When markets are volatile using an independent financial adviser can add value

Friday 17 April, 2020

Below Stewart Sims-Handcock, chartered finanical planner in Ringwood, Hampshire reviews why it is important to have a robust financial plan in difficult times.  Our financial planning teams are working from home but can take on new business and do client reviews via video conferencing. For more information email enquiries@lonsdaleservices.co.uk

The uncertainty surrounding the coronavirus outbreak makes it more important than ever to get financial advice and have a robust financial plan, so you can still achieve your current financial goals and have enough savings for your retirement. 

Our Lonsdale Wealth Management financial advisers offer a no charge initial consultation 

Our independent financial advisers offer an initial no charge, no obligation financial consultation so you can discuss your personal financial goals and we can review your financial circumstances.  Our qualified financial planners work from offices in St Albans, Harpenden, Barnet, Ringwood, Ware, Stafford and Leeds / Bradford.

How can an independent financial adviser add value and help you achieve your financial goals during market falls? 

Our independent financial advisers are experienced and have worked in different market conditions.  We always educate our clients when we first meet them and discuss the volatility of equity investments so they understand that there could be periods when their investments fall in value.  

We recommend clients invest over the long-term (more than five years)

We always recommend that clients invest for the long-term, by which we mean longer than a five-year period, as by investing for the long-term you can normally ride out periods of market volatility and stock market falls. 

Historical evidence shows that despite short-term fluctuations over the longer-term equity markets outperformed cash, so if you don’t need your money for many years equity investing could provide you with a higher return over a long-time period. For more information review page 9 of our Beginners Guide to investing, or review Howard Goodship’s article – What are investments and why we should own them.

Is now a good time to invest in equities?

Despite the current uncertainty and the market volatility for a long-term investor who is able to drip-feed money into investments now could be a good time to invest in equity markets.  For more information read – Mark Slobom, IFA, Harpenden – Is it a good time to invest in equity markets?

Using a qualified independent financial adviser can avoid common investment mistakes

Stewart Sims-Handcock, chartered financial planner, Ringwood, Hampshire said:

‘By using an independent financial adviser we can invest your assets in appropriate investment vehicles as we review your risk profile to ensure you don’t take on too much risk in order to achieve your required investment return.  We understand how the investment markets work and can recommend suitable products and ensure you avoid making common investment mistakes.  We recommend that you take financial advice as early as possible but it’s never too late to start investing for the future.’

How using a personalised Lifetime Financial Plan provides confidence in times of market volatility

Stewart Sims-Handcock, chartered financial planner, Ringwood continued:

‘Our independent financial advisers use cashflow planning to review your savings, assets and consider your income and expenditure.  We use this information to set up a personalised Lifetime Financial Plan.  Our financial consultants can offer general investment planning, estate planning, pension planning, tax or protection advice.  We specialise in working with people coming up to retirement or who are managing their retirement income to achieve their financial goals.  We meet our clients regularly and speak to them on the phone to review their financial needs and discuss how their investments are performing. Our clients appreciate these meetings and calls as it gives us chance to explain how their lifetime financial plan is working to achieve their financial goals.  This is especially important when markets are volatile and investment values have fallen.  We always make sure that our clients have enough cash to live on through a market downturn, so they are not forced to sell their investments when they have fallen.  Financial planning can also give clients confidence to make major life changes such as taking a sabbatical or taking early retirement.’

In Summary…

If you would like financial planning advice or you are interested in cashflow planning contact our independent financial advisers, or email enquiries@lonsdaleservices.co.uk

Please note this article does not constitue personalised financial advice.  The Financial Conduct Authority does not regulate Cashflow Modelling, Tax and Estate Planning.  The value of an investment and the income from it could go down as well as up. The return at the end of the investment period is not guaranteed and you may get back less than you originally invested.

 

 

 

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