It’s been a whirlwind since I disembarked from the good ship Arcadia and the PIMS conference back in May. Having 72 introductory meetings at the event means I’m now travelling the length and breadth of Britain having follow-up meetings with potential adviser partners.
And then there’s Brexit. The aftermath of the vote is naturally causing uncertainty among advisers but business life goes on pretty much as usual, regardless of the political turmoil.
I’m pleased to report that our existing adviser partners are finding the work they’ve done with clients using our Wealth Explorer tools is paying dividends in terms of calming nerves and reducing knee jerk reactions linked to their investment strategies during this period.
Because it uses behavioural finance, Wealth Explorer’s Financial Personality Assessment tool lets advisers and clients get a much deeper understanding of a client’s financial personality beyond simply risk tolerance. It’s designed to enhance an adviser’s ability to “read” a client and aims to pre-empt behaviour that leads to clients running for the hills at times of high volatility.
The investment team here are also doing their bit to calm nerves. Our portfolios are extremely well diversified and are being actively managed to mitigate the roller-coaster post-Brexit ride.
With no politician able to give any firm answers about what the future might hold for Britain and the ramifications of the nation leaving the EU sending shock waves around the world, it’s a challenging time for everyone involved with investments. Despite all this, the whole PortfolioMetrix team remains optimistic that our adviser partners and their clients will weather this, and other storms, that whip up over the coming months. In the words of the late, great Bob Marley, “You never know how strong you are until being strong is the only choice you have.” Wise words.