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How Windy Is It . . . ? Monday, 8th December 2014 – No.106

So, how windy was it last week? It was a southerly wind last week, which according to Greek mythology is Notus, the god of the South Wind, which while being very warm, it also brings mist and fog, hindering visibility. What is the relevance? Last week’s news was warm, with an interesting Autumn Statement from [...]

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Chancellor’s Annual Statement

Chancellor George Osborne delivered his 2014 Autumn Statement on Wednesday. We have produced a concise guide covering all of the key facts. To review the guide, please click here (the document will open in a separate browser). If you have any questions, please contact for Beaufort Planning adviser or contact us at enquiries@beaufortplanning.co.uk.

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How Windy Is It . . . ? Monday, 1st December 2014 – No.105

So, how windy was it last week? We had a mixed forecast with scattered showers, sunny periods and a blustery outlook. Each of these warranted inclusion in our growing list of Moments of Significant Influence: MSI #111: scattered showers came in the shape of the continuing fall in the oil price (as highlight in MSI [...]

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How Windy Is It . . . ? Monday, 24th November 2014 – No.104

So, how windy was it last week? Continued political disruptions in Japan and steadily accumulating factors making fresh economic stimulus in the Eurozone all but inevitable, have not prevented global stocks from heading toward another week of gains. The risk-seeking tone of trading last week was given a further boost by news last Friday morning [...]

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How Windy Is It . . . ? Monday, 17th November 2014 – No.103

So, how windy was it last week? After the blizzards of the previous month, this was a relatively calm week. Most of the wind was covering the same ground as previous weeks and there was nothing noteworthy to make it into the growing list of Moments of Significant Influence. We did however have an initial [...]

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How Windy Is It . . . ? Monday, 10th November 2014 – No.102

So, how windy was it last week?

It was unseasonably calm, especially with political risk in the form of the US midterm elections, however market expectations were met with Republicans having a better week than Obama and the Democrats. All talk was about Japan and the gathering excitement of their promise of more liquidity. This must have had a feel-good effect as the European Central Bank (ECB) announced their own injection of capital. This is certainly a Moment of Significant Influence:

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How Windy Is It . . . ? Monday, 3rd November 2014 – No.101

So, how windy was it last week?
It was as calm as we had hoped, with the Federal Reserve sticking to their flight path and ending their programme of asset purchases* and switching their attention to future rate rises. There was also a surprise from the other end of the globe, with the Bank of Japan (BoJ) announcing further quantitative easing (QE); as one door closes another one opens. Both of these merit inclusion in our Moments of Significant Influence:

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How Windy Is It . . . ? Monday, 27th October 2014 – No.100

So, how windy was it last week?
It was certainly a lot calmer than the previous week, as Central Banks around the globe continued to make the ‘right noises’ to placate the markets. Focus was firmly, and quite rightly, on the European Central Bank (ECB) and we saw two Moments of Significant Influence, one of which was slightly unintentional:

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How Windy Is It . . . ? Monday, 20th October 2014 – No.99

So, how windy was it last week?

It was stormy. It was very stormy. It felt slightly worse though as we had come from a period of relative calm; the key here is to put the week in context. Context is what enables us to make longer-term rational decisions. We have concluded, in our view, that we are experiencing a correction in the markets that is derived from the major economies moving from an easing in monetary policy, to a tightening. We saw a similar reaction last year when ‘tapering’ was first announced and this is a similar reaction to the end of that tapering and the start of a period of rising interest rates.

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Making Sense of the Noise

Beaufort Investments overview of the current financial market place. There is a lot of uncertainty in the world at the moment and financial markets do not like uncertainty. To name some of the main fears that have dominated proceedings recently, we have a softening of data from the US (which wasn’t that bad), the increasingly [...]

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How Windy Is It . . . ? Monday, 13th October 2014 – No.98

So, how windy was it last week?
Several issues ago (090 and 092 to be exact) we looked at the economic recoveries in the UK and US. With so much being talked about in Europe, we felt it was a opportune time to focus on the muted recovery in the Eurozone.

The three key indicators are quarterly Gross Domestic Product (GDP) the green line on the opposite graph, monthly unemployment the blue line and inflation (measured by CPI) the red line. As previously, the key point here is that GDP is indexed so that the pre-recession peak in the final quarter of 2007 equals 100.

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How Windy Is It . . . ? Monday, 6th October 2014 – No.97

So, how windy was it last week?
Last week the centre of the hurricane was in Italy. The European Central Bank (ECB) had its monthly meeting and expectations were high that Mario Draghi would deliver another press conference to satisfy the addicted needs of the market. He has a reputation of delivering powerful oratory, most recently at the Jackson Hole Symposium, this summer, however last week the markets were disappointed.

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How Windy Is It . . . ? Monday, 29th September 2014 – No.96

So, how windy was it last week?

It was fairly mild, or it may have just seemed like that after the past couple of weeks. It was one of those weeks that does not warrant too much comment, which reminds me of Windy No.031*. We will not write for the sake of writing. Is it the calm before the storm? Or just a pause for breathe?

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How Windy Is It . . . ? Monday, 22nd September 2014 – No.95

So, how windy was it last week?

It was probably the windiest week of the year, with the eye of the storm firmly focused on last Thursday, with three significant events coalescing on that day. We had, in no particular order, the Scottish Referendum, Janet Yellen’s post Federal Open Market Committee (FOMC) meeting and the European Central Bank (ECB) launching their Targeted Long Term Refinancing Operation (TLTRO).

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Scottish Independence – How will this affect the markets?

As the debate between the ‘Yes’ and ‘No’ camps heats up and the Scottish Independence vote looms, many people are asking, ‘How will this affect the markets?’ This is an interesting question.

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Beaufort Group Makes First Profit

The Beaufort Group of Companies is performing well under a long-term strategy rather than priming itself for a quick sale, Simon Goldthorpe has said.

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How Windy Is It . . . ? Monday, 15th September 2014 – No.94

So, how windy was it last week?
It was blustery in the highlands of Scotland as the potential risks of a ‘yes’ vote concentrated the minds of investors. News was dominated by opinion polls that swung heavily from ‘no’ to ‘yes’ and back to ‘not sure’ as varying scenarios were drawn up in the event that Scotland does indeed vote for independence.

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How Windy Is It . . . ? Monday, 08th September 2014 – No.93

The summer is over apparently and that means it will not be long before the old adages are rolled out to help everyone with their investment decisions. We do not rely on maxims to form our investment process, which has been built, refined and reinforced over almost* a decade. In Windy No. 046** we looked at the evidence behind the “sell in May and go away, come back on St. Leger day” saying and calculated the performance of the FTSE 100 between 1st May and 1st September since 1986. We have updated this chart to see whether the proverb held true for this year.

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How Windy Is It . . . ? Monday, 11th August 2014 – No.92

So, how windy was it last week? Two weeks ago, in Windy No. 090, we looked at the economic recovery in the UK, noting that the economy had finally broken through its pre-recession level. Good news indeed, although it was given the accolade as the slowest post-war recovery. In contrast to the protracted UK recovery, [...]

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How Windy Is It . . . ? Monday, 04th August 2014 – No.91

So, how windy was it last week?

If we put aside the geopolitical risks in Eastern Europe and the Middle East, that is tortuously increasing in intensity and frequency, we must continue to review the economic recovery and Central Bank actions. This entails more entries to our Moments of Significant Influence.

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How Windy Is It . . . ? Monday, 28th July 2014 – No.90

So, how windy was it last week?
Even with the lingering threat of geopolitical unrest, markets continue to muddle through. This surprising mildness does allow us to pause for breath and reflect on the first half of 2014. We can also update the chart from Windy No. 076.

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How Windy Is It . . . ? Monday, 21st July 2014 – No.89

So, how windy was it last week?
It was a breezy week, with Central Banks taking the (centre) stage to give their interpretations of the economy, the shape and direction of the data and what they may, or may not, do. It gave rise for a brace of Moments of Significant Influence (MSI) as you will see below:

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How Windy Is It . . . ? Monday, 14th July 2014 – No.88

So, how windy was it last week?
It was fairly benign. There were no real shocks against expectations. The meetings and minutes from the Bank of England and Federal Reserve respectively, added to the sense of an uneasy calm; no shocks were forthcoming, there is however, a vein of uncertainty run-ning through the bedrock of the global economy.

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How Windy Is It . . . ? Monday, 07th July 2014 – No.87

So, how windy was it last week?
The start of the second half of the year saw markets reach new record highs, worthy of being recorded as a Moment of Significant Influence:

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How Windy Is It . . . ? Monday, 30th June 2014 – No.86

So, how windy was it last week?
It was a week with scattered showers and bursts of sunshine; uncertainty in forecasts has left investors worried, as forward guidance starts to lose its credibility and we move environments from Goldilocks to Emperor’s New Clothes. This segues nicely as we look back at Mark Carney’s first year at the helm of the Bank of England (BoE) and the founder of forward guidance.

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Retirees Income Squeezed To Support Families.

Two in five (39%) people planning on retiring this year provide financial support to their families or other dependants, according to new research by Prudential. The research into the ‘Class of 2014’ is Prudential’s seventh annual study tracking the future plans and aspirations of people who plan to retire in the next year. It reveals that retirees who still provide regular support to their dependants pay out an average of £250 per month, or £3,000 over the course of a year.

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How Windy Is It . . . ? Monday, 23rd June 2014 – No.85

So, how windy was it last week?
There was a metaphorical gentle breeze with Janet Yellen, Chairwoman of the Federal Reserve, delivering a reassuring message for investors in both the equity and bond markets, at the press conference following the meeting of the Federal Open Market Committee. In essence the speech conveyed an encouraging assessment of the economy, while down playing the risks of inflation. This was encapsulated with the Fed sticking to its script and tapering asset purchases by a further $10 billion a month.

