It’s a new year. You’ve bid farewell to the life-altering, chaotic and dare we say it…unprecedented COVID 2020. You’ve once again enjoyed the freedom of being able to socialise over the festive break, reset, recharged and set your goals for a better 2021 and beyond. But what about your wealth goals and purpose moving forward? Is it time to give them a review and reset also?
Importantly, the post-COVID world has significantly altered various economic and financial market factors going forward. Good management and forward planning suggests you reassess these factors against your goals, ensuring a fit-for-purpose asset allocation strategy.
As we outlined in our recent publication, the economic and investment landscape for 2021 and beyond looks different to 2020. This means that how your portfolio was positioned last year, may not necessarily be appropriate to optimise this year of recovery and the challenges that lie ahead.
Asset allocation has been shown to make the most significant impact on a client’s long-term wealth creation, but it can be an overwhelming task to make heads or tails of all the relevant influences, opportunities and risks. Moreover, it requires continuous evaluation with an economically referenced and needs-based overlay in order to realise sustainable long-term real growth within a sound risk management framework.
Our role as advisers is to assist clients through this evaluation process, which is always specific and appropriate to their individual position. Whether that position be straightforward or complex, our experience and knowledge over 40 years helps clients set their clearly defined strategy.