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Philip Hanley

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06/08/2017
An independent (financial adviser's) view

Is our recent spate of autumnal weather a ‘shot across the bows’ by the EU negotiators? Are we in for rainy post-Brexit summers, when we lose access to ‘high pressure spreading from the south’?

Weather is ?now, of course, Michael Gove’s responsibility as Environment Minister. A spokesman (may have) said, “These are typical EU scare tactics. I think we all remember that when we were young and well before we joined the Common Market?, the sun shone throughout the school holidays. British weather saw us through two world wars and I’m confident it will see us through Brexit as well”.

‘Will you still need me when I'm sixty-four?’

If the Dailies Express and Mail led with a ’65 is the new 45’ headline, rather than their usual ‘Chocolate Buttons stop Dementia’, they might attract a 60- rather than an 80-something readership.

The article which caught my attention later reneges by saying that companies should consider employing more over-50s! And then trotting out B&Q as an? (the?) example of a non-ageist employer; visit any branch and you’ll wish they were ageist.

Most self-employed persons would agree, I think, that they are the only, truly non-ageist employers. Fifty-schmifty.

Sebastian Lyon: ‘It is dangerous to buy equities now’

Everyone says the stockmarket will go down. No one knows when it will happen. This fund manager went ‘cautious’ when the index was 2000 points lower than now for which none of his investors will be thanking him. He must be praying for a downturn so he can be proven right. It will go down because it always does. And it will go up again because it always does. You heard it here first (or last).

‘Philip Hammond: “UK won't become Brexit tax haven”

If you were choosing where to base your multinational business now, you’d surely be barking to choose the UK if you could pay the same taxes across a few miles of Irish Sea or English Channel and have access to the whole EU??. Japan’s biggest bank is the latest of many to decide just that.

That’s why Philip Hammond's? tax policy ?last month ?was that we’d do ‘whatever we have to do’ to stay competitive; which you could take to mean that we’ll become Gibraltar once we’ve given it back to Spain. Now he says we won’t. ?P?erhaps he’s working on the assumption that, in a month or two, it might be someone else’s problem.

Here we go again!

Do you remember how we once thought the Greek debt crisis and the threat of Grexit would lead to The End of the World As We Know It? Fr. Merkel et al (and we) have now learned the Sunscreen truth, that ‘the real troubles in your life are apt to be things that never crossed your worried mind’. Meanwhile, according to their leaders, Greece is saved and able to mortgage itself again like a normal country. In your interests, I am selflessly heading there to investigate. I’ll report back in September. But, Mama Mia, Never on a Sunday.

See you back at school,

Philip

Read More and Comment

30/07/2017
An independent (financial adviser's) view

I know a number of readers were  at the Game Fair this weekend. I was elsewhere and can confirm that not one Barbour was spotted at WOMAD. Just a few wellies.

‘Read my lips’

I’ve had representations from a UK resident Aussie who says that public male flip flop-wearing is normal in Oz and that an exemption from my new tax (the FFT) should be granted.  I’m afraid that Messrs.’ Gove and Davis would see this as the thin end of the wedge,  likely to lead to similar pleas after Brexit from the French over berets, the Dutch clogs and so on.

However, I will pledge to abolish it by 2040, when it will be someone else’s responsibility, along with and the driving of electric cars and the increase in the State Pension age to 97.

SJP profits and adviser numbers soar

Imagine that car sales went the way of financial advice. Huge amounts of regulation to stop them fibbing about emissions make Ford, Mercedes and the rest close down their dealer networks and rely on independent garages to flog their cars. Except one; let’s say, BMW. They keep saying the same stuff, keep their fancy dealerships and make a packet.

That’s what St James Place have done; though they’d probably prefer to be compared with the Porches and Ferrari their top guys drive. ‘Which?’ magazine and advisers who don’t work for them, hate them. But, frankly, my dear, I don’t think they give a damn.

‘How does behavioural bias affect investment decisions?’

I was asked by FT Adviser for my views on the above; basically, why investors don't behave logically. Here's what I told them:

1. When everything's going up (ie now), everyone assumes it’ll keep going up. 'Cautious' investors become 'Adventurous'. I tell them to stay put.

2. When everything's going down everyone assumes it will never go up again. The 'Adventurous'  become 'Cautious'. I tell them to stay put.

3. The 'let's just wait until' brigade will always be with us, waiting until after the next election (ie probably October)/the markets go down/the markets go up/North Korea gives up nuclear weapons/'we see what happens with this Brexit'.  They just need to get on with it; there's always be something to worry about and worrying’s a waste of time.