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How Windy Is It . . . ? Monday, 16th June 2014 – No.84

So, how windy was it last week?

In what was supposed to be a relatively quiet week, we had one of the heads of a central bank taking the headlines. This was a Moment of Significant Influence, as our own Mr Carney replaced ‘forward guidance’ with ‘fore-warned guidance’!

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How Windy Is It . . . ? Monday, 9th June 2014 – No.83

So, how windy was it last week?

We have the winds of change blowing across Europe, with the head of the European Central Bank (ECB), Mario Draghi, announcing a draft of measures to combat deflation and quicken the economic recovery. It was nearly two years ago that the president of the ECB famously declared to do “whatever it takes” to preserve the Euro and the Eurozone, and now after two years of ‘talking-the-talk’, we are finally getting the ECB to ‘walk-the-walk’ and that is most definitely a Moment of Significant Influence.

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Living Longer

A new report from MGM Advantage, put together with research conducted in October 2013, asked the following question of respondents: ‘Being as realistic as you can, approximately how old do you think you’ll live until?’ Compared to the last Office of National Statistics (ONS 2012) forecast, the answer from the 55-64 year olds, proved interesting.

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How Windy Is It . . . ? Monday, 02nd June 2014 – No.82

So, how windy was it last week?
It’s been a blustery few weeks since the last Windy report, with the anemometer spinning from deflation fears back to inflation, from worsening economic data back to strengthening economic data. It is a confused and uncertain world with our short-term glasses on and that makes our long-term view even more important, as we strive to avoid making knee-jerk reactions. Last week did have two Moments of Significant Influence though:

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Ten ways to save on IHT – Part Four

Over the last couple of weeks we have been discussing what can be done to reduce your potential IHT burden and we finish up this series of articles with a few final tips this week.
A few more tips to consider are;

Factor in your business and its structure Probably the last thing on your mind when setting up a business is what happens when you die. However, it is vital to get this aspect of business planning right to secure business relief from IHT, which can reduce the taxable value of your business assets to nil. On your death, HMRC will want to see the documents for setting up the business, whether it is a partnership agreement or articles of association. The wrong provisions can lead to a refusal of business relief, potentially leading to a large IHT charge.

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Ten ways to save on IHT – Part Three

Don’t forget about agricultural property relief if it applies to you. Agricultural property relief is another valuable relief, which, like business relief, can reduce the value of agricultural property to nil for IHT purposes. In assessing a claim for agricultural property relief, among other issues, HMRC will consider the status of the farmer at the date of a farmer’s death, when it will be necessary to show that the property was occupied for agricultural purposes and has been for the entire two-year period leading up to the date of death. An elderly farmer may therefore need to think very carefully about how best to continue the farming operation, making sure they retain a sufficiently active role, so HMRC is satisfied the property is being used for agricultural purposes at the date of death.

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Ten ways to save on IHT – Part Two

One way to reduce your IHT burden is to give assets away, however there is a right way and a wrong way to do this and people often fall foul of the rules. Don’t get caught out by making a gift with reservation. For a lifetime gift to be effective, the person making the gift [...]

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Ten ways to save on IHT – Part One

For many households, it recently seemed as if inheritance tax (IHT) was becoming a less pressing issue. This was mainly due to the government introducing the concept of the transferable nil rate band, (effectively doubling the amount couples could leave without incurring any IHT liability) in 2007. At the same time there was also mention of the possibility of estates of less than £1 million escaping tax altogether, although this has not yet transpired.

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How Windy Is It . . . ? Monday, 12th May 2014 – No.81

Last week the attention was on central banks and in particular the US Federal Reserve and European Central Bank (ECB). Their comments were significant enough to make our growing list of Moments of Significant Influence.

MSI #84: Mario Draghi stirred expectations that the ECB will finally act to stave off a lengthy period of low inflation that threatens the Eurozone’s economic recovery. To quote the president of the central bank, they are: “not resigned to accept” low inflation. Their continued reticence to ease policy has been seen as the biggest weakness in the Eurozone and the data releases will be key to whether the central bank acts next month. It’s time to walk the walk for Mr Draghi.

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Beaufort achieves Chartered status

The Chartered Insurance Institute has granted Beaufort Financial Planning corporate Chartered status.

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How Windy Is It . . . ? Monday, 05th May 2014 – No.80

Ah, another UK Bank Holiday.
This would normally mean a rest for us and Windy, as it was over Easter. However, we thought we would take this opportunity to look at the inescapable dilemma of investment management, in trying to be right, are we willing to bear the risk of being wrong? We talked about the double-edged sword, in issue #078, in terms of what themes we have been monitoring (data and central banks), but that analogy is fundamental in striving to achieve superior investment returns for our clients.

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The Benefits of Regular Savings

When people talk about investing, the conversation often comes round to timing and when is the best time to enter the market, or to withdraw from the market.

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How Windy Is It . . . ? Monday, 28th April 2014 – No. 79

So, how windy was it last week?

With such an important week as this week, last week was always going to seem a little flat in comparison. That said, there were murmurings of tie-ups in the pharmaceutical sector, increasing sanctions against Russia, predictions of actions from both the European Central Bank (ECB) and Bank of Japan (BoJ), as well as the Apple marketing machine gearing up for possibly the biggest raft of new launches we have seen for quite some time.

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The New ISA Environment

Chancellor of the Exchequer, George Osborne’s, shake-up of the Individual Savings Account (ISA) market may have been largely unexpected but it received a broadly warm welcome nevertheless.

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How Windy Is It . . . ? Monday, 14th April 2014 – No. 78

So, how windy was it last week?
It started off blustery but as the week progressed it got decidedly calmer. The duel towards the end of last week was between the US Federal Reserve’s dovish outlook and weak trade data from China and that makes it into our Moments of Significant Influence:

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Are you making the most of your fund at retirement?

If you are planning to retire in the near future, you are probably thinking about how to take an income from your hard-earned pension fund(s).

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Behavioural Finance

Investors are strange creatures: they wait until the market has risen before they put money in and then sell out when the market has plunged – or worse, hold on to a floundering stock, waiting for it to get back to the value they paid for it.

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How Windy Is It . . . ? Monday, 07th April 2014 – No. 77

So, how windy was it last week?
As we mentioned in last week’s edition of Windy, our focus was the monthly meeting of the European Central Bank (ECB). We expected some detail to be announced regarding possible easing of monetary policy, as inflation continues to stubbornly fall in the Eurozone. That is what we got. It also gives us another Moment of Significant Influence to add to our growing list:

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Clive Goldthorpe Wins Young Achiever Award!

Congratulations to Clive Goldthorpe, who was recently awarded the 4th annual Young Achiever Award from the Reading Institute of Insurance.

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Junior ISAs

A Junior Individual Savings Account or ‘JISA’ gives children the opportunity to start saving early – via cash, stocks and shares, or a combination of the two – within a tax-free wrapper.

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How Windy Is It . . . ? Monday, 31st March 2014 – No. 76

So, how windy was it last week?

Considering we are approaching the end of the first quarter of this year, it was relatively mild. This allows us a moment of reflection, as March is a pivotal month for anniversaries.

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Pension Investment Strategy – Part 2

On Wednesday I started discussing why and how to build an investment strategy to maximise your pension pot.

The more risk you take with your investments, then the higher the potential returns, but consequently also the potential drops are higher to and your investment journey is likely to be more volatile. Getting professional advice to ensure the risk fits your own circumstances is highly recommended.

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Pension Investment Strategy – Part 1

Over the last few weeks we have been discussing the different types of pensions and some of the technical rules to be aware of. This week I am discussing why and how to build an investment strategy to maximise your pension pot.

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How Windy Is It . . . ? Monday, 24th March 2014 – No. 75

So, how windy was it last week?

It was certainly windy and it was primarily coming from the world’s central banks. First in line to be added to our continuing list of ‘Moments of Significant Influence’ is the Federal Reserve:

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Chancellor’s 2014 Budget

On Wednesday 19th March, Chancellor George Osborne delivered his 2014 Budget.

We have produced a concise guide covering all of the key facts.

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Independant V.Restricted Debate

Andrew Bennett, managing director of the Beaufort Group, adds to the independent v. restricted debate.

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How Windy Is It . . . ? Monday, 17th March 2014 – No. 74

So, how windy was it last week?

Last week we looked at the five year anniversary of the Bank of England (BoE) reducing UK interest rates to their current historical low of 0.5%; at the time it was considered an emergency position that was only ever intended to last a year or so.

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Job Security – Are You Financially Prepared?

Despite the economy steadily improving, many people are still worried about their job security. This week we discuss a few practical steps that can potentially cushion the blow.

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2014 Budget – What Should We Expect?

Chancellor of the Exchequer, George Osborne, will deliver the 2014 Budget on Wednesday, 19th March – little more than three months after he delivered the Autumn Statement.

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How Windy Is It . . . ? Monday, 10th March 2014 – No. 73

So, how windy was it last week?

It was the five year anniversary of the Bank of England (BoE) cutting interest rates to a historical low of 0.5% and embarking on the first phase of quantitative easing; that certainly merits a Moment of Significant Influence:

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How Windy Is It . . . ? Monday, 3rd March 2014 – No. 72

So, how windy was it last week?

Well the situation in Ukraine has escalated with Russia being accused of direct provocation, after allegedly making unauthorised military incursions into Ukrainian territory. Alarmingly, this has echoes of another conflict: the run-up to the Georgian war of 2008. We think this conflict is possibly a little more complicated and as such, it should not be underestimated; we are keeping a close eye on how the rest of the world, and the markets, react to the developments. Focusing on the markets we do have another entry into our Moments of Significant Influence:

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How Windy Is It . . . ? Monday, 24th February 2014 – No. 71

So, how windy was it last week?

