Wealth Management: Quarterly Letter – The power of networks

Foreword

Helen Watson, CEO, UK Wealth Management

I hope you and your loved ones remain safe and well, and that you managed to get some sort of break over the summer.

A lot of commentators have discussed how the current pandemic has accelerated an array of pre-existing trends ranging from online shopping, to remote working and sustainable investing. I would argue it has also served as a powerful reminder of many things we took for granted, including the importance of networks, whether they be familial, social or business.

In my work life I miss how easy it was to ask a quick question of a colleague, pull a group together to discuss a particular challenge and also for us to train new hires. Like many firms we have embraced technology and were fortunate to have had a bit of a head start- in seeking to cut our carbon footprint we had already begun to embrace virtual meetings; we did several remote working days as part of our contingency planning; and sent most of our staff home several weeks before lockdown- however just as Zooming our children and parents is no replacement for seeing them in-person, the business collaboration and sense of team can't (currently) be fully replicated virtually. That said, with a strong culture and the power of technology we have been able to quickly replicate our network, both internal and external.

In this Quarterly Letter we explore the importance of networks, how our firm has grown strong through them and how we use them today to enhance our investment approach.

As powerful as I believe our network is, it is stronger for having you as our clients. The insights we receive from many of the most successful entrepreneurs and businesspeople make us better investors. We are also extremely grateful to the many happy clients who have recommended us to their family, friends and colleagues. We hope we have continued to meet the high expectations you set and thank you for your continued support.

Helen Watson

Download the full Quarterly Letter in PDF format (104 KB)