An Update from Pilgrim - 3.4.2020
12th May 2020
As we enter another week of the Covid 19 ‘lockdown’ I continue to be amazed by the commitment and hard work of our National Health Service; whilst these front line workers devote their energies to saving lives and preventing suffering, I would like to reassure you that we continue to devote all of our energies to the challenges of looking after your wealth.
Working from home has given me some time to reflect on the progress we have made since it was established in 2012. As the Finance Director of our new business, I had a clear picture in my mind how we needed to build a business, one that could offer a personal service to all our clients, but also one that could weather a similar event to the banking crisis in 2008.
Having steered a ‘cautious’ path over the past 8 years we now have a well-capitalised business with no borrowings. This has resulted in us being able to use our reserves to retain our valuable team members and concentrate 100% on delivering the quality service that you have come to expect from us. You will be pleased to hear that the team are currently fit, well and organised to run both the Wells and the Bristol offices remotely, if need be, indefinitely.
As you would no doubt have realised from our recent communications, we are in the process of delivering a new secure Client Portal, which should ensure that all future communication is delivered with very high levels of security. Many thanks to all who have registered so far.
Whilst we continue to register all clients onto the new Portal, the eagle eyed amongst you will have spotted that we brought the May re-balance of your portfolios forward to 30th March. We did this because it has been the intention to move away from ETFs (exchange traded funds) in your portfolios for a combination of reasons that include the impact of Brexit, to access UK based funds with lower fees and provide more streamlined personal accounting for clients. Completing this exercise means that IronBright could make the investment changes it needed to and save many clients a significant amount of tax in the process.
I hope that you and your family stay safe and well and please be assured that you can rely on us to continue to be here for you.
Pilgrim Financial Planning