Over the past few months, our team at EFG Harris Allday have continued our active dialogue with financial advisers regarding their views on the markets. We are particularly interested in the current challenges they face to support their clients, the feedback they’ve been giving and in turn how they are trying to help them. 

Many clients are comfortable that their Investment Manager continues to manage their portfolio to their agreed objectives and whilst market volatility can be unsettling, they are comfortable with the investment decisions being made and the regular communication received. 

With EFG Harris Allday being a manager of bespoke portfolios, the approach of including direct equities and investment trusts is certainly capturing interest from advisers, who are looking for opportunities for clients to benefit from a more tailored approach.

For some, their personal or business circumstances may have changed, leading them to need access to the capital from their investments or if they are considering re-mortgaging a property. For others, the current circumstances mean that they re-evaluate their lifestyles and perhaps adopt more of a carefree ‘you only live once’ kind of attitude. 

One of the things that client’s value is flexibility with their investments. This is where a Lombard Loan can be helpful to provide short term liquidity or bridge gaps for clients who are asset rich but have limited liquid assets. Alternatively, giving clients the opportunity to draw down on finance when they see an opportunity to invest.

Holdings such as the equities, bonds and funds within a typical EFG Harris Allday portfolio can serve as collateral for a Lombard Loan. Benefits include the client being able to profit from any potential returns on their portfolio, whilst paying a favourable rate of interest on the loan. There is also additional reassurance for a client knowing, they can have credit against their portfolio. Clearly, the usual considerations must be taken into account, including the client’s ability to pay back the loan in the case of market volatility. If they are unable to repay the loan, their assets may need to be sold. When required, Lombard Loans are easy to set up and are tailored to an individual client needs and preferences. 

For further information as to how we can help your clients please contact James Isaacs, head of business development. James.isaacs@efgha.com