You are here:   Home News

Lunch and investment psychology served up at annual lunch hosted by renowned South West financial planners

Savvy investors were recently given a thought-provoking insight into financial decision making and how individuals react to market changes, good and bad, at the annual client lunch organised by Goodmans Financial Planning in Plymouth.

The event followed on from the successes of last year’s inaugural lunch, with more of the firm’s clients keen to attend and celebrate Goodmans success over the last year and hear about their plans for the future. The event was held once again at Plymouth’s historic Duke of Cornwall Hotel but this year expanded in to the Ballroom to meet the demand for places.

The company, which provides advice and planning for investors across the region, took the opportunity to thank its clients and unveil a number of initiatives including its new sustainable portfolio, developed to meet investor demand and widen the firm’s service.
This year’s keynote speaker was Greg B Davies of Centapse: a specialist in applied decision science and behavioural finance, who previously headed up the world’s first behavioural finance team at Barclays. Greg offered Goodmans clients an often amusing and perplexing insight in to how and why they made their investment decisions, as well as shedding some light on how they could revise their thinking to make better, more balanced choices.

Finbarr O’Reilly, senior financial planner at Goodmans, made guests aware of the implications surrounding recent tax changes before presenting them with the firm’s showcase document, the Matrix Book 2017. Created to inform clients about both the Goodmans team and the performance of client portfolios, the book was scrutinised intently as clients checked to see how recent and historical volatility in the financial markets had affected their investments, and how Goodmans had protected and grown their money despite these fluctuations.

Andrew Moore, director at Goodmans, talked to clients about the plans already underway to open an office in Exeter, in addition to the existing Plymouth and Totnes branches, necessitated by the increasing demand on the existing team for their exceptional advice and support in planning clients’ financial futures. He also ran through the reasoning behind, and the benefits of, the new Goodmans sustainable portfolios: created to fill an increasingly evident need in the market for investment in more ethical funds.

Sustainable investing is an approach that tilts a portfolio towards companies that contribute to a sustainable future, and away from companies that operate in ways that are unsustainable and damaging to the generations to come. The clear objective of sustainable

investment is to collect a return on capital without damaging the prospects of future generations. The Goodmans sustainable portfolios seek to add a meaningful tilt towards companies that demonstrate high sustainability scores, without compromising any of the firm’s existing core investment beliefs.

Looking back on his time in the financial industry David Goodman MBE, who founded the firm in 1995, spoke to the diners about how technology had made an exponential, positive difference to planning, enabling the delivery of ever better outcomes for clients. Closing the event, he reflected on his experiences in the business and how, in some ways, with the new advances he’d like to be involved in the decision-making process again, although as Goodmans clients, he and his wife were now enjoying their retirement to the max!

Goodmans specialises in creating plans tailored to suit every individual client and their unique lifestyle requirements, enabling them to implement a game plan for a comfortable retirement assured of future financial security.