When it was introduced in 2006, the Lifetime Allowance (LTA) limit was only supposed to affect a very small number of pension investors. That it now raises £110m a year for HMRC, affects over 2,400 people and is rising at an eyewatering rate may encourage you to check your own pension provision.
When I took my son along to his football practice last week, my daughter asked if she could join the team, this was the same when we went to Jujitsu the week after. Thankfully, there are lots of young girls keen to start playing football, which bodes well for the future of the sport. However, there is a shortage of female coaches for both sports. It got me thinking about the lack of female financial advisers within my own profession.
At Raymond James Ribble Valley, we provide bespoke financial planning and investment management for our clients, who are largely based throughout Lancashire. We have a team of 17 people working in specialist roles, based in Longridge, to help our clients meet their financial objectives and life goals.
Head of Branch Investment Paul Gavaghan meets with Sarah Varley to explain how Raymond James Investments in Longridge are providing a truly bespoke service.
Sarah Varley meets Raymond James Investment Services’ branch principal Wayne Hayhurst to find out how they are helping people meet their financial objectives and life goals in a very bespoke way. Photography: Phil Garlington
In the heart of Longridge, situated in the old NatWest bank building on the high street, Raymond James Investment Services offers a range of services and capabilities normally only found in big cities.
We provide high quality, face-to-face, independent advice for individuals and businesses. Having a wide range of experts here in branch allows us to help clients meet their financial objectives and life goals. We help clients grow their wealth, live off their wealth, and pass on their wealth to loved ones. Our key service areas are savings and investments, pensions and SIPPs, tax-efficient retirement income, stockbroking and estate planning.
Our team of 17 in-house specialists enable us to provide bespoke solutions to match our clients’ individual financial objectives and circumstances. The specialist roles include:
We are able to offer the financial strength, infrastructure and resources of a large multinational financial services company, but with the personable, quality service of an owner managed, local business.
Being regulated and authorised through Raymond James, we have access to world class systems and research and the financial strength of a global powerhouse. Raymond James UK manage around £10 billion of client assets, whilst the parent company, Raymond James Financial manage around $725 billion globally and have over three million client accounts.
We are financial planners, wealth managers, stockbrokers and have discretionary fund management permissions, with all this expertise based in Longridge.
We don’t subcontract out to other service providers or companies – we have the capabilities, resources and expertise to do everything in-branch.
This allows our clients to deal face-to-face with specific specialists and strips out layers of costs as clients aren’t paying several different companies for the solution they receive.
Our financial planning and investment proposition is specifically geared up for business owners and individuals with busy or complicated lives or financial arrangements. Due to our bespoke nature, the typical initial investment is from £250,000 to upwards of £20 million. n For all your financial planning, get in touch with the team at Raymond James today
Financial markets are always a three-dimensional jigsaw, with new pieces being added and deleted at whim every business day. But the signals from the last month have been especially difficult to discern. In contrast to the bounce back second quarter, July was a negative month for pan-European markets with the U.K. continuing to lag.
We maintain our belief in the ‘American Dream’ as described by James Truslow Adams, that “life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement,” regardless of social class or circumstances of birth. We not only acknowledge but embrace that we have work to do as a society, and hope that this year will serve as an inflection point as we advance toward a stronger and more united world.
Over three hundred and fifty years ago, back in 1665, Isaac Newton socially distanced himself from the horrors of the then rampant bubonic plague and – away from his burgeoning academic career at Trinity College in Cambridge – enjoyed a ‘year of wonders’ at his childhood home. During this period he formulated a theory of universal gravitation, explored optics and discovered differential and integral calculus.
The COVID-19 outbreak has led to unprecedented volatility and tremendous declines in wealth, but we have faith that once the pandemic is defeated, the wild swings in the financial markets will abate and prosperity will return. But what cannot be so easily recovered is the loss of a job, the loss of a business, or, worst of all, the loss of a loved one. While it is our duty to provide timely market insights, please know that now, more than ever, the health and safety of you and your families is at the forefront of our minds.
It can be unsettling for investors when their portfolios and the markets start heading into the red. Here are six investing basics to keep in mind during volatile times.