Financial advice Archives - Philip J Milton & Company Plc

Are you losing money to your ‘savings’ account?

Shocking recent figures have shown that more than 250,000 adult cash savings accounts with £10,000 and above deposited in them are earning 1% or less. This is despite a growth in savings rates and relatively high interest rates over the past two years and frankly it shouldn’t still be happening, but it is. We typically aim...

Oil prices and energy concerns

Good afternoon. Along with Mr Felix Milton, I have just returned from an encouraging and helpful conference with ACFA – I have not been for a few years so it was a good and worthwhile event to recharge batteries. We were reminded of the value of the advice and service which a good financial adviser...

Who needs financial advice? Can you afford not to?

There was a timely reminder of the invaluable advisory and guidance interactions we have with so many of our clients when two senior investment professionals noted they too have advisers, when many might assume they ‘can’t need them’. Perhaps we don’t blow our own trumpet enough in reminding clients how valuable our assistance to them...

Interest rates and investment trusts

So the Fed has cut interest rates by a large 0.5%, helping to push Sterling to its highest against the Dollar and Euro since April 2022 (that’s a 23% gain on the Dollar since September 2022 - or a 23% loss on your unhedged US shares and bonds of course). If the Pound retains its...

Don’t become an ‘advice gap’ statistic and lose out

We’ve talked before of the dubious choice of investors trying to ‘go it alone’ and of the value of sound independent advice across all manner of financial needs. So it is worrying that the numbers of people who sought financial advice last year dropped to only 9% apparently, a drop of 18% on the year. Research...

Regulation is well-intended but is it pushing some advisors to the brink?

People do not necessarily consider financial services from the other side of the desk – and of course, why should they? They turn up at the office of an Independent Financial Adviser (IFA) seeking advice and answers for their specific situation. But we thought it might be helpful to share some insights into the effects...

Please think twice and don’t become a scam victim

There is more to being a wealth management service than looking after clients’ pension pots or seeking good investment opportunities on their behalf. Many times over the years we have been in business, we have found that we are a crucial barrier to our clients being scammed. ‘Of course that won’t be me!’ exclaims the reader,...

Two million ‘face debt’ after self-assessment tax returns

An unpleasant surprise often awaits people doing their self-assessment tax return for the first time – and a recent study shows many end up in debt as a result. The self-assessment deadline of January 31 is now past of course, but analysis by Royal London has shown that up to two million people could resort...

Inflation, deflation and market views

US inflation figures are higher than hoped (3.1% v 2.9% expected), jolting the market again and pushing Euro:Sterling to the highest since August 2022 and strengthening the Dollar. Our inflation at 4% was slightly less than expected but we have now entered ‘Recession’ with ‘two quarters of negative growth’ – good in attacking inflation but...

‘Goldilocks’ economy is proving elusive

July saw a ½% slip in our economy, partly to do with the lack of productivity from strikes and partly the weather affecting things like construction. Sterling has been weak too – partly too as a consequence of the expectation that interest rate rises to stem inflation (which is falling dramatically) have come to...

Are you losing money to your ‘savings’ account?

Oil prices and energy concerns

Who needs financial advice? Can you afford not to?

Interest rates and investment trusts

Don’t become an ‘advice gap’ statistic and lose out

Regulation is well-intended but is it pushing some advisors to the brink?

Please think twice and don’t become a scam victim

Two million ‘face debt’ after self-assessment tax returns

Inflation, deflation and market views

‘Goldilocks’ economy is proving elusive

Risk Warning

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Philip J Milton & Company Plc

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