But you can’t change human nature; and if everyone were rational, I’d probably be out of a job.

 Financial advice leaves people £40k better off

Occasionally, people decide to sort out their own finances rather than pay my modest (me)/outrageous (them) fees. My response is, yes, you can DIY anything. Someone on YouTube will show you how to rewire your house, install a radiator or fix the carburettor on a 1979 Mk 3 Cortina.

But I think I can do better and here’s a study with some hard data to back it up: people with advisers at either end of the financial and/or social spectrum were actually (a lot, like, over £40,000) better off than the DIY brigade. Just don’t ask me to put up a shelf.

New Lib Dem leader visits Oxfordshire

I went to ‘Meet Vince Cable’ this week, as he’s our last Remaining hope. At 74 he seems younger than many 60 year-olds of my acquaintance, present company excepted. But he has not so much a mountain, as an entire range to conquer. Still, Hannibal and the elephants did it, so why not?

More soon,

Philip

?PS Proof this week that even superstar fund manager St. Neil Woodford gets it wrong sometimes...?
 
Read More and Comment

23/07/2017
An independent (financial adviser's) view

The arrival of summer has inspired me to revise and add to my list of new ‘Bill Bryson’ taxes; our noble Chancellor will need all the help he can get at the next budget and my suggestions may reduce the likely new burdens on my fellow self-employed.

Following protests from a number of clients, I had to modify my TatTax to apply only to tattoos visible above the shirt collar; and the Beardy Surcharge is now only payable by Blokes Who Can’t be Bothered to Shave on Sundays.

However, a much-needed addition will the Men Wearing Flip Flops Anywhere but on the Beach Toll. Sandals and Socks would be a softer target, I know, but that’s likely to hit ethical investors whom I want to keep on side. I also realise most of the above are aimed at men; that’s because I’m married (to a female person), have a daughter and love life.

UK inflation falls to 2.6%

So, inflation’s down because the price of oil has fallen. Apparently, if it hadn’t, the rise in food prices might have meant an interest rate hike. I’m supposed to know about economics, but can anyone explain the logic? Our mortgages get more expensive so we buy less food so the price of food goes down to encourage us to buy more? That might work with CDs or summer holidays; but is the Bank of England really working on the assumption that we would all starve to pay our mortgages? I think there’s more logic in North Korea’s foreign policy.

'Oh, Jeremy Corbyn!'

Another thing for our PM to worry about is that the ‘Oh, Jeremy Corbyn’ chant was heard at the very middle-class Cornbury Festival. Glastonbury she could have put down to his presence and an audience of yoof and ageing hippies. Sitting on a train this week confirmed for me that it’s his plans to renationalise the railways that are getting Waitrose shoppers on side as: a) It cost me over twice as much to travel to Manchester as my airfare to Spain a couple of months ago and, b) I had to pay an extra £10 to use the internet, which was rubbish; and which always works perfectly on the bus to London, at no extra charge to the under-£20 return ticket…

FCA to check if one-stop shops offer value for money

It’s not just the Pru, rehiring the men-from, whom they ditched 15 years ago, which is turning a corporate full circle. Most of the big old insurance companies are taking on salesmen again or ‘vertically integrating their distribution model’ in meeting-speak. Like a dog spotting a rabbit in a field, the regulator is sitting up and taking notice and doesn’t like what it sees. A Report is in the offing. Problem is, there have been many other Reports about the ‘advice gap’ and the fact that there’s now only one adviser for every 1068 of the GBP who need advice. And, sorry guys, that gap won’t be filled if companies can’t make money by filling it; unless you nationalise them. Over to you again,  Mr. Corbyn.

More soon,

Philip

Read More and Comment

16/07/2017
An independent (financial adviser's) view

For Euro-avoiding staycationers, I can report that shorts could be worn on 2/3 Cornwall days this week. And there’s far more room on the beach than in Marbs.

“Couple face £3,700 legal bill after failed compensation claim”

A number of surveys (which never lie) have revealed that half the GBP would fib to get money from a company or institution. They, and those no win/no fee merchants from the profession to which our regulator would have us aspire, may be starting to get their comeuppance.

Don’t be seen drinking six pints at the airport when you’re supposed to have food poisoning from your all-inclusive hotel, is one message. The other, we hope, is, don’t bang in a claim on the off-chance against your financial adviser unless you really think he or she has done you over. It costs us all in the end.

