Contact

News & Insights

Mine was consumed, how about yours?

Do What?

This week it was announced that Barclays Banks across Europe have decided that unless a customer has at least £100,000 in their account they will be asked to close it.  My thoughts are this:

• How disgusting to get you on board initially and then change the criteria so that you must leave. What a cheek and what an inconvenience !

• Who would put such a large amount of cash with one institution with such a patchy reputation, anyway?

BAD

This week I have taken on an 80 year old client who had an investment in a Spanish bank and they were told that they could release their invested funds without a charge. Not only were they investing 50% equities for a very cautious client (this is far too volatile), but that were charging Euro 3K in various forms to release it on just a Sterling 20,000 investment.  To be fair, the name of the bank does have the word “bad” in it.  The Clients are now safely under Blacktower’s wing.

by Dave Diggle, International Financial Adviser Costa Blanca

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.

Other News

Here today, gone tomorrow?

While the markets are going up and down madly, are you being looked after by your financial adviser? The economy has dominated the headlines since the turn of the year, and many people are concerned about their hard-earned savings and investments. Very often, the best approach is to either wait out for markets to calm down, or take advantage while they are lower.

Although there is a risk in wanting to take action every time big market moves are on the news, it’s still worth asking a few questions regularly: does the reasoning behind your investment strategy still hold true? If so, should you be taking advantage of lower valuations by committing more resources to your long-term finances? If it doesn’t hold true anymore, is it the right time to move out of certain investments and take a different approach with your money?

Read More

Spotlight On … Clifford Knezovich – IFA

Clifford Knezovich - International Financial AdviserHow / why did you get into your line of work in the financial services sector?

I’ve always been very service orientated, whether it was waiting tables in my teens or building and maintaining Enterprise network infrastructures in Spain and Portugal. I enjoy understanding complex, underlying concepts and I get great satisfaction when I can translate it into something my clients understand, relate to and see the benefits of. I got into financial services because I felt that it was very similar to my background in IT in that I continue to build networks, bridges and connections, however this time it’s not with equipment, it’s with people.

Read More

Select your country

Please select your country of residence so we can provide you with the most relevant information: