FAQs

Financial Planner will provide you with a financial secure account in which you can store all your financial information while providing you with access to the following:

A "One View" of your financial position

Savings & Debt calculators

Comparative Insurance Quotation & Application System

Bill Reminders

Financial Goal Setting Planner

Financial Coaching & Education on Financial Matters for individuals and for all the family

Independent Qualified Financial Advisors

Product & Service Information

Tips & Advice, Best Buys & Special Offers section

Opportunity to avail of a full financial review with a Qualified Independent Financial AdvisorDescription text goes here

Fee based financial planning is a impartial advisory service which operates on the basis of expert independent advice based on the provision of financial advice without the need to promote financial products. In other words a financial advisor is able to access your current financial situation and make the most appropriate financial solution that suits your individual needs, as they are being paid to do so.

With financial planner it offers this service on a low cost basis by the means of a DIY online financial planning service to a more sophisticated financial plan created with the assistance of an advisor.escription text goes here

Financial Planner is a secure online interactive system whereby you enter your financial data by completing a fact find which is then populated into your very own account.

Once the account is setup a One View of your financial information is provided with an automated financial planning report which provides you with information and tips and advice on how best to start your financial goal setting plan. We provide you with access to online insurance services, debt and savings services which you can use to calculate costs, returns etc. The service will provide financial coaching and education to allow you develop good financial habits and grow your money.

In the event that you require advice we have a panel of Qualified Financial Advisors on hand.Description text goes here

EXAMPLE 1:

Recently we had a client who had a number of funds on different deposits totalling €120,000, her average rate of return on these deposits was approximately 1.5% per annum therefore providing a gross return of €1800 per annum.

Financial Planner Recommended Solution

Having reviewed her different deposits we recommended that she place 50% or €60,000 of her funds into a special interest deposit account offering a return of 4% per annum as she requested to have access to these funds on demand, this would provide her with a gross return of €2400 per annum. Furthermore we placed her other 50% or €60,000 on a 2 year interest first account offer an annual return of 4.22% which provided her with an annual gross return of €2532 or €5064 over the 2 year period.

In total we increased her gross return per annum by €3132.00 which equates to an additional 57.47% increase in interest earned per annum.

EXAMPLE 2:

A young couple in the mid thirties registered for our Money Planner personal services package they had a mortgage of €250,000 over 30 years costing €1065 per month on a tracker rate of 3.09%. They had short term debt of €20,000 made up of €10,000 credit union loan costing €200.38 per month over 5 years at a standard rate of 7.5%, €6,000 credit card costing €300 per month at a rate of 16.8% Annual Percentage Rate (APR), Personal loan €4,000 (2 years remaining initially over 5 years) at 11% Annual Percentage Rate (APR), monthly cost €214.85.

Total monthly short term debt costs €715.23 plus mortgage debt of €1065 per month equals €1780.23 debt repayments per month or 44.5% of their total income.

The recommended Debt to Income ratio is 33% it is considered financially dangerous to go above this figure.

This couple also had short term savings in a low yielding deposit account.

Financial Planner Recommended Solution

The average interest rate that this couple were paying on their short term debt was 11.67% per annum which was ridiculously high. A solution was put forward by financial planner to pay off short term debt using the savings in their low yield deposit account which was earning an average deposit rate of 1% per annum. By doing this they had an immediate savings on interest charges of €2134 per annum plus reduced their monthly outgoings by €715.23 per month which reduced their debt to income ratio to 26.62%.

They reinvested €300 per month to create a long term savings plan which would target an annual return of 6%, which would provide a lump sum of approximately €48,000 after tax in 10 years time or €131,000 approx after tax in 20 years time.

WARNING – Investment quote is based on 6% per annum return and compounded over term. The value of investments rise and fall, while you may not get back the sums you invested into a savings plan.

Warning: These figures are estimates only. They are not a reliable guide to the future performance of this investmentItem description

Yes, Financial Planner is 100% Irish owned and all information contained in this site is specifically tailored for the Irish financial Services Market. Financial Planner was developed by Brendan Kelly and other financial industry experts. Brendan has over 20 years experience working in the financial sector and in the past 10 years has been running his own financial advisory firm in Celbridge, Co.Kildare.