Westside Article – October 2016

Hamnett Wealth Management is a local, independent financial advice company, based in Sheffield, which has been helping people since 1988.  Our business is small enough to care about each and every one of our valued clients, building trust and long-lasting relationships, yet large enough to provide specialist financial planning advice on pensions, investments, inheritance tax and estate planning needs.

At Hamnett Wealth Management you’re personally looked after by one of our four experienced, qualified and Independent Financial Advisers (IFAs) who will be dedicated to managing your individual requirements.  They are:

Jonathan Rowley has been advising clients for nearly 25 years and has been with Hamnett Wealth Management since 2002. Outside of work he enjoys walking his dog Toby, playing golf and watching Sheffield Wednesday – sometimes!

Phil Smith joined the company in 1996 and, in that time, has dealt with all different kinds of clients, many of whom he still looks after today.  Work aside, Phil likes spending time with his wife Jo and 4 kids, playing golf (usually badly) mountain biking, eating and drinking.

Louise Gower came to Hamnett Wealth Management in 2009 and is an accredited member of Resolution which specialises in pensions and divorce.  Louise enjoys running, badminton, playing golf in the sunshine and a good giggle.

Graham Walton started with the company in 2003 and focuses on green and ethical investments. When work’s done, Graham enjoys spending time with his family, cycling and bee keeping.

Our team of IFAs are backed up by professional support from our administration team who are all based in our Totley office.  These are:

Lisa Richards, Business Manager, has been at Hamnett Wealth Management since 1997, enjoys walking and spending time with her kids and has recently completed her first skydive!

Louise Myers joined the business in 2013 as an Administrator.  Louise enjoys going to the gym, walking the dogs and spending time with friends.

Jayne Briggs-Willis, Administrator, enjoys the atmosphere in the office when everyone’s in and the coffee is brewing.  At home, Jayne’s a big foodie who loves cooking as well as reading books of all different genres.

Alex Brown is also an Administrator and enjoys Graham’s legendary hot chocolate in the office!  In her spare time, Alex likes shopping, spending time with her family and holidays.

Everyone who contacts us has their own financial objectives. Everyone at Hamnett Wealth Management are empathetic to your needs and treat your situation with respect and sensitivity.

Some areas we deal with can be financially complex but we all speak in plain English and explain everything comprehensively.  We encourage you to ask as many questions as you need until you’re comfortable and able to make an informed decision as to how you wish to progress.

If you feel you could benefit from talking to us, please call the team on: 0114 235 3500 or email us at: advice@hamnettwealth.com for a free initial review meeting without obligation.  Alternatively, call in and meet us at 160 Baslow Road, Totley, Sheffield S17 4DR.

Westside Article – August 2016

So the UK has voted to leave the EU and we are already seeing the repercussions across the political and fiscal systems. As trusted Independent Financial Advisors, we’ve been taking calls from clients concerned with what this all means for them and their financial future.

Hamnett Wealth Management is a local, independent financial advice company who’ve been helping people since 1988.  We are small enough to care about each and every one of our valued clients, building trust and long-lasting relationships, yet we are large enough to provide specialist financial planning advice on your pensions, investments, inheritance tax and estate planning needs.

Our advice with regards to Brexit is not to panic. Whilst the media may be whipping everyone into a frenzy, don’t be tempted to make any rash decisions. We predict the markets will recover somewhat in the longer-term and eventually stabilise.  However, for the financial landscape to change the way it has and for you not respond, would be a missed opportunity. We recommend you seek advice from a professional Independent Financial Adviser to review your investments and ensure that your current financial plan is still working for you now and will continue to do so in the future.

Jonathan Rowley, Director of Hamnett Wealth Management, said: “Over the coming weeks and months, Britain’s future will become clearer and we will keep up-to-date with any changes to legislation and policies so we can provide the best possible advice to our clients.  There is a lot of speculation at the moment about what could happen but we pride ourselves on dealing with the facts and explaining everything to our clients in plain English.”

If you feel you could benefit from talking to an Independent Financial Adviser, please contact Hamnett Wealth Management on 0114 235 3500 for a free initial review meeting.

Westside Article – June 2016

Going through a separation or divorce is a difficult and daunting time. You will have a lot on your mind about what the future holds and where you go from here and may feel totally overwhelmed by everything you have to consider.

