If anyone ever doubted that share markets are based on fear and greed, at least over the short term, then they need only look at the current state of the market. After posting a strong start to the year, up approximately 11 percent during April, the Australian share market has since given back all of its gains and is now five per cent down over the calendar year. However we’re urging investors not to panic.
A recent Hewison Private Wealth client scenario has served as an important reminder as to the power of tailored, comprehensive financial planning strategy, and how traditional evaluation methods sometimes cannot be applied.
Hewison Private Wealth proudly attended the IFA Awards in Sydney on Friday as a finalist across five award categories. We were again a finalist for the ‘Boutique Firm of the Year’ award, an honour which we had the privilege of winning in 2014.
The most common method used to rate a financial planner is to measure the rate of return achieved for the financial year. This is the unfortunate result of the generally-held misconception that financial planning is all about investment return.