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Philip Hanley

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and Independent
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23/04/2017
An independent (financial adviser's) view

Well, gosh, another election. All the worries in recent fund manager commentaries were over the French and German elections. Now there's something else to fret about. And I don’t mean the Albanian and Norweigan votes, also to come this year.

“What does the early UK general election mean for Brexit?”

According to Lord Jeremy Vine, many plan to treat this election as a second referendum. My guess is that there’ll be plenty, also, who’ll find it too much of a strain to go to the polls twice in the space of a year. Although I am, for the first time ever, a member of a political party, I plan, for the duration of the campaign to be the impartial BBC of the financial adviser world. Honest.

“FTSE gives up 2017 gains as pound resurgent”

Election financial effects so far: your investments are down, your holiday in France will be cheaper:

’The rise in sterling is predicated on the outcome being a stronger UK government, unshackled from some of the budgetary constraints of the previous Conservative manifesto and able to deliver a stronger UK economy,'

In other words, if they (the Conservatives) win, they’ll borrow, tax and spend more to keep the show on the road, pending…who knows what. My glass of Chablis stays, as ever, half-full.

“First-time buyer crisis”

If my job was just about financial stuff, a) it would be very boring and, b) I would have become an actuary, been very boring and earned a lot more money.

What makes it interesting is that people to talk to me. One regularly heard concern is whether their children “will ever get on the property ladder”.

They also worry that "he/she has changed, we never hear from them any more and they seem so serious". That's usually those who are already "on the property ladder". Notice the connection?

We want them to own their own home but do we really want them to have the lifetime of worry that having, or having to pay the mortgage brings? Count your mixed blessings and gather ye rosebuds, I’d say.

“Starbucks says Brexit vote hit UK profits”

You may be able to blame Brexit for many things. Starbucks corporate head is in the proverbial sand, though, if it thinks the EU (or lack of it) is to blame for their falling profits. The competition has caught up, put on its indicators and steamed past, trailing caramel mocha frappachinos in its wake. The lesson of history is that being the original does not make you stay the best.

In other corporate news, some Americans have taken a liking to inedible cereal bars which turn to mush when you add milk. They’ve bought Weetabix, which is, of course, a great, long-standing and internationally recognised brand. The lesson of history is that the new owners will change its name within months.

PS: In other banking news…

A young lad buys a donkey for £100, but when the farmer delivers it, the donkey is dead and the farmer has spent the money.

 "I'll take it anyway and raffle it", says the boy. "You can't raffle a dead donkey", says the farmer. "Yes I can. I just won't tell them it's dead", says the boy.

A month later the farmer meets the boy asks him what happened. "I sold 500 tickets at £2 a ticket" "Didn't anyone complain?” asks the farmer. "Yes", the boy replies "Just the man who won... so I gave him his £2 back". The boy is now an investment banker.

Read More and Comment

17/04/2017
An independent (financial adviser's) view

Prior to flying off for a few anniversary days, I went to my local bank to buy Euros. ‘Where are you going?’ asked the cashier. ‘Rome’, I replied.  ‘Oh. Which country’s that?’ If you’re waiting for Lloyds share price to go up again, don’t hold your breath.

“Brexit to cause 60,000  hospitality job shortage”

90% of the staff in our Roman hotel were Roman (they've obviously moved on in the last 2000 years), including a number of graduate interns. In the UK the numbers are almost exactly reversed. And no graduates, I'd bet

So, depending on your glass-half-empty-or-full view of the world, there'll either be a post-Brexit crisis in our hotels; or plenty of career opportunities for your children and grandchildren. Provided, that is, we can all stop convincing ourselves that we should only ever be upstairs, rather than downstairs at Downton...

“Mortgage fees ban ‘would hit the most vulnerable’”

 ‘If it ain’t broke, don’t fix it’ should be painted on the wall of every minister’s (and regulator’s) office; they’d have it papered over, of course, the minute they moved in.

Currently, lenders pay a fee to mortgage brokers for arranging a loan, which means most don’t charge clients. Believe me, they earn their money, finding a lender, getting funds out on time or helping people out of a financial fix. 

There’s no evidence that business goes one way or another because bigger fees are paid, but still, they’re looking at banning them. Which means you’ll have to pay to get mortgage advice, the banks will trouser the money that would have been paid to the broker and will, quite likely, pick up the extra business from those who can’t or won’t pay someone to shop around for them. Genius.