One vitally important thing to think about is how the breakdown of your relationship affects you in terms of your assets, estate and, most importantly, any children that you may have.  There will be areas that need dealing with immediately to maintain stability such as bills and mortgage payments.  However, once these are taken care of, it is time to look to your longer-term financial future and seek advice from a professional Independent Financial Adviser.

Hamnett Wealth Management specialises in advising clients going through divorce and separation.  We can discuss the best way to split assets for separating couples and consider the tax and legal consequences.  We are an accredited member of Resolution, an organisation of 6,500 family lawyers and other professionals in England and Wales, who believe in a constructive, non-confrontational approach to family law matters.

Hamnett Wealth Management is a local, independent financial advice company who’ve been helping people since 1988.  We are small enough to care about each and every one of our valued clients, building trust and long-lasting relationships, yet we are large enough to provide specialist financial planning advice on your pensions, investments, inheritance tax and estate planning needs.

Jonathan Rowley, Director of Hamnett Wealth Management, said: “No separation or divorce is the same, each individual has their own specific requirements, aims and financial objectives. We are empathetic to your needs and treat your situation with respect and sensitivity.  Divorce and separation can be financially complex but we speak in plain English and explain everything comprehensively.   We encourage you to ask as many questions as you need to until you are comfortable and feel able to make an informed decision as to how you wish to progress.”

If you feel you could benefit from talking to an Independent Financial Adviser, please contact Hamnett Wealth Management on 0114 235 3500 for a free initial review meeting.

Westside Article – May 2016

Hamnett Wealth Management have been providing clients with independent financial advice on their pensions and savings since 1988.

They are small enough to care about each and every one of their valued clients, but big enough to provide and deliver specialist financial planning advice on your pensions, investments, inheritance tax and estate planning needs.

They understand clients are individuals and have their own specific requirements, aims and financial objectives and often get to know many on a personal basis.

If you are looking for a firm that cares about you and can help you build and protect a financially secure future, then call 0114 235 3500 and pop in for a cup of tea and a chat.

Westside Article – April 2016

Pensions, Pensions, Pensions – Read all about it! 

“No matter where you look, if you turn on the telly, pick up a paper, listen to the radio, it seems everyone is talking about pensions! What has suddenly made boring old pensions a hot topic?” asks Phil Smith, Director of Hamnett Wealth Management.

The answer is that pensions have been on George Osbourne’s hit list for a while now. Last year he announced a once in a generation overhaul of pensions.  This significant change allows people much greater flexibility in how they draw money from their pension pot. More recently he has been looking at tinkering with the tax benefits of pensions, whilst also looking to extend the age we can access our state pension to 70 and beyond.

It’s a complex area. Pension legislation loves its special titles. There is the annual allowance, lifetime allowance, tapered annual allowance, safeguarded benefits, pension commencement lump sum, pension input periods, annuities, flexi access drawdown, capped drawdown etc. – the list goes on and on. For those of you who are trying to make the most of the valuable tax benefits available when using pensions, or if you are approaching the time that you may want to access some of your pension pot, it’s a bit of a minefield. Expensive mistakes can be easily made if the wrong decisions are made.

If you are struggling to understand your pension and your options, don’t worry, specialist advice is on hand at Hamnett Wealth Management. We offer truly independent and qualified pensions advice to our clients. You have peace of mind knowing that our advice is fully regulated by the Financial Conduct Authority. Put simply, we know what we are talking about.

If you would like to discuss your pension planning, or review your pensions please call us on 0114 235 3500. We offer an initial assessment at no cost and without obligation as you need to know if, and how, we can help you before moving forward. Come and have a chat over a cup of tea and we can help you on the way to a better financial future.

Westside Article – February 2016

Stockmarket volatility, your money, 2016 and beyond.

2015 certainly saw volatility in the global equity markets. With falling commodity prices we have seen falls in the price of oil and utilities in the UK. Where is the best place to be invested now? Is now a good time to buy into the markets and where is it best to invest?

How have recent events affected your investments? Well this depends on where your money is invested. Many investors have seen the value of their investments and pensions plummet in the last 12 months. Had you merely invested in a FTSE 100 tracker fund then you could have seen a fall in value of some 17.7% from the peak.