“Government review backs provider’s auto-enrolment plan”

Pensions are horrendously complicated, largely because every government commissions a report, comes up with the way to make sure we all save for retirement, then adds another layer of legislation to the existing mountain. They’ve tried everything, tax breaks, cheap stakeholder plans and enforced auto enrolment; which they now want to extend to the self-employed.

Really? Am I mad to think the original idea of National Insurance was pretty good? You pay an extra tax to get extra state benefits, including a decent pension. I really don’t think any of us would mind if we could see a relation between the two, and not think we were paying for ministers’ duck ponds. However, in the words of John Lennon, you may say I’m a dreamer...

“Thousands may be let down by funeral plans, report warns”

I’m often asked if ‘funeral plans’ are a good idea. I say no, invest the money, it should grow by more than the price of a funeral, then you can let others sort out the only party to which you’re always invited. Those that still go ahead and buy them are almost always those that can least afford to part with a few £000s in their lifetime and are worrying far more than anyone wants them to about being a nuisance when they’ve gone. Anyway, looks like a few chickens are coming home to roost.

“London reforms set to open door for Saudi Aramco listing”

Here’s a clue to the sort of compromises we’ll have to make to survive as a financial centre post-Brexit. The oil price is down and Saudi Arabia (cruel, medieval regime/our best friend in the Middle East, depending on your point of view) needs to raise some cash by floating part of its oil company on a friendly stock exchange.

Our current rules would require us to look a little too closely under the bonnet for their liking. So it looks like we’re going to change them, taking the great City of London still further from its bowler-hatted, umbrella-toting ‘My Word is my Bond’ days. Needs must.

“Brexit: The UK's key repeal bill facing challenges” /”City firms plan for Brexit relocation””EasyJet  to open base outside the UK because of Brexit”

Rant alert. Apparently, it's our grandchildren who will be the real beneficiaries of Brexit. No. They'll be the ones desperately negotiating to get us back in. I think. Does even the Blimpiest of golf club Colonel Blimps or any but the Waynes of this world (listen to him and, if you’re a Poldark fan, you may come round to the Warleggan view on universal suffrage) still think Brexit is a genius idea?

More soon,

Philip

Read More and Comment

09/07/2017
An independent (financial adviser's) view

Don’t worry. Although I’ve been rockin’ at Cornbury Festival this weekend, its list of sponsors (Waitrose, Caffe Nero and Knight Frank) should confirm I’m not descending into drug-fuelled ageing hippydom…yet.  It’s the last ever Cornbury; and another staple of my summer for many years,  ‘Art in Action’, ended for good last year. My crowdfunding idea is to merge the two into the first ever ArtFest (pat. pending). If you have any idea what I’m talking about, let me know what you think. And if you’re a regulator, I’m really not actually trying to raise any cash…yet.

“Pru reveals plan to expand advice arm”

The last Man from the Pru pocketed his redundancy payment and hung up his trilby in 2001 and for a while, everything was fine and dandy, with 2000 less salaries to pay and much less commission to fork out. But guess what? In yet another of the fullest of corporate full circles, a new generation of management has decided that a human touch of some kind is needed, after all, to flog a few pensions. So they’re hiring again. Wonder how many hours of meetings and focus groups and £ms of marketing consultations it took to decide what, to most of us, was, in the words of the great Basil Fawlty (kids etc.) the bleedin’ obvious.

“Jim Rogers predicts 'worst crash in our lifetime'”

If you’re not a fund manager with a fund to flog, you can offload your doom and gloom with impunity. This ‘renowned investor’ predicts the end of the financial world as we know together with Western Civilisation as we know it; all of which would put Brexit in context, I guess.  He’s right that stock markets will go down, they always do. And it will be, in the words of the great Baz Luhrmann ‘things that never crossed your worried mind’ that will cause the fall. So. Do we cash everything in and head for the bunkers? Or pour another glass and head for the beach? Mine’s a rosé.

“Housing market on brink of collapse, warn economists”

Apparently, it's not just stockmarkets which are doomed to head down the apocalyptic pan, but that dinner party staple, the price of your house. Everyone, of course, regularly shakes their heads, saying property prices are crazy, how can kids get on the housing ladder, it can't go on like this; as long as mine keeps going up. And, of course, what goes up...Anyway, this is all according to 'experts' and, as our erstwhile new Secretary of State for the Environment said barely a year ago, “people in this country have had enough of experts”. So I'm sure it will all be OK.

