Award Winning Financial Advisors in Cork
- You do not need to be a financial whizkid or have a lot of money to make your finances work for you.
- However most Irish people are still leaving money in their bank accounts where they are actually losing money over time as inflation beats the negligible interest they get from general savings accounts or they rarely examine and adjust their pension plan.
- A survey from Brokers Ireland has shown that the amount in saving/investments for those who have used financial advice is €81,890 by comparison to €53,200 for those who have not used financial advice.
The results of Brokers Ireland Value of Advice report 2021 were broadly consistent with international studies.
Consumers who had taken professional financial advice:
- Had saving/investments 53% higher in value than those who do not taken advise.
- Were twice as likely to have a pension.
- Were more financially protected.
- Were more financially confident and more confident about their financial future.
Your Financial Advisor in Cork
MBC Financial are financial advisors based in Cork. Dealing with your finances can sometimes be quite complex and stressful. We are here for you. We help our customers deal with their present finances by helping with savings and investments and cash flow planning. We help customers protect their current and future incomes with income protection cover, life and serious illness cover and business protection. We can help make your future and that of your loved ones more secure by helping you with wealth management, retirement planning and estate tax planning.
Personalised Financial Advice
Our qualified financial advisors can talk to you about:
- Financial Investments
- Financial Planning
- Pensions
- Wealth Protection
- Wealth Management
- Retirement Planning
- Estate Planning
Qualified Personal Financial Advice
Get qualified personal financial advice from the experts. Call Alan or Sarah or fill in the form and we’ll call you back for a no-obligations chat.
Free No-Obligation Chat about your Finances
Contact Alan and Team if you want professional financial advice
Award Winning Financial Advisors
MBC Financial have been awarded Cork Pension and Investment Broker 2021 by the All-Ireland Business Foundation and have maintained our Business All-Star Accreditation for the second year in a row – 2020 and 2021.
Our team has been very busy this year working with the All-Ireland Business Foundation to maintain our Business All-Star Accreditation Certificate. This accreditation is an outstanding achievement and recognises the hard work and dedication of our team in providing a best in class service to all our clients.
Financial Advisor FAQs
How much does a financial advisor cost?
It depends on whether the Financial Planner is providing advice only or advice coupled with a recommendation of a product. The cost of providing advice only could be approximately between €250 to €400 per hour. However, if it’s a case that the Financial Planner is putting together a financial plan in conjunction with recommending a product with a company, the insurance or investment company may pay the financial planner, so therefore there is no cost to the client. There are two ways that Financial Advisors/Planners can be paid. We either charge fees for the services that we provide and that would be an hourly fee or we are paid a commission for placing the business with the insurance/investment company which is all declared to the client prior to engaging with the Planner. The fees are disclosed on our Terms of Business/website and a full list of the potential remuneration is disclosed on our website.
Are accountants financial advisors?
Some accountants maybe qualified as financial advisors. If not, accountants may refer a client to a financial advisor or some large accountancy practices may have their own in-house financial advisors that they would refer clients to them.
Are financial advisor fees tax deductible?
Yes, so if you are company director and I am charging you a fee for services that I provide. It is an allowable expense against your company income.
What qualifications does a financial advisor have or need?
As a minimum competency, the financial advisor would need to have obtained the QFA (Qualified Financial Advisor) designation, that is the minimum competency requirement for a face to face financial advisor. A Financial Planner may also hold other qualifications such as an SIA which is a specialist investment advisor and/or a CFP which is a Certified Financial Planner. Every QFA/SIA/CFP is required to do a minimum number of CPD (Continuous Professional Development) hours on an annual basis to keep their knowledge in line with current regulatory and compliance standards as set out by The Central Bank.
Do financial advisors sell insurance?
Most people would see insurance as protecting something physical i.e. car/house or buildings. Financial Advisors typically provide advice on protection in the form of life cover, serious illness cover, mortgage protection, income protection for families/individuals. Business protection would be provided with Keyperson Cover or Company Director Cover.
How do I find a reputable financial advisor?
One way is to check to see how many years experience the staff have as financial advisors. Look for real reviews by customers. Make sure that they have a real address and a local phone number. Look at the qualifications of the staff.
Is it worth speaking to a financial advisor?
We think so. Not many people are naturals with their financials and life is becoming more complex when it comes to planning your finances and allocating resources while attempting to save some money.
How much money do I need to see a financial advisor?
As per our answer above. It depends on whether the Financial Planner is providing advice only or advice coupled with a recommendation of a product. The cost of providing advice only could be approximately between €250 to €400 per hour. However, if it’s a case that the Financial Planner is putting together a financial plan in conjunction with recommending a product with a company, the insurance or investment company may pay the financial planner, so therefore there is no cost to the client.
Can you trust financial advisors?
It is in the best interest of financial advisors to give you honest independent advice. We are regulated organisations and under regulations we have to be transparent with you and our charges.
Who are the best financial advisors?
The best financial advisors are those with many years of experience who have the right qualifications, who have a good reputation, have clients for years or even decades and have your best interests in min.
What is the difference between a financial planner and a financial advisor?
A financial advisor is someone that you consult about all types of financial issues and gives you independent advice about how to get your finances in order. A financial planner is someone that helps you execute a financial strategy based on your financial goals.