In line with government advice, MLP Wealth Management Ltd has implemented measures to limit any service interruptions to clients due to the COVID-19 virus. Currently we remain fully operational and we are operating a rotation of staff to try to minimise any disruption to service. However, as a result of measures brought in to combat the virus, many transactions have increased in their urgency and we are doing all we can in this difficult time to meet the increased workloads. As a result of increased workloads and remote working, response times may be affected. The safety of our staff and clients is paramount and we are doing all we can to minimise any disruptions to clients at this difficult time.
Please Note: In order to protect staff we are not accepting visitors to our building, unless essential to the continuity of service. We would ask all clients to respect this and to contact the office for alterative options we have available.
The dramatic effect on markets we have seen has served as a reminder of market volatility and has reinforced our steadfast belief that investing should be for the long term. All 4 of the MLP growth portfolios continue to show positive returns over a five-year period, at the time of writing, despite current market disruption. As such, there will be no knee-jerk responses from us; we have made our selections for good reasons and remain confident in them.
Whilst we do not advocate market-timing, growth investors may see buying opportunities at times like these, whilst we have positioned our income clients relatively defensively by taking some profit in the good times to provide income, avoiding the need to encash units when we are experiencing such volatility.
At MLP Wealth Management, we see it as a responsibility to help guide our clients through such uncertain times and remind them that whilst markets are cyclical and always subject to downturns, they still offer attractive long-term growth prospects.
History has shown us that on average event driven bear markets are shorter than those caused by structural issues, or market cycles. Recent events present different challenges to the Great Financial Crisis (GFC) of 2008 with banks appearing to be more resilient than they were, having tighter risk controls and more capital to hand. Whilst we do not expect the current issues to disappear quickly, we feel that market fundamentals are more favourable than they were during the GFC and the recovery will therefore be different and potentially quicker, whilst once again influenced significantly by government and central bank stimulus.
Our message to clients is to remain calm and remember why you invested in the first place and what your plan was at the outset, we remain confident in our managers and portfolios and their ability to recover lost ground. Our new office is still open for new business, service our clients and deal with clients with Lee our office manager ensuring essential business can conducted as normal. MLP advisers are available as normal and working remotely. If you would like to schedule a call with your adviser Paolo, Paul or Sean, please contact the office by telephone on 020 8296 1799 or email