News from the Mews
I am sometimes asked for advice on what is expected of an executor. I am not a lawyer, but I have had some experience of helping friends who find themselves in this role. The main duty of an executor is to ensure that the assets of the deceased are distributed in...
The Hamilton Financial Advisory Panel was constituted 10 years ago. Chaired by Alex Hammond-Chambers, its main purpose is to stimulate thoughts on the investment challenges of the day and where appropriate, share these with our clients and on our website (under...
At Hamilton Financial we have developed – in partnership with AJ Bell Investcentre – a method by which smaller investors can profit from the same level of investment expertise as those with larger portfolios.
A nature ramble for clients and friends of Hamilton Financial to view a 20 year project to revert to a more gentle // less intensive way of farming – and in the process return some newly acquired farmland to nature..
Discussion topics: Value v Growth, Inflation v Deflation, China – will President Xi snuff out capitalism?, Baillie Gifford, Investment outlook..
With all the recent media focus on inflation, we felt it was important to have our own viewpoint and to share that with our clients.
In January, a chart caught our attention. Our initial interpretation of this alarming curve was that 2020’s increase in the USA’s money supply was unprecedented, and that it was especially extreme in relation to the (then unprecedented) expansion in the money supply during the GFC (2007-2009).
As the newest member of the Hamilton Financial team, Andrew has invited me to write this edition of our Coronavirus series of Bulletins.Markets never fail to surprise and in the wider world there have been some extraordinary trends which threaten to upset the delicate...
In a bid to demystify Wealth Management (we are on a mission to democratize Wealth Management, but more on that later), we are beginning this series, The Art of Wealth Management. First up, we dig into Active vs Passive Funds with Hamilton Financial head honcho...
We have been inspired by a recent podcast series from Baillie Gifford (Episode 14 here) to read Andrew Scott and Lynda Gratton’s bestselling book; The 100-Year Life - Living and Working in an Age of Longevity. If you have not read it, or given it to your children or...
The story of UK Wealth Management has been one of huge consolidation over the past thirty years. An industry, once fragmented into regional and local specialists, has reduced to a handful of national behemoths. Brewin Dolphin, listed on the London Stock Exchange in...
2020 has been an extraordinarily stressful and challenging time for us all and we hope you have managed to come through lockdown safe and well. We are facing a global humanitarian crisis, and the economy has been dealt a near-mortal blow. Many aspects of life, previously taken for granted, have changed forever.
The Coronavirus pandemic and its effect on stock markets has now been with us for over a month. We have seen dramatic falls in asset prices across the globe, as uncertainty about the long-term effects of COVID-19 and the likely duration of the current lockdown are as yet unknown.
Stock markets continue to be febrile and you will be understandably nervous about your savings. My advice is to try to igonore valuations. Coronovirus uncertainty has led to some dramatic falls in prices but, on Friday, markets were up and the upswing in valuations were just as dramatic.
Stock markets round the world continue to react nervously to hourly bulletins of Coronavirus news. Many of you will never have experienced such dramatic falls in share prices and it is unequivocally an unnerving experience.
Stock markets have seen steep falls over the last few weeks, with last Monday’s drop already being called ‘Black Monday’ and likened, post-ante, to 1987, 2000 and even the Great Financial Crisis of 2008.
For the last few weeks of February, the UK has been soaked by a succession of winter storms that have seen the most extensive flooding for a generation. As we sit under February’s leaden skies, a new even more frightening threat barrels in to cheer our winter hearts, a brand-new flu like virus that spreads like a common cold. Coronavirus, an Asian flu pandemic has gripped the nation and whipped up a media maelstrom. Earlier this week, the six nations rugby game, Ireland v Italy, was cancelled. The bars of Temple Bar will not be happy.
Welcome to the Winter 2019 edition of News from the Mews. I have been helped in this edition by the Hamilton Financial Advisory Panel and by our new boy, Simon Milne. Here is a summary of the contents:
1) The HF Advisory Panel’s forecast of the General Election result on 12th December 2019.
2) Inheritance Tax (IHT) planning.
3) The Hamilton Financial Investment style.
4) Minutes of Meeting of the HF Advisory Panel on 29th November 2019.
5) An account of my first month with Hamilton Financial by Simon Milne.
The Office of Tax Simplification (OTS) has recently issued its second report on Inheritance Tax (IHT). Here are the bullet points:- Business Property Relief (BPR) BPR effectively exempts business assets from IHT (40%). At the moment, the test to determine whether or...
(1) Ensure your life assurance policies are written in trust. What does this mean? It means that on death, the life assurance proceeds are paid directly to the listed beneficiaries rather than to the deceased’s executors. Why is this important? For 2 reasons:- (i)...
For those that need to borrow, loan rates are close to all-time lows. The Golden Rules Only borrow what you actually need; Repay as quickly as possible; Ensure repayments are affordable; Use an eligibility calculator eligibility calculator prior to submitting a loan...
Years ago, I remember my parents telling me to put a regular amount every month into a savings plan. (I wish I had listened more carefully!)
This was in the days before pension plans, with all their tax benefits. I also remember being told that if you invest in a regular savings plan, such as a unit trust plan, it doesn’t much matter whether stock markets go up or down – “you will benefit from pound cost averaging”.
So what is pound cost averaging? In simple terms, it means that if the market value of your unit trust savings plan falls, it doesn’t matter: the cost of the next unit (or units) you buy will be cheaper – so the average cost of all the units you hold will have reduced. (For those of us who don’t have lump sums
to invest, it is quite good to know that it’s not all doom and gloom if the markets fall!)
One or two friends have encouraged us to run our own pooled fund (a unit trust or investment trust).So why haven’t we taken their advice?
I will quote our own Peter Rintoul who has, in his previous life, run his own investment trust:-
“What we aim to do at Hamilton Financial is to run a fully diversified portfolio of funds managed by experts in their own particular field. So for example, for growth equity funds covering the globe, we use James Anderson and Tom Slater of Scottish Mortgage. For UK growth, we like the Independent Investment Trust run by Max Ward. And so on.
When I started Hamilton Financial, our friend Alex Hammond-Chambers suggested I would benefit from the help of a group of experienced advisers. This has evolved into our “Advisory Board” which Alex has kindly chaired since its inception. Over time we have invited other interested parties to widen our sources of information and broaden our views of the investment world.
Andrew Hamilton, founder of Edinburgh wealth manager Hamilton Financial, has forged an informal partnership with Westminster-based investment and wealth planning firm Thomson Tyndall.
The two companies will continue to operate independently but will offer shared services across their client portfolio.
Mr Hamilton said: “We have been looking for an association with another firm for the last three years.