YorWealth Ltd

Wishing all our clients and connections a Merry Christmas and a Happy New Year. It’s been a busy year at YorWealth, with two Elections and a budget from a new government it created lots of discussions with clients as to how this might impact them. We are also really pleased to have expanded our team to 8, with Maddy Bhowmick joining us as apprentice paraplanner and Beth Shipley as Financial Planner. Our nominated charity for 2025 will remain The Island York, and we look forward to supporting you with various initiatives. Please take a look at some of the many highlights of 2024. A special mention and thank you to a few people who have supported us in developing our business Andy Knowles - Assetiam Business Consultancy Services, York, Matt Stirland and Michelle Mook. We are closed for the Bank Holidays, but will have a skeleton staff available during the Christmas period, and you can contact us on the normal number of 01904 623888 or contactus@yorwealth.co.uk https://lnkd.in/dZCgNys3

The final networking event of the year is in the can, and you can't go far wrong with a Breakfast at The Milner York, formerly The Principal York Hotel with York Professionals. Its been an amazing year of events with York Professionals and none of this would happen without the amazing Jo Pickering FCIM. It was great to see John Kent, Emma Farrell,Stuart Lloyd,Lorraine Wilson,Paula Stainton,Christine Harrison,Naveen Sahney.Sue Newton-Denton.Ellie Stead our host Danny. Great to meet David Leckie and Jordan Floyd. Wishing all the York Professionals members, guests and committee a Merry Christmas from YorWealth.

Office Envy ! Thanks to James Hilton-Scott, James Shaw, Steve Morrell and Ian Walker for the invitation to your Christmas Drinks for Morrell Middleton & Ian Walker & Co We had a great time meeting your wider team, clients and colleagues. Seeing your office facilities I think a few people may be taking accountancy exams...

Power of Attorney and Financial Planning Safeguarding your Financial Future with Lasting Powers of Attorney is more than just making a good investment return Often, when planning for our future, we tend to focus intensely on how much we might need in future years. That might be for retirement, saving up for a specific expenditure or needing money for some other anticipated life-affecting event. Our thoughts then turn to building up our funds in order to achieve this. This usually happens over many years of saving and investment, even decades as is the case with our retirement savings. We look to create a financial plan, invest soundly and make our arrangements as tax-efficient as possible. Our team ensure all elements of your future finances can be handled effectively. As financial advisers, our job is to help people with their financial arrangements, or to revise future ambitions to a more achievable level given an individual’s circumstances. What we rarely see is provision put in place to protect these assets should an individual lose capacity. Losing capacity can be mental and/or physical but it can render a person unable to deal with their finances. Imagine having worked for years, building up the required asset base only to then be incapacitated for a period of time. You could end up with large sums of money in limbo as you are unable to deal with things until the State, in the form of a court appointed deputy, are able to step in. This is a process that can take months and can be expensive. Lasting Powers of Attorney Instead, we always advise our clients to look into Lasting Powers of Attorney (or LPAs) for their financial affairs and health and wellbeing. This enables trusted friends and family to act on your behalf whilst you are unable with regards to certain crucial aspects of your welfare. Legally, attorneys must act within certain limits and with a duty of care. They can step in to put your savings to the best possible use for you. help ensure those savings you have worked so hard to build continue to be deployed to your benefit. Lasting Powers of Attorney is a crucial but often overlooked part of everyone’s financial plan. We would always strongly recommend that clients talk to their solicitor about putting some kind of arrangement in place. If you haven't got a solicitor we work very closely with some excellent law practices and can help you find one that works for you. Get in touch to talk to our team about your financial future today. Contact us on 01904 623888 or email contactus@yorwealth.co.uk The value of your investments can go down as well as up. You could get back less than you invested. Remember, a pension is a long term investment. The fund value may fluctuate and can go down. Your eventual income may depend on the size of fund when accessed, interest rates and legislation.

This a terrible situation that Forget Me Not Children's Hospice finds itself in, and it is such a vital charity supporting families living with or facing the loss of their child. If you as an individual or a company can find anything to help them then please contact Georgia Lane MCIOF (Cert).

Thanks to everyone that joined us at the Christmas Curry night and hope you had a great night. We definitely did... We really appreciate all the support everyone has given this event, and we look forward to seeing you at the next one in 2025.

As you know Beth Shipley joined us just a few short weeks ago as a Financial Planner and really feels part of the team already. So we thought we would share a few words from Beth...

Last week we invited Ken Anderson from Phoenix Rises to share his Communication and Resilience workshops with us all. It was a great session insightful, practical and useful for all of us to take forward both in our personal and business lives. I think a few of participants were sceptical before the session of a so called "wellbeing session ", but this was so much more and everyone came away with learns... The reason we would recommend Ken he is using life and work experiences to bring practical ideas to help, rather than just read it in a book. Below is a link to his website

Beth Shipley attended her newly formed YNY networking event yesterday at the Evolution Business Centre in Northallerton. They had a brilliant talk and quiz from John Dunwell aka Mr Merchandise. Thanks to those who attended & looking forward to next event in the new year on 23rd Jan.

Great night at the York Professionals Christmas Quiz last night. Tip to team.. learn more Christmas songs! Thanks as always to Jo Pickering FCIM, and to our additional team member John Nurden. Good to see Joanne Coen, Lorraine Wilson,Jonathan Doyle,Susie Mortonson,Martin Whincup,Gareth Bottomley, Ian Jarvis and Ian Howard