Coffey Financial Consulting plans for the next 10 years in business

Posted on: 9th March, 2015

Category: Features

Contributor: Sheila Mullins

Last month Coffey Financial Consulting held an open day to celebrate both 10 years in business and the opening of its new office in Harte’s Courtyard, on Clonakilty’s Casement Street. Tim Coffey speaks to Sheila Mullins about how he is seeing a recovery from the financial crisis of the last eight years, as people now have the confidence to plan for a secure future.


After a decade in business, Tim Coffey has seen highs and lows, “very few businesses escaped the crash and financial brokers were no different. Fear led to people being wary of making long-term decisions but I now see a lot more confidence in my clients. We’ve been really busy for the last 12 months with lump sum investments. Falling interest rates, increased DIRT tax and PRSI on deposit interest has people realising their money is not holding its value in a deposit account. There are really good options available, which still offer investors full capital protection.”

“Pension Planning had also dropped down people’s priority list but they now have more confidence in their income, allowing them to plan for their future.”

Coffey Financial Consulting’s aim is not product selling but providing service to its clients – establishing a relationship that looks after their long-term need, as their circumstances change. These services include personal financial planning, life cover, serious illness cover, income protection, savings, investments, deposits, pensions, wealth/portfolio management, and inheritance tax planning and trust advice.

“People now realise the value of keeping their banking and financial planning needs separate. Our role as a financial broker is to be impartial; to search the market for suitable options for each individual client, be it for the purpose of investment, pension or protection.”

Protection is something that people can put on the long finger, but should something unexpected happen, being under protected can cause a lot of hardship and heartache for those left behind. Individuals can protect themselves and their families with proper life cover, income protection or serious illness cover, but businesses also need to think about what would happen should one of the principles become seriously ill or pass away.

“Succession planning for a business is vital to protect both the business and the deceased partner’s family, especially those families whose income was dependent on that business. It’s an area where we find people have been under-advised and are unaware of the simple and non-expensive options available.”

Even if you feel you have enough cover, it is worth making an appointment for a review with Coffey Financial as costs can be reduced by getting the most competitive rates in the market and using products which have tax relief, where possible.

Tying in with protection is inheritance tax planning, “Reduced inheritance tax thresholds in recent years means appropriate advice in terms of estate planning and investment trusts is important if your wishes are to be effectively carried out,” says Tim.

Assisting Tim is his office manager (and sister-in-law) Maeve McCarthy, who for the past nine years has been responsible for the day-to-day operation of the office, including co-ordinating meetings, setting up client’s investment, pension and life policies and updating existing client reviews. Maeve has acquired huge experience in all areas of financial planning and is currently completing her Qualified Financial Advisor exams.

A native of Ballinascarthy, Tim Coffey was a student at Farranferris and UCC before he began his career in FDC Financial Services, where he became Regional Manager in Limerick before returning to West Cork in 2005 to establish Coffey Financial Consulting. The Coffey’s are a well-known local family (Tim’s brother Pat has a veterinary practice just two doors down from his new office) and Tim had always planned to return home.

Many friends and loyal clients joined Tim, his wife Susan and Maeve for the official opening of their new office on February 6, with official duties performed by Cork Footballer Thomas Clancy, which was no surprise as Tim and Susan, who hails from Waterfall, have a long association with the GAA. Representing Cork in both hurling and football, Tim won an All Ireland Minor Football medal in 1993, whilst Susan received many honours during her years playing Junior Camogie. The couple are now involved in coaching underage teams at Clonakilty GAA, including their own children, son Ben and daughter Nyah. Their youngest son Mattie is eager to join in the family pastime as soon as he’s old enough.

There is no charge on initial consultations so seize the day and book a consultation with Coffey Financial on 023 8859888 or email You can also find further information at

Latest News Articles:

Sam Maguire School Tour launched
Fundraising drive to get Kinsale students to World Robotics Championships to Kentucky
Answer the Call to save lives on March 23
Clonakilty students return from trip of a lifetime to rural Malawi
Clonakilty Fairtrade Fortnight celebrates 15 years
€44 million to improve Cork roads
Clonakilty Access Group AGM hears of many frustrations and challenges for people with disabilities in the town
Schull student scoops top invention award at BT Young Scientist
Schull Garda Station wins ‘Leading Light in Road Safety’ award from Road Safety Authority
Go quackers at the 2018 West Cork Bird Race

Join us on Facebook


This Saturday the 10th March, will see some magically curious activity as local Bandon national schools compete in a Wizarding Harry Potter Quiz. The prize will be the beautiful Bandon Banshee Perpetual Cup.

