Luke Fernquest
Fernquest Financial Planning
All the financial advice you need, all in one place

Welcome to our website. As independent financial advisers we can provide advice on investments, retirement planning, the financial protection of your family or your business and purchasing property. We are able to source products and funds from the whole of the market and build long lasting professional, trusted relationships with clients ensuring that we treat our customers fairly.

Being independent is part of what makes me different. It’s the reason I am free to advise you about products from the entire financial marketplace. I don’t act on behalf of any bank or insurance company. So my recommendations are solely about what’s right for you.

We're motivated to help you with your short, medium and long-term goals and can assist you in creating a financial strategy that will work for you.

Please browse the site to see how we can help you, and please feel free to use the feedback form to get in touch.

The 4 Step Process

Step 1

Consultation

  • Introduction
  • Agree remuneration level
  • Review existing plans
  • Identify goals and objectives
  • Information gathering

Step 2

Advice

  • Assess objectives
  • Whole of market research
  • Devise investment strategy (if applicable)

Step 3

Implementation

  • Select product
  • Apply to product provider
  • Process applications
  • Policy documentation

Step 4

Ongoing Service

  • Assess the continued suitability
  • Complete a new investment risk questionnaire
  • Ongoing access to your adviser

Remember, any product, any provider. No restrictions.

About Me

Dealing with financial matters can be complicated in this day and age with thousands of products available, not to mention confusing terminology. Your Independent Financial Adviser (IFA) can help you make sense of it all and work to achieve your personal financial goals.

Fernquest Financial Planning currently manage £20m of clients’ assets and provide a bespoke service for each individual client to tailor a financial plan around their objectives.

 

Luke Fernquest FPFS
Chartered Independent Financial Adviser

Luke started working as an adviser at the age of 23, where he worked as a trainee for the Co-operative Insurance. He then moved on to work for Monmouthshire Independent Financial Advisers as an IFA which allowed him to further his knowledge and client base. Luke joined 2plan in June 2014.

Luke achieved both his Chartered and Fellowship status in April 2015 which required the completion of 19 exams in total. He holds advanced qualifications in tax, trusts, pension and investment advice as well as additional qualifications in equity release and long-term care.

In 2014 Luke was listed in the Sunday Times as one of the UK's top advisers. In 2015 he won the 2plan ‘New Adviser of the Year’ award, shortly followed by the 2plan ‘IFA of the Year’ award in 2017 and more recently in 2018 the Cardiff CII 'Young Achiever of the Year' award.

 

He regularly comments on articles featured in Money Marketing.

 

 

Lorraine Britton

Client Manager

 

Lorraine joined Fernquest Financial Planning in May 2018 as the company’s client manager as well as providing administrative and Paraplanning duties for Luke.

 

Lorraine brings with her a wealth of experience following a long career in the financial services industry which started in 1989, working at Sun Life administering Small Self-Administered schemes. Lorraine then went onto work with Self-Invested Personal Pensions and in 2010 joined the AXA Elevate platform as a Platform Consultant, before becoming a Platform Relationship manager.

 

She is driven by providing the highest quality of service to clients and is able to understand multiple products, retirement solutions, tax wrappers, investment offerings, technology portals, platforms and wrap propositions

 

Lorraine is currently studying towards the Diploma in Regulated Financial Planning.

 

Reviews and Ratings for Financial adviser Luke Fernquest, Newport

Recognition

Don't take my word for it

Awards

Winning or even being nominated for an award in your chosen field of work or expertise provides recognition that what you do is held in the highest esteem. I am extremely proud to list the recognition I have achieved below:

2018

  • Service Excellence Award

2017

  • IFA of the Year

2015

  • New Adviser of the Year

What I Do

As an Independent Financial Adviser I am not tied to any particular provider and can advise you on products from across the whole market. I will always take a rounded view of the options – considering factors such as charges, customer service and financial resilience. This means I will offer the most suitable solutions for your individual needs and circumstances.

Because I'm backed by an experienced and knowledgeable team of financial planning and IT specialists at 2plan, you can enjoy complete peace of mind – safe in the knowledge that you have industry-leading expertise working for you.

Financial Protection

We all dream of winning the lottery. But what are your odds when it comes to accidents or illness?

Unfortunately, the chances of long-term absence from work are higher than you might think

8 ball

8% risk of death before 65.

16 ball

16% risk of suffering a serious illness.

32 ball

32% risk of being unable to work for 2 months or more.

Life cover is the most popular cover but premature death isn't the biggest risk we face during our working lives.

We're all natural optimists, but even a little bit of income protection could make your finances less of a gamble.

Source: LV= risk reality calculator May 2015, based on a male non-smoker aged 30.

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Investment Planning And Regular Savings

Investing

Why Helping with Asset Allocation Is So Important

By including assets with investment returns that move up and down under different market conditions, an investor can protect against significant losses within a portfolio. Historically, the returns from the major asset classes have not moved up and down at the same time, so by investing in more than one asset type, you'll reduce the risk of losing money and your portfolio's overall investment returns should have a smoother ride.

Time vs Money

Why Does Time Matter

Time Horizon - the number of years, or decades you will be investing to achieve a particular financial goal can make a significant difference. If you think about it, an investor with a longer time horizon may feel more comfortable taking on a riskier, or more volatile investment because they can ride out the inevitable ups and downs of our markets. Risk Tolerance – being prepared to lose some or all of your original investment in exchange for greater potential returns. An aggressive investor, is more likely to risk losing money in order to obtain better long term results, whereas a cautious investor, tends to favour investments that try to preserve the original investment.

