Wealth Management: Quarterly Letter – The power of networks

Foreword

Helen Watson, CEO, UK Wealth Management

Where to start after a year like 2020? Given the devastating impact COVID-19 has had on so many families and lives, we wouldn't blame anyone for writing 2020 off as a year they'd like to forget.

But there are perhaps some reasons to be optimistic as we look back over the last 12 months and toward the year ahead. Difficult times often bring out the best in people, and last year was no exception.

The dedication, hard work and tenacity of frontline workers throughout the pandemic has been an inspiration to us all. The public showed incredible community spirit and adaptability, even as their day-to-day lives were continually upended. The arrival of vaccines that could bring us together again after months of lockdowns is a cause for cautious celebration.

None of us could have predicted the year we would have at the start of 2020. Had we known what was in store, we'd all have done things differently. But I hope you feel your Rothschild & Co team have exceeded expectations, working tirelessly to maintain our 'normal' high standards of service and communication.

Overall, our portfolios performed well last year, with our diversifying assets helping us to protect portfolios in the downturn and enabling us to add to our positions at attractive prices.

Making calm, objective investment decisions is never easy, particularly during times of uncertainty. It's tempting to follow the herd when faced with tough choices, but in this Quarterly Letter, we explain why fighting those instincts is important. How our ability to stray from the herd, when necessary, is key to preserving your wealth.

Thank you for your continued support and confidence in us. Wishing you and your families a happy and healthy 2021.

Helen Watson

Download the full Quarterly Letter in PDF format (183 KB)