Start the New Year with an Organised Outlook

Start the New Year with an Organized Outlook

Start the New Year with an Organised Outlook

Consider getting organised this winter season by de-cluttering and updating your financial plan.

December 20, 2018

The momentum of a fresh start makes the new year an ideal time to get things in order in your life and your finances. Schedule some time to check in on your accounts, organise tax documents, automate bill paying and go paperless to simplify things and set yourself up for success.


Planning To-Do’s

Consolidate and cut clutter: Sign up to view your accounts online and go paperless to reduce clutter. Additionally, consider organising your personal and financial documents by uploading them to a file sharing or content management platform.

Revisit retirement: Confirm that employer retirement plan contributions take advantage of any available employer match. Maximise IRA contributions early in the year so they will have more time to generate tax-deferred gains; you have until mid-April to do so for the previous year. If you are 50 or older, ask your adviser about catch-up contributions.

Consider your health spending: If you participate in a flexible spending account (FSA) or health savings account (HSA), review your contribution levels to take full advantage based on your family’s needs – without exceeding applicable limits. If you have an FSA, utilise available funds before your plan’s use-it-or-lose-it deadline.

Do a budget gut-check: Have major new expenses that must be factored into your financial plan? Conduct a cash flow and liquidity analysis to make sure you’re in good shape. Then prioritise how you’ll apply available savings, whether it’s to pay down high-interest debt, build or maintain an emergency fund, or increase retirement savings.

Prepare for fuss-free filing: Keep your tax documents organised as they arrive so you’re prepared to file. Talk to your adviser about coordinating with your tax professional to ensure everything is in order.

12 Resolutions for 2019

12 Resolutions for 2019

Start the new year right by reviewing and revamping your financial plan.

December 18, 2018

Instead of hauling out those familiar New Year’s resolutions about eating less and exercising more, how about focusing on something that’s also very good for you in the long run – and even sooner? We’re talking about your financial plan – your fiscal health, if you will. The start of a new year is a great time to review your plan and make any necessary revisions. With that in mind, here are 12 suggested resolutions that, if followed, can help ensure that your later years will be financially secure.

1. Get your balance sheet in order
You can’t realistically expect to reach a goal without knowing where you’re starting from. Using December 31 as the effective date, update your personal balance sheet (assets versus liabilities, broadly speaking). You should already have (or develop if you don’t) an idea of what you’re going to need to reach important financial goals. If you’re already retired, you also need to know if the income you receive from Social Security, pensions, retirement plan assets or other sources is still going to support your current lifestyle. Either way, you’ve got to have a scorecard. Everything else really proceeds from this, so take the time to bring all these numbers up to date.

2. Review your budget and spending habits
How close did you come to what you had planned to spend last year? Where did you go off track, and what can you do about that? Has something fundamental changed in your life that affected your expenses, and is that a one-time item or an ongoing cost? Where can you trim expenses? Although some budget items are fixed, a sharp pencil can produce significant savings on other costs. Some businesses engage in a process called zero-based budgeting in which every anticipated expense must be justified again every year (at the personal level, this approach is sometimes called zero-sum budgeting). In other words, the $2,500 you spent last year on travel would have nothing to do with what you budget for travel this year. Instead, you start with what you realistically expect to have as income, then assign those dollars to your various expense categories, while also maintaining flexibility to account for cost areas such as healthcare that can’t be pinned down precisely.

3. Review the titling of your accounts
Account titling often occurs haphazardly – an individual opens a bank or brokerage account, meets Mr. or Miss Right, they live together or get married and … down the line there’s a problem. If one partner dies and that bank or brokerage account is still titled only in the original holder’s name, those assets can’t be readily accessed by the survivor. The solution may be as straightforward as changing to joint accounts, but it’s not always that simple. In fact, titling has implications across a wide range of estate planning issues, as well as other situations such as Medicaid eligibility and borrowing power, to mention just a few. Account titling is more than just using the right form; it can also be a tool for estate planning. Review your account titling and determine if that’s still the arrangement you want.

4. Designate and update your beneficiaries
If you don’t correctly document and update your beneficiary designations, who gets what may be determined not according to your wishes, but by federal or state law, or by the default plan document used in your retirement accounts. When did you last update your beneficiary designations? Has something changed in your life (divorce, remarriage, births, deaths, state of residence) that necessitates changing your beneficiaries? You should update your beneficiaries on anything that affects your heirs (wills, life insurance, annuities, IRAs, 401(k)s, qualified plans … the list goes on). If you’ve designated a trust as a beneficiary, has anything changed in the tax laws regarding trusts that could affect your heirs? Have you provided for the possibility that your primary beneficiary may die before you? Have you provided for the simultaneous death of you and your spouse? You need a good estate planner to walk you through the various scenarios.

