Cormac O'Toole FPFS, LLB

Restricted - Whole of Market  True Potential Wealth Management, Belfast, County down, BT95GY
First meeting at adviser's own cost
Cormac O'Toole - True Potential Wealth Manager I have 25 years industry experience including 22 years as an adviser. I am a Chartered Financial Planner and a Fellow of the Personal Finance Society
We can advise you on
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Annuity purchase
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Pension consolidation
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Pension drawdown
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Pensions & divorce
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Pensions & retirement planning
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Pensions review
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Pensions transfer
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SIPPs
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Stakeholder
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Wealth management
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Ethical investments
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ISA / Unit Trusts / OEICs
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Investing for income
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Investment trusts
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OEICs
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Offshore investments
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Socially responsible investments
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Unit trusts
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Lump sum
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Regular savings
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Savings for children
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School fees planning
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Critical illness
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Healthcare
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Income protection insurance
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Life insurance
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Capital gains tax
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Estate planning
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Income tax
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Taxation planning
Response rating
9.3/10
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FCA authorised
Last authorised 6th July 2020
Meet our advisers
Cormac O'Toole FPFS, LLB
True Potential Wealth Management. An award winning firm of financial advisers, Cormac is a Chartered Financial Planner, Fellow of the Personal Finance Society.

To achieve the Associateship grade, individuals would be required to have 6 AFPC (Diploma) units or equivalent. This shows a commitment to continuous professional development.

This examination assesses the candidate to develop in depth financial planning skills related to personal and corporate pensions.

This examination enhanced general pension knowledge, particularly in pension transfers and opt-out business.

This examination assesses the candidate to develop in depth financial planning skills related to investments and the management of investment portfolios.

This examination assesses the candidate to develop in depth financial planning skills related to personal tax and trusts.

This examination assessed knowledge and understanding of income generating options and applying the knowledge to retirement planning situations.

This examination assessed knowledge and understanding of the range of investments available for planning of pensions and to be able to apply the construction of a pension portfolio management for a client.

This examination assessed the knowledge and understanding of economic factors that affect risk from different investments, product features and regulatory framework of retail investments, taxation liabilities and portfolio planning.

At the end of this unit, candidates should be able to demonstrate an understanding of the: process of decumulating pension funds and the main issues for clients and advisers; main choices facing members of pensions schemes during decumulation; features, risks and tax treatment of the secured pension option; features, risks and tax treatment of the unsecured pension option; features, risks and tax treatment of phased retirement; features, risks and tax treatment of the alternatively secured pension option.

At the end of this unit, candidates should be able to demonstrate an understanding of the: main tax and legal frameworks that govern the accumulation phase of building up retirement benefits under registered pension schemes; features of defined contribution and defined benefit pensions; choices faced by early leavers and use of transfer value analysis; State retirement benefits available, including the risks and suitability of contracting out of the State Second Pension.

At the end of this unit, candidates should be able to demonstrate an understanding of: the basic structure of the tax system and self-assessment; the main taxes on income and capital that may be charged on individuals, the self-assessment system and how tax liabilities are computed; impact of residence and domicile on an individuals liability to UK tax.

At the end of this unit, candidates should be able to demonstrate an understanding of the: legal principles associated with the creation and management of a trust; main types of trusts that are common in the UK; taxation considerations relevant to trusts.

Accreditations
Chartered Financial Planner
What our clients say
Cormac gave me superb, timely financial advice in a friendly, knowledgeable manner. Nothing I asked was too much trouble. I would be happy to recommend him. (May, 2020)
J. Hamilton, Belfast
Cormac has been a great support from the first point of contact, taking interest in me as a person and giving sound guidance and advice. He has given clear direction and taken time to explain any queries I had-Final Salary Pension Transfer Advice May 2020
R. McDonald, Belfast
About us

True Potential LLP Wealth Management is an award winning firm of financial advisers. Please contact me to discuss any area of the financial planning process.

Our services

I will take time to get to know you as my client and will build a tax efficient financial plan for your future.
I believe that as a Wealth Management Partner I am able to fulfil your needs with access to world class partners, together with award winning technology which includes our world first “Impulse Save” facility to increase your investments and provide 24/7 online access to your portfolio, enabling you to remain informed and confident. A Regulated Occupational Pension Transfer advice service is also available to clients. True Potential's technology has been so valuable to clients during the uncertainty of the Covid pandemic in 2020 as client sites and the True Potential service standards have functioned as normal which is very reassuring during this time of uncertainty.

Where to find us
Head office address: True Potential Wealth Management, 5th Floor River House, 48-60 High Street, Belfast, BT1 2BE
Preferred clients
Minimum wealth (income/assets)
£0
Minimum pension value
£0
Minimum mortgage value
£0
Advice methods
  • phoneButton
    Telephone
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    Online (Live chat, video, email)
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    Face to face
Response rating
9.3/10
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FCA authorised
Last authorised 6th July 2020

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