Explore who we help
We create a plan tailored to your complex needs
WHO WE HELP
Individuals and families
Your wealth, goals and family priorities
Business owners and entrepreneurs
Your business, wealth and next steps
Corporate executives
Complex income, equity and career transitions
UHNW and Family Offices
Significant, complex and multi-generational wealth
YOUR IDEAS & GOALS
Plan for growth
Grow your wealth and open up new opportunities
Live well
Live life to the fullest, today and into the future
Secure your future
Be prepared for whatever may happen
Make a difference
Support the causes you care about
WORKING WITH PROFESSIONALS
EU Intermediaries
Scale, security, and investment discipline for your clients
About RBC Wealth Management in Ireland
Combining Brewin Dolphin’s local expertise with RBC’s global strength and insight
Our offices
Over 30 offices across Ireland, the UK and Jersey
WHO WE ARE
Our history
Generations of clients have relied on Brewin Dolphin and RBC Wealth Management
Awards and recognition
Recognising our service and industry leadership
Leadership
The people guiding our strategy and client experience
SUSTAINABILITY
Responsible investing
Our approach to responsible investment
Explore our solutions
Let’s make your ideas happen
RBC Brewin Dolphin
Personalised financial planning and investment advice
OUR SOLUTIONS
Wealth planning and management
A bespoke plan to manage and grow your wealth
Financial advice for business owners
Guidance for growth, exit and managing proceeds
Pensions and retirement planning
Plan for the retirement you want
Financial protection
Protect what matters most against the unexpected
Financial planning for life events
Guidance through life’s key moments and changes
Responsible and sustainable investing
Invest with greater purpose in line with your values
UHNW and Family Office services
Coordinating complex and multi-generational wealth
Managing ISA assets outside the UK
Integrating these assets into your wider wealth strategy
Investment management
Tailored portfolios aligned with your goals
Explore our insights and ideas
Analysis, insights and research from our local and global networks
ADDITIONAL RESOURCES
Articles
Expert analysis and commentary on market trends
Videos
Discussions on the current investment environment
With equity markets continuing to fall dramatically since our last note, it is understandable that investors are very apprehensive and concerned right now.
16 March 2020 | 3 minute read
Of course this is about much more than equity markets and the news coming from Italy in particular is heart-breaking.
It is, obviously, not our role to suggest what actions should be taken to stem the outbreak but it is clear that we should follow the advice of experts.
Indeed, I am writing this note from home, having returned from Lanzarote late last night, and on advice will be staying in doors with my family for the next two weeks.
In the short term, it is clear that the headlines are going to get worse. Whilst the news from South Korea and China is encouraging, testing has only really started in the west and we should expect the number of cases to increase dramatically. This is a remarkably challenging time for the world and the outcome is already tragic.
If we turn back to markets, what should investors do at a time like this?
Well for a start we can learn from history. Many (many!) years ago I did my master’s thesis on the impact of catastrophic events on financial markets and, whilst I didn’t study the impact of a pandemic, the conclusions were clear.
Initially catastrophic events create uncertainty, which results in a higher required risk premium, i.e. equities go down as investors demand higher potential returns to compensate for the uncertainty.
Of course, ultimately, global markets recovered from these events (ranging from the Cuban missile crisis to September 11), as we can see from any long term chart.
However, what is interesting was the length of time it took for recovery. I found that the more efficient the market and the quicker the policy response, the quicker the recovery.
This is hardly surprising but it is important because right now we are seeing an incredible policy response to this crisis. Whilst the policy announcements are ongoing, we are seeing global monetary and fiscal stimulus.
In the short term a recession now seems inevitable and certain sectors, such as retail and leisure travel will suffer terribly. However, it is important to note that the world economy was in a reasonable spot before this crisis struck, with a strong consumer economy and recovering business confidence.
We, therefore, believe we will likely see a very sharp recovery, perhaps later this year, as the world economy responds to stimulus.
In light of this, it will be no surprise to regular readers that our advice is to stick to your investment plan, provided that it is the right one for you.