5. Evaluate your cash holdings
Everyone should have a certain amount of their assets – six or more months of living expenses is a common rule of thumb – set aside in cash accounts that can be quickly and easily accessed. The cash portions of your brokerage and/or retirement accounts serve a different purpose and shouldn’t be counted as emergency reserves. Think about where your cash reserves are located. Keep in mind that only banks that are members of the Federal Deposit Insurance Corp. can offer FDIC coverage, and only up to a maximum of $250,000 per accountholder. For example, if you have CDs worth $200,000 and an IRA with $200,000 in assets in the same bank, only $250,000 of that $400,000 total is covered by the FDIC. There are some complexities – and opportunities – within the FDIC rules, so be sure you understand them completely.

6. Revisit your portfolio’s asset allocation
The ups and downs of the markets will affect your asset allocation over time. Appreciation in one asset class or underperformance in another can leave your portfolio with an asset allocation and risk profile that differs from what you originally intended. It’s important to revisit both your current and ideal asset allocation at least annually and rebalance as needed (Tip: Instead of selling appreciated securities, consider rebalancing with new contributions to help avoid capital gains taxes). This also gives you an opportunity to determine if you are comfortable with the current level of risk in your portfolio. Risk tolerance isn’t static – it changes based on your net worth, age, income needs, financial goals and various other considerations. The most recent recession has made many investors more risk-averse. That’s certainly understandable, but it may be that you need to – very carefully – take on slightly more risk to keep pace with your goals. You want to make informed decisions here. Review your holdings and your overall asset allocation with your financial adviser and make whatever adjustments are indicated.

There is no assurance that any investment strategy will be successful. Asset allocation does not guarantee a profit nor protect against loss. The process of rebalancing may result in tax consequences.

7. Evaluate your sources of retirement income
Most retirees have several sources of income such as Social Security, pension(s), retirement portfolios, rental properties, notes receivable, inheritances, etc. Every individual picture is different. Think about how secure each source is. Can you really count on that inheritance, are there likely to be vacancies in your properties that would interrupt the cash flow, are the notes receivable backed up by collateral? The point is to know which income sources are reliable and which are less certain, and how much of your total income each category represents. If too much of your retirement income is from sources you consider less than solid, it may be time to reposition your assets.

8. Review your Social Security statement
If you’re not yet retired, you need to go online and establish an account with the Social Security Administration – the SSA isn’t going to be sending individual statements of accrued benefits in the mail anymore. Review your statement, and be sure all your earnings over the years have been recorded. Use the SSA’s online calculator to compute your benefits at various retirement ages (it’s generally best to wait as long as possible to begin collecting). Revise your spousal plan if indicated – this won’t apply to everyone.

9. Review the tax efficiency of your charitable giving
Think strategically about your contributions – donate low-basis stocks rather than cash, for example. Consider establishing a Donor-Advised Fund, which enables you to take an upfront deduction next year for contributions made over the next several years – and provides other benefits. Give, but do so with an eye toward reducing your tax liability.

10. Check to see if your retirement plan is on track
Many investors have delayed their retirement plans for various reasons. The important thing is to respond and determine – promptly and realistically – what changes might be needed given your current lifestyle and market environment. In evaluating the current state of your plan, don’t fixate solely on a number – “We’ll be fine when our retirement portfolio is worth £X” – that just isn’t the way retirement works anymore, if it ever did. You need to drill down into what types of assets you have, what your cash flow situation is and is going to be, what your contingency plans are, what rate of return you’re assuming, what inflation rate you’re assuming, how long you’re planning for, and all the other important details that go into achieving a successful retirement. The truth is that retirement has a lot of moving parts that must be monitored and managed on an ongoing basis.

11. Make the indicated changes
By now you should have a good idea of where you stand overall, what your cash flow situation is (including whether you’re saving enough), what your retirement income picture looks like, and where the shortfalls or other challenges are. Do you need to adjust your contributions to your IRA or other retirement plans? Do you need to adjust your tax withholding? If you’re due for a raise, how about channelling the extra money into a retirement account? Are you taking full advantage of your employer’s retirement plan options, particularly any contribution match program? Regardless of whether you’re years away from retirement or fairly close, the effects of compounding can be very significant – if you take advantage of them. Go after any problems areas – or opportunities – systematically and promptly.

12. Set up a regular review schedule with your adviser
Your adviser can help you with specialised tools, with impartiality, and with the experience earned by dealing with many market cycles and many different client situations. It’s vital that you communicate fully with your adviser, telling him or her not only what’s happening in your life today but what’s likely to happen or might happen in the future. Are you going to move, change jobs, send kids to college, face the possibility of significant medical expenses? Advisers can’t help you manage what they don’t know, so err on the side of over-communicating. Establish a regular schedule to get together and review your portfolio, your financial and retirement plans, and what’s happening in your life.