“Former Barclays traders acquitted”

The last scene of the brilliant ‘The Big Short’ confirms that the number of senior bankers who went to prison after their banks’ collapsed was precisely zero. The blame was shifted firmly downwards; so I’d say the right decision was made in acquitting the Barclays foot soldiers who were supposed to carry the can.

It now looks as though the buck may be pushed back up, all the way to the Bank of England. Watch this space; but don’t hold your breath.

“Banks snub Lifetime Isa”

You can imagine the scene. George Osborne has a light bulb idea: let’s make ISAs like pensions, then one day we can get rid of pensions, which are so damn complicated and expensive to run.

He hands it over to Sir Humphrey and, several committee meetings later, something just as complicated as a pension emerges. The providers, guessing it could disappear in a Budget or two, decide not to spend several £ms on new computer systems to administer it. And so, arrivederci, Lisa.

‘Chablis Galore’

If you want to preview another likely consequence of an independent, EU-member Scotland,  watch the wonderful (1949 original)  'Whisky Galore'.  The post-Brexit remake would find a porous border taking the place of the booze cruise.  The English will then need to build a Trump-style wall or perhaps patch up Hadrian's original. Come to think of it, maybe a couple of Roman legions might help Michael Howard keep those pesky Spaniards out of Gibraltar.

Ciao for now,

Philip

Read More and Comment

02/04/2017
An independent (financial adviser's) view

Off to an EU destination next weekend (while I still can), will be back for a bumper Easter edition…

Article 50: May signs letter that will trigger Brexit

Once upon a time, you spent a long time trying to woo this beautiful, exotic French girl. For years, she (or her Dad) said ‘Non’ but you eventually won her over. Everything was great, then you realised she was actually quite high maintenance. She filled the house with her annoying friends and tried to control your life, so you opted for a very public divorce.

What happens next? Do you spend years arguing over money and the kids, two of whom decide they want to leave home to live with her?  Do you read that divorced men have a shorter life expectancy and higher suicide rate, so decide you have to get out on the singles’ market after too many years? Do you then find that the only ladies interested in older, damaged goods are older and damaged themselves. Will try you to win back your lovely ex, who's now having none of it…

Anyway, hope we all live happily ever after.

Advisers warned of reverse DB transfer risk

There’s been much talk about the dangers of transfers from final salary to personal pensions. Many are offering record amounts to get their liability to pay guaranteed, index-linked pensions off the books so the sums involved can be eye-watering. £600,000 in your account, or £20,000 a year?

But what if the stock market plummets? What if you raid your fund, run out of money and get stuck in Benidorm? You sue your financial adviser, of course.

We’re now being warned of the opposite problem. What if you’re told to stay put, you change your mind and in a year’s time the transfer value’s halved? What if you die a few months after taking your pension and your kids get nothing? You (or they) sue the financial adviser of course.

Cridland clears way for state pension age hike to 70

 ‘Don’t suppose our children will ever be able to retire!, jokes many a client. Well, I think they may be on the money. When the State Pension age was set at 65, only 20% collected it for more than 3 years; now it’s 80%. If it increases to 70, odds are now you’ll get 12 years-worth. Then again, if you have to keep working until you’re 70, you could be so kn_____ed that you’ll still only get 3 years of fun. Maybe those civil servants are earning their keep after all.


Sturgeon sends official letter to May seeking Scottish referendum

You may remember I thought, last time around, that the Scots would have been barking to vote out (of the UK, it's getting confusing, I know). Now I say, go for it, Nicky. Odds are the oil price will go up and give you a nice tax boost. The Pru, Standard Life, Scottish Widows and many a fund manager are based there, so no reason why it couldn’t give Dublin or Frankfurt a run for their money if big players can stay both on the mainland and in the EU. And, if they follow the Irish, anyone with a Scots parent or grandparent could claim citizenship, and keep a foot in both camps. No brainer?

Really?

TV ads often show where the biggest profit margins are. From my (alas, these days rare) prime-time evening viewing, it’s foreign car manufacturers (the only type now), banks and designer perfumes. My jaw dropped when a not-so-designer perfume ad came on. Was I having a (bad) dream? V.I. Poo? Click above and decide for yourselves!