“Nick Train: Why I will always be bullish”

Don't despair. There are still plenty of us with our glasses half full.  Fund manager Nick Train (yes, he's a fund manager with a fund to flog) agrees with me that although there's always something to worry about, when one door slams the through- draft opens another and that stock markets go down as well as up, but go up more than they go down; if you hang on in there.  But I would say that, wouldn't I. Even when I've seen the forecast, I still take shorts and swimming trunks to Cornwall.

More soon, probably next week, depending on the weather in Cornwall

Philip

Read More and Comment

02/07/2017
An independent (financial adviser's) view

Here’s a social media revelation. If you want to cause a stir, just say something vaguely controversial about either Jeremy Corbyn (‘he may not be the third horseman of the apocalypse’) or Brexit (’is it really such a good idea?’). The result of a couple of comments I made last week has been, not so much cat amongst the pigeons as dozens of pigeons descending on a defenceless cat. Still, it moves me up the Google, Twitter and Linkedin ratings. Katy Perry and Justin Bieber, I’m coming for you…(parents etc.)

“Sterling Strengthens on Back of BoE’s Hawkish Comments”

Bank of England Governor, Mark Carney, 20th June:

“Now is not the time to raise interest rates”. Pound sinks.

Bank of England Governor, Mark Carney, 29th June:

“Some removal of monetary stimulus is likely to become necessary” (i.e. interest rates should rise). Pound soars.

Go figure. Maybe Theresa May(be) is his U-turn role model.

“Woodford: The consensus views the market is wrong about”

I read an article by ‘star fund manager’ Neil Woodford hoping he’d tell me when and if the next crash will come. I think he said some interesting things, but I didn't glean what what I was hoping to glean. In fact, he says ‘the notion that you can predict what is going to happen…is total rubbish’.

He reckons that most conventional wisdoms have become worthless since The Crisis and on that I agree with him. For instance, raising interest rates won’t reduce inflation, it’ll just make half the population lose their homes. Anyway, however big a star he is, remember he’s got a fund to flog. Pinch of salt still required.

“M&G to shift £6bn funds outside UK pre-Brexit”

Sticking with my recurring ‘is it (Brexit) really such a good idea?’ theme, there’s not so much a flood of financial companies moving stuff out of the City, as a steady flow. And, as the saying goes (or will now), 'steady flows carve the biggest valleys'.

If you’re an international company and want to sell internationally, you’d be doing your shareholders and customers a disservice not to move. Depending on whether you’re part of the 52% or the 48%, it’s either good riddance to unpatriotic, thieving bankers or another reason to get an Irish passport. Top of the mornin’ to you!

“Financial firms losing billions to poor customer care”

Apparently, we think banks, insurance companies and lenders have rubbish customer service and couldn’t care less about us. Yet another expensive survey telling us what we, the customers already know. No doubt the financial services companies will have some high-powered meetings about it all, spend a few £ms on focus groups, staff training and mission statements; then close more branches and call centres and carry on regardless.

Or am I being too cynical? Maybe they’ll put a bank manager back in your wardrobe and send the Man from the Pru round with a brand new bowler hat to tip at the local bobby as he cycles past your house on the look out for burglars with bags marked swag over their shoulders while the rest of the village is at the vicarage fete with Miss Marple pouring a cups of tea…(kids etc)

More soon,

Philip

Read More and Comment

25/06/2017
An independent (financial adviser's) view

Thanks to all those that sponsored her and congratulations Donna, who raised over £2,000 for breast cancer research by Moonwalking in Iceland last week.

“Demands for Tories to STAND DOWN and make Jeremy Corbyn PM”

At the risk you might think that I’ve blown myself up my own trumpet, I’ve been looking back at my blogletter-newsosphere archive. One, in September 2015, contained the phrase ‘when Jeremy Corbyn is PM’. If only I’d also said that Leicester City would win the Premier League, my status as a prophet would be confirmed. OK, at the moment, it’s only the New Statesman and Guardian which don’t think a JC premiership would be the end of the world as we know it. But…watch this space.

“Fruit and veg farmers facing migrant labour shortages”

If you want to know what's wrong with our great country, listen to any radio phone in any day of the week. The question one day last week was whether students and the unemployed should be made to take over fruit-picking if Brexit sends the population of Eastern Europe packing. An unemployed student retorted that Brexit-voting pensioners should be made to do the jobs no one else wants to do as a) it's their fault and b) their pensions and care cost more than student grants, unemployment benefits and asylum-seekers housing combined. Fair point, I thought.