Since we all know that many New Year’s resolutions don’t survive that long, add one more to make this a baker’s dozen. Resolve to really follow through on these – and give yourself permission to spend a day lazing around watching movies and eating ice cream when you’re done! Just one day, though.

Monthly Market Commentary – December 2018


Chris Bailey, European Strategist, Raymond James Investment Services:

‘I realise the title above sounds a little like a famous advert from the 1990s (other telecoms operators are available) but, at least during the last month, the world’s political and economic leaders have continued to talk. And talking is just what they need to do. Of course making a few decisions is even better… so thank goodness the season of perpetual hope is almost upon us. More on the global financial markets Christmas presents wish list later’.

Continue reading here

Investment Seminar – December 18


Your Personal Invitation to a Presentation on: MARKET TURMOIL – How to deal with it
Thursday 6th December, Longridge Golf Club, Complimentary drinks and canapes on arrival, Presentation starts at 3pm and 7:30pm prompt.


Paul Gavaghan, Chartered Wealth Manager, Head of Branch Research, Raymond James Ribble Valley Branch.
Paul will discuss the recent volatility in the markets and the key principals to remember during such periods of investing.

Gary Ward, Chartered Financial Planner, Head of Branch Financial Planning, Raymond James Ribble Valley Branch.
Gary will deliver an update following the recent budget and what it means to savers and investors.


RSVP to Laura Forrest, email or call 01772 780300

8 Berry Lane, Longridge, Preston, PR3 3JA Phone: 01772 780300 Web:


Budget Newsletter Autumn Statement – October 2018


BUDGET NEWSLETTER     October 2018

A Budget in October is unusual, but there are two main reasons why the Chancellor’s performance
marginally pre-empted Halloween this year. The first is that we are now in the new cycle of Autumn
Budgets and Spring Statements, the première of the latter having been made on 13 March. If the
pundits are to be believed, the second reason is down to politics. Mr Hammond is reported to have
wanted to get the Budget process underway before the next round of parliamentary battles over
Brexit began again in earnest.

Continue reading.. here

Investment Seminar – Save the date – 6th December 2018



For the final Raymond James Investment Seminar of 2018.

Thursday 6th December @ Longridge Golf Club.

Complimentary refreshments on arrival & presentations start at 3:00pm and 7:30pm prompt.

Full Seminar topic and RSVP details to follow
If you are interested, please reply to

8 Berry Lane, Longridge, Preston, PR3 3JA

Phone: 01772 780300

Raymond James Investment Services Limited is a member of the London Stock Exchange and is authorised and regulated by the Financial Conduct Authority Registered in England and Wales number 3779657 Registered Office Broadwalk House, 5 Appold Street, London, EC2A 2AG
With investing, your capital is at risk.


Investment Strategy Quarterly UK – October 2018


Investment Strategy Quarterly UK – October 2018

Trade Wars: Should You Pick a Side?

Chris Bailey, European Strategist, Raymond James Euro Equities*, looks at the options facing investors
as the trade war between the U.S. and China heats up.

For a number of months now, the world’s largest survey of fund managers has observed that, when asked for their greatest financial market fear, the most cited response has been a ‘trade war’. There is a significant slug of rationality for this.. continue reading

Raymond James ‘At A Glance’

About Us: Who we are

Raymond James Investment Services Limited has operated in the UK since 2001; we provide unique wealth management solutions for wealth managers and their clients. Our parent company, Raymond James Financial, Inc. has been doing the same in the US for over 50 years.

Raymond James services and supports entrepreneurial investment managers and investment focused financial planners in the UK, who run growth oriented practices with a strong management and compliance culture. These wealth managers service high net worth investors with complex financial needs and in some cases, also service mandates for institutional clients like charities and pension funds. As part of the core Private Client Group of Raymond James Financial, Inc., we are part of a well-established, profitable and diversified financial services firm.


All stats as at 30 September 2018

Worlds Biggest Coffee Morning – Macmillan Cancer Support & Raymond James

This year on 27th September 2018, Raymond James hosted its first coffee morning in aid of Macmillan Cancer Support.

‘The World’s Biggest Coffee Morning is Macmillan’s biggest fundraising event. People all over the UK host their own Coffee Mornings and donations on the day are made to Macmillan. We are counting up the pennies and pounds for this year’s event as we speak, and hope to raise over £27 million again this year, to help everyone living with cancer to live life as fully as they can’. –

The event was a huge success supported by a number of local businesses, friends and clients. So, a huge THANK YOU to everyone who came and kindly supported the event on behalf of everyone here a Raymond James Ribble Valley.

The total raised for the Coffee morning was an amazing £300, which the Branch doubled to make an impressive £600 for Macmillian!

We look forward to hosting the event again in 2019.

Photos form the day can be found via our Facebook Page here