We were delighted to host an exclusive client event at Kensington House marking the beginning of our new chapter.
It’s been a busy few months for Penney Financial Partners Limited and we were delighted to host an exclusive client event at Kensington House marking the beginning of our new chapter.
As you know, David Penney and Will Harrison have joined forces to create a new-look enterprise, based on the firm footing that both their businesses have previously enjoyed. Our VIP day – in a purpose-built marquee outside the main building – was a great success, with over 100 guests and interviews with key players in our dynamic and growing team.
Guest of honour was Sarah Bates, chairman of St. James’s Place and one of just three females currently running FTSE 100 companies. She shared her thoughts on what makes a successful business and what she feels the future has in store for the investments sector.
“We spend a lot of time just listening, understanding, and looking at what’s going on in the outside world, to make sure we can link all of that formal structure with the informal structure and the culture, which are very important parts of our controls.” She said.
“Thinking about Brexit was important – we had to make sure we had contingency plans. That takes a lot of preparation and a lot of work.”
With the UK’s imminent withdrawal from the EU, economic challenges in the Far East and political uncertainty in the US, where does Sarah see this all going?
“In the short term, we don’t know which way markets are going, and actually thinking you do – and making judgments on the back of that – is a really dangerous thing to do. What you do in times of uncertainty is you try and reduce the risk of betting on only one thing.”
“Our view is that things are somewhat uncertain, things are not straightforward. In Europe, we’ve got a series of elections coming up, we’ve also got the US election, and the issue over when the US will raise rates again.”
“At the same time, the corporate sector – individual companies in which you can invest – are adaptable, capable, and good investments.”
“I do think those good companies will adapt to the circumstances, and I’d rather put my faith in good companies and good organisations, than actually choosing between US securities and Japanese securities.”
Guests on the day also had the opportunity to tour the new office layout and state-of-the-art meeting rooms, as well as test drive the Model S Tesla electric car – one of the cars of the future.
The value of an investment with St. James's Place will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.