Coffey Financial Consulting plans for the next 10 years in business

Tim Coffey1

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:

Global Shares to create 80 new jobs
Ford 100 Fest on Ford family farm to mark 100 years of Ford in Ireland
A Taste of West Cork Food Festival launches delectable programme
Healing with a harp
Plan the perfect wedding day at the Fota Island Resort Wedding Forum
Clutching at straws for Coalition
Lee’s and Nils: West Cork clubs in the city
The walk of a lifetime
West Cork farmers take gold at National Farmer of the Year Awards
Shining success for Union Hall Centra store at 2017 Quality Awards

Join us on Facebook

Dunmanway Historical Association regrets to announce that the talk on Sile na Gig which was to take place on Thursday, 24th August in Atkins hall @ 8:30pm has been cancelled. ... See MoreSee Less

18th August, 2017  ·  

This year Wild Atlantic Tag sponsored by Marine Harvest will take place in Adrigole on Saturday August 5th. All are welcome, whether you are a team entry or an individual looking to join a team. The teams will be divided into two sections, Social & Seriously Social! Please contact Sean (0879568363) or Joey (0879865827) to register. It promises to be great craic with plenty of refreshments available pre and post-match! Fantastic local musician Eoghan McEllhenny will entertain the rugby masses from 4.30pm followed by Peadar O’Callaghan and renowned Natural Gas will round off the night from 9.30pm! ... See MoreSee Less

14th July, 2017  ·  

A woodland walk will take place on the 22nd June at 7pm in Glengarriff Nature Reserve. This is a great opportunity to learn about woodlands, their plants and wildlife and is an opportunity not to be missed. Glengarriff Nature Reserve was designated as a Nature reserve in 1991, and covers over 300 acres in size. It is a beautiful and unique woodlands containing many different habitats and is owned and managed by NPWS primarily for conservation and amenity purposes. The event is led by National Parks Ranger Clare Heardman and has been organised by Cork Nature Network For further information please contact ... See MoreSee Less

19th June, 2017  ·  

Jump to: