I wanted to update and reassure you that in this time of global crisis, The Blacktower Financial Management Group of Companies and our Nexus Global Network are still very much on hand to assist. We have robust Business Continuity Plans that were rolled out early last week, implementing a robust staffing plan with employees working from home, in conjunction with a limited number of staff being in our offices where appropriate. In line with government advice, client visits to our offices are no longer taking place, so we ask you to use our online services or our telephone service. In a people-focused business these measures have not been imposed lightly, however protecting both your and our own welfare must come first.
As I’m sure you’re aware, the knock on effects to financial markets have been severe. We want to make sure we are able to support our clients in any way we can to help manage your financial arrangements and ensure as far as is possible the smooth functioning of all transactions.
In line with Governmental travel advice, we have implemented strict policies around travel to and from affected areas, as well as enforcing self-isolation guidance. All of our global offices are adhering to local requirements in their region, whilst also supporting the global network of our Group.
Our priority is to continue to deliver our services without interruption and so do not expect any impact to the high level quality of service you are used to receiving from us.
Should you have any queries please do not hesitate to contact your usual Financial Adviser in the first instance.
I would like to thank you all for your continued support and understanding during this difficult period for everyone.
Your Sincerely
John Westwood
Group Managing Director
Blacktower Financial Management Group of Companies.
This communication is for informational purposes only and is not intended to constitute, and should not be construed as, investment advice, investment recommendations or investment research. You should seek advice from a professional adviser before embarking on any financial planning activity. Whilst every effort has been made to ensure the information contained in this communication is correct, we are not responsible for any errors or omissions.
Lehman Brothers filed for bankruptcy on 15 September 2008. With $639 billion in assets and $619 billion in debt. Their bankruptcy filing was the largest in history and prompted an immediate fall in the FTSE 100 of 4%. It was the beginning of a slump that by Christmas of 2008 had resulted in 23% being wiped off the value of Britain’s top 100 companies. As a stock market crash, it ranks alongside the dotcom bubble and the shock of 1987. However, while living standards have flat-lined since that date, the stock market revival has been spectacular. Many investors were, however, spooked by the financial crisis of 2008 and liquidated their investment portfolios. Unfortunately as shown below – they lost out on the bull run of the next 10 years.
There are few, if any, financial decisions as important as deciding what to do with your pension. Nowadays there are so many choices, but the factors that influence the path you choose are complex and should only ever be undertaken in full knowledge of the various options available as well as their many implications.