Safe haven equities are being sought despite summer
There is no denying that the world continues to feel like it is in a precarious place and so it is no real surprise that we are hearing more and more from users seeking advice on what might be safe haven equities. Despite the time-honoured device that investors should go away in May and come back (to the markets) only once St Leger Day has passed in September, many do indeed want to move off the side-lines and put undeployed funds to work right now.
A lot of these individuals are wondering if the FAANG stocks (Facebook/Meta, Amazon, Apple, Netflix and Google/Alphabet) may in fact be the best bet as governments around the world groan with debt and such companies seeming resilient. After all, the FAANG index was up 50% earlier in the year.
There certainly is a case for seeking safe haven in some technology equities, but we would also advice taking highly specialist advice on the technology sector (and any others you are interested in) before making any serious investment calls
There certainly is a case for seeking safe haven in some technology equities, but we would also advice taking highly specialist advice on the technology sector (and any others you are interested in) before making any serious investment calls. Change, particularly around Artificial Intelligence is changing the technology landscape almost day to day.
You should also be aware of the dangers of skewing your portfolio too much towards one market or sector. Proper diversification is key to both maximising returns and minimising risks.
Chatbots are causing real consternation
Service standards have once again become a real priority for those High Net Worth Individuals coming to us to seek new wealth managers. Readers may well have seen coverage in the financial pages details clients’ outrage over some providers installing controversial chatbot service desks, which have reportedly resulted in lost trading opportunities and, of course, deep frustration.
While we know that AI technology is revolutionising the world, and most of us will be familiar with chatbots by now, we are of the view that those paying for a premium service should really get just that. If a firm’s technological provision really is gold standard then that is one matter; on the other, sub-service provision really isn’t what clients sign up and pay a premium for.
While we know that AI technology is revolutionising the world, and most of us will be familiar with chatbots by now, we are of the view that those paying for a premium service should really get just that
We know from our years of working with the wealth manager institutions on our panel that they really do lead the way on client service standards and when we match individuals with wealth managers, we can be confident that they will be pleased. Why not get started on your wealth management search with us and see how good service can be?
There is widespread uncertainty over wealth thresholds
The go-live of new Consumer Duty Rules has ramped up media coverage on the UK’s wealth management sector, and this has inadvertently highlighted what is often real friction point for those seeking wealth management advice – and one that we make solving a real mission of ours.
That friction point is the simple question of how much money one has to have to be served by each individual wealth manager. Many of the wealth manager lists published in the financial pages detail institutions asking for anything from £50,000 to those asking for £1m in investable assets, and we’ve had a number of enquiries asking for some cut through here.
We know how difficult it can be to navigate the diverse UK wealth management market, and knowing that you are choosing from a selection where each one serves clients just like you can be very reassuring
We know how difficult it can be to navigate the diverse UK wealth management market, and knowing that you are choosing from a selection where each one serves clients just like you can be very reassuring. Take our wealth manager matching questionnaire and you can filter the market fast and free.
Take the time to improve your financial future
The summer is a really good time to reconsider your wealth management options, whether you are seeking better service or performance, reduced fees, or to start a professional advisory relationship for the first time.
Meeting your best-matched wealth managers is fast and free through our unbiased matching service. Alternatively, speak to our expert team about what you could achieve with professional advice, with no obligation at all.
The investment strategy and financial planning explanations of this piece are for informational purposes only, may represent only one view, and are not intended in any way as financial or investment advice. Any comment on specific securities should not be interpreted as investment research or advice, solicitation or recommendations to buy or sell a particular security.
We always advise consultation with a professional before making any investment and financial planning decisions.
Always remember that investing involves risk and the value of investments may fall as well as rise. Past performance should not be seen as a guarantee of future returns.