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NEW Financial Products that offer CAPITAL PROTECTION | Blacktower
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Oct 29, 2024
Christina Brady from @blacktowerfinancialmanagem7049 explains more about their extremely popular range of financial products that offer excellent returns and CAPITAL PROTECTION. For any enquiries contact info@blacktowerfm FAO Christina or get in touch through the website: www.blacktowerfm.com Be sure to Like and Subscribe to our YouTube channel for more insights from BayRadio Spain, and follow us on Social Media: Website: http://www.bayradio.fm/ Facebook: https://www.facebook.com/BayRadioInSpain Instagram: https://www.instagram.com/bayradiospain/
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we specialize in protecting preserving
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and growing your wealth Black Tower
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financial management the team you want
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by your side visit blacktowerfm.com
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talking to Christina Brady from Black
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Tower financial management let's talk
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about Black Tower financial management
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shall we and some of your products now
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some some new products around you
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telling me yeah it's been a very
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difficult time really over the last few
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years when people have come to us and
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they've said look we would like
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something that gives us a return on our
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money but we want it capital protected
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because interest rates were so low there
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was absolutely nothing out there that
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paid anything at all but now things are
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changing and there's some very very good
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products out there that we have that
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offer Capital protection there's one
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which is called a fixed term annuity
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it's run by a company called knighthead
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and they have a three-year fixed
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Sterling deposit which is paying 5.05
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percent what it does is it doesn't pay
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after it pays it out after the end of
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year three you get 5.05 per year for
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three years and then at the end of three
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years you get back your capital and the
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interest it's Capital protected it's
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governed by the Cayman Islands so it's
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not within the EU I have to point out uh
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they've got the Euro one as well which
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is paying 3.75 and they also do dollars
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and that's something you know and the
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minimum deposit is 25
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000 so it's not a huge amount and that's
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something that's fixed and you know what
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you're getting at the end and there's
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some other things that coming out which
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are called income deposit plans there's
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one by Royal Bank of Scotland and what
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it is is it's over five years and what
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you will get is 7.3 per annum
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um if on the observation date which is
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every year the footsie I think this
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one's the footsie yeah here we go let me
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just check uh yeah on the observation
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dates isn't
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um above 120 of the strike rate or lower
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than 80 and if you look back over the
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last five years
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um the footsie hasn't done that you know
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it hasn't on you know on a certain day
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so and it gives you so what happens is
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in the first year it looks on the uh
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observation date and if the index is
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between those levels you get 7.3 put in
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your account if it's not the plan
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continues till next observation date
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they check again you get 7.3 until the
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final observation date which is in five
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years they check again if the underlying
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index whatever that will be is between
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128 and 80 of the strike if it is you
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get 7.3 and you get paid back all your
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Capital so over the five years if you if
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it hit this if it was there every single
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time you know you've got a chance of
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getting 7.3 percent each year which is
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36.5 over five years which isn't a bad
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return
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um and the next one is called a UK in us
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this defensive growth so this is run by
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Barclays okay and this is linked to not
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just the ft is also linked to the s p so
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it's the ftse and SMP
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so what happens is at the end of I think
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it's saying let me just check I think
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this one's three years I was trying to
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remember because I've got quite a few on
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the go at the moment yeah it is three
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years and what happens is at the end of
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the three years if the indices are at or
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above 90 of what they start out with in
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this year so three years from now if
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they're at 90 of that or above that you
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get 21
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so if you put in a hundred thousand
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obviously you get 21 of a hundred
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thousand paid back to you plus your
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hundred thousand okay and these two are
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guaranteed in the UK by the
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fcsc FSC so it's similar to a bank
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account so you've got the guarantee up
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to 85 000 pounds per person so if
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something did happen to Barclays or all
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Bank of Canada and they couldn't pay out
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maturity you've got the guarantee in the
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UK that the government would cover that
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up to 85 000 so that is a really really
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good protection and these are available
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in Sterling only but as I said if you've
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got Euros you have got the other one so
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there are some things out there that are
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actually very very interesting and you
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know I must admit I have invested a
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small amount in in a few of them
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especially the last one I mentioned the
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Barclays one which in three years if the
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ftse and the s p are above 90 of what
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they are now uh then you get 21 at the
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end of three years you know it I feel
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there is a high probability that they
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will be higher and less borrowing a
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complete financial disaster which would
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impact any everything anyway yeah so you
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know for people who are worried and they
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do want the comfort of knowing that
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their capital is protected we can
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actually offer
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very good products to them at the moment
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and most of these products like the ones
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I mentioned these deposit plans and
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these defensive growth deposits they're
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only open for a limited period so the
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first one which is the RBC income
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deposit that's uh is open until
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well I think it is open until it opens
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on the 15th of May certainly opened
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yesterday and I think the deadline for
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closing is the 28th of June so it's got
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quite a long time and the Barclays one
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uh that one again opened on the 8th of
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May which wasn't that long ago and the