The two main driving forces for investors were present last week: fear and greed. On the one side we have the violent clashes in Kiev, where thankfully the Ukraine has now stepped back from the abyss and signed a comprise deal. That should stem any fears of contagion in the markets. On the other side we have Facebook buying WhatsApp for $19bn and the start of a possible Mergers & Acquisition (M&A) cycle, giving a renewed sense of optimism about the US recovery and keep February’s global equity rally intact.

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How Windy Is It . . . ? Monday, 17th February 2014 – No. 70

So, how windy was it last week?

It was very windy! In fact, nature played a part in this week’s edition of Windy being published a day late, thanks to landslides on rail networks and a very busy diary. We hope the wait is worth it. Last week added three significant moments to add to our growing list:

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How Windy Is It . . . ? Monday, 10th February 2014 – No. 69

So, how windy was it last week?

Despite the parallel between the weather in the UK and the markets around the world, last week did not produce much in the way of noteworthy news.

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Company directors make plans and do forecasts all the time.

Company directors and owners of SMEs make plans and do forecasts all the time. Cash flow forecasts, SWOT analyses, plans for renewals and refurbishment; there’s hardly a day when they’re not eyeball to eyeball with a spreadsheet.

So why do so many of them fail to plan their own retirements? With studies suggesting that only 1 in 3 directors and business owners has a comprehensive retirement plan in place – and that only 1 in 2 of those with a plan see that plan succeed – there is clearly a need for more directors to plan properly. Why do so many of them fail to do so?

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How Windy Is It . . . ? Monday, 3rd February 2014 – No. 68

So, how windy was it last week?

Last week was windy in emerging markets territories and our views on those squalls will have to wait for a different Monday morning, as today we wake with a new person in charge at the US Federal Reserve.

This edition of Windy is dedicated to Ben Bernanke, the outgoing chair and possibly one of the most significant central bankers in our time. We are confident that history will look favourably on Mr Bernanke, who had to be creative and courageous at the most difficult of times. The US was lucky to have a man that just happened to be one of the greatest experts * on the Great Depression at the helm of their central bank when the credit crisis arose and we thank him for the past eight years.

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How Windy Is It . . . ? Monday, 27th January 2014 – No. 67

So, how windy was it last week?

It was windy, but we think that can be explained by the increased amount of hot air being expelled from Davos*. Talking of rhetoric and bombast, our thoughts turn to forward guidance as the latest minutes from the Monetary Policy Committee (MPC) of the Bank of England were released. To quote directly from these minutes, the MPC “saw no immediate need” to raise rates even if its 7% unemployment threshold is hit soon.

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Beaufort at the Alternative Investment Summit

Group Chairman and Managing Director of Beaufort Asset Management, Simon Goldthorpe, talks to Daniel Kiernan at the Alternative Investment Summit.

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How Windy Is It . . . ? Monday, 20th January 2014 – No. 66

So, how windy was it last week?

More wet than windy last week for both the weather and the markets, however that didn’t stop Moment of Significant Influence #69 coming into focus.

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How Windy Is It . . . ? Monday, 13th January 2014 – No. 65

So, how windy was it last week?

Not very. The first full trading week of the new year ended on a slight sour note, as weaker than expected job data released in the US cast doubt on the Fed’s pace of monetary tightening. Unemployment still fell though, down to 6.7%, however this was as a result of people dropping out of the labour market rather than new jobs being created. The participation rate is the lowest it has been since the 1970s.

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How Windy Is It . . . ? Monday, 6th January 2014 – No. 64

So, how windy was it last week?

In terms of this island’s meteorology, it was very windy as we were hit with extreme weather conditions that made for a not-so-pleasant welcome to the New Year. For the markets, it has been fairly calm and almost a repeat of last year when we woke to find the major indices across the global hitting new record highs.

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How Windy Is It . . . ? Monday, 23rd December 2013 – No. 63

So, how windy was it last week?

We are close to asking “How windy was it last year?” and with that in mind we looked back to our last Windy of 2012*. We picked out eight investment institutions and asked what their predictions were for the finishing price of the S&P 500 in 2013.

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The Real Value of a Pension

With increasing life expectancy and decreasing state provision, now is the time to think about pension planning.

The good news is that, collectively, we’re all living longer. The bad news is that the government can’t continue to keep us in our old age in the manner to which we’ve become accustomed. The state pension age is set to steadily increase and, by 2046, it’s planned to reach age 68. Sceptics would say that someone aged under 30 today will be lucky if they get a state pension at all (but that wouldn’t be popular with the electorate – better to let us down gently). Perhaps in the future, the notion of retirement – years of work free life filled with leisure time – will seem like a quaint one. A post-war dream that sort of fizzled out. Perhaps.

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How Windy Is It . . . ? Monday, 23rd December 2013 – No. 62

So, how windy was it last week?

If you measure the volume of words used around one particular topic, then last week was windy. Probably one of the windiest we have seen for a long, long time. The much anticipated ‘tapering’ was unveiled at the Federal Reserve’s Open Market Committee meeting last week and we have our most important Moment of Significant Influence. Here is MSI #67.

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How Windy Is It . . . ? Monday, 16th December 2013 – No. 61

So, how windy was it last week? Considering what could have been a potentially disastrous week the reality was rather less fraught. In fact, we saw some forward thinking from policymakers in Washington DC.

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How Windy Is It . . . ? Monday, 9th December 2013 – No. 60

So, how windy was it last week?

It was relatively calm last week and we suspect that this could very well be the proverbial calm before the storm. There were a few Moments of Significant Influence though and these will feed into events over the coming weeks:

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Chancellor’s Annual Statement

Yesterday, Chancellor George Osborne delivered his 2013 Autumn Statement.

We have produced a concise guide covering all of the key facts.

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Have You Protected your Pension Lifetime Allowance?

A valuable opportunity is available at the moment which could allow you to save tax on your future pension benefits.

We should start by clarifying exactly what the pension lifetime allowance is. When the pension legislative regime fundamentally changed in April 2006 (known as ‘pension simplification’), the lifetime allowance concept was introduced. It’s a cap applied to the amount of pension pot which an individual can build up in their lifetime without an additional tax charge being applied when benefits are taken.

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How Windy Is It . . . ? Monday, 2nd December 2013 – No. 59

So, how windy was it last week?
It was a pretty mild week, considering the time of year. We had a new high for the US stock market, with the S&P 500 staying persistently above the 1800 point boundary, but ending slightly down for the shortened week.

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Thinking about Investment?

Investing both profitably and safely has never been easy.

It’s all too easy to chase the latest investment fad or ignore real long term value.

Share prices, foreign exchange rates, interest levels, the value of commodities, plus a fast changing world economy and political scene, all add up to a heady and volatile mixture.

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How Windy Is It . . . ? Monday, 25th November 2013 – No. 58

So, how windy was it last week?

It seemed relatively calm as world equities made modest gains and looked increasingly relaxed at the prospect of an early move by the US Federal Reserve to start it’s infamous ‘tapering’. Was the dress rehearsal perfectly engineered by Ben Bernanke, which saw the curtain being raised by his comments on 22nd May? We would like to think so.

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How Windy Is It . . . ? Monday, 18th November 2013 – No. 57

So, how windy was it last week? One of the focus points that we highlighted for last week was the publishing of the latest inflation report, from the Bank of England and the report certainly hit the headlines.

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How Windy Is It . . . ? Monday,11th November 2013 – No. 56

So, how windy was it last week? It was devastating for the Philippines, which was hit by one of the most powerful typhoons ever recorded, with up to ten thousand killed and many more stranded without shelter, food or power. Truly horrendous.

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The Equip Portfolios – 9th Anniversary Special

The 1st November 2004 seems like a long, long time ago and looking back on that dry, unseasonably warm* Monday, I do not believe I could have imagined how popular and successful the Equip investment process has been.

This is a short celebration of nine years of investment with Equip and what we have seen along the way. Probably the best analogy of why active management is critical to our success was the domination of Blackberry as the market leader in mobile communication. In 2004 Blackberry were the pioneers and paved the way for the smartphone revolution, however fast forward nine years and the company announces its intention to sell, due to their increasingly unfavourable financial position and lack of competitiveness.

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How Windy Is It . . . ? Monday, 4th November 2013 – No. 55

So, how windy was it last week? Well, it was actually incredibly windy, meteorologically speaking, as severe winds hit the UK and stripped the trees of their autumnal colours. Turning back to the markets, it was actually a relatively calm week with very little to report or comment on.

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How Windy Is It . . . ? Monday, 28th October 2013 – No. 54

Windy Special: Neil Woodford

As promised last week and not wishing to waste a Monday while I am away, here is the Windy report focused around a single fund manager, namely Neil Woodford of Invesco Perpetual.

MSI #58: on Tuesday, 15th October, it was announced that Neil Woodford would be retiring from Invesco Perpetual to set up his own fund management venture. Neil has had an amazingly successful 25 years and has been a mainstay within our portfolios since they launched* almost 10 years ago. The graph opposite shows the performance of his Income fund since we were invested against the sector’s average fund. It is impressive and shows the reason why I believe we will stay invested until April next year, which is when he intends to leave.

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How Windy Is It . . . ? Monday, 21st October 2013 – No. 53

So, how windy was it last week?

It looked set to serve up a storm but in the end it didn’t deliver the tempest I had envisaged. I am of course talking about the temporary resolution to the US debt ceiling and that the phrase ’kicking the can down the road’ has re-entered our short-term vocabulary.

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How Windy Is It . . . ? Monday, 14th October 2013 – No. 52

So, how windy was it last week?

Apart from the much publicised privatisation of the Royal Mail and the continuing squabbles in Washington, last week lent itself to a single person being permanently thrust into the spotlight: Janet Yellen.

