Resolute to a Financial Review

Our Weekly Column

Happy New Year! As the memories of 2018 fade into the distance, our thoughts turn to what is to come in 2019. The markets have been volatile over the past year as a result of the Brexit complications with the FTSE All Share index falling by over 14% from its highest point in May, compared to its lowest point in December. We have also seen the bubble burst for the over hyped Bitcoin falling over 74% over the twelve month period. Whilst the markets have fallen (which is the nature of stock market linked investments), it is not all doom and gloom as the lower prices enable investors to buy in at a more competitive price and will hopefully reap the returns when the markets recover. However, we will have to wait and see what’s in store for 2019.

Huge Boost For Local Wealth Manager

Philip’s Comments

Leading North Devon Wealth Manager and Independent Financial Advisory Firm Philip J Milton & Company Plc is delighted to have been appointed to be responsible for managing a further £55Million on behalf of over 1,600 new individual investors. This follows the suspension of the previous London-based investment manager by the Financial Conduct Authority (FCA) in early December. Whilst the Firm was not looking specifically at this stage to increase its responsibilities in this direction, it was contacted in view of its connections, stability, trust and reputation over the thirty-three years of the Firm’s existence.

London Property

Philip’s Comments

Still, this may cheer you all little. An interesting article in the Remain-focused Financial Times on 6 December noted that a strong focus on office space was confounding the pessimists. It refers to the old BT HQ where the incumbent buyer will have very significant costs of refurbishment to find when the present occupant vacates in the next three years. Priced at £200million, there were more than ten bidders with several well over the asking price and many from overseas’ climes and those looking through the short-term uncertainties from ‘Brexit’.