empower you to make informed decisions and take control of your financial future.

Let's build a strong partnership that leads to lasting success.

http://richstonepark.co.uk
[email protected]
01455 363800

*Investments carry risk.

Time is money, and a financial planner can help you save both. Our expert advisers can help you identify areas where you’re wasting money and help you develop a plan to use your money more efficiently.

http://richstonepark.co.uk
[email protected]
01455 363800

*Investments carry risk.

Partnering for a Strong Financial Future!

Don't leave your retirement to chance! Richstone Park Financial Planning is here to be your perfect partner in securing a comfortable future. Our team of experts will work with you to create a personalised pension plan that aligns with your goals and aspirations. Start building your dream retirement today!

richstonepark.co.uk
[email protected]
01455 363800

*Investments carry risk. A pension is not accessible until 55 (57 from April 2028)

If saving for your first home is one of your long term financial goals, then identify what your must-haves and like-to-haves are.

For example, is location more important than the size of your home? Do your research into what and where you can afford to buy, what deposit you will need and how you will save for it.

Opening a Lifetime ISA could be a great start, although it needs to be open for at least one year before you buy and you need to be aged between 18 to 39. This can only be used for the purchase of your first home or retirement. Accessed otherwise will incur penalties.

Also, check your credit rating and give yourself a year to improve it. This will make you more enticing to any bank or building society when they come to consider both whether to accept your application and what rate to offer.

Talk to our financial planners today about how we can help you best manage your funds.

http://richstonepark.co.uk
[email protected]
01455 363800

*Your home maybe repossessed if you do not keep up repayments on your mortgage.

Discover the World of Investments with Richstone Park!

Investing opens up a world of opportunities to achieve your financial goals. Whether you're looking to grow your wealth, generate income, or preserve your assets, there's an investment type for you. Let our experts assess your needs, goals, and risk tolerance to provide personal and practical advice for tax-efficient investments.

richstonepark.co.uk
[email protected]
01455 363800

*Investments carry risk.

“Darren is extremely professional and helpful. He really does look after your needs after taking the time to understand your individual requirements.

I would be very happy to recommend Darren to my friends and family. Darren really does look to build long term relationships with clients.”

http://richstonepark.co.uk
[email protected]
01455 363800

*Investments carry risk.

Family Financial Security Matters!

Richstone Park understands the importance of protecting what matters most - your family's future! With our personalised advice, we'll help you create a solid financial plan that ensures your loved ones are taken care of, no matter what life throws your way.

richstonepark.co.uk
[email protected]
01455 363800

*Investments carry risk. As with all insurance policies, conditions and exclusions will apply. Protection plans typically have no cash in value.

Unlock the world of investing and boost your financial confidence! Are you baffled by financial jargon? Unsure where to begin with investing? You're not alone - 38 % of Brits feel the same. But here's the truth: not understanding could be holding you back from wealth-building opportunities.

Imagine missing out on increasing your wealth due to fear or confusion. It's time to take control! Discover the keys to understanding investing terms, overcoming jargon, and making informed financial decisions.

Learn how inflation impacts your spending power, grasp essential investing terms like asset class and dividends, and explore the path to growing your wealth over the long term.

Don't let confusion stop you from achieving your financial goals. Connect with a financial planner who can guide you through the maze of investing and empower you to make smart choices.

http://richstonepark.co.uk
[email protected]
01455 363800

*Investments carry risk. Source: Lloyds Banking Group.

More than 1 million investors will be hit with a Dividend Tax bill for the first time in the 2024/25 tax year, according to an AJ Bell report. Read on to find out if you could be affected and discover some of the steps you could take to mitigate a tax charge.

A dividend is a way of distributing a company’s earnings to shareholders. Usually, dividends are issued quarterly, but some businesses may pay dividends monthly or annually. So, if your money is invested in a dividend-paying company or fund, you could receive regular cash payments from them.

Continue reading: https://www.richstonepark.co.uk/news/more-than-1-million-investors-are-expected-to-pay-dividend-tax-for-the-first-time-in-2024-25

http://richstonepark.co.uk
[email protected]
01455 363800

Source: AJ Bell Report *Investments carry risk..

How do you grow your wealth when you’re investing? Choosing the “right” investments is just one of the ingredients needed for success. Indeed, your mindset and behaviours could have a much larger effect on the outcomes of your investments than you might think.

Your approach to investing could influence the decisions you make when you start building your portfolio, such as how much risk you take. It could also play a role in how you respond to market movements, which may have a knock-on effect on the long-term returns of your portfolio.

Continue reading: https://www.richstonepark.co.uk/news/guide-7-valuable-behaviours-for-successful-investing

http://richstonepark.co.uk
[email protected]
01455 363800

*Investments carry risk.

A recent survey reported by Professional Adviser revealed that 2 in 5 wealthy individuals have been the victim of financial crime.

Of the 2,000 people with assets worth more than £250,000 who were surveyed, 41% of them reported they had been scammed, with more than a third saying they had fallen victim in the last six months. 20% of the victims lost money through investment scams, while 15% were defrauded by pension scams.

Pension and investment fraud are two common methods of scamming affluent people. Read on to find out how these scams work, some red flags to watch out for, and what you can do if you find yourself the victim of financial fraud.

Continue reading: https://www.richstonepark.co.uk/news/a-worrying-2-in-5-wealthy-individuals-have-fallen-victim-to-a-financial-scam

http://richstonepark.co.uk
[email protected]
01455 363800

*Investments carry risk. Source: Professional Adviser