Our users have met the start of 2024 with a mixture of trepidation and optimism, and with a renewed appreciation for having a professional adviser on hand to address both risks and opportunities.
Bracing for a bumpy 2024
It is difficult to think of a more consequential year in recent history than the one we have just embarked upon. Our recent users have very much seen the need to have a professional adviser in their corners in preparation for whatever 2024 has in store (and I’m sure we’re all feeling it could be literally anything at this point!).
Over the holiday period we’ve heard from a number of users who are new to professional wealth management, but are now taking the plunge due to worries about what political strife and escalating global tensions could do to their financial plans. They recognise that well-informed yet quick investment decisions and prescient wealth planning are going to be more important than ever.
There is great wisdom in a ‘hope for the best, prepare for the worst’ approach, and the benefits of having an adviser dedicated to you in turbulent times are abundantly clear. It’s not all about the downside protection, however. Compelling investment opportunities inevitably emerge even during chaotic periods and your wealth manager will be continually thinking about maximising those too.
DIY-ers turn to the professionals for specialised expertise
The world is changing dramatically in response to scientific and technological leaps across Artificial Intelligence, defence, pharmaceuticals and more, and this in turn making many investors reconsider their prior DIY strategy, in seems.
Over the holidays and into the new year we’ve been hearing from numerous individuals who are looking for professional wealth management advice because they feel they’ve reached the limits of the market knowledge they have (or want to develop). In particular, these users see the applications for AI and the emergence of whole new classes of drugs, like weight-loss injections, as areas of huge opportunity but ones where real expertise is needed to make the right asset allocation and stock-picking calls.
These users see the applications for AI and the emergence of whole new classes of drugs, like weight-loss injections, as areas of huge opportunity but ones where real expertise is needed to make the right asset allocation and stock-picking calls
We couldn’t agree more: reading these highly specialised markets correctly requires the kind of research capabilities that only a professional investment manager can realistically maintain. Even if DIY investors have found success in the past, they usually also find relinquishing the need to research and watch the markets to be a great relief too.
Top Tip
With the best will in the world, it’s easy to miss the beginning of resolutions season and to simply put sorting out financial matters to the back of our minds as life takes over. But there is no better time than now, whether that be early January or indeed any other month of the year.
We may no longer be right at the beginning of the new year, but it’s never too late to harness your resolve and elevate your wealth management plan: simply use our free wealth manager matching service to get started. Taking our questionnaire is a small step which usually leads to our users making great leaps in their financial journey.
Lee Goggin
Co-Founder
Collectibles coverage sparks investor interest
We have recently run pieces on investment grade whisky, diamonds, high-end cars, and coins and we will continue to focus on collectibles since they are making for popular topics among the High Net Worth Individuals who read our output.
While there is clearly a lifestyle element to ‘passion investments’, our recent conversations show investors taking note of collectibles’ return potential too.
A number of banks have been publishing indices for decades now on how different types of passion asset compare on returns, and the numbers are actually very strong indeed. While we always caution investors not to build up too much exposure to collectibles, we can see why the appeal of tangibles is growing at a time of inflation, global uncertainty and so a desire for far greater diversification.
Conversations with a professional wealth manager will help you see just how much you can realistically allocate to tangible investments and how to leverage alternatives generally to improve your risk-return prospects. You may even find in-house expertise in just your area of interest; many institutions have specialist art divisions, for instance.
While we always caution investors not to build up too much exposure to collectibles, we can see why the appeal of tangibles is growing at a time of inflation, global uncertainty and so a desire for far greater diversification
See what real wealth management expertise can do
There is no denying that it is a tough job to manage wealth effectively today, since it is so hard to predict events. What is certain, though, is that the job is made immeasurably easier when it is not just you trying to do it all alone.
It is easy to see how deploying a professional to manage your investment portfolio will have a powerful impact on returns and risk management. What might be harder to grasp at first is just how much more relaxed you will feel to know you are being looked after by a leading adviser.
We can arrange conversations with just such wealth managers fast and free, so simply complete our short questionnaire if you already know which kind of relationship you seek. Alternatively, get in touch for an informal chat so we work out exactly what you need.
Important information
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.