With the world equity market down c.30% from the very recent high, it is evident that there is a high level of panic in financial markets right now.
Perhaps we have reached a low for this market decline or perhaps we haven’t. Unfortunately, we can’t know.
However, we don’t believe future growth will be impaired by this crisis and with potential returns increasing from equity assets, following the decline, we remain very comfortable with our preferred assets.
As ever, please do not hesitate to contact us if you have any questions or would like to chat about recent market events.
Ian Quigley T: +353 1 421 0300 E: ian.quigley@brewindolphin.ie
The value of your investment may go down as well as up. Past performance is not reliable guide to future. You may lose some or all of the money you invest. Our investment may be affected by changes in currency. Any income you get from this investment my go down as well as up.
Brewin Dolphin Wealth Management Limited trading as RBC Brewin Dolphin is regulated by the Central Bank of Ireland. For UK clients only: RBC Brewin Dolphin is deemed authorised and regulated by the Financial Conduct Authority. The nature and extent of consumer protections may differ from those for firms based in the UK. Details of the Financial Services Contracts Regime, which allows EEA-based firms to operate in the UK for a limited period to carry on activities which are necessary for the performance of pre-existing contracts, are available on the Financial Conduct Authority’s website. Registered office: Number One Ballsbridge, Building 1, Shelbourne Road, Dublin 4, D04 FP65. Registered in Dublin, Ireland No. 235126
This publication should be regarded as being for information only and should not be considered as an offer or solicitation to sell, buy or subscribe to any financial instruments, securities or any derivative instrument, or any other rights pertaining thereto (together, ‘investments’). This publication is classified as a ‘marketing communication’ in accordance with the European Union (Markets in Financial Instruments) Regulations 2017. This means that (a) it has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and (b) it is not subject to any prohibition on dealing ahead of the dissemination of investment research. RBC Brewin Dolphin does not express any opinion as to the present or future value or price of any investments referred to in this publication. This publication may not be reproduced without the consent of RBC Brewin Dolphin.
The information contained in this publication has been compiled from sources believed to be reliable, but, neither RBC Brewin Dolphin, nor any of its directors, officers, or employees accept liability for any loss arising from the use hereof or makes any representations as to its accuracy and completeness. The information contained in this publication is valid as at the date of this publication. This information is subject to change without notice, its accuracy is not guaranteed, it may be incomplete or condensed and it may not contain all material information concerning the matters discussed herein.
This publication does not constitute investment advice and has been prepared without regard to individual financial circumstances, objectives or particular needs of recipients. Readers should seek their own financial, tax, legal, regulatory and other advice regarding the appropriateness or otherwise of investing in any investments or pursuing any investment strategies.
An investment in any of the investments discussed in this publication may result in some or all of the money invested being lost. Past performance is not a reliable guide to future performance. To the extent that this publication is deemed to contain any forecasts as to the performance of any investments, the reader is warned that forecasts are not a reliable indicator of future performance. The value of any investments can fall as well as rise. Foreign currency denominated investments are subject to fluctuations in exchange rates that may have a positive or adverse effect on the value, price or income of such investments. Certain transactions, including those involving futures, options and other derivative instruments, can give rise to substantial risk and are not suitable for all investors.
RBC Brewin Dolphin (or its directors, officers or employees) may to the extent permitted by law, own or have a position in the investments (including derivative instruments or any other rights pertaining thereto) of any issuer or related company referred to herein, and may add to or dispose of any such position or may make a market or act as a principal in any transaction in such investments or financial transactions.
RBC Brewin Dolphin’s conflicts of interest policy is available at https://www.rbcwealthmanagement.com/en-ie/conflicts-policy-summary. Warning: The value of your investment may go down as well as up. You may get back less than you invest. Warning: Past performance is not a reliable guide to future performance. Warning: If you invest in this product you may lose some or all of the money you invest. Warning: This product / service may be affected by changes in currency exchange rates. Warning: The income you get from this investment may go down as well as up.