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How Windy Is It . . . ? Monday, 7th October 2013 – No. 51

So, how windy was it last week?

It was very windy and marks October as a defining month for the world’s politicians. Last week is best explained through a series of Moments of Significant Influence:

MSI #51: in the US, Republicans strive to unravel Obamacare, while a deadlocked Congress has created a partial government shutdown for the first time in 17 years. Although this is serious, even more challenging and dangerous will be the debt ceiling discussions, which are due to start in a few week’s time.

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How Windy Is It . . . ? Monday, 30th September 2013 – No. 50

So, how windy was it last week?

I spent most of it tapping on the office barometer checking for signs of a storm, after the Fed backtracked from tapering. Two things look to have made Ben Bernanke blink* in the last couple of weeks and neither had to do with the unemployment rate. First, there was some general concerns about the impact the rising dollar was having on several emerging markets**. Second, Ben was clearly troubled by the thought of a re-run of the debt ceiling debacle of a year ago (see Windy No.15). Indeed, the US debt ceiling has taken over from tapering as the ‘over-used-word(s)-of-the-week’ with the statutory limit on debt of $16.7 trillion being reached in two weeks time.

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How Windy Is It . . . ? Monday, 23rd September 2013 – No. 049

So, how windy was it last week?

The forecast was for strong winds but in the end they never materialised. The Federal Reserve sprung a surprise on the markets by keeping its asset purchases steady at $85bn a month; this can only mean we have another Moments of Significant Influence:

MSI #48: the US Federal Reserve decided not to taper asset purchases, indicating that whilst the economic data was improving the quality and consistency of that data is not robust enough to justify a relaxation of the stimulus. This is not what was expected as the consensus had primed the markets for a tapering of quantitative easing, however, it is from the Fed’s point of view, understandable.

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The Experience Economy

Pine and Gilmour wrote a book called ‘The Experience Economy’ about how consumer expectations are rising and how just providing goods and services, no matter how good or innovative, is not a viable model for the future.

They wrote: “Those businesses that relegate themselves to the diminishing world of goods and services will be rendered irrelevant. To avoid this fate, you must learn to stage a rich, compelling experience.”

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How Windy Is It . . . ? Monday, 16th September 2013 – No. 048

So, how windy was it last week?

It felt fairly calm and I wondered if it might be preceding the proverbial storm, as next week looks pivotal for the rest of this year and potentially the coming years ahead. Back to this week and it was the five year anniversary of the collapse of Lehman Brothers and being a significant milestone we had many articles looking at the lessons learnt over the past half-decade.

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How Windy Is It . . . ? Monday, 9th September 2013 – No. 047

So, how windy was it last week?

At the summit of Helvellyn, with 50mph winds, almost zero visibility and driving hail, I considered it fairly blustery as I hiked across the Lake District raising money* for the Youth Adventure Trust.

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How Windy Is It . . . ? Monday, 2nd September 2013 – No. 046

So, how windy was it last week?

I am taking a break in two senses of the word; firstly I am off on holiday in France* this week, before the children go back to school and secondly I am taking a slightly different stance with Windy this week.

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How Windy Is It . . . ? Monday, 26th August 2013 – No. 045

So, how windy was it last week?

The summer squall continued with central banks at its centre. The barometer is explicably moving towards ‘Taper’ and the release of the Federal Reserves minutes last week continued that move of reducing the amount of quantitative easing from the US. The expectations are that the US could start tapering as soon as next month, however the minutes do not appear to have settled on whether the economy will be strong enough to withstand a first tapering step at the next meeting.

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How Windy Is It . . . ? Monday, 19th August 2013 – No. 044

So, how windy was it last week?

So far this summer we seem to have avoided our now traditional summer liquidity crisis. Perhaps this reflects the fact that Europe appears to be on hold until the German elections (see Windy No.016) in the autumn, or more likely that after five years of deleveraging the financial sector, the big leveraged macro bets are just not there to destabilise us. That is why tapering is so important, as it reduces the possibility of another leveraged breakdown and the release valve is central bank communication.

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An introduction to Behavioural Finance – Part 2

Behavioural Finance uses psychology to understand why investors make the financial decisions they do and can help identify common traps which investors fall into when making decisions.

In Part One of these articles about Behavioural Finance I introduced you to System 1 and System 2 and how some of the principles of modern economic theory do not actually fit with human behaviour.

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How Windy Is It . . . ? Monday, 12th August 2013 – No. 043

So, how windy was it last week?

It was mild for August and presented the Bank of England (BoE) with the perfect backdrop for the long awaited publication of the August Inflation Report. Last week, Mark Carney, the BoE’s new governor, broke with centuries of precedent to offer forward guidance on monetary policy. This as you would imagine, qualifies as a Moment of Significant Influence.

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Secrets of Financial Independence

One of the secrets to financial independence is to have a financial plan. Even if the plan is just a few notes jotted on a pad, it can be better than no plan at all. If you do not have a plan there is a danger you could end up just financially drifting, whilst hoping for the best.

Ultimately your financial plan should be about making the most of your life. We all know we are going to die one day, so why not aim to ensure that you have lived your life to its potential, and have done all the things you set out to do? A strong financial base will give you the freedom to make choices for you and your family.

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Financial Planning .v. Financial Advice, what are the differences? – Part 2

The process of financial planning puts the client’s goals, needs and objectives at its core. It’s an integrated approach that looks at the whole holistic picture and looks to balance the different strategies recommended in a way that puts the client in control of their financial future with clarity and confidence. The solution is the financial plan, and implementing the recommended actions. This can then be augmented by an ongoing relationship and service that develops to ensure the plan remains current and on track.

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An introduction to Behavioural Finance – Part 1

Behavioural Finance uses psychology to understand why investors make the financial decisions they do and can help identify common traps which investors fall into when making decisions.

This is the first in a series of articles about Behavioural Finance and in this one I will aim to set the scene and offer an understanding as to why it is starting to become increasingly important and influential in financial planning.

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How Windy Is It . . . ? Monday, 5th August 2013 – No. 042

So, how windy was it last week?

It was breezy, but nothing like the storms that previous Augusts have heralded. Then again, we are only a few days into the 8th month so let’s not get too carried away. That said, the markets did get carried away on the back of reassuring central bank commentary and encouraging global data.

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Financial Planning .v. Financial Advice, what are the differences? – Part 1

In some countries the use of the title “financial planner” is tightly controlled and regulated, but not here in the UK. There is nothing to stop anyone from using this title, regardless of whether they really are actually a financial planner or not.

In financial services, advisers use a wide range of titles, but you need to check if it really does describe what they do. Are they really a wealth adviser, financial adviser, financial consultant or a financial planner? And what is the difference?

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Corporate Bonds

Much has been talked about recently about the ‘Great Reversion’ from Bonds to Equities. Scenarios about the slow down of Quantative Easing (QE) creating widening yields are being played out in the chat rooms of direct investor sites and by some press commentators. But are the discussions valid? The answer sadly is neither yes or no….

There are a number of things that need to be taken into consideration when looking at Bonds as an asset class, but Bonds shouldn’t be seen in isolation. The issues that will impact prices and yields are the same for nearly all asset classes.

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How Windy Is It . . . ? Monday, 29th July 2013 – No. 041

So, how windy was it last week?

In retrospect it was fairly calm. Whether this marked a metaphorical holding of breath for the markets, as they wait for more (guidance) from the central banks this week, like Oliver holding up his bowl, or it could generally be that everything has calmed down, albeit for the time being.

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Protection – Life Assurance

It is very true that not everyone needs cover. Life insurance, however, for a family with small children, the need for this cover is obvious.

If you have dependants, you need to look at the consequences for them if your income were removed. Your income pays for the mortgage or rent, for food, utilities, entertainment, holidays and maybe school and university fees. Without you, the family would need to source an income from elsewhere – which might mean children losing their carer or going out to work rather than entering higher education.

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Your Opinions Count

Many businesses will tell you how wonderful they are, they invest in expensive advocacy programmes to highlight how satisfied their customers are with the product they offer.

We don’t have customers, we have clients, and clients who are free to spend their money with whomever they wish, so the continued payment of our fees is enough for us, we don’t need our ego massaged any further.

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Protection – Income Protection

Regardless of whether you are single or have several financial dependants, if you are suddenly unable to work, your income will disappear completely – and this will have a direct impact on both you and those around you.

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How Windy Is It . . . ? Monday, 15th July 2013 – No. 040

When you receive this issue of Windy I will already be on holiday in western France, hopefully having already successfully taught my four-year-old daughter to cycle without stabilisers. Ironically, this is exactly what the Federal Reserve is trying to do with the markets, as they give guidance on the tapering of quantitative easing (QE).

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Protection – Critical Illness Cover

It is a sad fact that while most of us are quite happy to insure our car, our house, our travel arrangements – and even our mobile phones – to their full value, few of us take quite as much care over our own health and that of our loved ones.

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How Windy Is It . . . ? Monday, 8th July 2013 – No. 039

So, how windy was it last week?

As I expected, Mark Carney’s arrival as governor of the Bank of England (BoE) last week has had a dramatic effect on communication strategy. It also warrants new entries on our ever growing list of Moments of Significant Influence…

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How Windy Is It . . . ? Monday, 1st July 2013 – No. 038

So, how windy was it last week?

I know I said there would be sabbatical for the Windy report, however there is just too much going on to pause for breath. Markets ended the week (and quarter, and half-year come to that) on a calmer note as positive developments were reported in the US, China and Japan. There was a concerted effort from central banks globally to play down the prospect of quantative easing being scaled back, with William Dudley, president of the New York Federal Reserve, confirming that policy makers may prolong their asset purchase programme should the US economy fail to meet the forecasts.