As any Harry Potter enthusiast knows, Bandon has the unique honour of having a character named after the town. The Bandon Banshee, was referred to as the nemesis of Gilderoy Lockhart in the Chamber of Secrets. The book grossed €60 million in sales and was the 7th highest earning film of all time.

Locals, looking to enhance the town for young people, saw the quiz as an ideal way promote the connection. The universally absorbing book series brings young readers on a huge adventure of magic, adversity and triumph. It is also an exploration of loyalty and friendship, good and evil – so it is not only popular way to engage young people, it is a hugely positive connection.

Zoe Tennyson, one of the organisers said they were delighted with the response from schools who ran a qualifying quiz as part of World Book Day. On Saturday Bandon Town Hall will be transformed into Hogwarts Great Hall, with proceeds going Bandon Playground Group, and to cover costs of the event.

Bandon Books will be rewarding the winning team with vouchers to each of the five members. The Bandon Banshee, or Bean-sidhe na Bandaan Perpetual Cup will be hotly contested – but which school will the Banshee go to??

If you have any questions please call Marguerite McQuaid on 087 900 9494
... See MoreSee Less

8th March, 2018  ·  

Ballineen Foróige Young Engineers Exhibition 23 February 2018

The inaugural Ballineen Foróige Young Engineers Exhibition will take place in Gort Mhuire Hall in Ballineen this Friday 23rd February. As part of Engineers Week 2018, leaders and members of Ballineen Foróige Club have organised an exhibition which will showcase a diverse and exciting range of engineering projects that have been undertaken by members of the club over the last few weeks, with the aid of leaders and a number of local engineers.

With the aid of local pharmaceutical company Eli Lilly, along with the support of STEAM Education, a UCC based company focused on promoting science, technology, engineering, arts, and maths subjects in primary schools, Ballineen Foróige has been engaging members and leaders in all things engineering over the last six weeks. From researching, designing, and prototyping a project based on local problems, to participating in various workshops on coding and careers in engineering, Ballineen Foróige have been extremely busy in preparation for the exhibition this coming Friday night.

On the night itself, Michael Loftus, Head of Engineering at CIT, Fintan Goold, Manager at Eli Lilly and All-Ireland Cork winning Footballer, along with Geraldine Coughlan of GCA Architects & Designers, a local business, will act as judges on the night, evaluating the different engineering projects and offering some advice to the members of the club. Also in attendance will be the CEO of Foróige Seán Campbell, along with a number of local councillors, TD’s and Senators.

Leading the team of Ballineen Foróige leaders organising the event, is Rebecca Dwyer, a bioprocess engineer at Eli Lilly. Rebecca recently became a leader in the club and says that Ballineen Foróige Young Engineer Exhibition 2018 “promises to be a fun, challenging and rewarding experience for all involved and we look forward to welcoming parents, relatives, friends and members of the public to the exhibition and film screening on the evening of Friday 23rd February.” Overall, there are twelve projects entered in the exhibition. One project, led by Cian Kennefick and Charlie Nolan, members of the starting out club, examines the possibility of installing speed ramps on the road near local primary school. Fourteen-year-old Charlie says he got involved in the project as it was something to do and it gets you thinking. Cian says the most exciting part of the project was the building of the prototypes.

Both Cian and Charlie, along with thirty other members of the club will display their projects this coming Friday 23 February in Gort Mhuire Hall in Ballineen. Doors open at 8pm and the event runs until 10pm. All are welcome to attend, and admission is free. Catering, including tea and coffee, will be provided on the night.
... See MoreSee Less

20th February, 2018  ·  

Did you know..... ... See MoreSee Less

Main course

17th February, 2018  ·  

Check out this new upbeat indie-folk track Edges, released today from Inni-K with a video by Myles O'Reilly. Inni-K will be performing at Levis’, Ballydehob on Saturday 24th February, with support from Sam Clague.
... See MoreSee Less

16th February, 2018  ·  

Jump to: