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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September 19 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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September 17 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. Read More
August 29 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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August 21 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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July 22 2008 - Investment Commentary
Diversification has been the key to success in investing long term. Whenever equities fell other low correlated asset classes
such as fi xed 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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June 17 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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June 3 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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May 30 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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April 21 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.
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