How would this make you feel? There is no right or wrong way of investing, it basically boils down to what you are trying to achieve. We all have short, medium and long term objectives and where to invest is closely linked to how long you can invest for.

In the short term bank deposits offer security but little interest. Different asset classes perform differently to worldwide events. In our opinion most investors would be best served by minimising the usual risks of investing fully in equities. Spreading your money across different asset classes reduces the volatility and protects value.

Markets may be volatile in the short term but, over the longer term, they are more prone to rise than to fall. Short term fluctuations can be bearable and, as longer term investors, we sometimes have to put up with short term volatility in order to achieve our objectives.

If you would like to discuss how we can protect your money from market risk whilst still delivering above average returns, call Jonathan Rowley, Director at Hamnett Wealth Management, on 0114 235 3500.

The success of our business is closely aligned to your success. As Independent Financial Advisers we can help you make the most of your money. And don’t forget that the 5th April is fast approaching so make sure you have used your full ISA and Pension allowances.

Westside Article – December 2015

Fossil Fuel Divestment

“The economic climate has suited ethical funds over the last year, carefully researched and low investment in China due to human rights issues, low exposure to commodities especially mining stocks, and very little exposure to fossil fuel investment have led to ethical funds performing well” says Graham Walton, Ethical Investment Specialist and member of the Ethical Investment Association.

One recent theme that has captured global attention has been the fossil fuel divestment campaign. Universities, companies, councils and charities have all been under pressure to move pension investments away from these carbon intensive industries.

The issues – a consensus of scientific opinion agrees that the world is warming and this is largely due to human activity, with global planetary temperatures greater than they have been for 11,000 years. The IPCC (Intergovernmental Panel on Climate Change) has identified a Carbon Budget, above which it would be difficult to avoid the worst effects of climate change. This has been defined as remaining within 2 degrees of preindustrial temperatures. By 2011 scientists estimate that the world had already burnt 65% of this allowable budget.

Here at Hamnett Wealth Management we have portfolios of ethical funds to suit different levels of risk. These portfolios mix ten different ethical funds. Four of the funds are fossil fuel free – Jupiter Ecology, WHEB Sustainability, Quilter Cheviot Climate Asset Fund, and Pictet Environmental Megatrends. The other six have no exposure to oil, coal, and non-conventional gas (fracking). They do however have some exposure to conventional natural gas. I would be more than happy to share these funds and mixes of funds with you, just call me on 0114 235 3500. These portfolios can be used for ISA’s, pensions, bonds, trusts etc. Which one is best for you depends on your situation.

I would be happy to speak with anyone who is considering ethical investments. I can highlight the differences between the more mainstream investment funds, and ethical or sustainable practices. Fossil Fuel Divestment is one theme, others include water scarcity, clean energy production, storage of energy, aging and growing populations, sustainable living, green transport, waste management.

Westside Article – October 2015

“If you are approaching retirement it is very important that you seek advice from a Professional Independent Financial Adviser” says Phil Smith, Director at Hamnett Wealth Management.

For people approaching retirement or supplementing their pension income from savings, times are tough. Interest rates have been at a record low for over 6 years. The amount of income available at retirement through traditional annuities for people who have diligently saved into private pensions is lower now than ever. Those people who have worked hard and done the right thing by building a nest egg are justified in feeling more than just a little hard done by at the moment.

However, help is at hand. At Hamnett Wealth Management our job is to help you get your money working for you. If you’re not happy with the interest you are getting on your savings we can see if you are getting the best rate available, don’t let your money add to the banks’ profits, let’s help it profit you. If you are not satisfied with the returns on your investments, take advantage of our investment review service, we will make sure your money is invested for your benefit and not for the benefit of poorly performing fund managers and insurance companies.

If you have a personal pension it is crucial you get Independent Financial Advice as things have changed dramatically. We will ensure you fully understand all your retirement options (and they are numerous), you don’t have to take the first offer from your existing pension provider, there is nearly always better value from the open market when considering annuities, and the new flexible pension income options need to be fully considered as well. You often only get once chance to get things right when retiring so take advantage of our qualified and professional advice to make sure the extra pounds are going in your pocket and not insurance company coffers.

At Hamnett Wealth Management we offer a free initial consultation.  Come and have a coffee and a chat and we will assess your individual needs and explain how we could help.  Call us on 0114 235 3500 to arrange a convenient time.