2mtrust are a Chartered Financial Planning Practice

2mtrust Team Photo 2023 - Financial Services Practice - Part of The Openwork Partnership

ADVISING FAMILIES

2mtrust are a Financial Services Practice - advising families across the UK on all aspects of financial planning

It is normal for us to advise multiple generations of the same family as each age group has different needs

Our clients regularly recommend that both their parents and their children should use us for their own financial planning advice

OUR WORK FAMILY

We have a strong team of licensed Financial Advisers

We couldn’t give the advice we give if we didn’t have a great support team giving us the administrative help that we need

Our Paraplanners are the people who work alongside our Financial Planners

We regard our whole team of people as our “work family” – every member of our work family is needed to perform their role in order that we can deliver our overall client service

We look after and we look out for each other on a day by day basis and treat each as brothers and sisters – creating a family atmosphere at work is important in ensuring that everyone feels that their contribution is not only needed – but appreciated and valued

2mtrust FINANCIAL ADVISERS

Our Financial Advisers enjoy working closely with our clients – we need to understand a lot of practical details – but we also work to ensure we understand their goals and desires – we need to know how their family interact and their dreams and ambitions

We cannot always achieve everything that our clients would like to achieve – but we are often able to turn a client’s top priority into reality – our advisers have the knowledge about what is possible – and then have the determination to make it happen

Sometimes our clients want to buy a dream home – our Advisers always try everything possible to make it happen

Sometimes our clients want to be able to retire – our Advisers always try to re-position their finances to make it happen

Because financial advice is an intimate professional relationship we work together with clients over many years with all of life’s ups and downs – we feel privileged when we are involved in helping a client coping with loss or celebrating success

When our clients experience financial difficulties – they turn to us for advice

When our clients experience financial opportunity – they turn to us for advice

Our client meetings are a mixture of meeting in person and video meetings – we always seek to deliver a personal service in a way that is relevant and effective – as well as considering sustainability

2mtrust PARAPLANNERS

Our Paraplanners are usually behind the scenes - working hard to deliver on the advice and proposals given by the Advisers. Working directly alongside the Advisers, they have the mammoth tasks of the on-going chasing of product providers, data collection, documentation and ongoing communication with clients to ensure everyone is up-to-speed and cared for. If you have a question about your case, the Paraplanners can usually answer it. They know their stuff too!

2mtrust SUPPORT TEAM

The rest of the support team help with vital operations to keep everything running smoothly

We’ve gone Digital!

In 2020 we closed our offices and moved to working from home and working on-line – our team are in daily meetings with each other on a virtual basis – we are no longer geographically confined to one area of the UK but our team are spread across England and Scotland as remote working is normal

More of our team have been able to adapt their work-life balance to suit their families much better

2mtrust Team Photo - PFS Conference 2023

FAMILY TIME

Working from home has been great for us but we still love to meet together. That’s why we organise in-person meetings or socials from month to month. You may have seen pictures from our business meetings and socials on our Facebook and LinkedIn pages. We enjoy our time together.

Mark Townson started 2mtrust on his own in 1992 – now we have a whole team of lovely people who make up our work family and we advise thousands of clients around the country

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH REPAYMENTS ON YOUR MORTGAGE

THE VALUE OF INVESTMENTS AND ANY INCOME FROM THEM CAN FALL AS WELL AS RISE AND YOU MAY NOT GET BACK THE ORIGINAL AMOUNT INVESTED

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Approved by The Openwork Partnership on 13/12/2023

One wet and windy evening, Alex and Megan decided to take advantage of their newborn, Ellie, falling asleep in her moses basket by getting an early night. Picking up the basket from its regular spot in front of the fireplace, they crept upstairs. No sooner had they settled in bed when they heard a massive crash from the living room. They ran back downstairs to find a pile of rubble in the exact spot Ellie had been sleeping just minutes earlier.

Aware the incident could have been much worse, the couple were still left with an enormous mess to sort out. High winds had caused the inside of the chimney to collapse. However, Alex and Megan’s home insurance provider refused to pay for the structural damage because, according to their terms and conditions, the wind hadn’t been strong enough to constitute a storm. They also refused to replace the living room carpet because the couple’s contents insurance didn’t include accidental damage cover.

So, what can you do to make sure your home insurance provides you with the protection you’d expect when the unexpected happens?

Let’s start at the beginning - what exactly is home insurance?

Home insurance financially protects your home against damage or theft but is typically split into two parts – buildings and contents.

Buildings insurance – this covers the building itself, including walls, floors, doors, windows and the roof. It also covers permanent fixtures such as baths, toilets, fitted kitchens and even wallpaper.

Contents insurance – This typically covers anything that can be taken with you if you move e.g. kitchen appliances, furniture and valuables.

The Openwork Partnership - SmartHub Blog - Home Insurance Explained 2023

Not all home insurance is equal

As Alex and Megan discovered to their cost, not all home insurance is equal. Although tempting to simply go with the cheapest option, it’s always best to check the details of any policy you’re considering seeing exactly what’s included. For example, some buildings insurance covers garages, greenhouses and garden sheds but some policies don’t.

It's also a good idea to check for exclusions. You may find some insurers won’t pay out for anything considered to be the result of general wear and tear or damage that happens over time, such as damp or rot.

Meanwhile, contents insurance generally has a single-item limit, meaning high-value possessions may need to be named separately. You may also have to pay extra to cover belongings when they are taken outside your home.

Add Ons

There are also certain add ons that are worth thinking about to provide a way to get cover without paying for a more expensive policy with features you may not need. These include:

Do you really need home insurance?

Homeowners – although buildings insurance isn’t a legal requirement, most mortgage lenders insist on it. No one is going to force you to buy contents insurance but it can provide valuable peace of mind and combining it with your buildings insurance may save you money.

Renters – you don’t need to worry about buildings insurance – this is your landlord’s responsibility. However, contents insurance may be a sensible idea.

Speak to a professional

Your home is probably your most valuable possession, and you’ll want to make sure it’s protected. Whether you want a combined building and contents insurance policy or separate ones, we’re here to help.

Approved by The Openwork Partnership on 16/03/2023.

Key takeaways:

What’s covered by home insurance varies from policy to policy, so you should check what’s included before making a purchase.
Check the terms and conditions for any exclusions to make sure you’re getting the cover you need.
Read reviews before choosing an insurance provider – good customer service can be just as important as cost.

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2mtrust is part of The Openwork Partnership. This blog was written exclusively for Partner Firms of The Openwork Partnership - sourced via Smart Hub