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MEDIA FINANCE EXPERT VISITS HIGH WYCOMBE
Justin Urquhart Stewart is one of the most recognisable and
trusted market commentators on television, radio and in the press. You
have probably seen him on GMTV, BBC Breakfast News or Working Lunch
(his red braces and singular speaking style make him instantly
recognisable). Originally trained as a lawyer, he has acquired a
unique understanding of the market's roles and benefits for the
private investor. Having trained as a barrister, Justin took up
international corporate finance, working in both Africa and Singapore
then back in the UK. This led Justin to help found Broker Services in
1986, which went on to become Barclays Stockbrokers where he was
Corporate Development Director. In early 2001 he co-founded Seven
Investment Management (7IM).
He visited High Wycombe to host a seminar for Seymour Taylor in
conjunction with Financial Management Bureau (FMB) outlining his
thoughts on the current financial turbulence and his strong belief
that, if properly planned and managed, clients should be in an
extremely strong position to weather the storm.
"People need to remember that there's a difference between a flutter
on the 2.30 at Newmarket and longer term money such as pensions. At
times like this people get worried and want to sell out; a private
investor always sells at the bottom and buys at the top".
Despite the current economic turbulence Justin remains upbeat seeing a
way through the inevitable downturn.
"The most important thing is to remember investments are investments –
not short term punts," he said. "Don't just invest in stocks and
shares but build a broad portfolio – and don’t put all investments in
the same sector or the stock market alone."
Justin's final piece of advice – "If you are planning to invest,
don't, invest in planning!"
Seymour Taylor believe in offering their clients the optimum service
in all aspects of their finances, hence their close relationship with
Financial Planners,
FMB.
Managing Partner, Bill Johnston, explained "As a firm of Chartered
Accountants we are just as aware that as well as the services we offer
our clients are also in need of proper financial planning whether it
be for their own personal finances or as a business looking to protect
themselves or their employees. FMB will offer the same level of
service to our clients as we do ourselves".
Liz Beavis, Managing Director of FMB went on to add, "FMB have always
been at the cutting edge of technology and market changes hence our
decision to work with Justin's firm 7IM. Traditionally, Financial
Advisers and Stockbrokers have been competitors with neither doing the
other's job particularly well. Advisers had the wherewithal to
properly plan a client’s financial wellbeing but did not have the
resources to properly manage the underlying investments. Stockbrokers,
on the other hand, were good at managing portfolios but didn't have
the knowledge or ability help the client outside that remit. For
example, how many Stockbrokers give advice on Inheritance Tax planning
schemes?
With the changes to financial services and a demand for quality
service the leaders in the industry, are changing the way they
operate. Thankfully Justin had the foresight to see this and set up
7IM a few years ago. Very simply, by working together with all of our
professional partners, we are able to provide holistic financial
planning. This is done by producing an individual plan for the client
which is reviewed on a regular basis. The plan may involve various
underlying products such as pensions and ISA’s, but all the investment
management is done by 7IM.
Now we can spend 100% of our time doing what we should be doing which
is having more regular client meetings and reviews and 7IM can spend a
100% of their time doing what they should be doing which is managing
our client’s money. For this reason 7IM only work with Financial
Planners of the highest quality and in fact only 15 firms throughout
the UK".
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