BLACKTOWER VIEW - Tips from the Top
John Westwood, Blacktower Financial Management's Managing Director, founded the firm in 1986 after previously forging a career with Schroder Financial Management that saw him develop a reputation as one of the leading financial advisers in London.
In 1999, John founded Blacktower's first European office, in Portugal's Algarve region, and since then he has been instrumental in ensuring that the Blacktower group moves from strength to strength. However, despite his ongoing commitment to innovation, he continues to operate at the "coal face", providing advice to many high-net-worth clients within the European and international markets.
In this week's Blacktower View article, John reflects on the thirty-plus years he has spent working as a wealth manager and financial adviser, while also offering some useful advice for investors and business people alike that he would now give his younger self.
TOP TIPS - Spotting and Avoiding a Scam
The Financial Conduct Authority's (FCA) limitations in relation to scams and mis-sold products have been brought into the spotlight in recent months, with a number of high-profile scandals.
For example, last year nearly 12,000 London Capital & Finance (LCF) investors lost approximately £237m (€277.8m) as a result of investing in mis-sold speculative mini-bonds.*
A clearly frustrated LCF bondholder told press that it should be an imperative for HM Treasury and the government to take steps to clarify and strengthen the law in relation to liability. The LCF bondholder also called on government ministers to ensure better regulation of online ads.
The health and safety of our clients and all associated with our company is of paramount importance and as such we would like to share some information about the steps we have taken to ensure the welfare of all those concerned. Our response takes account of WHO and local Governmental guidance in addition to our existing business continuity and scenario planning.
NEWS WRAP - Financial Advice Reassurance in the time of Coronavirus
The financial services industry is responding to the coronavirus crisis as firms try to come to grips with extreme market volatility, speculation of recession, and general health and welfare concerns.