After spending nearly a decade in high street banking, Sean became more attracted to the one-to-one relationship with clients that financial planning offers, and decided to develop his career in that direction. This has enabled him to deal with individuals over the long term and be able to help them achieve their aspirations.
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The first quarter of 2018 finished in a very different fashion to the one it started in. Recent moves have highlighted uncertainty and brought back volatility that was missing for most of last year.
While these stock market movements were arguably overdue, we believe that they will also be short-lived and that, while elevated levels of movement may be more frequent this year, they will not be here for good. Bond markets also fell over the quarter but many regained their losses by the end of March and the fears over interest rate increases in the US subsided, though these are likely to re-emerge as we move into the summer.
Stock market indices have fallen over the last 24 hours on the widely expected introduction of trade tariffs by the US, mainly directed at China, to come into effect in around a month’s time (after a ‘comment period’), meaning that the uncertainty caused by these moves may be prolonged.
From the details that have emerged, the tariffs will likely affect $50bn worth of imported goods and the proposed tariff level will be 25%, which the White House believe will be sufficient to block trade in the affected areas. The list of specific goods to be targeted will be released early next week but will include aerospace, information communication technology, and machinery. The tariffs themselves will not have a fundamental impact on China (initial estimates show this would affect around 0.25% of China’s GDP), but the larger worry is over the potential escalation of these measures and a descent into a ‘trade war’.
Download our summary of Philip Hammond’s Spring Statement, delivered in March 2018 here:
We are absolutely thrilled to be able to congratulate Siobhan Cordery on the distinction of achieving Fellowship, the highest qualification awarded by the Chartered Insurance Institute (CII). She is the first member of Gibbs Denley Financial Services staff to reach Fellowship level. [click to continue…]
As you may have observed there were significant downward movements in US equities yesterday and markets have opened negatively this morning in most regions. As we have alluded to in recent communications, the threat of a pull-back in stock markets has been hovering over us for some time and the catalyst was one that we had been watching closely. The initial source of worry was the stronger-than-expected US employment and wage growth data at the end of last week. While this sparked concerns of higher inflation and, consequently, more interest rate increases than anticipated, the driver of much of the volatility in markets was largely due to the increased volume of trading in Exchange Traded Funds (ETF) and by high-frequency traders, which exacerbate severe market movements. As ETFs make up nearly 20% of US trading volumes markets can move very quickly on these sort of unusual movements.
Each year, the directors of Gibbs Denley Financial Services invite the staff to nominate a shortlist of charities, and then vote for the charity they wish to support for the year.
2017 has been a phenomenal year for fundraising at Gibbs Denley Financial Services, as together with Gibbs Denley Insurance Services, we have raised a whopping £2,301.63 for our Charity of the Year, Arthur Rank Hospice.
This money was raised throughout the year through a combination of:
- Monthly Dress Down Days
- Internal raffles and a Baby Photo quiz
- Sponsored events, including Star Shine Stroll and the London-Cambridge Bike Ride
- Corporate Christmas Cards – we cut back on the number of cards we sent and donated instead
Arthur Rank Hospice Charity have been our Charity of the Year several times since we first supported them in 2009, and we are thrilled to say that our total fundraising over the years comes to £8,964.96.
A huge congratulations and thank you to all the staff who have taken part throughout the years, and to all the people who have so generously sponsored us.
This year we are launching a new image and style for the discretionary investment management side of our service. As a result of this, you will notice that your Market Review & Outlook has a new look to it. You can also view it as a video, or listen as a podcast, below.
For the second year running we have been positively surprised by the resilience of markets, with near record low levels of volatility across asset classes, as well as indices at or near all-time highs. Although valuations appear lofty, we still see positivity in many areas including Europe, Japan and Asia.
Chris started working for Lloyds Bank in the late 1990s, where he got a taste for learning more about how we should manage our personal finances. He began studying for the Financial Planning Certificate and applied to work at a local office of Standard Life. From there, he soon got his first job at a financial advice firm.
In early 2017, after hearing about Gibbs Denley Financial Services as a company that employees rarely left, he applied for a job across both our Bury St Edmunds and Chelmsford branches. Chris’ expertise lies in more technical areas, such as the use of Trusts and cashflow planning. He also spends a lot of time on retirement advice – one of the most important areas of most peoples financial plans, and one that can require the greatest advice. [click to continue…]