Karen and Jessica join our team!

In the last month, we have welcomed two new members of staff who have joined the administration team at Trafford & Houghton.

Karen has joined as a Senior IFA Administrator/Paraplanner. She has over 25 years experience of working in financial services having worked for a provider, a well known bank and at a financial planning company.

Jessica has joined as a Trainee IFA Administrator and as part of an apprenticeship she will also be studying for the level 3 Business Admin NVQ qualification.

Karen and Jessica have already settled in to the admin team working alongside Hayley and Nicola.

Hayley has also recently celebrated 6 years of service at Trafford & Houghton.

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Thought for Today

I think this is my favourite quote, it’s something I try to use when talking to people starting in their work life or buying their first home. It’s a simple rule, which if followed can save you from so much financial stress. Like most quotes I manage to misquote this on many occasion, but this is it in all it’s glory.

Mr Micawber’s famous recipe for happiness, taken from Charles Dickens’ David Copperfield

“Annual income twenty pounds, annual expenditure nineteen [pounds] nineteen [shillings] and six [pence], result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.”

It’s so simple but so right. If you start out spending a little bit less than what you have you’re on the right path.

Exam Success

Congratulations to our Office Manager Hayley Carson who found out this morning that she has passed the J11 Wrap and Platform written exam.

Well done Hayley!

Vacancies available

Vacancies Available

Due to expansion, we have the following vacancies available at our office based in Preston. If you feel you are suitable for any of the roles listed below then please email your CV to hayley@traffordandhoughton.com or telephone us for further information on 01772 825755.

Vacancy One:

Senior Administrator/Paraplanner

An excellent opportunity for an experienced Administrator has arisen to join our firm. Trafford & Houghton are a small reputable firm made up of 3 IFAs (including 2 directors) and 3 administrators.

Key Skills: You will need to have worked within the Financial Services industry and have a working and competent knowledge of financial services products which include Pensions, Investments, ISA’s and Protection policies. You will have good communication skills, be organised, happy to take responsibility for your own work and be able to work to deadlines. You will need to be a team player and be happy to help other team members when required.

You must have had experience of writing suitability reports.

Award in Financial Administration qualification would be preferred.

If not already qualified to diploma level, should be part qualified or keen to progress further.

Experience using Intelligent Office and O&M would put candidates at an advantage.

Key responsibilities and accountabilities:

  1. Produce professional suitability reports
  2. Tailoring suitability letters to individual clients
  3. Responsible for file preparation for meetings and existing business administration
  4. Provide specific product, provider and fund research
  5. Assisting administrators during busy periods and working in a team environment.
  6. Other administrative duties include:
  • Submit new business applications
  • Produce quotations
  • Deal with providers
  • Deal with clients
  • Chase outstanding pipeline cases
  • Chase outstanding fees

Salary: Up to £25,000 per annum dependant on experience

Contract: Full Time

Hours: Monday – Friday (37.5 hours per week)

 

Vacancy Two:

Apprenticeship – Trainee Financial Services Administrator

A position has arisen for an enthusiastic individual who would like a career in financial services.  We are looking for a bright, hardworking candidate who is able to adapt to change and is willing to learn and develop in the advertised role.

You will enrol on the Business Administration Level 2 Apprenticeship scheme provided by North Lancashire Training Group.

Initially to provide immediate support to our existing team, providing suitable progress is made their responsibilities will include producing quotations, submitting applications, dealing with providers, dealing with clients and general administration duties.

Key Skills:

  • Excellent written and verbal communication
  • PC literate with experience of using Word, Excel etc.
  • Good time management skills
  • An interest in the financial planning process
  • Willing to learn and develop in the advertised role
  • GCSE or equivalent in English and Maths (A-C)

Salary: £122.50 per week (£3.50 per hour)

Contract: Full Time

Hours: Monday – Friday (35 hours per week)

Guide to Financial Planning: Part Five

The Final Frontier

So, having taken advice, given the investment time , diversified the investment, avoided greed- make sure you avoid fear.

Some of the worst financial decisions I’ve known have been based on unexplained fear. Whether it’s leaving money on deposits for years and years and allowing that money to erode through the effects of inflation or not investing because you’re fearful of a market fall.

Nobody flashes a light to say investment markets are about to fall. The markets are priced by taking in an unbelievable amount of information, so anyone who thinks they know better perhaps should be working with Clinton Baptiste.

Invest for the long term and don’t make long term decisions based on short term movements. There are always going to be ups and downs, that is the nature of investing.

Like in the poem IF

“If you can meet Triumph and Disaster

And treat those two imposters the same”

(You’ll be an Investor).

 

 

Guide to Financial Planning: Part Four

Don’t believe the Hype

Rule 4: Avoid Greed

Most people have heard this basic rule of investing, which is to buy low and sell high. Yet, few follow this guideline. It’s  too easy for well-meaning investors to fall victim to their own emotions, thereby succumbing to the fear, hope and greed cycle.

When investments continue to rise, we get excited, and newspapers and television add fuel to the fire. People then start to worry they’re missing out and greed kicks in. Even though we’re buying something for far more than what we should. We become greedy and want some of this marvellous investment opportunity. The chance  has probably passed and our greed is exposing us to more risk than we should have had. We are buying high not low.

Investing is a strange business, Investor, businessman and philanthropist, Sir John Templeton, used to say: “Be greedy when others are fearful and fearful when others are greedy.” The irony is that many investors only want to buy when the price is high.

My advice is avoid greed, be what you are.