Exchange rate volatility...what can you do?

Let's face it, the British pound is not going to appreciate to pre BREXIT levels against the euro anytime soon. We are in for the long run, and it could get worse.  

Working with the right partners.....

At The Spectrum IFA group we put a lot of effort into making sure that we work with the right collaborative companies.  That means FX currency exchange firms(our preferred is Currencies Direct), accountants for expats in Italy (Studio Del Gaizo Picchioni), lawyers for expats in Italy (Studio Legale Internazionale Gaglione) and asset managers.

Our preferred asset managers are Rathbones UK and Tilney Best Invest.  They manage the majority of our clients money and they do a great job.  Our mandate for them, on behalf of our clients, is quite simple.  'Caution: Safety first, returns second'.

It is on that note that we like to see when they are making the right decisions to better their businesses and it is on that note that we are proud to announce that Tilney Best Invest are acquiring Ingenious Asset Management, a London based discretionary investment manager with over £1.8 billion worth of assets under management.

On completion Tilney Best Invest will be responsible for £11.2 billion worth of assets.

Size is important in this day and age.  It means security. We want to know that the firms that we partner with are secure for our clients and that they have a philosophy that closely matches ours.  To that end they must work within our strict rules regarding How we work at The Spectrum IFA Group.  (click to learn more). 

If you are not getting the best from your investments in these volatile markets then get in touch on gareth.horsfall@spectrum-ifa.com or call me on +39 3336492356

New difficulties when opening bank accounts for yacht crew.

Yacht crew have always had certain 'complications' when trying to open bank accounts offshore for their time spent on the boat.

With the introduction of the Common Reporting Standard from 1st January 2016, things might be about to get that little bit harder.

This is an extract email from a bank (with whom we work) regarding their new procedures when opening bank accounts for yacht crew.  If you are a yacht crew member or about to embark on being yacht crew then you may need to consider the following information when managing your financial arrangements.

Extract reads as follows: