Wealth Adviser newsletter - "Business as 'usual' at BlackRock"

Business as 'usual' at BlackRock

Despite the coronavirus lockdown resulting in a slowdown – or complete standstill – for certain sections of the UK economy, other sectors have managed to adapt to the new normal quickly thanks to video conferencing technology and other remote working solutions. That’s certainly true of fund management giant BlackRock, whose head of UK iShares and Wealth, Nick Hutton, says he has never been busier, spending up to 12 hours a day at his screen with client activity at record levels. And hard-working Hutton has some advice for investors too, recommending a focus on the three Rs – reset, rebound and redesign – when considering what to do next in terms of portfolio construction.
Covid-19 has also highlighted the importance of keeping family financial affairs in order, according to new research from Handelsbanken Wealth Management, with 33 per cent of people in the UK either drafting a new will or amending their existing one during the pandemic. And the research suggests that the crisis is having a wider effect by making families more open about their finances with nearly four out of five (78 per cent) believing the pandemic will lead to more conversations about inheritance planning.
On a rather more cheery ‘note’, we also have news of a new blockchain-powered alternative investment platform from ANote Music which will be open to the public from 28 July and allow users to invest in music, own rights from content creators, and earn returns through royalties. And for advisers looking to communicate the potential benefits of alternative asset classes – including hedge funds and private equity – to their clients, Crystal Capital Partners has launched a free alternative investment content library that financial advisers can customise with their their own brand identities.
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