Bowmore Asset Management appoints new CIO

Mark Incledon, CEO and Jonathan Webster-Smith, Chief Investment Officer quoted in Wealth Adviser, 6th April 2021

Mark Incledon, CEO of Bowmore Wealth Group, says: “I’m delighted that Jonathan has decided to join the Bowmore group. He is a highly respected industry name having built one of the industry leading Multi-Asset offerings and has delivered excellent and consistent long term performance for his clients.

“His extensive industry knowledge and investment experience from his time at Brooks Macdonald makes Jonathan an excellent fit to become our new Chief Investment Officer. I have absolutely no doubt that our clients will benefit hugely from Jonathan’s addition to the already well established investment team.”

Webster-Smith says: “I’m thrilled to be joining the team at Bowmore. The warm open culture and boutique nature of the business, combined with the positivity of all those involved, made this opportunity immensely attractive.”

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Ambitious wealth boutique recruits CIO from Brooks Macdonald

Jonathan Webster-Smith, Chief Investment Officer quoted in The Wealthnet, 6th April 2021

“I’m thrilled to be joining the team at Bowmore. The warm open culture and boutique nature of the business, combined with the positivity of all those involved, made this opportunity immensely attractive.”

“The plans the business has for the future are really exciting and complement my thoughts on how the industry will evolve over the coming years.  Bigger companies have become complacent and commoditised which presents companies, like Bowmore, with a significant opportunity.”

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FTSE 100 dividend yields forecast to rise 24 per cent this year as economy bounces back from Covid-19 crisis

Charles Incledon, Client Director quoted in Institutional Asset Manager, 1st April 2021

“The ability of the large oil and gas companies to keep growing their dividends is heavily dependent on the price of oil. Investors will, therefore, need to keep an eye on global economic growth in the months ahead. Investors may also want to keep an eye on the banks’ loan books to see whether they start to deteriorate in the coming months.”

Read more: https://bit.ly/3sHxG7V

FTSE 100 dividend yields forecast to jump by 24 per cent this year

Charles Incledon, Client Director quoted in City A.M., 31st March 2021

“It is hugely encouraging to see FTSE 100 dividends expected to rise this year. With the recent success of the UK vaccine roll out, the UK economy is now earmarked for a quicker and stronger rebound than was previously expected. As a result, investors should be able to look forward to more blue-chip companies announcing increased dividends in the months ahead.”

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Covid-19 tax bill may bite doctors & higher earners

Mark Incledon, Chief Executive Officer quoted in FT Adviser, 25th March 2021

“As high earners in the private sector often see quite high volatility in their earnings, they ought to be saving as much as they can whenever they can.”

“Many employees and employers are likely to be unaware of this change introduced last year. Anyone who is unsure whether they are putting the right amount of money into their pension should seek advice.”

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Potential increase in ‘charge cap’ on pension schemes would allow greater investments in ESG funds

Gill Millen, Managing Director quoted in Wealth Adviser, 4th March 2021

“Raising the cap could enable pension providers and investment managers to create more ESG funds for the general public to invest in. This would not only help to build better outcomes for members of workplace pensions, but also support the UK’s objective to become a more sustainable economy as we emerge from the Covid-19 crisis.”

Read more: https://bit.ly/2Oh0rZD

Potential increase in ‘charge cap’ on pension schemes would allow greater investments in ESG funds

Gill Millen, Managing Director quoted in IFA Magazine, 3rd March 2021

“Any potential increase in the charge cap on DC pension schemes would make ESG funds far more accessible to the general public. As ESG funds have traditionally charged higher fees, people with workplace pensions haven’t been able to access them.”

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FTSE tech index performance eclipses FTSE 100 over last 12 months

Charles Incledon, Client Director quoted in Property Funds World, 18th February 2021

The US listed tech sector contains some of the biggest winners from the pandemic including tech giants Amazon, Apple, Netflix and DocuSign, the online signature platform, which has seen its share price more than treble in 12 months. However, Bowmore Asset Management says that some US tech stocks are now suffering from overstretched valuations.

Bowmore also points out that many listed UK tech companies have been acquired in recent years depriving the UK index of that boost to its performance. Takeovers of leading UK tech businesses include the acquisition of chip designer Arm and Inmarsat, the satellite telecoms provider.

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