1st December 2009 - Don't bank on an ISA for retirement
A financial adviser has warned savers not to be tempted to replace pensions with ISAs, after spotting the trend among a number of investors.
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1st November 2009 - Recovery to be slow, warns expert celebrating 25 years’ financial advice
Glynn Bartley, Director who has worked through two recessions and is celebrating 25 years in the business,
is warning that recovery from the latest downturn could be slow.
Glynn recently celebrated his 25th anniversary with the firm.
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1st September 2009 - Is The Recession Coming To An End.
This week has seen more mixed news on the economy whilst stock markets have been posting significant gains. The FTSE 100 share index is up almost 40% from its low point reached on 9th March 2009. Similarly, the S & P index in the US is up nearly 50% since its low point. So what has been happening?
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1st July 2009 - Going for Gold.
GOLD is proving a popular choice for wealthy investors looking to beat the effects of the recession, an expert
is reporting.
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1st June 2009 - Market Update.
Contrasting messages from the financial sector and some of the business surveys continue to bemuse
investors. What should we believe?
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7th April 2009 - Taylor Patterson launches cash management scheme.
FINANCIAL services group Taylor Patterson is warning investors to spread their cash across a portfolio of
deposit takers in order to reduce the risk.
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6th April 2009 - G20 summit could bring confidence to business community.
A PRESTON financial expert is hoping that the G20 summit which took place in London recently could
boost the Lancashire economy by injecting some confidence.
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1st March 2009 - Financial planning qualification brings improved service for clients.
TWO staff at Preston-and-Sheffield based financial advisory group, Taylor Patterson, are celebrating passing their Diploma in Financial Planning.
Iwan Probert, paraplanner with the employee benefits division and James Thompson, investment adviser with the wealth management team, have both qualified to use the letters DipPFS after their name, after completing the qualification.
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1st February 2009 - What's in store for 2009.
With crystal balls working overtime the general consensus amongst economic commentators is that the recession will come to an end in the second half of the year. Unemployment will climb up towards the three million mark and house prices are likely to continue to slide downwards as the property market ground to a halt. Following the demise of high street favourites, further casualties will fall by the wayside as more disasterous company results are announced.
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21st January 2009 - 2008 That was the Year that was.
With 2008 now firmly behind us, we can reflect on arguably the most dramatic year in living memory in terms of
a series of tumultuous events for financial institutions, businesses and consumers. The full impact of the credit squeeze led to sharp falls in house prices and rising unemployment with established businesses falling by the wayside.
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20th October 2008 - Taylor Patterson and Client Asset Protection.
Taylor Patterson, as a regulated financial services firm, has certain obligations that must be fulfilled in the handling of client money and client assets. Below are details of how Taylor Patterson meets these reponsibilities.
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17th October 2008 - Investment Update.
Recent events have placed the UK economy in a precarious position and clearly the financial world is changing rapidly.
While there are difficult times ahead it is important to focus on long term objectives and look to history for guidance. We
are currently experiencing a ‘bear’ market that usually precedes an economic slowdown or recession. Recent bear markets
have lasted on average around a year with shares falling 35 per cent from recent highs. The reasons for these events are
often different in nature and, on the current situation, have been likened to everything from the 1970’s oil crisis to the
Great Depression.
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1st October 2008 - Security of Deposits.
For most of your clients, the security of their savings is of great concern, and never more so than in the current banking climate.
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19th September 2008 - Demand For Wealth Management Continues To Grow For Taylor Patterson.
DESPITE the credit crunch, wealthy individuals are still in need of advice on securing a good investment.
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17th September 2008 - Market Commentary In These Uncertain Times.
Markets have continued their volatility in what has been an extraordinary few days. At the time of writing Lloyds TSB are
in advanced talks with HBOS about a possible merger having seen AIG, the embattled insurer, being rescued by up to $85
billion (£48 billion) in loans from the Federal Reserve some hours earlier.