“Sterling falls, FTSE slips as UK faces ‘moment of truth’”

The other Phil H says that our Brexit should ‘prioritise jobs and living standards’. Which actually means not Brexiting, I’d say. I have an unlikely ally in George Soros, who made a fortune-he-can-never-spend by betting that the Euro’s predecessor would go down the pan. Here’s his key quote: ‘Brexit is a lose-lose proposition, harmful both to Britain and the European Union. It cannot be undone, but people can change their minds.’ Hear, hear. But then, as regular readers might know, I would say that, wouldn’t I…

“Weak UK retail sales flag emerging economic squeeze”

Apparently, despite the sunshine, we’re all worried about lots of things, so have stopped spending. Actually, talk to anyone with a shop on any high street, and they will have noticed a difference in the past few weeks.

However, inflation’s up, stuff’s getting more expensive and the conventional wisdom says that the Bank of England should put up interest rates to stop us spending and make the shops bring down prices. But the shops can’t bring down prices because they have to import everything we don’t make any more, which is everything and everything is more expensive because of the £ and Brexit.

Would raising interest rates help? Of course not. Not rocket science, you might think. Nevertheless ‘three Bank of England officials concerned about rising inflation have called for UK interest rates to rise in a surprise move…’ I despair.

“Barclays charged with fraud in Qatar case”

The final scene of 'The Big Short' ironically tells us that dozens of bankers went to jail in the immediate aftermath of the Big Crash; then, ‘hahaha’, says that actually, there was only 'one poor schmuck' who was left to carry the can. Barclays was the only big UK bank to get away without nationalisation or takeover. If it looks too good to be true, it probably is. Allegedly...

More soon,

 

Philip

Read More and Comment

18/06/2017
An independent (financial adviser's) view

Suffering from a post general election headache?’

This should help clear things up:

The Conservatives won but lost. Labour lost, but won. The SNP won and lost in Scotland but still won and the Conservatives won in Scotland but lost.  UKIP lost but because of Brexit they’ve already won. The winner, Mrs May, is being told to resign because she didn’t win and she won’t because she won even though she lost…(thanks, Radio 5Live)

‘No stability for pensions as minister moves’

Both of the Treasury ministers responsible for regulating financial services lost their seats last week; and the pensions minister has been reshuffled. Which means, either, 1. Both things may stay below the radar and avoid their umpteenth review, or, 2. Someone new will come in wanting to make an impression and/or Theresa has plans. I think we can discount the latter, so option 2 is, alas most likely. Especially if P Hammond stays in post for the next budget which, alas again, now seems likely. However, a week is a long time etc.

‘”Why I believe markets will make 'substantial returns’’’

At last, glass-half-full view of what might happen, or one bit of what might happen next to your investments and world stock markets. Most fund managers are hedging their bets (in the old-fashioned sense) and telling us, basically, that everything’s going to hell in a handcart but with a return ticket.

Standard Life’s boss, however says that governments having to spend more and keep interest rates low means that everything will keep going up. Is this like saying that a baby can save a dodgy marriage? Or playing “Mr Blue Sky” on a rainy day? Depends whether you think that rainy day is imminent, I guess.

‘Why Did Markets Not React To ‘Shock’ Election Result?’

So there's not too much to add to my pre-election summary of what might happen next:

  • Our stock market hasn’t crumbled. It and all others will go down, but it won’t be our shenanigans that cause the fall. It’ll be Trump (not able to do what he said he’d do), China, interest rates and other stuff that even the DUP can’t influence. And they’ll go up again. They always do.
  • The £ will stay down, even if interest rates rise. You’ll only find a cheap pint abroad by going somewhere you wouldn’t want to go.
  • Taxes will rise, if Theresa and Phil stagger on long enough to have a budget. And whoever’s in charge will be more left than right and will have to borrow and spend more to appease the great unwashed and students.
  • Better not get me started on Brexit.

Remember, though, that everything will be alright in the end. And if it’s not alright, it’s not the end yet.

Care in the community?

‘Social care’ and the cost thereof was a big election issue. This week’s tragic events and my own recent experience show that it involves more than sorting out old people with Alzheimer’s.

I was asked if I could help a client’s friend, severely disabled with MS. He lives alone in an inner city flat, gets the couple of hours a day of care that’s currently provided and smiles through a life that to most of us would be unimaginably awful.

I was called in to help sort through several years of envelopes from banks, building societies and investment companies, which, as he has no family on the case, had been ignored. It turns out he can afford to be much better looked after; whether he should have to afford to is, of course, another question.

There must be others like him and I hope to do something to help, both personally and politically. I’m not being holier-than-thou; just found the whole thing distressing enough to make me sit up and take notice.

More soon,

 

Philip

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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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