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Making the Cost of Investment Clear

When you make an investment it has often been unclear to the investor what the total costs of the investment are, who the different parties involved are and how much they individually get paid? Typically when you make an investment there are three main parties involved, in addition to you as the investor: There is your financial adviser, the provider of the product or wrap / platform account and finally the managers of the funds you choose for your account or bond.

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How Windy Is It . . . ? Monday, 24th June 2013 – No. 037

So, how windy was it last week? It was another bumpy week, which was fully expected as we had the much anticipated meeting of the Federal Reserve’s Open Market Committee (FOMC) meeting. That has brought with it some more additions to our growing list of Moments of Significant Influence …

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How Windy Is It . . . ? Monday, 17th June 2013 – No. 036

So, how windy was it last week? We start off by adding another Moment of Significant Influence to our records:

MSI #33: Politics and policies ruled the headlines last week with the announcement that Stephen Hester was to step down from RBS later this year, followed a few days later with the news that Paul Tucker, the deputy governor of the Bank of England (BoE) was also stepping down. It would seem that the government is now focusing on growth ahead of the arrival of Mark Carney as the new BoE governor next month and priming the pump for the next general election.

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Is a Financial Planner a Salesman?

Is a Financial Planner a Salesman? Here is a quick guide to what we believe are the differences between a Salesman and a Financial Planner…

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How Windy Is It . . . ? Monday, 10th June 2013 – No. 035

So, how windy was it last week? Last week continued the trend of uncertainty with mixed economic indicators in the US, clouding the expectations of when the Federal Reserve will begin to wind down quantitative easing. This week marks the opening of reporting season, as companies are expected to report strong sales in recent months, with the cloud of this particular silver lining being industrial production tailing off.

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I love my profession …

A profession is about being more than just being financially successful, award winning or passing lots of exams, for us it is also about how we behave and act.

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How Windy Is It . . . ? Monday, 3rd June 2013 – No. 034

So, how windy was it last week? If the Beaufort Scale measured uncertainty rather than wind speed, it would have registered at least a 10 * last week as investors looked to exit the government bond market on fears that an improving economy will prompt the Federal Reserve to start turning off the tap of quantitative easing.

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Divorce and Separation are life changing experiences, a time when your life enters a new phase and direction

Divorce and Separation are life changing experiences, a time when your life enters a new phase and direction ~ a time of great emotional turmoil, which can easily be exacerbated by the financial challenges and decisions that need to be made.

In many instances, financial planners are brought into the divorce process to assist where the financial settlement has been agreed and are asked to implement what has been agreed.

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How Windy Is It . . . ? Monday, 20th May 2013 – No. 032

So, how windy was it last week? It was a tale of two cities and both are sufficient to be noted as Moments of Significant Influence (MSI):

MSI #29: on this side of the Channel we had Sir Mervyn King presenting his last Inflation Report amid appreciative applause, after the governor of the Bank of England (BoE) confirmed that a recovery was now in sight for the UK. This was tempered with warnings that there were still risks that might set the recovery back, however the BoE thinks Britain’s economy will return to its pre-crisis size a year from now, which is six months ahead of previous expectations.

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Inflation, compound growth and some lessons for investors.

I remember a time at school, sitting in a maths class when the subject of ‘compounding’ first raised its head. The example used by my teacher was one, which I am sure we have all heard; ‘if you place one tea leaf on the first square of the chess board, double it for every other square, how much tea would be needed by the last square?’.

We were all asked to guess without calculating the answer. Hands were raised, answers shouted and the teacher laughed. No one, not even the brightest is the class, came close. The answer of course is…well, I’ll leave you to work it out but it is more tea than all the tea in China.

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How Windy Is It . . . ? Monday, 13th May 2013 – No. 031

So, how windy was it last week? Well the equity markets continued to relentlessly grind higher, buoyed on by some positive data on US payrolls and Chinese trade, while cuts by the European Central Bank and Australian Central Bank have highlighted the continued policy commitment to do whatev-er it takes to generate growth.

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The benefits of continued low interest rates for canny mortgage holders.

With the current low interest rates we are experiencing and more people are moving on to their lenders standard variable rate (SVR) a number of canny mortgage holders, have taken the opportunity to pay off part of their mortgage by paying an additional amount each month. This will lead to long term savings in the total amount they will repay.

The reasoning behind this is, why have money in a savings account earning less than 1%, if you are then paying 3 or 4% on a mortgage. If this is the case you are paying out 2 or 3 times as much in interest on your mortgage than you are earning on your savings. Also you are probably paying tax on the little bit of savings interest you earn as well.

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Back in the day….our parents told us to always put something aside for a rainy day.

Back in the day….our parents told us to always put something aside for a rainy day. Then again, back in the day, our woods, parks and forests were full of Red Squirrels.

But, just like the other American disease, the Grey Squirrel, US funded cheap finance came to our shores and the discipline of saving was overrun by the discipline of debt. Now the poor old Red is rare, and savings levels are at an all time low.

Much has been said about the removal of incentives to save, Life Assurance Premium Relief (LAPR) was removed as long ago as 1984, Gordon Brown raided our Pension Pots with a tax on Dividends in his first budget in 1997, and continual change to savings accounts and products have just left confusion and disengagement from the every day saver. Even today, I read an article last week that stated that there was only one savings account that paid a level of interest above inflation.

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How Windy Is It . . . ? Monday, 29th April 2013 – No. 030

So, how windy was it last week? It felt fairly calm, with the UK avoiding a ‘triple dip recession’ with growth in the first quarter at an eye watering 0.3%. However, the spectre of a ‘triple dip’ is not completely dispelled as the growth figure is only an initial estimate and first quarter revisions have tended to work out lower, if the past is to be used as any sort of a guide.

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The growing popularity of buy-to-lets.

Over the last few years there has been a growth in the number of people who are “buy to letting”. This means they have purchased a property, & then they are renting it out to tenants (hopefully at a profit) rather than live in it themselves.

Some of these “investors” have specifically set out to own one or more properties & then researched the housing market to see what and where they wanted to buy. Others have become a “buy to letter” almost by accident. This could be due to relocating with work, moving in with a partner or been left a property as an inheritance. They may have tried to sell the property, but not received a good enough offer, so have decided to hold onto the property until prices improve.

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How Windy Is It . . . ? Monday, 22nd April 2013 – No. 029

So, how windy was it last week? We had the tragic events in the US with the bombings of the Boston marathon and the explosion of the fertilizer plant in Texas. It takes events like this to put everything back into perspective.

Turning my thoughts back to the markets, I was looking for the earliest indications of how first quarter growth figures would be received. What I saw was the iconic safe haven asset class that is gold crumbling downwards in its biggest drop in three decades.

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How Windy Is It . . . ? Monday, 15th April 2013 – No. 028

So, how windy was it last week? It was another week of records being broken with the Yen weakening to ¥99 per US Dollar for the first time since May 2009 and the markets in the US hitting new highs. We had the publication of the Federal Open Market Committee from the Federal Reserve which alluded to the potential easing of their monetary easing program. Economic data published since their meeting has seemingly worked against an early exit, all of which seems to have been good news for equities.

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For employers, Auto-Enrolment has almost nothing to do with Pensions!

The relentless march of Auto-Enrolment is underway with the largest employers in the UK already emerging from the process. Month by month, increasing numbers of employers will need to establish an appropriate pension arrangement, put the right systems in place, and engage their staff in the process and enrol them in to a suitable pension scheme.

The overall objective of Auto-Enrolment, to ensure that as many UK workers as possible save for retirement, is laudable and everyone at Beaufort is completely behind this important objective. It is critical to the future financial well-being of everyone in the UK that we all start to manage our financial wellbeing and future security by saving for retirement.

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How Windy Is It . . . ? Monday, 8th April 2013 – No. 027

So, how windy was it last week? Firstly, welcome back and I hope everyone had a great Easter. We have now put the first quarter of 2013 behind us, along with the wintery weather I hope.

Last Windy Report I finished with another entry to Moments of Significant Influence (MSI), where I looked at the simmering developments over the banking system in Cyprus. Two weeks on and it is as if nothing had really happened. That worries me and if you care to read my Quarterly Review, which will be issued this week, I look at the euro area in a lot more detail.

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How Windy Is It . . . ? Monday, 25th March 2013 – No. 026

So, how windy was it last week?

Budget Special – I’ve always wanted to type that as a title, although most of what I read in the newspapers on Thursday morning could have been condensed into a page of A4* rather than the typical 26 pages of broadsheets.

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Disclaimers

The Beaufort Group

Welcome to the Beaufort Group website. We hope you like what you see.

The content on the site should tell you about who we are and what we are like, but if you don’t have the time to look at the whole site, we would like you to understand this…we are a group of people that are obsessive about value and creating the best possible client outcomes, we are passionate about our clients, not just because they pay our wages but because if we weren’t we would have no reason to be here.

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The content on this site should tell you about who we are and what we are like, but if you don’t have the time to look at the whole site, we would like you to understand this: We are a group of people who are obsessive about value and creating the best possible client outcomes; we are passionate about our clients, not just because they pay our wages but if we weren’t we would have no reason to exist.

We speak our minds and can be argumentative. We are transparent, we are grounded, and we  all happen to work in Financial  Services.

We owe a huge debt of gratitude to Crowd Media who helped us form our ideas about this site. They did all the leg work but the content has been created by the Beaufort team.

From the stones concept through to the pictures of our people, to the marketing material, it’s all been created by us. And that’s how we want to keep it.

This is not because we don’t have the budgets for a marketing agency, we do. It is not because we are a small company and have little else to do, we aren’t that small and we’re all very busy.

But because this is how it should be. 

Warning – the content of this site is deliberately informal. We would like you to understand who we are and what we believe, our ethics and our behaviours. What we do and how we do it is more complicated. It will become clear when you pick up the phone and talk to us, so please don’t read this informality as a lack of professionalism, we are deadly serious when it comes to our business and our clients!

