Welcome to our Summer 2023 Newsletter. We hope you are eagerly anticipating your holidays and enjoying the long-awaited warmer weather!
We have been in touch a number of times this year with planning reminders, regulatory changes, and potential planning opportunities, so we thought it would be good to let you know what’s been happening at Carrington and also share some newsworthy stories.
WELCOME TO THE TEAM
From left to right: Alex Rice, Georgie Walters, Oly Voice
We are thrilled to introduce you to three new hot-shots who have recently joined the Carrington team.
Earlier this year, Alex Rice joined the Client Relationship Team, having graduated from the University of Loughborough with a BSc in Economics. Alex is working with Rachel and Tommy, and you may have already spoken to him if you’ve called in with a query. Not one to let the grass grow under his feet, Alex has already started his journey to becoming Diploma qualified, having passed two of the six exams. He is currently studying for the Personal Taxation exam.
Whilst in the last month or so, we have also welcomed Oly Voice and Georgie Walters. Oly and Georgie joined us having previously worked together, so they have been able to hit the ground running and have slotted right into the team! Georgie and Oly make up our paraplanning team, working alongside the advisers in finding planning solutions for clients and crafting the technical reports you receive. Their arrival brings a wealth of planning knowledge and experience to the team.
HITTING THE BOOKS
It seems like the entire office has decided this summer is going to be best spent with their noses in the study books! Cecily and Ali are both in the process of completing their AF8, a coursework-based exam that forms part of their study pathway to becoming Chartered Financial Advisers. Tommy, who has recently passed his Investment Management Certificate (well done Tommy!!!), is already swatting for his Chartered Financial Analyst exam. Mo in the meanwhile is sitting a Certificated ESG exam in July, whilst Rachel is preparing to take a Pensions and Retirement Planning exam at the end of the summer. On the other side of the office, Marissa is completing her Office Management Certificate, and Nicola is halfway through a Kingston University Business Management Course. Good luck to each of the team with their respective endeavours.
CHARITY OF THE YEAR
We are delighted to announce that this year we have selected Young Roots as our charity of the year.
Their mission is to help young refugees and asylum seekers (aged 11-25) realise their rights, fulfil their potential, and support them in improving their well-being and life chances in the UK. With a number of London-based hubs, Young Roots aims to support 800 young people annually through intensive one-to-one casework, youth and sporting activities, English language mentoring, youth leadership, and providing access to specialist therapeutic and legal advice. Partnering with Young Roots allows us to make a meaningful difference, especially during these challenging times. Stay tuned for more updates as we embark on fundraising initiatives over the next 12 months!
OUR PLEDGE TO THE PLANET
Our carbon footprint this year was offset by protecting the Mataren forest in eastern Colombia and contributing to a Solar PV generating project in Indonesia. The Carrington Forest has also grown, with 500 trees planted across Ethiopia, Madagascar, Mozambique, Kenya and Uganda.
Partnering with Ecologi enables us to support global sustainability projects around the world.
Whilst we recognise that effectively reducing carbon emissions is a massive challenge, we hope that our efforts so far this year reflect the knowledge we have acquired since taking on the pledge to becoming a more sustainable business and that we have taken even bigger steps in the right direction.
IN THE NEWS AND IN DEMAND
Both Cecily and Mo have been in hot demand recently. Cecily was profiled in Citywire, where she shared her journey toward becoming a financial adviser at 25 and her view on gender diversity in the profession. She offers some great insights, so it is well worth a read! You can read the full article here. Cecily was also featured in February’s edition of Trustnet Magazine and was quoted in The Times ISA Guide!
Mo, on the other hand, was invited to judge the Investment Week Fund Manager of the Year Awards for the 5th year running. This year saw an increase in Mo’s workload as he was asked to judge the UK All Companies, UK Equity Income, UK Smaller Companies, Global Income, and Global Equity Income categories! The investment team, looking very dapper we must say, were representing Carrington at the awards ceremony last week.
Mo & Tommy at the Investment Week Fund Manager of the Year Awards 2023
IN CASE YOU MISSED IT
We have been in touch recently about the opportunity to boost your State Pension (if available to you) and that, if applicable, the tax return vouchers are now available to download from the investment platforms.
If you need help with your tax vouchers or you would like us to send your voucher to you or your accountant, please let us know.
In terms of your State Pension, the deadline for making voluntary contributions for gaps between tax years April 2006 and April 2016 has now been extended until the 5th April 2025.
So there is time to take advantage of this opportunity if it applies to you. If you would like to know more about this please click here.
Market Insights – our next investment webinar will be held on the 10th July at 12h30. Mo and Tommy will be discussing the effects of rising interest rates and the emergence of AI. To register for the webinar please click here.
If you missed our last webinar, with special guest Sanjay Rijhsinghani, CIO of LGT Wealth Management, please click here. It was an excellent session with Mo, Sanjay, and Tommy discussing market trends and the current economic outlook.
And then, finally…
AUGUST OFFICE HOURS
You may or may not be aware, but as a thank you to the team, we close the office a little earlier during August. Our August office hours are:
Monday – Thursday: 09h00 – 16h30
Friday: 09h00 – 16h00
As always, you are our first priority and your needs take precedence, so you should not be affected by our shortened hours.
If you have any questions, please shout. Otherwise, we wish you safe travels across these summer months and we look forward to seeing you again soon.
IMPORTANT: This publication has been prepared for information purposes only by Carrington Investment Consultants Ltd. The value of investments, and any income generated from them, will be affected by interest rates, exchange rates, general market conditions and other political, social and economic developments, as well as by specific matters relating to the assets in which it invests. Investors should be aware that the value of units may well fall as well as rise, is not guaranteed and that past performance is not a guide to future performance. Different funds carry different levels of risk and investors may not get back the full amount invested. Carrington Wealth Management is a trading style of Carrington Investment Consultants Limited which is authorised and regulated by the Financial Conduct Authority. Registered office: One Chapel Place, London W1G 0BG. Registered in England, number 3193939. This email and any accompanying documents contain confidential information intended for a specific individual which is private and protected by law. If you are not the intended recipient, any disclosure, copying, distribution or other use of this information is strictly prohibited. You are also requested to advise us immediately if you receive information which is not addressed to you. Data Source: Financial Express. Copyright © Carrington Investments. All rights reserved.