More in two weeks,

Philip

Read More and Comment

26/03/2017
An independent (financial adviser's) view

Thanks to the many who’ve sponsored Donna’s breast cancer charity ‘moonwalk’. If you haven’t and can spare a couple of quid, please click here.

FSCS pays out £3m for IFA firm's advice

Good news: if you switch your pension to an unregulated fund investing in an unbuilt hotel via an adviser who has (surprise, surprise) gone bust, just claim your money back from the Financial Services Compensation Scheme! The bad news: those of us who wouldn't touch the Windermere Hydro Hotel across a big lake with an extra long bargepole, let alone recommend our clients invest in it, will have to cover the costs; which will be paid from our clients' fees. Shall we blame the EU? May as well.

Sipp providers forging deals with robo-advisers

Speaking of punters moving their pensions into dodgy unregulated investments, here's the thin end of a dangerous wedge: letting them do it themselves via 'robo advice'. This is the 'mot du jour' and supposedly the future for our business. Maybe we won't have to cough up if Robbie the Robot and not an IFA who persuades them to throw their money away. Doubt it, though.

‘Frexit chaos would be ‘worse than collapse of Lehman Brothers’’

This week I had my big day on the question and answer panel at a big investment event at the NEC. As always when you spend hours preparing, I could have winged it. No one asked any difficult questions. In fact, no one asked any questions at all.

And the conclusion from this great meeting of great investment minds? Stock markets are bound to go down sometime. Donald Trump's a bit of a worry. But Nexit and Frexit are now unlikely (I didn't, either). So that's good, isn't it?

‘The CEO of BT wants to hear your complaints’

I sent an email my contacts last week saying our 'phones were down 'due to the complete incompetence of BT', and, problem-shared, problem-halved, most of you seem to have had ‘issues’ with our flagship telecoms company. Without wishing to bore you: we have two 'phone lines, one has broadband, the other doesn't. We want to swap the broadband from one line to the other. Not rocket science?

Apparently it is. Nothing happened for a few days. Then the line went down. Then we got it back. After a total of 3 hours 50 mins of ‘phone calls to most of the UK and Commonwealth I found the name of BT's CEO emailed him. All credit, he emailed straight back and said he'd get it sorted. I'll keep you posted.

 ‘British banks handled vast sums of laundered Russian money’

The banks which allegedly helped launder dodgy Russian money (can't keep those Ruskies out of the news, can you?) say that everything they did was 'in line with regulations'. But so were most of those schemes now deemed 'tax avoidance' by HMRC, which will soon have to power to retrospectively go after the advisers who advised on them as well as their 'tax avoiding' clients. Let's see if one rule will apply to all, or if some will be more equal than others…

More soon,

Philip

 

 

 

 

 

 

Read More and Comment

19/03/2017
An Independent (financial adviser's) view

While I was away for my birthday long weekend, there was proof again that a week is a long time in politics…

“George Osborne to become editor of Standard”

‘Election-losing decision',  I wrote before I went. Changes to NI for the self-employed would have been fine for the top and bottom dogs in the entrepreneurial pack (Branson and Deliveroo bikers). Those of us in the squeezed middle would have been wondering whether to get a proper job and who the heck to vote for next.

Anyway, all change. I’d bet our current Chancellor will be looking for an editor’s job before the year’s out; maybe The Sun would give him a fresh start, assuming he can multi-task as well as his predecessor…

“Delight Van Man”

The other Phil H  announced his NI U-Turn to The Sun, so that he could speak directly to the self-employed white van men he'd offended; though assuming they all read The Sun could be an insult to injury scenario. Anyway, I thought I'd go straight to the horse's mouth and opened up The Sun's website. No sign of Phil, just Prince William 'slut dropping' with a model (I don't know either, maybe I should ask a white van man...)

 “Hammond is a joke of a chancellor – FT”

Although the White-Van-Man-Tax took the headlines, there were many other less-obvious-but-still-annoying things in the Budget:

  • The dividend tax allowance was reduced to £2,000,  to stop you being better off by running your white van via a limited company, but it will hit anyone with a share portfolio, too
  • If you’ve taken income from a drawdown pension, the most you can pay back in is now £4,000 a year. A sledgehammer to stop fiddlers, which will crack the nuts of over-55s in temporary financial dire straits
  • And no change to the Inheritance Tax Annual and Gift Allowances, the amounts you can give away each year, still £3,000 and £250. As they have been for 30 years, since Maggie was Queen and Rock Me Amadeus by Falco was number 1 (kids etc.)

“Billions of corrupt wealth ‘fuelling London housing crisis’”

There’s a scene in ‘Casablanca’ where dodgy policeman Claude Rains closes Rick’s Cafe, saying he’s ‘Shocked, yes, shocked to find there is gambling on these premises’, as he’s handed his winnings.

I think most Londoners could have written the report which confirm that the suspiciously large numbers of well-heeled Russians owning suspiciously large amounts of property in Mayfair didn’t necessarily come by their millions by legitimate means.

"Probate fee hike to go ahead despite opposition"

If you think the cost of living is high, try dying. It used to cost £215 to ‘prove’ a will and get the official rubber stamp; now there’ll be a sliding scale, which means, if you have a big house and a few bob, it could cost a whacking £20,000 to get your money paid out to your family. Not your problem, I guess, but still, they giveth with one hand...

Tinkety Tonk, and all that,

Phiiip

Read More and Comment

06/03/2017
An independent (financial adviser's) view

My PA, Donna, will be trekking over glaciers and volcanoes in Iceland to raise money for breast cancer research. Please click if you can spare a couple of bob (kids ask your parents) to sponsor her…

 Sympathy for the Bankers                

What a rollercoaster ride we were taken on by our great banking institutions and headline-writers last week. HSBC’s profits 'tumbled’ while Lloyds’ 'soared', Barclays' 'surged' and RBS ‘racked up 8 straight years of losses’ All of which shows, once again, that there's no such thing as a sure thing, that what goes up must come down, and vice verse. Although, as markets continue to 'head north', many will continue to conveniently forget that bit.

‘Regulator sets 2019 deadline for PPI claims’

Some of those banking losses were, of course, down  the £billions forked out in PPI misspelling compensation. Everyone (who hasn’t had a payout) is sick of those endless ‘phone calls and texts, so putting a deadline on claims might seem a good idea.

But here’s the thing: as IFAs, we have an open-ended liability for any advice we give. We’ve tried to get the regulator to cap it at 15 years (which, I’d say, is still a pretty long time), but no dice. From where I’m sitting, it’s another ‘one-rule for-them-because-they’re-too-big-to-fail’ scenario; but maybe I’m getting still more cynical as I plummet towards another birthday.

‘Warren Buffett is my hero’

Warren Buffet is to investors what Bob Dylan is to musicians and Tony Blackburn is to DJs: he sometimes gets it wrong, but he’s there through thick and thin. Warren’s made a fortune by sticking with Apple and Coca Cola, but got it very wrong with Tesco; his Apple shares, though, are now worth £18bn.

Although he’s made his billions by picking the right shares, he’s a big fan for us mortals of ‘passive’ funds which just track the stock market index, rather than being clever and trying to beat it. In fact, he thinks most fund managers are overpriced wastes-of-time. Maybe he’s right. Some of the time.

‘Greek debt disaster’

Remember the Icelandic Ash Cloud? It may have left you stranded in Marbs. Remember a Labour PM? The first Greek Bailout was in April 2010, too, and doesn’t it seem a long time ago. Both Austerity and Downton started that year, and only one of those is still running.

Funnily enough, the current Greek Crisis doesn’t feel like a crisis at all. I doubt it’s even hit your radar, just as breaking both legs would make you forget that nagging tickle in your throat. Sadly, those nagging tickles have finished many a promising career…

More memories

Remember Estate Duty? It was abolished in 1975 and replaced by Capital Transfer Tax. The Tories kept their election pledge and abolished Capital Transfer Tax. It was replaced in 1986 by Inheritance Tax.

Remember Purchase Tax? It was abolished in 1973, when we joined the Common Market (remember that?) and replaced by, that’s right, VAT. Now, of course, Brexit will give us the golden opportunity to abolish VAT. Will it go? Will it heck. Perhaps they should just run a competition to name its replacement. Taxi McTaxface?

Brexit: UK 'not obliged' to pay divorce bill say peers

Extending this to other types of divorce could be a real vote-winner...

