The information in these articles is current as at 21 December 2023.
Welcome to the December 2023 Investment news.
Market returns across asset classes in 2023 were mixed. The US market powered ahead despite inflationary concerns, a banking crisis and the threat of a recession. However, the strong performance was driven by a very concentrated number of technology stocks. Locally, the Australian market produced a much more subdued result as banks struggled due to economic headwinds while the resources sector was impacted by a reality check in battery metal prices.
From a legislative perspective, 2023 saw the announcement of a new tax on superannuation balances of more than $3m which is likely to impact some of the strategic planning going forward. The Federal Government has also hinted at further reforms in the retirement income space in the year ahead.
The team at Pitcher Partners Wealth WA is proud of the business we are building with each team member’s contribution shaping our culture and helping to drive us forward. Our diversified advisory team, each with specialist capabilities, allows us to deliver bespoke advice across:
- Investment and portfolio management
- Strategic financial planning
- Personal insurance
2023 marked several significant milestones which would not have been achieved without the support and loyalty of our clients and those businesses we elect to partner with. We are grateful for your trust and look forward to continuing our partnership in 2024. If you know of anyone who could benefit from our service, we would welcome the referral.
On behalf of the Pitcher Partners Wealth WA team, we would like to wish you all a fantastic and safe festive season. To our clients, partners, and friends, thank you for continued support and trust you place in us. We look forward to our continued relationship in 2024.
Office Opening Hours
A quick reminder that our office will be closed from 5pm 20 December 2023, reopening on 8 January 2024. A skeleton crew will be on hand to help address any urgent requests you may have over this time. We look forward to reconnecting with you in the new year.
This newsletter (below) is provided by Pitcher Partner Investment Services Pty Ltd (PPIS) a separate business based out of Melbourne.
Pitcher Partners Investment Services – Investment Markets in Review
The tightening of financial conditions may pose challenges in 2024, impacting markets and risking recessions in certain regions. The article covers market performances, geopolitical tensions, and anticipates a bumpier ride for investors in the coming year.