Impartial Financial Planning

Guidance Security Inspiration

Us

Impartial Advice

Our only interest is helping you achieve what is most important to you. As truly independent advisors, many of our clients have come to us, frustrated at the lack of trust and transparency in the financial industry. Too many planners put their interests ahead of their clients. As there is no conflict of interest in the relationship with our clients and as one of a very small number of truly independent financial advisors in Ireland, we can provide balanced, impartial advice.

Who We Are

Our mission is one of fairness. We really want to shake up the old style financial services industry and ensure that people get a much better deal along the way. We believe that through your success, we too will have success.

What We Do

We listen to what people are looking to achieve and transform the way they plan for retirement and beyond by truly understanding what a successful retirement might look like and how best to fund it. Getting started is very often the most difficult step and we are there to work through this with them by devising a personalised plan for their unique situation to get them there.

How We Do It

Now that we know what you are looking to achieve, we then look at your circumstances today and apply some scientific assumptions (with common sense) to get an overview of what your future might look like. This will allow us to understand how this fits with what you are trying to achieve.

We start very simply by looking at your greatest asset, YOU, the scientific name for which is Human Capital (HC). It’s the income that you earn today and may potentially earn in the future, net of tax (some people may be exempt of tax depending on their source of income).

Now that we have your net income figure, we need to deduct your monthly lifestyle costs and the surplus you have left thereafter is your free cash flow. The question now is what do you do with your free cash flow?

Future planning is all about what you want to achieve.

By way of example if education planning is top of your list then this tends to be shorter in term and with an absolute requirement for a certain amount of money at a certain time there tends to be no room for error. In this case there can almost be no investment risk.

Whereas if you are looking to provide an income for yourself in 25 years’ time, the certainty for the amount required may change along the way, plus given the time frame investment risk may well be taken. The academics we work with call assets Financial Capital (FC)

The process of taking your Human Capital and converting this into Financial Capital, which in the future will provide you with your desired income, is what we call true Financial Planning.

Our Story

We both found our positions made redundant in our previous employment post the crash in 2008/09 and operated independently until we combined to set up Accumulus Financial Planners in 2011.

Having both worked in financial services for over 50 years combined, we share the same view of an industry in which too many planners put their own interests ahead of their clients. Through years of first-hand experience, we know that the conventional approach has not worked and most people can’t afford the lifestyle they want after retirement. That is why today, we focus on showing people how to identify the goals that are most important to them, invest smarter, help them to build real wealth so they can retire and live the lifestyle they truly deserve.

We operate our practice so that there is no conflict of interest in our relationship with our clients allowing us to give impartial and objective advice to help them reach their goals.

Meet the Team

Accumulus Financial Planners is a Financial Planning Practice run by Simon Thompson and Tomas O Driscoll, each having over 20 years’ experience within the financial services industry (as Financial Planners). Many of our clients have been with us since before the establishment of Accumulus Financial Planners which we believe is down to building long term trusting relationships and a commitment to providing an excellent ongoing service.

We focus on listening to each of our clients situations, what they are aiming to achieve and then look at how we can provide solutions that best fit their Lifestyle situation.

Simon Thompson CFP®

Simon is co-founder of Accumulus Certified Financial Planners.
Born and educated in the UK, he spent 6 years working in Financial Planning in the UK prior to moving to Ireland in 1998. Simon is a Certified Financial Planner and Qualified Financial Advisor. He is married with a son and lives in Clontarf, Dublin.

Tomas O’Driscoll CFP®

Tomas is a co-founder of Accumulus Certified Financial Planners.
A native of Galway, he has over 25 years’ experience in financial services working with clients ranging from Self Employed Professionals, Senior Executives and Business Owners in the SME area. Tomas is a Certified Financial Planner and Qualified Financial Advisor. He is married with two daughters and lives in Ballinteer, Dublin.