More soon,

Philip

Read More and Comment

27/02/2017
An independent (financial adviser's) view

Had ice cream by the sea in Cornwall in Feb! Just goes to show we can do without those EU beaches…

The Co-op Bank puts itself up for sale

I’d say a majority of the Coop Bank’s still-loyal customers opened accounts because it was the only openly ‘ethical’ bank. If you delve a little below the surface, some not-so-ethical (depending on your definition) things may have gone on. It shows, however, that you don’t need in-branch yoghurt-weaving, sandals and beards to make your mark in the green sands of Stroud and other points on the ley lines. Just a commitment, however vague, not to invest in bad stuff.

HMRC criticised over tax avoidance probes

Back in the days when the City was run by gents whose word was their bond, the Inland Revenue (kids ask your parents) didn’t enforce tax laws retrospectively. If something they didn’t like was done in good faith and within the rules, that was fine; the rules would be changed and noone would be able to ‘get away with it’ in the future. Now, HMRC can issue ‘guilty until proven innocent’ Accelerated Payment Notices, which can bankrupt you before anything gets to court. Like ducking stools in days of yore: if she drowns, she was innocent; if she lives, she’s a witch for burning...

Hospital cuts planned in most of England

I often talk about ‘full circle syndrome’: if you hang around long-enough, you’ll have seen everything before. Many of my clients work in the NHS. If you mention ‘care in the community’ to anyone in mental health, they’ll tell you the tale of Maggie saving money by closing hospitals and conveniently forgetting about the ‘community care’ bit. And here we go again as ‘Ministers argue patients will receive better care in the community’

One of the rightest of right-wing Americans said that, ‘If you think health care is expensive now, wait until you see what it costs when it's free’. Trouble is, like Facebook and Twitter, once it is free, there ain’t no going back. I’d say.

NatWest to launch robo-advice service

Just read that in 10 years Ford and GM will be history as Google and Apple will be making all the (self-drive) cars. Most weeks our trade press tells us that ‘robo advice’ is the future and today's financial advisers will become tomorrow's old bangers.

Maybe. I remember, though, that when Neil Armstrong landed on the moon, we assumed that we’d all be going on package tours to Mars, having flown to New York in half an hour on Concorde’s grand-daughter after watching England win yet another major football trophy. We never foresaw fifty years of hurt, tellies that cost less than a tank of petrol or tiny ‘phones running our lives. Human nature, chance and money are truths stranger than science fiction.

Thousands feel trapped in investments

The FT's not usually one for this sort of headline. On reading, it seems that 10% of shareholders don’t have a clue about the shares they own. Which means that 90% do; so surely that's a good thing? Soon, when the markets finally descend, it’ll be 'billions wiped off the value of pensions'; with no mention of the billions added in the past year or so...

More soon,

Philip

Read More and Comment

12/02/2017
An Independent (financial adviser's) view

Off to where the sun always shines and the days are longer, for a few days in Cornwall. You’ll have to cope without me next Sunday...

More DB transfers could prevent care 'disaster'

One of my personal conspiracy theories has been sort-of confirmed by a former pensions minister: that 'pension freedoms' were a cunning way to solve the problem of paying care costs. 'So, you've run out of money? Before we take your house, any money in your pension funds? Jolly good...' And, of course, the more that's moved out of final salary schemes, the more cash is sloshing around the system.

Still can't prove, though, that Trump is Putin's father's love-child or that Elvis wrote Shakespeare's Complete Works...

Danegeld

I'm reading the brilliantly-titled ‘Year of Living Danishly’, which tries to fathom why the Danes, with the highest income tax, worst weather and most depressing police dramas are apparently the world’s happiest nation. Turns out they all think they get value for their tax krona with proper ‘cradle to grave’ state care. Some might say we'd have the same had the 1951 election gone another way (kids etc; or just read a book) But would we now trust any government to spend a big tax hike on the right things? Let’s just be thankful for ‘Midsomer Murders’.

Snapchat valued at up to $25bn

How do you become a multi-billionaire before the age of 30? You just become a multi-millionaire before the age of 30. But seriously, options are limited to marrying a Trump or developing an app. Neither of which are options for anyone over 30. The 26 year-old who set up Snapchat (parents, you’ll definitely have to ask your kids) will be able to afford to run for president when his company floats and becomes the next Facebook. And guess what? It made a loss of $515m last year. Nice work if you can get it.

