Financial planner Jillian Thomas is hosting a series of free masterclasses to help local business owners organise their finances.
Jillian, director of Future Life Wealth Management, is running the sessions called ‘Managing your money for business owners’ in Sheffield, starting with one on creating a financial plan.
Jillian said: “We have a lot of great businesses in Sheffield offering some great products and services. They are often run by owners who know their sector well, but may lack some knowledge in financial matters and that can hold them back.
“We are particularly keen for women owners to join us at the masterclasses as it often seems they often lack of confidence in financial matters and that can stunt the growth of some potentially great businesses.
“More financial awareness will lead to more confidence to scale up the business and ultimately to grow the local economy. And that can only be a win-win, for the individuals, their companies and the region.”
The first masterclass, on creating a financial plan, will be on 27 September at Kenwood Hall Hotel:
September 27 – Kenwood Hall Hotel, Sheffield
Creating your financial plan. Setting goals and objectives, creating your own inflation rate and understanding what risk to take on investments. If you own your own business and you want to maintain your current lifestyle post sale, you can also work out the price you need to sell your business for, taking all the guess work out.
October 16 – Mosborough Hall Hotel
Pensions. What they are, how they work – defined benefit versus defined contribution. How they can be used to purchase commercial property and the benefit to your business. Also unravelling Pensions Freedoms, what it means for you, and the benefits for your family.
November 22 – Double Tree by Hilton, Sheffield Park
Investments and life assurance. How to save, how to establish affordability and what risk is, to establish your ability for loss and prioritise in the accumulation phase of the financial plan. What are the different type of protection for personal and professional use, including Shareholder Agreements and Keyperson Assurance.
December 6 – Whirlowbrook Hall, Sheffield
Putting it in a plan. The chance to start creating your personal financial plan, considering your personal inflation rate, along with the investment return versus investment risk to achieve the goals. This will include one-to-one tuition with Jillian or a member of her team. This is where we draw everything together establishing what date you can be financially independent and could retire.
The masterclass series is supported by Vine Hotels. The masterclasses are all free and will run from 9.30 to 10.30am, with registration and coffee from 9am.
Future Life Wealth Management is based in Renishaw and was set up by Jill in 2010. The company offers a bespoke financial planning service to generators and receivers of wealth.
For the last five years running Future Life has been listed in the New Model Adviser Top 100, which recognises financial planners for their qualifications, income and commitment. Jillian is also a past president of Sheffield Chamber of Commerce.
To register on a masterclass contact 01246 435996 or email firstname.lastname@example.org.