Westside Article – July 2020

We hope all Westside readers are keeping well during this difficult time. The affect of Covid-19 is still being felt world-wide and financial markets have been volatile, as you would expect in times of uncertainty, with many sectors and funds being adversely impacted.

At Hamnett Wealth Management, our investment philosophy has always been to look to the long term.  We have never attempted to predict the immediate path of the stock markets and we are not about to start now.  Over the last 30 years, we have witnessed several global crises. Each one different from the last. However, what we have learnt from all of them is to keep calm and endure.

There will be those of you who want to ‘do something’ but often the best, and hardest, option is to do nothing. Whilst uncertainty can create anxiety, don’t be tempted to make any rash decisions.  We are in constant contact with the fund management groups and the over-riding sentiment that we are hearing is that Covid-19 will have an impact on all businesses – some more than others.   Therefore we are currently looking at the possibilities and focusing on those companies that can weather this storm and will continue to adjust our portfolios over time.

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We are pleased to welcome a new Advisor to the team, Erica Dietsch.  Erica is an extremely experienced Financial Advisor who has worked with individuals and small businesses on all aspects of financial planning. 

Erica said: “I am looking forward to joining the Hamnett Wealth team. When the opportunity arose, I jumped at the chance to help Jonathan and Phil grow the business. I have always admired the way that they operate and how they have built a loyal base of clients who rely on them for managing their finances.  They both share my passion for providing clear, concise and transparent independent financial advice.”

Jonathan Rowley, Director of Hamnett Wealth, said: “I have known Erica both personally and professionally for many years. When we needed to expand the team, I knew that Erica would be the ideal person to help us grow our advice capabilities.  Erica is well known to many in Sheffield, having worked for the last 12 years at a local firm of Chartered Accountants. Erica has a very personable approach and I am sure she will fit into the existing team well.”

If you would like one of our Advisors to review your finances, are unsure of how your portfolio is performing, or want to look at alternate ways to get a good return on your savings and pensions, please call us on 0114 235 3500 for a free initial meeting.  Our office is operating as normal but we can also offer appointments by telephone or Facetime, Microsoft teams & Zoom.

You can read this month’s Westside online at https://www.rmcmedia.co.uk/magazines/westside/