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29th August 2008 - Question & Answer.
| Q. |
I have a sizeable SIPP pension with a leading insurance/pension company, but in light of the ups and downs in the financial markets, I am worried that the company could fail and I'd lose everything. Is there anything I can do? Are there any insurance products I could take out with another company, for example, which maybe equal to the value of the amount I have in case my SIPP provider goes bust? |
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21st August 2008 - £120 million milestone for wealth management division at Taylor Patterson.
THE wealth management division of Preston and Sheffield based financial advisory group, Taylor Patterson, now has an impressive £120 million under management.
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22nd July 2008 - Investment Commentary.
Diversification has been the key to success in investing long term. Whenever equities fell other low correlated asset classes
such as fixed interest and property provided some stability. Alas, not in these markets. Only cash has provided shelter from
the falls in equities and many other asset classes and it is unlikely investors had sufficient cash exposure to make a difference.
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17th June 2008 - In uncertain times, look to emerging economies.
WITH the unstable economy in the UK meaning many investments are performing badly or unpredictably, a Preston based financial adviser has revealed more clients are looking towards Emerging Markets rather than the established Western markets to make money.
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3rd June 2008 - Government needs to do more to encourage savings.
THE Government is not doing enough to encourage savers to put aside money, according to a Preston financial adviser.
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30th May 2008 - Non domicile rules bad for Lancashire business too, claims financial adviser.
TAX rules aimed at wealthy foreign business-people living in the UK could damage Lancashire investment, a financial adviser at Preston-based Taylor Patterson has warned.
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16th May 2008 - Growth in wealth despite economic downturn leads to expansion at Taylor Patterson.
Wealthy individuals continue to look for investment opportunities despite the international credit crunch, according to top Preston financial advisers Taylor Patterson.
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21st April 2008 - Investments performing well despite fears over market place.
SHAREHOLDERS are seeing good return for their investments, despite international fears over the economy, a Preston financial adviser has revealed.
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3rd January 2008 - Commercial Property Funds.
The past few months have been unnerving for investors in commercial property assets, as values have started to fall after a prolonged period of growth.
As uncertainty hit the property sector many funds are experiencing net redemptions especially in the last quarter of 2007. This activity has resulted in revised fund valuations due to both a revised pricing basis and also due to a reduction in the value of the underlying assets. The decline in valuations is not centred on one specific sector nor one geographic area but across all sectors and areas.
In early October, the Royal Institute of Chartered Surveyors (RICS) forecast a 5% fall in commercial property prices this year and next, describing it as a 'short and sharp' adjustment that will force yields up. RICS also cut its annual forecast for next year from 8% to 3%.
We have until now preferred investment into UK property funds which invest predominantly in real 'bricks and mortar' as opposed to the numerous property share funds. These latter funds are historically more volatile and have been severely affected by the recent slow down. The impact on actual bricks and mortar funds has been less severe but further reductions in these funds are expected with some providers imposing notice periods to withdraw cash.
Our approach to this dilemma has been to ensure our portfolios are not excessively exposed to commercial property funds and have sought to reduce holdings to represent a much more underweight position. At the same time we have sought to diversify away from the UK property market in favour of more worldwide exposure.
The majority of the overseas funds have only recently been established and these invest predominantly in property shares rather than 'bricks and mortar'. If they invested in bricks and mortar they would struggle to diversify both geographically and across the various sectors in the same way as an established UK bricks and mortar fund.
Going forward we consider it appropriate to have a balance of both UK (predominantly bricks and mortar) and overseas (predominantly property shares) commercial property funds, with these reflected under the 'commercial property' asset class, rather than split between equities and commercial property.
Analysis continues to suggest that property valuations generally remain attractive in other regions. Investor demand is shifting, looking to deploy capital out of UK assets into the Eurozone and Asia. This reflects two factors, valuations and the demand / supply balance.
Property markets are primarily driven by the underlying economic cycle, and much of Europe and Asia are currently experiencing robust growth, especially in emerging economies. The majority of property markets in these areas are expected to show strong returns going forward. This is the result of further yield compression and in some cases strong, double-digit rental growth. |