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deadline for that is the 25th of June
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1st of June now these have to be done
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directly they can't be done through
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what's called a Spanish tax compliant
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wrapper because they're based out the UK
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and because of we of brexit you can't
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hold UK icing codes within a special
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compliant wrapper but you can hold them
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directly and the one with Barclays that
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is three years obviously you don't need
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to pay any tax any year because you
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don't get any growth at all till the end
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of year three and then obviously you
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declare your 21 and whatever the rate
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was on whatever gain you'd pay at that
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time according to savings taxes so
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there's various things out there the
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fixed term deposit with night head is
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the same you don't have to pay anything
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until end of three years because you
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don't get paid out to the end of three
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years and with the RBC where you get an
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annual growth if you do get the 7.3
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percent you will declare that on your
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tax return and savings income each year
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so they're quite easy to report and
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again you know regarding the Modelo 720
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if you don't put more than 50 000 Euros
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equivalent in and you haven't got any
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other Investments you don't need to
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report it if you do you just report it
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and as long as you report your gain at
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the end it has no implication with it
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going on the model 0720 so they are very
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very good products out there and if
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people are worried I know some people
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are worried about the stability of the
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markets at the moment it is something
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you can hold the RBC and the Barclays
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one in sips so some people that have
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sips with me have decided to transfer
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some of their money into there they're
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on the platform it just gives you a
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little bit more less volatility in your
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portfolio and it and it gives you that
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stability if the markets you know are
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going to be volatile which we expect to
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be for the rest this year and sort of
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into the beginning of next year yeah
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it'll be inventory of interest to uh
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quite a few people I would think as you
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say people are looking for that sort of
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stability it is really one of the
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reasons I am actually rushed off my feet
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at the moment because people are you
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know are very very keen and obviously
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it's really important that when people
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come in you explain to them the pros and
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cons of everything you make sure that
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it's exactly right for them and you find
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the right product for them so it can
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take you know you know quite an amount
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of time
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um to go through it with people but they
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are good products and as I said we did
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have one which is an RBC income deposit
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plan which actually matured you had to
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have your money in by last week and lots
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of people are interested with that and
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because it was so heavily subscribed so
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many people went into it that's why they
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bought out the new one and if things do
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go well what they do is that once
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something does which you know you can't
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put any more money in because you've
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reached that final date for putting your
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money in they will issue a new tranche
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they call it so it's like number two
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number three and it depends on what
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happens with the interest rates if they
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go up it tends to happen that the
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interest rates offered on these products
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go up and also on the fixed term
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um deposits they go up as well only the
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week was it last week just before the
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bank of England announcement the rate on
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Sterling for three years was only 4.9
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it's now 5.05 so you know they do go up
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it's not like we're Banks where you hold
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your money and they don't give you any
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uh growth on your account and even if
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interest rates go up with this fixed
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deposit your rate is fixed for those
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three years so once you fix it a 5.05 if
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rates do continue to go up obviously
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you're fixed at the five percent
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um but for most people that's a damn
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site more than they're getting in their
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bank right well they've speak to
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anyone's interest uh one add to
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Christina's workload and get in touch
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and say you're interested why not send
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me over the edge yeah quiet show well
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you have people working with you of
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course and you can handle it I do but at
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the moment we're just we're like
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treading water out these little ducks we
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were really calm on this
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away furiously quite but um plenty of
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ways to get in touch and the email
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address is the useful one isn't it
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that's info fm.com
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so uh Black Tower fm.com FN stands for
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financial management you can always call
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the office at
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965-05-8212 if we're not there leave a
9:32
message please we will get back to you
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you can always go on to the bay radio
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website where and look under advertisers
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black tariff you click take you through
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to our website which is blacktowerfm.com
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and remember this isn't just off open to
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people who live in Spain it's open to
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all English expats it's open to all
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expats as long as you can speak English
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and read English it's open to all
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nationalities uh you know people in the
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UK can have it people in Spain people in
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France people in Germany people wherever
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it's open to all of you so please you
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know if you're not British don't feel
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that you can't get in touch with us
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because I have lots of clients I have
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Dutch I have Norwegian I have Swedish I
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have Australian New Zealand German so
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we're not just confined to UK expats If
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you have any questions at all please
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don't hesitate to get in touch okay some
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bits of Interest today thank you thanks
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so much for your time as well thank you
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very much for having me meet you in a
10:26
fortnight listening and exceeding
10:28
expectations for over 31 years Black
10:31
Tower financial management a team you
10:33
want by your side visit blacktowerfm.com
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