I’ve always believed that a picture paints a thousand words.
When I think of this adage I am always reminded of a family holiday to Spain when the kids were much younger. It was just another little lie that I’ve offered up to them when I said “Come on…this will be great!” as I ushered them into the Prado Museum in Madrid. On reflection I must have told them a very good many white lies over the years, except of course when they ask “who I love most?” and I answer “sorry boys, it’s your sister”. But back to the story. I’m not that steeped in culture, more of a Messi and Guscott man than your Picasso and … um…um (well you see my point) but I thought it would be good for all our souls to browse the collections on display. It was also, I remember, very hot outside and another good reason to go inside was that I expected it to have good air conditioning.
Now, among other masters on display that day, Picasso was in the house and I needn’t have looked through all the notes and sketches that preceded his “Guernica” to be stopped in my tracks when I saw the main event, and to absolutely, instantly get what he wanted to say in that extraordinary painting. A book filled to the brim could not convey the same tragedy, power and emotion of “Guernica” and that moment has stayed with me to this day. Any time I think of it I can see it in my mind’s eye. Unfortunately, we remain the Luddites that we are, but I do not regret that museum trip in the slightest.
Now the Vanguard analyst behind the chart detailed below is no Picasso, although I’m sure that they would be very pleased to hear they are being mentioned in the same sentence as the great man. When I experience significant problems I always try and see the bigger picture, the context, and the Vanguard chart allows this when we consider the current turmoil in the markets. At a glance we can see that over time there are far more Bull markets than Bear markets, that there is more upside than downside, and in financial terms more good than bad.
As always, let us know if there is anything more that we can do for you and please do not hesitate to contact us to share any comments or concerns that you may have.
With all good wishes,
Brunel Capital Partners
Good afternoon everyone,
I hope that you and your families are keeping safe and well through these troubling times. If the virus has affected you or your loved ones in any way, our thoughts are with you.
As we enter week four of lockdown, the novelty has certainly worn off. The lack of structure and school work during the Easter holidays has certainly challenged the three boys in the Rylett household. Boys don’t do arts and crafts so have had to find other ways to amuse themselves!
There does seem to be a glimmer of hope and a sense that we are reaching the peak and the so called curve seems to be flattening. There is also some talk of some success in some of the therapeutic drug trials.
Whilst a further three week period of lockdown has been announced it is pleasing to see news of how other European countries may handle an exit to the lockdown. Whilst it will be some time before a return to normality, some easing will be good for everyone’s sanity and the economy.
For those of you that have been to our office in Bristol, you may have seen this canvas on our meeting room wall.
The simple message that this picture carries has resonated with me perhaps more so than normal during this crisis. We can’t affect what is happening to us but we can certainly change the way we react to it.
As a business, Brunel is absolutely intent on coming out of this crisis in a better place as we use this time to work on the things that we can control.
The Brunel team have continued to work hard behind the scenes to ensure that our service to you, our clients can continue in the way you have come to expect. We thank you for adapting so quickly to a new way of working where we have asked you to.
The team are also working tirelessly to ensure that our new secure client portal is rolled out to all of our clients. Our plan to launch our new investment platform, the IronBright Investment Platform is gaining momentum as we head towards our June target date, initially for Bristol based clients and then Wells clients, later in the year. Your adviser will be in touch to discuss this in more detail.
We can’t control or predict the markets or the impact this crisis will have on the economy over the long-term. What we can do is ensure that you have a robust financial and investment plan in place that can weather the storm and keep you on track.
It was the boxer Mike Tyson who once famously said “Everyone has a plan until they get punched in the face”. Well, this coronavirus crisis is that proverbial “punch in the face”. If you need to check whether you are still on track or whether any adjustments to your plan need to be made, please contact your normal adviser.
If anybody has any feedback or would like to get in touch, please email me on firstname.lastname@example.org or contact your adviser.
I hope everyone stays safe and well.
Brunel Capital Partners
I hope you and your family are as well as possible through these extraordinary times.
Who would have thought earlier this year that we would be in a state of lockdown and Boris Johnson would be hospitalised for his COVID-19 symptoms?
I have lived and worked through many difficult situations over the past 40 years, but this time it is very different. Not being able to meet with clients on a face-face basis throws up all sorts of challenges. However, we continue to provide our full service to clients, albeit we are all working from our homes with the exception of one member of the Brunel team working at the office each day to coordinate correspondence.
There are challenges working from home and I am told that I should take regular breaks. With this in mind, my wife and I get together over a coffee to take part in Radio 2’s Pop Master Quiz at 10.30 each weekday morning. I hadn’t realised how competitive we would get over a radio quiz. Needless to say, Julie wins every time!