Profit Risk Loss

So What's The Right Approach For Me

The actual process of determining which mix of assets to hold in your portfolio is a very personal one. The asset allocation that works best for you at any given point in your life will depend largely on your time horizon and your ability to tolerate any potential losses. We have developed cutting-edge psychometric risk profiling software to make sure we help you make the right decision.

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Retirement Planning

Telegraph
Wednesday, February 20, 2013

Britons 'worst in world at saving for retirement'

British workers are the worst prepared in the world for retirement, a new study has shown.

Figures from HSBC show that the average retirement in the UK is expected to last 19 years, but the average person's retirement savings will last for just seven years.



Recent data from the Office for National Statistics shows that the median value of private pensions in the UK stands around £57,000. As most people take out the 25% tax free cash of £14,250 this would only leave enough for a guaranteed income of around £127pm*. Whilst most people tend to spend less money in retirement, £127pm is around 6% of the current national average earnings.

100 Percent Percent
Pension Shortfall

* Based upon a male and female aged 65 with benefits escalating at 3% and provision for a 50% spouses pension

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Advice At Retirement

What on earth is pound cost ravaging? It's the name given to the effect on your pension pot when you withdraw capital in a falling market. By taking regular withdrawals whilst the market is falling, the financial implications for your retirement pot can be dramatic, you only have to get a few years of bad returns in the early years of your retirement and it may be almost impossible to recover, even though the longer term average returns from your investments may remain strong.

Wordmap

You must remember that you're effectively selling your assets when they are worth less. This is because when the price of each unit that you hold is lower more need to be sold in order to reach your required level of income. Unfortunately, most savers simply assume that if they select a modest level of regular income, regardless as to what happens in the markets, that they'll be able to carry on indefinitely. In reality, taking regular withdrawals in times of market stress can destroy the health of your pension pot and therefore, investors must regularly adjust their retirement plan and investment strategy to avoid the real risk of running out of money whilst retired.

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Mortgages

For many people, buying a home will be the largest single investment they make, it's a huge financial commitment that no one can afford to get wrong. Making the wrong decision can be a very expensive mistake. Moreover, trying to pick the best deal from the vast ranges available from hundreds of lenders can seem almost impossible and even if you find a good deal, you may not know whether you will be accepted – especially as lending criteria often vary considerably.



Whether you are a first time buyer, moving home, looking to re-mortgage or purchase a second property, it is crucial that you only consider a mortgage that's right for you and this is where an independent mortgage adviser helps by searching the market on your behalf to source the right deal based on your personal circumstances and budget. We will also discuss the various options, such as fixed, tracker, discounted, variable and offset and of course the different ways in which you will repay your mortgage.



All of this is essential, as your home may be repossessed if you do not keep up repayments on your mortgage.

Mortgage Deals

Available via comparison sites

0

Source: moneyfacts.co.uk as of 29/02/16

Available via an independent adviser

0

Source: iRess, Trigold as of 01/03/16

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Ongoing Service

Understand Plan Review Implement

An international HSBC study, The Future of Retirement, in 2011 showed that those with financial plans accumulated nearly 250% more retirement savings than those without a financial plan in place. Furthermore, nearly 44% of those who have a financial plan in place save more money each year for retirement.

FOCUS on plans, not retirement

Research by David Blanchett and Paul Kaplan of Morningstar, in their article "Alpha, Beta and now...Gamma", has attempted to quantify into real numbers the value that financial advisers can provide. Their research shows that advisers help individuals generate roughly 1.82% excess return each year, creating roughly 29% higher retirement income wealth. This means even if an adviser is charging a 1% fee a year for the management of assets, the financial advice still has a huge impact on generating additional wealth.

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The Way We Work

As independent advisers, our success depends on building successful long term relationships with clients. Honesty, integrity, good service, going the extra mile - these are the things we believe matter to you, and these are the guiding principles that underpin our approach to business.

Our guiding principles:

  • Best advice - providing you with products and services suitable for your needs
  • Great service - prompt, reliable, friendly; always centred around you
  • Clear, open communication - so you always know where you stand
  • Good information - honest and accurate, timely and relevant
  • Continual improvement - enhancing and updating our service to you
  • Quality control - identifying failings and putting them right
  • Checking and monitoring - reviewing information, tracking progress
Money Marketing Awards

Money Marketing Awards

2015

  • Runner-up - Adviser Firm of the Year

2010

  • Winner - Best use of Technology
  • Runner-up - IFA of the Year
  • Shortlisted - Best Investment Adviser

2008

  • Runner-up - Best use of Technology

Publications

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Get In Touch

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Blue Hills, Llandevaud, Newport, South Wales, NP18 2AA.
01633 430935
07812 696876
luke.fernquest@2plan.com
Adviser Image

Fernquest Financial Planning is a trading name of 2plan wealth management Ltd.

Copyright © 2018. 2plan wealth management Ltd. All rights reserved.

2plan wealth management Ltd is authorised and regulated by the Financial Conduct Authority. It is entered on the Financial Services Register (www.fca.org.uk) under reference 461598.

Registered address: 3rd floor, Bridgewater Place, Water Lane, Leeds, LS11 5BZ. Telephone: 0113 302 1360.

Registered in England Number: 05998270.

This site is for UK consumers only.

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If You Have A Complaint

Of course, I always strive to provide a service that meets your needs. But if I fall short of your expectations, I'd prefer to hear about it – so I can put things right.

If you need to take things further, you can register a complaint by writing to: 2plan wealth management Ltd 3rd Floor, Bridgewater Place, Water Lane, Leeds LS11 5BZ - or by telephone on 0113 3021369.

You may also be able to refer your complaint to the Financial Ombudsman Service. Their contact details are:

The Financial Ombudsman Service, Exchange Tower, London E14 9SR. Tel: 0800 023 4567.

http://www.financial-ombudsman.org.uk