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The Stones

The Stones

In our marketing literature and on this website you will see pictures of polished stones, or pebbles. There is a reason for this which we will try to explain…

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In our marketing literature and on this website you will see pictures of polished stones, or pebbles. There is a reason for this which we will try to explain…

It is a constant debate within Beaufort where the idea for the stones originated. As the wise old lady once said ‘success has many parents, failure is an orphan’. Some say it was during one of our Monday morning team meetings over bagels and black coffee, some say it was an old sapient phrase from the investment management industry, some are not worried and just want to get on with it.

What we all agree on though, is what it means to us…The theory goes something like this: ‘For every 10 stones we turn over we find a gem under one, if we turn over 100 we will find 10. The winner of this game is the person who turns over the most stones.’ Anon (obviously)

The Stones represent all the things we have thought about. The black ones are the things we have dismissed. The white one is the ‘thing’ that is most appropriate for each particular client, and every client has a different stone. Simple?

We are proud to think that we talk to more people, read more research, attend more meetings, read more books, communicate more with our clients, take more exams, argue and agree, love and laugh, smile and frown more than any other business you will ever engage with, whatever you may ask them to do for you.

The Stones are what makes Beaufort different, it is what we do.

In the beginning we spent an afternoon throwing ideas together, drinking coffee, creating different stone concepts. We borrowed a camera, went to a studio and created all the images we have used in our marketing material. Nothing has been sourced from the internet. Time, plus a lot of effort, passion and thought has gone into these images, as well as huge amounts of fun.

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Financial services advice in your language

Established in 2012, the Beaufort Group of Companies has been created to address an increasing need for the provision of retail financial services advice and solutions. Whether you are an individual seeking income protection, a newly married couple looking at retirement planning or seeking to get on the property ladder, a ‘pensions millionaire’ confused by the complex options available or a multi-national trying to work out how best to address auto-enrolment and your closed DB scheme – we can help.

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Established in 2012, the Beaufort Group of Companies has been created to address an increasing need for the provision of retail financial services advice and solutions. Whether you are an individual seeking income protection, a newly married couple looking at retirement planning or seeking to get on the property ladder, a ‘pensions millionaire’ confused by the complex options available or a multi-national trying to work out how best to address auto-enrolment and your closed DB scheme – we can help.

We believe that our Partnership will be able to help. You may deal with just one Partner or you may deal with two or more – and maybe an Investment Analyst. No one person can be expert in all things areas so we always ensure that the most appropriate person deals with your needs.

Keep it Simple

If you have ever engaged with financial services (and most people have at some time in their lives), you will understand when we talk about the huge amount of effort that is put in to trying to confuse a consumer. It is not deliberate, we are sure, but layer upon layer of overly complex charges, language, disclaimers, terms and conditions have led many people to walk away from taking some of the most important actions in their lives. Even worse, they make the decision to engage without really understanding what, why or how much it is costing them.

Building, protecting and spending their wealth; protecting their loved ones from financial hardship; making sure the tax man’s share is fair but not more than it needs to be; ensuring that the schemes they put in place for their employees meets all their needs – it is an overly confusing area but it doesn’t need to be.

Beaufort aims to simplify all of its activities in a manner that is not only simple to understand but valued, easy to engage with and bespoke for the Client.

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Beaufort in 10

Short on time? We won't keep you long!

Transparent, trustworthy, visionary; heard it all before? So are we actually different? Cut to the core and find out about Beaufort in 10.

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  1. We are passionate about delivering the highest quality of services to our Clients.
  2. We believe in ‘fair value exchange’. We only receive income for the services we provide. We do not receive  income from anyone other than our Clients.
  3. We do not subscribe to either a fees or commission agreement. We believe that each Client should be given a choice, be fully informed of the implications of their decision and be allowed to pay for their services however they wish.
  4. We have little concern about how our portfolios perform against industry benchmarks. We are fully focused on delivering returns in line with Client expectations. Meeting our Clients’ expectation is all that matters.
  5. We do not believe a Client is a tradable asset. Our Partners are free to trade where they wish and so are our clients. Our Clients are our guests, free to spend their money exactly how and with whom they choose; why? because it’s their money!
  6. We believe that industry charges are too high, but a focus on cost can lead to inappropriate outcomes. We are totally transparent and don’t do anything without Client consent, including a full understanding of what they are buying and why.
  7. We aim to ‘cut to the chase’. We believe in creating regular dialogue with a Client that is truly engaging and enlightening, rather than a dull, generic and industry focused monologue.
  8. We believe in supporting our Clients to enable them to make the correct intellectual, moral and social decisions, as well as what is best in their commercial interests.
  9. We believe that success is a long game and are ‘in it to be in it’. We are frustrated by the current trend of ‘in it to be out of it’ business that raises short term capital, seeking riches at the expense of their Clients.
  10. Our non executives are independent specialists with challenging roles outside of the Beaufort Group. They are industry leaders and whatever ‘it’ may be, they get it.
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Code of Ethics

Beaufort Group is commitment to continuing professional development and adhereds to an industry standard Code of Ethics set by the Chartered Insurance Institute (CII).

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Beaufort Group is commitment to continuing professional development and adhereds to an industry standard Code of Ethics set by the Chartered Insurance Institute (CII). You can view the Code at http://www.cii.co.uk/code.

The code sets down the principles which all members of the CII should follow in the course of their professional duties. Members are obliged to comply with this code. If they do not comply, this may result in the CII taking disciplinary action against the member.

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The Giving Back Programme

All members of staff are offered one week extra paid leave to undertake a charitable activity and report back to the company the outcome.

In the current economic climate of perceived corporate greed, some social values have been lost as Directors place shareholder return above all else. The Beaufort Group intends to address this issue through two distinct initiatives.

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In the current economic climate of perceived corporate greed, some social values have been lost as Directors place shareholder return above all else. The Beaufort Group intends to address this issue through two distinct initiatives.

Firstly, all members of our team are offered the opportunity of one week’s extra paid leave to undertake a charitable activity and report back the outcome to their company. For instance, a Paraplanner may take five days out to work in an orphanage or to support a children’s charity. Where possible The Beaufort Group will fund travel and accommodation expenses.

The results of this initiative have many benefits from improved staff engagement and pride in the firm, to a stronger consumer franchise with an understanding of real company values. In turn, there will be a true programme of support for the community which the Group serves.

As part of this initiative we will offer an annual award to one individual, by application only, to work on an overseas charitable venture.

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Disclaimers

Financial Planning

Transparent, trustworthy, visionary; heard it all before? So are we actually any different?

Beaufort Planning has been created to provide and deliver sophisticated financial planning to individuals and companies in a transparent and value-driven manner.

A professional financial planning firm directly authorised and regulated by the Financial Conduct Authority, Beaufort Planning strives to provide the highest quality of financial advice in the most affordable, cost-effective and transparent manner.

Advisers

All of our Advisers are Partners in the firm. They are, we believe, of the highest quality and professional standing. They act for the Client and believe that the quality of what they do sets the success benchmark for the company. They all subscribe to achieving the highest level of qualifications, of professional standing and all have a strong moral ethic.

There are many great financial advisers out there, and we would encourage all of our Clients to regularly benchmark us against our peers. Our belief that success is obtained by the quality of our delivery, not by how much we can charge people, means our business will grow through developing and maintaining loyal and long-standing relationships.

Costs

We aim to be totally transparent. We believe in a ‘fair value exchange’ process. This means we only charge for the work we do and the only place we receive payment is from our clients.

If a product is part of a solution then we will source this and use our scale to drive down cost, and whatever we pay is the price our client pays. There are no hidden mark- ups or charges for services we do not provide ourselves.

Mistrust has been created in Financial Services by many stories of over-charging and reward structures that are unaligned with the client requirement. Inappropriate activities such as these just lead to investigations, fines and mistrust. Only one person pays us, the Client, who will only pay for the services we have agreed to provide at a price agreed before we do any work.

The Spine of our Operations

The Professional Partnership Model is the spine of our operations. It follows the basic model favoured by other professions such as lawyers and accountants thus creating Partners and Associates, an appropriate and effective business model. The Spine of our Operations

All of our Partners are business owners in their own right. They trade within an agreed set of rules and processes that ensure that any Client who meets a Partner will enjoy the same experience, irrespective of geography, need or budget.

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We have no ambition of global dominance, no plans to walk off into the sunset with untold riches, rather we all aim to run a business where success is determined by how happy our clients are. We have no bank to serve as we have no debt, we have one external shareholder (who provided funding and support when the idea was nothing more than an idea, a spreadsheet and a presentation) therefore over 90% of the business is owned by the Partners, Clients, Directors and Staff.

Our Non Executive team are truly independent with no equity interest or financial incentives, just fees paid to ensure we maintain the highest level of governance possible. Success to us will be determined by earning a decent living, supporting our families with a little bit left over to support those not as fortunate as us.

We know this is an unfashionable approach, but fashions only last one season. 

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Disclaimers

Investment Management

We believe in managing our Clients’ assets in-house, if appropriate. It is our view that the closer you work with your client the more you value them.

It is, therefore, important to keep in touch with the people we serve so alongside our Advisory and Consulting businesses we have created Beaufort Investment. This is a separate entity for the sole use of our Partners and their Clients.

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It is, therefore, important to keep in touch with the people we serve so alongside our Financial Planning and Consulting businesses we have created Beaufort Investment. This is a separate business for the sole use of our Partners and their Clients.

Within Beaufort Investment we do not offer Advice, we execute in the most efficient manner the agreed investment strategy between Partner and Client. By truly understanding the Client’s objective and by working closely with our Partners, we design and manage portfolios whose components are selected from the whole market of independent fund managers, at the best prices and after detailed due diligence.

