Prismatic Wealth Limited, Prismatic House, 26 Falcon Court, Preston Farm Business Park, Stockton on Tees, TS18 3TX Tel: 01642 661600 Email: enquiries@prismaticwealth.co.uk Web: www.prismaticwealth.co.uk
Prismatic Wealth Client Update Thursday 16 April
We hope you all enjoyed the Easter weekend and you and your families are keeping well. As we enter the 4th week of lockdown, working from home and talking to our team remotely, seems the new norm. In essence, all of our regular team meetings have gone ahead; we are continuing exactly as we were, the only difference being we’re not all sat in the same room! Without doubt it is nice to be able talk to clients and colleagues face to face, but so far our investment in technology is paying off and, whilst we’re looking forward to getting back to our office, we can handle this for the foreseeable future, which we expect today’s government announcement to confirm. Just to give you a break from the regular financial and market updates, we thought it might be nice to hear what we are all up to at Prismatic Wealth this week. Bank of England Graham had a telephone call with Gareth Harrison from the Bank of England, who is focussed on talking to local businesses to understand the challenges and opportunities they are facing to feed back into the central mechanism. Graham discussed how we have adapted to working from home, the focus of the business and how some of our corporate clients are managing in the current climate. Team Meetings Our weekly team meeting gives us the chance to catch up and check in with the whole organisation, using our existing video conferencing software. Yesterday afternoon, our Investment Committee held its quarterly meeting. Lead by our Investment Director, Simon Daykin, we are monitoring current fund performance and volatility and also recapped on all the conversations we have been having with fund managers over the last week. Simon has webinars with a number of fund managers every week, this week so far has been BMO, Rathbones, Premier and Vanguard. Client Meetings Gillian, Graham, Simon and Joanne have all been busy conducting client review meetings this week, either over the telephone or video conferencing. Our Corporate Director, Juan, has been focused on contacting corporate clients to help and advise on any areas we can, especially with the introduction of furloughing staff and what that means for pension schemes. In between all of these meetings, we have daily video conferencing within our teams to check everyone is managing well at home, especially their mental health during the period of isolation. We’re also enjoying our weekly company Quiz Night organised by Jonathan! Please stay safe during this time and keep in touch.