You

Our clients are busy people who want to hear the truth and not sales waffle and jargon. They want to engage with financial planners who can provide expert financial advice in a manner that is straight forward to understand and makes sense.

Very often, our clients come to us with complex financial circumstances that they are not able to resolve themselves, not knowing where to start or where to go and frustrated by it all. We help them to identify those items that are most important to them, by simplifying complex matters and putting in place a structured plan of action which they can follow which in turn leads to peace of mind.

One of our main aims is to make our client’s lives easier so that they can spend time focusing on things that really matter to them, rather than what they feel obliged to do.

Our clients understand the value of working with independent planners and are willing to pay for professional advice that they can trust and act upon.

Early Career (25 -39)

Planning, Looking Forward

For most of us, success is the result of planning and hard work.  Your success has bought you financial rewards yet in many ways life is not simpler, it’s more complex.  Your choices impact more people than just you and can have longer lasting effects the ever before.

Read More...

We understand your challenges.  We can help you navigate today’s changing financial landscape.  We follow a systematic process to help you pursue what is important to you.  Here is how our process works.

First, we understand you. We work with you to identify your goals and objectives.  We help you prioritise what is most important.  Next, we help you get financially organised, where your data is consolidated into one clear picture of you.  Once we know more about your financial situation, we run scenarios to compare where you are now with where you want to be and identify how any gaps ca be bridged.  Your personalised plan can include ideas to optimise your cash flow, manage your investment portfolio, provide retirement options, save for education, protect your assets, eliminate debt and more.

We deliver our recommendations in a written report.  We will work with you to implement the recommendations and will stay with you every step of the way.  When you have questions, you can contact us at any time.

To get where you are today you had a plan.  To get where you want to go tomorrow, you need a new one.  We have the experience to help you make the financial decisions to get you on your way.  Forward thinking is what smart planning is all about

Pre-Retirement (40-65)

Established, Transitioning

Imagine if you could see the future – your future. Imagine fast forwarding 20 years from now, what financial advice would you give yourself today.

Your words of wisdom might sound like this:

Read More...

  • Buy the car, but skip the Time Share
  • There is more to education costs than just school fees
  • Start investing sooner
  • Save more, spend less and then save some more

If you could see how your choices today affect your financial future, imagine the advantage you would have.

If you want to see what your tomorrow might look like, we can show you. Here’s how.

First, we understand you. We work with you to identify your goals and objectives.  We help you prioritise what is most important. Next, we’ll help you get financially organised, where your aa your information is consolidated into one clear picture of you. You’ll see your bottom line.  When you know what you have and what it is worth, you can make informed decisions about what to do with it. To help you make smart choices, we create ‘what if’ scenarios about your financial life so that you can visualise future potential outcomes.

We can evaluate all kinds of potential options for you.  Watch what happens to your retirement pot when you increase spending.  Look at the net effect of something important like downsizing your house, or selling your business. See the ongoing result of gifts to your children or your favourite charity.

Your personalised plan can include ideas to optimise your cash flow, manage your investment portfolio, minimise tax, provide retirement options, protect your estate and more.  We deliver our recommendations in a written report and will work with you to implement the recommendations and will stay with you every step of the journey.

We have the expertise to help you visualise the cause and effect of your financial decisions, not just for today but throughout your entire lifetime.

Forward thinking is what smart planning is all about.

Post-Retirement (65+)

Adjusting, Contentment 

It’s happening and it’s happening right now.  Across Ireland, over 21,000 baby boomers turn 65 each year.  The age of retirement.  Next year, another 21,000.  But only a few will retire with financial certainty. Consider this and what it means:

Read More...

According to the CSO projections on Population and labour force, there are 637,567 people in retirement in 2016 with 2,006,641 working. The CSO prediction is that by 2046 there will be 1,400,000 in retirement with only 2,100,000 working.

That’s not enough., life expectancy for a male is  approximately 81 years in 2016, all predictions indicate that this will increase to 89 years in 2046. That is an extra 8 years of income to fund.

The life expectancy for a female is approximately 81 years in 2016, all predictions indicate that this will increase to 89 years in 2046. That is an extra 8 years of income to fund.

For the first time in history, we have two generations retired at the same time.  Many retired boomers will care for their elderly parents.

So, what does all this mean?

Pressure on those things we take for granted – health care, nursing home care,  social welfare.

So, what’s the solution?

Work with us to optimise your financial nest egg with effective income and investment strategies. Let us look at how your investments can grow with the proper risk and tax efficiency, yet still provide the income desired income in retirement.

We can help you navigate today’s changing financial landscape.  We follow a systemised process to help you pursue what is important to you.  Here is how it works:

First, we understand you. We work with you to identify your goals and objectives.  We help you prioritise what is most important. Next, we’ll help you get financially organised, where all your information is consolidated into one clear picture of you.  You’ll see your bottom line.  When you know what you have and what it is worth, you can make informed decisions about what to do with it. To help you make smart choices we use innovative tools to visualise ‘what if’ scenarios about your financial life.

We can evaluate all kinds of potential options for you.

Watch what happens to your retirement nest egg when you spend more.  Look at the net effect of something important like downsizing your house, or selling your business. See how different tax and investment strategies impact the bottom line.

We have the expertise to help you visualise the cause and effect of your financial decisions, not just for today but throughout your entire lifetime.

If you do nothing else but review your options with a professional, you have a far better chance to live out your post-retirement life in financial comfort.

Forward thinking is what smart planning is all about.

Together

First, we listen

It is our understanding of you that will drive the best decisions. We will work with you to identify your goals and objectives.  We help you prioritise what is most important.

We will help you get financially organised, where all your information is consolidated into one clear picture of you.

​You’ll see your bottom line.  When you know what you have and what it is worth, you can make informed decisions about what to do with it.

Next, Evaluate All Your Options

We will diligently search for a clear strategy.

To help you make smart choices we create ‘what if’ scenarios about your financial life.  We can evaluate all kinds of potential options for you.  See how different tax and investment strategies impact your bottom line. Watch what happens to your retirement fund when you increase spending.  Look at the net effect of something important like downsizing your house, or selling your business. See the ongoing result of gifts to your children or your favourite charity.

We’ll help you visualise the cause and effect of your financial decisions.

Then, Help You With The Big Decisions

We deliver our recommendations in a written report.

Your personalised plan can include ideas to optimise your cash flow, maximise income, manage your investment portfolio, minimise tax, eliminate debt, provide retirement options, protect your family, manage your estate and more.  We will work with you to implement the recommendations and will stay with you every step of the way.

Finally, Keep You On Track

Things change. Some obstacles may pop up along the way. Maybe there are tough choices to be made.

We can help you navigate this changing financial landscape.

Our On-going Update Process allows us to check your progress and see if changes are necessary. We’ll keep you up to date and when you have questions, you can contact us at any time.

Our Values

GUIDANCE

Our role as your financial planner is to guide you as to how best to manage your money and help you achieve your life’s goals and ambitions on your financial journey.

Our motivation has always been and always will be about putting our clients’ interests before our own.

SECURITY

Giving our clients financial peace of mind and preparing them for an uncertain future.

We believe that professionalism is more than competence alone. We work to exacting standards and with fanatical attention to detail.

Our Certified Financial Planning (CFP) status demonstrates a professional commitment to raising standards of knowledge, capability and ethical practice and as stated by The Financial Planning Services Board, it tells our clients that they can expect the “highest quality of service”.

INSPIRATION

We look to make a profound difference in the lives of our clients by helping them achieve their wider goals and aspirations.

We are committed to innovation, incremental improvement, creativity, and working with an entrepreneurial, ‘can do’ spirit.

Contact Us

Accumulus Financial Planners
38/39 Fitzwilliam Square, Dublin 2
Tel: 085 711 0053
Email: info@accumulus.ie