Update – Going that extra mile….Firstly, as many of you know, we have been very busy carrying out personal telephone call contact with clients, providing information in relation to valuations, market views and endeavoring to assure our clients with our results but, most importantly, ensuring that the investments and pensions remain suitably positioned. Adding Value
The process of Risk Evaluation carried out over many years has provided suitable outcomes to all that we have held telephone meetings with to this point, which is comforting to all. Naturally, investors develop a level of concern, some more than others – sometimes leading to panic, given the extent of the crisis, which is why it is essential to be suitably positioned in respect of your personal investment objectives, risk tolerance and risk capacity to suffer capital losses in extremely volatile times. We fully expect investment markets to continue suffering volatility, even if a vaccine is confirmed, as the economic outcome with business failures is developing. In the not too distant future, the Brexit agenda will become a further point of discussion, along with matters such as the US election. Corporate America will have concerns about tax increases so we must all be mindful of the ‘Investment worry’ timelines – this is without considering any second spike developments. Taking on the task of making personal contact with investors that we provide advice services to enables the gathering of the risk psychology of investors, where the recent market lows are fresh in the minds of investors. No one can predict investment market outcomes – which is why it is essential that we carry out a periodic review at this time of the crisis. We certainly fee that it adds huge value and reinforces that our clients can call us, sometimes to gather assurance and comfort, sometimes to discuss their changing needs and reposition. (It has provided the essential need to reiterate that clients must inform us of the need for change as we cannot read the minds of investors, so teamwork is imperative. We are your financial/investment consultants and work as a team player, maybe best described as a Coach/Manager – within the team – which is your portfolio). Our clients, through years of reviews and communication, actually know the risk position they are holding, which is assuring to know, for investor and us as advisers. We manage the risk spectrum for our clients – generally from lower risk 20/30% equity holding to full Global Equities – so the review enables broader thinking to be considered, such as: If and when investment markets change, should I consider a reposition? We have taken this contact time to assure all that we are here to help – living and breathing the Investment Markets and our clients’ personal needs. We honestly want to support the needs of our clients as much as possible so get in touch if you have a question or need for change moving forward. A month is a long time with the investment market presently! EffortWe have a couple more weeks to go, carrying out as many reviews as we can so please bear with us, if we have not spoken as yet… we will make contact as soon as we can, working through in alphabetical order so to be transparent. Of course, if you have a need to speak more urgently, simply make contact and we will do all we can to support you.
So, the message is……. If you have an advice concern or require clarification – get in touch. We don’t know your personal needs – unless you express any changes to us…. Good news Investors who have taken the long-term view and invested during the market lows (to this point) have experienced positive returns. An example of the Secondary Market Valuations that I looked at on Wednesday confirmed healthy gains for Tempo’s Issue 12 ISIN Code The Long Growth Accelerator 2 was showing an offer price of 139.45p in the £1 so a gain of 39.45% (at that point) Selling would be at a Bid Price so 138.45p The Long Kick Out 3 had a coupon of 20.5% and is already showing 124.80p therefore a gain of 24.80% Suitability Advice We are extremely confident that the advice we provide is ‘suitable’ for our clients, it is always essential for investors to consider shorter term liquidity needs, their risk tolerance, goals and aims (needs) and risk capacity when investing. We will continue to present products for consideration to our clients. You must remember that it is the advice – both initially and ongoing, that is essential in our view. We look forward to catching up with our clients in the flesh at a point when it is safe to do so. For now, we will do all we can over the telephone and digitally/electronically. We assure you of our focused attention. Best of health to you and yours. Richard and the Best Price FS Team |