Beaufort Investment is not a sales organisation and understands its core competencies. It will not be appropriate for every client and only those clients who have been through a robust process are offered its services. For other clients, where the management style and processes are not right, we undertake a full market review and make our recommendations accordingly.

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The Investment Management Industry

We believe that the Investment Management Industry has become divorced from its consumers. The Investment Management Industry

Here are a couple of examples of this that would be funny if they weren’t true;

Firstly, some people think an Annual Management Charge (the charge that is usually quoted) is what they pay to hold a fund. It isn’t.  What they actually pay is a Total Expense Ratio which includes all the items that are not included in the Annual Management Charge.  It is usually available if you search through the small print. You might have thought the word ‘Total’ would mean there was nothing else (to pay. Wrong! On top of this are further dealing fees that all add up to a figure called the Total Cost of Ownership. We have researched thoroughly but can not find a league table for these fees.

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Here are a couple of examples of this that would be funny if they weren’t true;

Firstly, some people think an Annual Management Charge (the charge that is usually quoted) is what they pay to hold a fund. It isn’t. What they actually pay is a Total Expense Ratio which includes all the items that are not included in the Annual Management Charge. It is usually available if you search through the small print.

You might have thought the word ‘Total’ would mean there was nothing else to pay. Wrong! On top of this are further dealing fees that all add up to a figure called the Total Cost of Ownership. We have researched thoroughly but cannot find a league table for these fees.

Secondly, a fund manager issues some marketing material which states ‘all of our funds have above average performance’. This translates into ‘we have closed all of our funds that have below average performance’ . This is called survivor bias.

There are a lot of firms and Advisors who understand the above, it is pretty basic stuff after all. They will scoff and scorn, some will even become fairly puritanical and start a crusade about injustices but we have found this usually means they have something alternative to sell. Our view is simple here – the Investment Management Industry is a necessary and fundamental part of delivering solutions to meet our clients’ needs. It is our job to understand all of the above, use those funds and assets that are suitable and dismiss the rest. Are we just being pragmatic? Or is there a science here?

The largest contributor to the Total Cost of Ownership number is Stamp Duty, paid to HMRC, on each trade made by the manager. Are we saying we want a cheap fund because we don’t want the manager to trade? A major part of our research is to look at, and understand, the portfolio managers’ turnover rates and the value they derive from these activities. Is this not what we are paid for?

As for survivor bias, that’s just humorous. It’s like a supermarket saying all of its items are cheaper than last year when they have just stopped selling the more expensive ones.

Understanding this is what we are paid to do.

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Online Portal

To view your investments managed by Beaufort Investment online, please click here.

Disclaimers

Corporate Consulting

Bringing together some of the leading practitioners in the employee benefits space.

Beaufort Consulting provides true value and expert services to corporate clients and their employees.

Providing intelligent bespoke support, not only on Day One but, importantly, on a regular on-going basis for as long as it’s required. We will help:

  1. Design and manage a full and comprehensive employee benefits’ programme.
  2. A company’s employees to maximise their retirement benefits.
  3. Firms gain full value from their benefit spend.
  4. Maximise opportunities from tax, legislative change and investments.
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Beaufort Consulting provides true value and expert services to corporate clients and their employees.

Providing intelligent bespoke support, not only on Day One but, importantly, on a regular on-going basis for as long as it’s required. We will help:

  1. Design and manage a full and comprehensive employee benefits’ programme.
  2. A company’s employees to maximise their retirement benefits.
  3. Firms gain full value from their benefit spend.
  4. Maximise opportunities from tax, legislative change and investments.

The team’s background and long-standing experience enables Beaufort Consulting to provide Clients with what they deserve: truly independent advice and corporate solutions that are truly fit for purpose.

We are passionate in our belief that all of our Clients should have access to the same level of service excellence and quality of solution, whether they are a start-up company or a FTSE multinational. Companies should expect, and indeed deserve, diligence and independence from their corporate consultant; and at Beaufort Consulting we continually strive to exceed our clients’ expectations.

Whether this is building bespoke solutions from an established benefits plan, or simply getting the most from existing benefit providers, our clients trust us to go that extra mile and deliver true value for the benefits spend.

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Our Services

Beaufort Consulting is the specialist corporate consulting arm of Beaufort Group.

CONSULTING

We work with you to provide bespoke and appropriate solutions.

AUTO-ENROLMENT 

Not just a pension issue but, rather, an administrative one that affects every employer. We have a solution regardless of your size or unique situation.

DB DE-RISKING

This is a market-leading proposition using some of the industry’s best and most experienced individuals. It is an established advisory process used for tens of thousands of individuals.

COMMUNICATIONS

A tailored communication programme will be created for each client based on your specific requirements with numerous communication options.

It is time for a change and Beaufort Consulting is here to help

The world of pensions and employee benefits is  undergoing unprecedented challenges and changes.

Auto-Enrolment, Real Time Information, Retail Distribution Review, and many others, will have a deep impact on all employers and their employees.

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Auto-Enrolment, Real Time Information, Retail Distribution Review, and many others, will have a deep impact on all employers and their employees.

The senior team at Beaufort Consulting has a combined total of more than 100 years’ experience in advising companies of all sizes and all sectors. We understand the issues you face and can help you to maximise the value of your budget against a backdrop of ever-changing legislation and evolving employee expectations.

New challenges mean new solutions and, at Beaufort Consulting, we have created a genuine 21st century proposition. Our service is designed to help you plan and establish a benefits strategy that is tailored not only to your particular workforce and budget but also to your wider business objectives.

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The right strategy for your organisation...

How does your firm measure value? Profit? Revenue? Competitiveness? Customer Service? The right strategy for your organisation...

However it is measured, over add in a space time your objective will be to increase this value through your activities. We want you and your business to exceed your goals and for your benefit plans to contribute towards that planned growth. We start by asking questions. Lots of questions.

Once we thoroughly understand your organisation, at all levels, and know what you want to achieve, we analyse what your benefit plans should look like to help you achieve this. Our close understanding of the benefit market allows us to recognise when a ‘good deal’ is a false economy which could result in a poor service. Our role is to unburden HR professionals and remove risk for companies and trustees alike.

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However it is measured, over add in a space time your objective will be to increase this value through your activities. We want you and your business to exceed your goals and for your benefit plans to contribute towards that planned growth. We start by asking questions. Lots of questions).

Once we thoroughly understand your organisation, at all levels, and know what you want to achieve, we analyse what your benefit plans should look like to help you achieve this. Our close understanding of the benefit market allows us to recognise when a ‘good deal’ is a false economy which could result in a poor service. Our role is to unburden HR professionals and remove risk for companies and trustees alike.

As your business moves forward there will be issues that will either help or hinder you in achieving your goal of growing the value in your organisation:

Assisting Factor: A positive influence on growth, such as increased employee engagement, decreased staff turnover or acquisition opportunities.

Limiting Factor: A negative influence on growth, such as the loss of key individuals, cost inflation or the loss of sales or business.

At Beaufort Consulting we aim to understand how your particular operation determines success; how you measure value and then use that information to help you to:

Maximise the number and impact of the Assisting Factors.

Minimise the number and impact of the Limiting Factors.

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...at the right cost

What does your benefit plan do for you, your organisation, or your employees?

Surveys have shown that more than half of all organisations have never measured the return their benefit plan offers. But like any other expense you should carefully measure and monitor what it does for you and its value. Engagement, retention and cost control all make a contribution to the bottom line for the business. Full stop.

Our consultancy process will help you quantify the financial impact you can deliver and set targets for future success. Our combination of expert strategic planning, deep industry knowledge and intelligent implementation will enable us to create a bespoke benefit programme that suits your organisation, your employees and your values!

Disclaimers

Join the Beaufort Team

Life at the Beaufort Group is fast-moving and full of challenges, but it’s also incredibly rewarding. As well as being a great place to work, our highly competitive rewards and benefits packages are designed to keep you motivated in your role to deliver a first-rate service to our customers, time and time again.

Building deep, long-lasting relationships with our customers is vital for the future of the Beaufort Group. We can only achieve this by ensuring that our team have the right skills, knowledge and professional qualifications to help our customers achieve what’s important to them.

Our learning opportunities will test your abilities, but will also provide you with the experience and transferable skills to succeed in whichever area of the company you choose to work.

We’ll encourage you to share your knowledge and skills so that together, we can be recognised as one of the best financial services companies by our customers, colleagues and shareholders.

Looking for a new career opportunity? Don’t be shy, give us a shout!

Don’t be shy, even if we don’t have any positions advertised, if you are interested in joining the Beaufort Group, give us a call.  The Beaufort Group is always looking for the Best and Brightest and it may be we just don’t know we need you yet.

Financial Adviser

(Diploma Level 4 Qualified)

We are currently seeking a Diploma qualified Financial Advisers to join our growing team.

The roles will be to provide holistic financial planning advice to an existing, warm client bank. You will also be expected to build relationships in order to develop new business opportunities and cross sell/refer business as appropriate.   There’s no need to bring your own client bank. The majority of your business will come from leads we provide; the rest is down to your own creativity.

The role is based in our Westerham Office with access to full admin and compliance support. Diploma status is a minimum requirement.

This is an excellent opportunity to join a forward thinking and expanding bank where the rewards are excellent.

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As the Financial Adviser within Beaufort you will be:

  • Working closely with our team of financial adviser and support staff to extract the information required to provide a seamless service to the client.
  • Liaising with providers, clients and their client services and compliance teams.
  • Managing the service levels, transactions and ongoing client servicing.
  • Producing client reviews with the client services team.
  • Overseeing the complete application process.
  • Preparation for meetings.
  • Completing written reviews.
  • Helping to provide solutions to clients’ needs giving them a service that exceeds their expectations.
  • Able to make suggestions and recommendations within the business to help develop the businesses whilst looking to continually improve the service offered.

 

Successful candidates will be able to demonstrate:

  • Experience within an IFA office
  • Diploma Level 4 Qualified
  • Technically minded and able to offer suggestions/advice
  • Able to work accurately and to precise detail
  • Personable and reliable
  • Excellent organisational skills
  • Able to work using your own initiative
  • Able to work as part of a small team and undertaking tasks as necessary
  • Well presented and professional

This is an exciting opportunity for experienced and driven individuals who are looking to make their mark with a reputable brand. We are looking for hardworking and dedicated employees and in return we offer you a challenging job role, coupled with a friendly work environment, competitive salary and career progression for the right person.

Only candidates that meet the criteria for this role and are eligible to work within the UK will be accepted for this role.

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Finance & Commissions Assistant

Based in our Westerham Office

An exciting opportunity has become available within the finance team for a Finance and Commission Assistant.

The main purpose of the role is to assist in the smooth running and day to day operation of the Finance Department in accordance with Company Policies and Procedures. The man duties will include; commission processing, daily banking, commission payments and any other duties as required.

The ideal candidate will be a determined and confident individual with a quick ability to learn. They will also be fully computer literate.
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Your key responsibilities would be:

  • Pass bank data to the Finance assistant daily.
  • Banking cheques received
  • Download cash transactions and cleanse the data for non back office matched receipts.
  • Obtain, collate and match provider statements to cash receipts.
  • Process Retainer receipts.
  • Prepare adviser commission runs and PDF payment reports
  • Input payments for authorization in Metro Bank.
  • Report unmatched and unallocated cash daily.
  • Report income, back office raw data weekly and monthly.
  • Answer Adviser commission queries.
  • Ad hoc reporting & duties as required

 

Successful candidates will be able to demonstrate:

  • Experience within an IFA office
  • Technically minded and able to offer suggestions/advice
  • Able to work accurately and to precise detail
  • Personable and reliable
  • Excellent organisational skills
  • Able to work using your own initiative
  • Able to work as part of a small team and undertaking tasks as necessary
  • Well presented and professional

This is an exciting opportunity for experienced and driven individuals who are looking to make their mark with a reputable brand. We are looking for hardworking and dedicated employees and in return we offer you a challenging job role, coupled with a friendly work environment, competitive salary and career progression for the right person.

Only candidates that meet the criteria for this role and are eligible to work within the UK will be accepted for this role.

 

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Disclaimers

Contact Us

Sooner work face to face? Please come and see us!

Beaufort Group (Reading)

Operations Centre
Beaufort House
85/87 Basingstoke Road
Reading, Berkshire
RG2 0HA

Switchboard: 01189 879400
Email: enquiries@thebeaufortgroup.co.uk

Beaufort Group (Westerham)

Advice Centre
Falcon House
Black Eagle Close
Westerham, Kent
TN16 1SE

Switchboard: 01959 567000
Email: enquiries@thebeaufortgroup.co.uk

Beaufort Planning (Boston Spa)

Boston House
214 High Street
Boston Spa
Leeds
West Yorkshire
LS23 6AD

Switchboard: 0845 013 4500
Email: info4bp@beaufortplanning.co.uk

Beaufort Planning (Brechin)

26 Clerk Street
Brechin
Angus
DD9 6AY

Switchboard: 01356 625285
Fax: 01356 625524
Email: enquiries@beaufortplanning.co.uk

Beaufort Planning (Essington)

Suite 46
Hilton Hall
Essington
Staffs
WV11 2BQ

Switchboard: 01902 863494
Email: enquiries@beaufortplanning.co.uk

Beaufort Planning (Fareham)

8a The Gardens
Broadcut
Fareham
Hampshire
PO16 8SS

Beaufort Planning (London)

M0.7
60 Lombard Street
London
EC3V 9EA

Switchboard: 020 3427 3205
Email: enquiries@beaufortplanning.co.uk

Beaufort Planning (St Helens)

17 George Street
St Helens
Merseyside
WA10 1DB

Switchboard: 01744 732661
Email: enquiries@beaufortplanning.co.uk

Beaufort Planning (Taunton)

First Floor
51/52 High Street
Taunton
Somerset
TA1 3PR

Beaufort Planning (Tonbridge)

5 Longbrooks
Knowle Road
Brechley
Kent
TN12 7DJ

Switchboard: 01892 725175
Email: enquiries@beaufortplanning.co.uk

Beaufort Planning (Westerham)

Advice Centre
Falcon House
Black Eagle Close
Westerham, Kent
TN16 1SE

Switchboard: 01959 567000
Fax: 01959 567019
Email: enquiries@beaufortplanning.co.uk

Beaufort Investment (Westerham)

Advice Centre
Falcon House
Black Eagle Close
Westerham, Kent
TN16 1SE

Switchboard: 01959 567000
Fax: 01959 567019
Email: enquiries@beaufortinvestment.co.uk

Beaufort Consulting (Croydon)

Beaufort Corporate Consulting
43 Friends Road
Croydon, Surrey
CR0 1ED

Switchboard: 0203 3668 3999
Email: enquiries@beaufortconsulting.co.uk

Disclaimers

Disclaimers

Beaufort Group

Beaufort Group is a trading name of The Beaufort Group of Companies Limited which is a holding company neither authorised nor regulated by the Financial Conduct Authority. The Beaufort Group of Companies Limited is registered in England Company No. 07902965.  Registered Office: Beaufort House, 85-87 Basingstoke Road, Reading, Berkshire, RG2 0HA.

Some subsidiaries of The Beaufort Group of Companies Limited are regulated by the Financial Conduct Authority.

Beaufort Planning

Beaufort Planning is a trading name of Beaufort Financial Planning Limited which is authorised and regulated by the Financial Conduct Authority.  Beaufort Financial Planning Limited. Registered Office: Beaufort House, 85-87 Basingstoke Road, Reading, Berkshire, RG2 0HA.  Registered in England, Company No. 07876189.

Beaufort Financial Planning Limited is a wholly owned subsidiary of The Beaufort Group of Companies Limited.

Beaufort Investment

Beaufort Investment is a trading name of Beaufort Investment Management Limited which is authorised and regulated by the Financial Conduct Authority. Beaufort Investment Management Limited. Registered Office: Beaufort House, 85-87 Basingstoke Road, Reading, Berkshire, RG2 0HA. Registered in England, Company No. 06150317.

Beaufort Investment Management Limited is a wholly owned subsidiary of The Beaufort Group of Companies Limited.

Beaufort Consulting

Beaufort Consulting is a trading name of Beaufort Corporate Consulting LTD. Beaufort Corporate Consulting LTD is an appointed representative of Beaufort Asset Management Limited, Beaufort House, 85-87 Basingstoke Road, Reading, Berkshire, RG2 0HA, which is authorised and regulated by the Financial Conduct Authority.

Beaufort Corporate Consulting LTD. Registered Office:  43 Friends Road, Croydon, Surrey, CR0 1ED. Registered in England & Wales, Company No. 08212953.

General Disclaimers

While every reasonable effort is made to ensure that the information provided on this site is accurate, no guarantees for the currency or accuracy of information are made. This website and material relating to information, products and services (or to third party information, products and services), is provided ‘as is’. It is provided without any representation or endorsement made and without warranty of any kind, whether express or implied, including but not limited to the implied warranties of satisfactory quality, fitness for a particular purpose, non-infringement, compatibility, security and accuracy.

Where performance data has been provided, this is for information purposes only. Past performance is not a guide to future performance. The value of investments and the income from them may go down as well as up and are not guaranteed.

The Beaufort Group does not accept any responsibility for any loss, disruption or damage to your data or your computer system which may occur whilst using material derived from this website.

In no event will the Beaufort Group be liable for any loss or damage including, without limitation, indirect or consequential loss or damage, or any loss or damages whatsoever arising from use or loss of use of, data or profits arising out of or in connection with the use of this website.

Any market or investment views expressed are not intended to be considered investment research.

No information contained in this website should be considered a recommendation to purchase or sell any particular security or investment.

The Beaufort Group is not responsible for the content or reliability of the linked websites. Linking should not be taken as endorsement of any kind of the website linked to, including any products and services referred to in that website, nor does it imply that there is an association between the Beaufort Group and the operators of that website. The Beaufort Group cannot guarantee that these links will work all of the time and has no control over the availability of linked pages.

Telephone Calls

As part of our commitment to provide the highest quality of service we may occasionally record or monitor telephone conversations in order to improve our service standards and for staff training purposes.

Emails

If you e-mail us, or give us your e-mail address, we will keep a record of it. We may use it to contact you occasionally about our products and services, unless you ask us not to do so.

Incoming Email
We cannot guarantee that any email sent to us will be received, or that the contents will remain private during transmission.

Outgoing Email
Any email and/or attachments from us will be scanned for the presence of computer viruses, but neither the Beaufort Group nor any of its subsidiary companies will accept responsibility for any virus or defect. The email and/or any attachments transmitted with it are confidential and intended solely for the use of the individual or entity to whom they are addressed. They may contain legally privileged information, and may not be disclosed to anyone else. If you have received an email in error, please notify the sender immediately and delete all copies from your system.

Complaints Procedure

Should circumstances arise where a complaint against the Beaufort Group or any of its subsidiary companies is concerned, please contact:

The Complaints Officer
The Beaufort Group
Falcon House
Black Eagle Close
Westerham
Kent
TN16 1SE

Tel. 01959 567 000

Copyright

© The Beaufort Group of Companies Limited 2013. All Rights Reserved. No part of this website may be reproduced, copied, modified or adapted, without the prior written consent of the author, unless otherwise indicated for stand-alone materials.