“Twitter shares dive as losses widen”

And then there's Twitter, Snapchat's big sister (sic)? Imagine, in both cases, that you open a giant, very hip, free cafe. You'd have loads of customers but lots of overheads (premises, coffee and all those 'baristas'; there's a word none of us had heard 20 years ago!) You manage to flog your cafe. Result!

To get their money back, however, the buyers must either charge for coffee or flog something else to the punters. And then someone opens a new, free cafe down the road. Who's going to pay to go to yours? Especially when their parents and grandparents have moved from Waitrose to your previously very cool, young persons coffee destination...

Instant Karma

I watched ‘The Good Karma Hospital’ last night and decided I should retrain as at doctor. Not too late, surely? Then I looked at my inbox and found I’m actually in demand for plenty of other (non-life-threatening, first world, but still important-to-those-who-are-contacting me) sorts of problems. Banks, pensions and other stuff, specifically designed to confuse even very clever people. Which would be the greater loss to the world? Have decided more would suffer if I retrained.

Tinkety tonk, old fruits, and down with the Nazis*,

Philip

* Originally used by the Queen Mother in a letter in February 1941

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Philip always gets back to me in a timely fashion. He is always happy to listen to what I want and is creative in his suggestions. Philip is an excellent and professional Independent Financial Advisor, I'd even say friend.
Simon Young/ gloucesterphotographer.com

"Philip has provided an excellent service since my retirement"
Terry Walker

"Since Philip has helped me with my finances I have managed to relax knowing that I can trust his advice. He is capable of talking in laymen?s terms so that I can understand what choices I have and make informed decisions. I would highly recommend him."
Karen Easterbrook

"Philip has been a great help to me during a time of considerable change in my life. He is friendly yet professional and I have found it very reassuring to have a consistent approach from one person. I would have no hesitation in recommending Philip."
Diane Fowler

"Philip has provided professional advice appropriate to our needs by taking the time to find out what our requirements are. He is reliable and delivers what is promised."
Lindsey Braune

"Philip has the ability and perception of managing my financial affairs at the level that suits me. As a result I'm able to fully understand the pros and cons of any situation so that I can make the right decisions."
Mike Cleaver

"I have worked with many firms and individuals in implementing new processes within their business but have been immensely impressed with both the efficiency and attention to detail that Philip displays. His personal ability to complete all that he has in front of him is extremely impressive. Philip also obviously deals in this manner with his own personal clients and I can very much understand why such a high percentage of them both use his services again and again as well as refer him with confidence on a regular basis."
Andy Redhead

"We were fortunate to have Philp with us at retirement when important financial decisions and investment decisions had to be made. His advice has proven to be sound on an ongoing basis. We have judged, and to continue to judge Philip as a safe pair of hands in financial matters."
Michael Yorke

"Philip holds that rare quality in financial advisors, he is consistent! In over twelve years of very changing circumstances Philip has looked after my financial interests and has alway put the needs of me and my family as a priority in helping me make the right decisions."
Martin Houghton-Brown

"Philip helped us with every aspect of setting up our pensions when we retired. Very professional and helped us make the right decision. I would recommend him to anyone."
Monica Gorton

"Philip offers a personal and effective service in an industry where good advisers are hard to discern. I am happy to recommend him to others who need this support and advice."
Antony Dale

"Philip has been a highly reliable and expert financial adviser to us over many years. His investment and Pensions advice has allowed me to take early retirement with an excellent level of financial security. I would recommend Phillp's services to anybody without hesitation."
John Nightingale

"Philip works hard on my behalf and has my best interests at heart."
Andy Lamont

"Since meeting Philip a number of years ago, I had no hesitation in asking him to provide his services as my IFA. This decision was easy, as it was clear that he is a man of honesty and integrity - his outwardly professional attitude is clear for all to see. Having hired Philip I have continually been impressed with the level of service he provides me and my family. He has always gone beyond the reasonably expected line of duty and takes the time to understand his clients' needs thoroughly. He will listen to any concerns about what recommendations he is making and will take on-board a client's needs, rather than giving the impression of trying to steam-roller a solution into one's portfolio. His work is delivered to his clients with a recommendation which is clearly explained and illustrated, on a timely basis. Philip is always approachable and I would thus recommend his services to anyone without hesitation."
Chris Hunt