All members of the Brunel team are well and as always very happy to hear from you. We all have a need for human interaction, so a phone call or Zoom conversation can always be arranged. Please do not hesitate to call Dan, Damien, David, Steve or me if you would value a discussion or if you would like to set up a Zoom conversation.
As I write, investment markets have been gaining ground over the past few days as the spread of the virus slows. This is a relief as it is always depressing to see the values of investments declining as has been the case in recent weeks.
Government ministers are now under pressure to spell out a long-term exit strategy from the lockdown. This will be a real challenge and the peak pressure point on the NHS will need to behind us. So, it appears that we are likely to be in lockdown at least a few more weeks. In the meantime, we will be here to help you with your family finances.
I wish you and your family a very Happy Easter.
Brunel Capital Partners Ltd
As we enter another week of the Covid 19 ‘lockdown’ I continue to be amazed by the commitment and hard work of our National Health Service; whilst these front line workers devote their energies to saving lives and preventing suffering, I would like to reassure you that we continue to devote all of our energies to the challenges of looking after your wealth.
Working from home has given me some time to reflect on the progress Brunel has made since it was established in 2012. As the Finance Director of our new business, I had a clear picture in my mind how we needed to build a business, one that could offer a personal service to all our clients, but also one that could weather a similar event to the banking crisis in 2008.
Having steered a ‘cautious’ path over the past 8 years we now have a well-capitalised business with no borrowings. This has resulted in us being able to use our reserves to retain our valuable team members and concentrate 100% on delivering the quality service that you have come to expect from us. You will be pleased to hear that the team are currently fit, well and organised to run both the Wells and the Bristol offices remotely, if need be, indefinitely.
As you would no doubt have realised from our recent communications, we are in the process of delivering a new secure Client Portal, which should ensure that all future communication is delivered with very high levels of security. Many thanks to all who have registered so far.
Whilst we continue to register all clients onto the new Portal, the eagle eyed amongst you will have spotted that we brought the May re-balance of your portfolios forward to 30th March. We did this because it has been the intention to move away from ETFs (exchange traded funds) in your portfolios for a combination of reasons that include the impact of Brexit, to access UK based funds with lower fees and provide more streamlined personal accounting for clients. Completing this exercise means that IronBright could make the investment changes it needed to and save many clients a significant amount of tax in the process.
I hope that you and your family stay safe and well and please be assured that you can rely on us to continue to be here for you.
Brunel Capital Partners
Good afternoon, So we’re all in lockdown now.
Whilst the news still hung in the air Madigan (our daughter, still smarting from having had her A levels cancelled and having worked very hard for them) looked at Hamish (our second son, home from Uni and trying to complete his Finals online) suggested that it might be safer if Covid-19 got to him before she did as “this house just isn’t big enough for the both of us”! Perhaps a natural response when coming to terms with the news that you have to be holed up with an older brother for an indeterminate length of time. I suggested that some patience, perspective and goodwill would see us through and might, perhaps, strengthen such a tenuous sibling bond. You can imagine the looks.
Whilst we are reminded in such circumstances that family bonds, personal relationships and our own good health form the central tenets of ‘what makes us happy’, we at Brunel will remain focused on maintaining safe custody of your wealth and making the right decisions on your behalf. The entire team, bar one brave soul who continues to man the office, are all now working effectively and safely from home. We are immensely proud of how everyone has pulled together and risen to such a challenge, to ensure that all the normal services that we offer you continue to be available.
We remain open for business and receptive to any calls, comments or suggestions that you may have so please contact your adviser in the first instance or email me directly. There will be regular contact from us to keep you informed of all relevant matters.
Patience and perspective will see us through to the end, and it’s important to accept that this will not be forever. Our normal way of life will return and markets will recover, because they always do.
In the meantime batten down the hatches and see you on the other side.
With all good wishes,
Brunel Capital Partners
This year, a few members of the Bristol team took time away from the office to help at the Children’s Hospice South West (CHSW) Christmas party at the Charlton Farm Hospice, on the outskirts of Bristol. It was a lovely event with lots of different activities which the children enjoyed immensely.
Instead of sending our clients Christmas cards this year, we made a donation to CHSW to help them continue their great work providing care and assistance to the families of children with life limiting conditions.
In additional to financial support, we bought a selection of small gifts which were handed to the children by Father Christmas at the Christmas party. It is great to see first-hand what the difference that these donations make.
Volunteers at the CHSW party included (from left to right) India, Vicky, Stuart and Sara.
Through the Wells Dementia Action Alliance (WDAA), donations were made to local Charities “Heads Up” and the “Lawrence Centre” towards their Christmas Parties which brought much cheer to their clients living with dementia.
