Your update from Holden & Partners as of Friday 20th March.

Unprecedented is the word of the moment and this week was no different. We continued to see volatility in all markets across the world and sterling reaching multi-year lows. The government began giving daily televised briefings, a wartime measure that has not been seen in a very long time, with the chancellor announcing a stimulus and support package of over £300bn. Central banks were not far behind with a global coordinated effort to try and stem the flow. The Bank of England cut rates not once but twice in the space of a week, accompanied by an extra £200bn asset purchase programme (a mechanism to provide liquidity and support businesses). Both measures provided some relief to sterling and the markets.

In unchartered territory such as this, it is common to get lost in every piece of information and news that we are inundated with. It is important not to react to these, everything is changing quickly but it is vital now more than ever to hold one’s nerve – easier said than done at times, we appreciate.

With the potential for an increase in cases in the UK and across the world, the prospect of lockdowns exists and we will continue to monitor this. It is inevitable that this will, of course, have a further impact on the economies of the countries affected but also all countries across the globe and it will take a few months for the figures to present themselves in the data.

Sell-offs, as we are seeing now, are a normal part of market behaviour and a normal part of investing. We’ve seen 13 corrections (drops of 10% or greater from the most recent high) and 8 bear markets (20% or greater drops since the most recent high) in global equities in the last 40 years. That’s about one every other year. So hang in there. This will pass.

In all this madness, it is hard to see the positives. However, China has closed down its last coronavirus hospital as there are no longer enough new cases to support them, South Korea is seeing a decline in daily cases and clinical trials of a vaccine are underway not just in the UK, but other countries as well.

There is light at the end of the tunnel, but right now, the length of the tunnel is hard to see. It is times like this that sticking to tried and tested methods such as diversification and asset allocation is exactly what needs to be done.

As always, we are monitoring this constantly and will continue to keep you in the loop.

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My wife and I really value the advice and support we’ve received over many years. Our key contact is Tim Cosway, whose friendly and calm manner is a real plus. He also involves team members who are equally committed. We particularly value that their approach is that no question is stupid – we always receive a clear and helpful explanation. We have full confidence in the team’s management of our finances and definitely recommend them.


We have consulted Holden and Partners for 10 years.  Having been in financial disarray because of poor advice from our previous financial advisor, we have Tim Cosway to thank for digging us out of a deep financial hole.  As a result of his painstaking tenacity pursuing a claim against our former financial advisor through the Financial Ombudsman Service, which resulted in substantial compensation, we can anticipate a comfortable retirement.  We continue to take Tim’s advice on all financial matters.  He is a pleasure to deal with, and we whole heartedly recommend Holden and Partners, and Tim in particular.

Mike & Jacque

I have been a customer of Holden & Partners since its inception. During this time, no matter what the state of the financial climate, I have always found that their advice has been balanced and fair. They have a good understanding of everyone’s individual circumstances and produced tailored strategies to match these needs and expectations.

Duncan B, NHS consultant

I’ve always received high quality, personable advice at a time of my convenience. My adviser has often travelled to my home in order to provide very personal service. The advice given is clear and unambiguous. The risks of different types of investment have been clearly discussed to allow me to make an appropriate decision on the nature of my investment portfolio. This has been of great importance when considering the available investment options for my forthcoming retirement. I have always considered that Holden & Partners is very client centred and they have my best interests at heart. I have been with Holden & Partners since 1996 and have recommended them to friends and colleagues on many occasions.

Michael, Surgeon

Holden & Partners manage our company pension scheme with a totally professional and dedicated approach. They have worked with us over a number of years, and are able to explain the potential ‘minefield’ that is pensions, to make it perfectly accessible for the staff.

Jeremy, Print Management Partner

On retirement after 40 years of salaried employment, I interviewed several financial advisers, amongst whom Mark Dodd of Holden & Partners was the nicest and seemingly the most understanding of my investment needs and priorities. Since then my wife and I have had regular (c.6-monthly) meetings with him in order to check and, when necessary, adjust the holdings in our portfolio. This has been very helpful and provided a comforting sense of confidence and security. I have recommended Holden & Partners to others and will certainly continue to do so.

Patrick, retired university professor

It’s easy to feel powerless in the face of global trends such as climate change and environmental destruction. But I feel I regain power as a consumer and a citizen by thinking about where I spend my money and to whom I entrust my savings. I chose Holden and Partners because they were recommended to me and because of their strong track record in ethical investments. It has proven to be a wise choice. Their advisors listened carefully to my needs and created an investment strategy and portfolio that has met and indeed continues to exceed my expectations. The culture of a company also matters to me, I have found their advisors to be well informed and financially shrewd but also easy to speak to and engage with. Many of us find it difficult to trust institutions and organisations these days, but I do trust Holden and Partners to make the right decisions on my behalf.
I would have no hesitation in recommending them to others.

Patrick, Advertising and Marketing Consultant

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