"Philip has been my financial adviser for many years. He is professional, helpful, extremely pleasant to deal with and provides sound financial advice. I have no hesitation in recommending him."
Liz Barnwell

"I regularly refer my clients to Philip for professional independent financial advice and will continue to do so as all feedback received has been positive and complimentary. He is a dedicated adviser, trustworthy and loyal with a keen sense of duty and responsibility."
Alan Gilbert

"I would recommend Philip as a personal advisor to anyone who is like me and wants to be able to outsource all the admin and worry of their financial planning to someone they can trust to get the best for them."
Julia Nasrallah

"Until I was widowed I had not had to deal with money as I was married to an accountant. Philip ably and sensitively assisted me in the daunting task of arranging my financial affairs and has always explained things to a novice in a very direct and understandable way"
Ros Leigh

"I have being using Philip for over 15 years to handle and manage my pension requirements. He has always been very knowledgeable and persistent in finding the right products for myself and my wife. Philip is someone I strongly trust and I would not hesitate in recommending his services."
James Griffin

Philip has been my financial advisor for over 20 years. He looked after my investments and retirement planning giving me sound advice throughout my working life, and is continuing to do so in my retirement. He's a good listener and communicator, paying attention to my views and offering advice based on what he knows about me. He doesn't push me to buy products I'm uncomfortable with.
Carole Barrington

I've known Philip for 22 years and throughout, he has advised and arranged my finances to my best advantage. He advised me after my redundancy and up to and after my retirement, to the end that I am able to enjoy a steady income and still have my capital to fall back on if needed. I feel that I can trust his advice and his knowledge, and am able to recommend his service without hesitation.
Chris Edwards

Phillip gives easy to understand, clear advice; he also allows time to consider and ask further questions. He is easy to talk to, listens to you and tailors plans to meet individual needs. I also like his witty blog on financial antics!
Sandra Persson

Phil takes a very realistic and pragmatic view of my current situation and advises me on what options are available to me. I have a high level of confidence I am receiving the information that I need to make an informed decision.
Gerry Rohling

"Philip has a keen perception and understanding of a client?s needs and expectations. He provides clear, appropriate proposals and follows through with thorough and detailed explanations.He also provides regular assessments and evaluations."
Pat Carmody

"Philip is very easy to work with. He gives sound advice and explains things very patiently. The products and services he has provided have been excellent in terms of cost and quality. I find him an excellent advisor."
Caroline Witts

"Philip is a great communicator - he listens carefully and is very sensible of the need to explain, clearly and simply, ideas and propositions that might prove complicated to the uninitiated! He has very good product knowledge and is able to tailor the advice he offers to the client according to need and after detailed explanation of risk versus benefit - would not hesitate to recommend Philip, accordingly."
Karen Harrison

"Philip has provided really sound advice over the years. He researches well and listens to your needs, matching products that deliver the results you would expect."
Clare Davidson

"During times of financial fears and austerity angst, Philip is a voice of calm. He never pushes products or services, but instead listens, remembers and acts appropriately. He is a joy to deal with and I would heartily recommend him."
Jane Bainbridge

"Philip is an excellent independent financial adviser. He has reorganised my finances most effectively to give me clarity and peace of mind."
Rupert Hanbury

"When I retired from being a Financial Adviser at Allied Dunbar, I was happy to pass my client list on to Philip in the knowledge that they would continue to get a trustworthy service from him. He is now my Financial Adviser and has been for the last 16 years. I am still recommending him."
Harry Catton

"When I lived and worked near, and then in, Fulbrook, I always found Philip very friendly, efficient and readily accessible when his services were required. Now that I have moved to Scotland, which has meant many fewer actual contacts, these attributes have continued, indeed I am about to make use of his skills again on more frequent occasions, now that I am getting older and work opportunities are lessening in this time of austerity!"
Ken Jackson

"Philip has provided valuable advice over several years to meet my needs as work and personal life styles changed. Particularly valuable was advice during stock market volatility when I was seeking an annuity - It saved me a lot of money!"
Monty Charles

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