Plans are also underway to celebrate the 5th Anniversary of the WDAA during Dementia Action Week between 11th and 17th May 2020, when there will be activities for all throughout the week to help raise awareness and fund raise as there is so much more that we can do to help those living with dementia in our community.
Guests and clients and the Mayor of Wells share a seasonal cheer at Heads Up’s Christmas party.
Photo courtesy of Philip Welch.
Last month, we took part in the Wells Dementia Alliance Walk, raising money for those in the Wells community living with dementia, as well as their carers.
Despite the wet weather over 60 people turned out along with lots of dogs!
Len Sweales the Wells Town Crier gave us a great welcome and the Rt Rev Peter Hancock Diocese of Bath & Wells started the walk. We were lucky to have Mayor John Osman and Tessa Munt join us as well!
A total of £750 has been raised to date.
It’s worth remembering that dementia is not a normal part of the ageing process. But with more of us living longer lives, the diseases of the brain which cause dementia are becoming more widespread.
There are 850,000 people with dementia in the UK, with numbers set to rise to over 1 million by 2025. This is forecast to soar to 2 million by 2051.
Team members from our Bristol and Wells offices came together in June to complete the South to North Dartmoor Challenge 2019.
Ten members of the team walked 30 miles over rough terrain and undulating ground, including bogs (nobody fell in, fortunately).
On day one, we walked from Ivybridge to Princetown, staying overnight in a bunk house – thankfully it was next door to a pub!
Before setting out the next morning, we enjoyed a cracking fry-up breakfast, courtesy of Andy Weston and Neil Pinney.
On day two, we completed the challenge, walking from Princetown to Meldon.
In addition to the long distance covered, the hot weather added another challenge to the event, trying to avoid sunburn.
The team raised more than £1,000 which has been donated to St Margaret’s Hospice and Children’s Hospice South West.
Earlier in the summer, we wished Arnold and Julie Wills a fond farewell from Pilgrim Financial Planning with an evening celebration in Wells.
They officially finished with the business on 30th June and, while we were sad to see them go, it was a fantastic opportunity to wish them well, along with other local professionals from the Wells community.
Arnold has been a local financial adviser for 36 years, commenting that he will be “looking forward to having more family time and time to enjoy his hobbies, particularly his music interests and travelling.”
All who know Arnold knows that he won’t be putting his feet up in retirement! He will continue to be active in the local community.
Julie is also looking forward to having more free time to develop her hobbies, now their four children have finished their schooling.
The evening was enjoyed with wine tasting at Vicars Hall, where we were also able to raise £1,000 to donate to the YMCA in Wells.
Michelle Payne, marketing manager for YMCA Mendip and South Somerset, mentioned in her thanks, “Our services are not just about providing safe accommodation for the vulnerable homeless; but also provide support, guidance, encouragement and opportunities that are so vitally important. Donations like yours mean we can carry on providing the important services we do.”
The evening was a fitting farewell and acknowledgement of Arnold and Julie’s excellent work, building Pilgrim Financial Planning over the past 24 years, as well as their commitment to the local community.
Arnold has always been passionate about providing impartial advice. He said, “I’m confident in the future of Pilgrim and that the directors and teams will continue to provide a caring and professional service.”
The reasons for arranging a meeting with a Financial Planner are many and varied.
Historically, we would talk about the ‘Four D’s’ as the biggest drivers of financial advice; these big four are death, debt, disease and divorce.
As morbid and miserable as these drivers were, they often gave individuals and families a reason to seek out professional advice, usually at a difficult time in life.
Thankfully, the drivers of advice seem to have moved on to encompass a much more extensive range of reasons, many of them happy and positive!
One recent example involved a client initially wanting to explore some questions about a trust investment and her pensions. Our conversation developed into a broader conversation about what they wanted to get out of life, and culminated in the creation of a comprehensive financial plan.
She told me that there was a light-bulb moment when all of the parts of her financial plan came together; a sentiment we often hear from clients when presented with a financial plan for the first time.
An important part of the financial planning process is the creation of a lifetime cash flow forecast, which allows clients to see how different decisions or life events might influence their wealth in all stages of life. We create these forecasts using reasonable assumptions about the future, and keep them under regular review as external factors including investment returns and price inflation change over time.
When we create a financial plan for someone who needs to make important choices about their life, such as whether to give up a particular job so they can retire, or downsizing to a smaller property, the plan offers a high degree of comfort that decisions are sound.
I particularly love when the financial planning process opens eyes to the fact that clients can afford to do the things they want today. All too often, we’re scared to make big decisions because of the absence of certainty around our finances. The financial planning process introduces that certainty.
It’s especially satisfying when that certainty is originally triggered by a conversation about a small part of the financial planning world, such as a trust investment or an old pension plan.
What are some of the big current or upcoming events in your life that could prompt you to call one of our Financial Planners?