Sydney wealth management update autumn 2020
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Sydney wealth management update autumn 2020

Welcome to our autumn wealth management update

This edition covers the following topics:

COVID-19: Making the best out of a bad situation

At the end of 2019, following the phase one trade deal between the United States and China, markets continued their near decade long ascendancy with renewed enthusiasm.

Market meltdown

A combination of the COVID-19 outbreak and sliding oil prices has seen the ASX200 on track for its worst quarterly performance in decades.

Reporting season wrap up

The company earnings season was mixed. Although more companies reported increased profits than reported falls, this was at the lowest rate since the depths of the GFC.

Liability limited by a scheme approved under Professional Standards Legislation. Any advice included in this newsletter has been prepared without taking into account your objectives, financial situations or needs. Before acting on the advice you should consider whether it’s appropriate to you, in light of your objectives, financial situation or needs. You should also obtain a copy of and consider the Product Disclosure Statement for any financial product mentioned before making any decisions. Past performance is not a reliable indicator of future performance. Advisors at Pitcher Partner Sydney Wealth Management are authorised representatives of Pitcher Partners Sydney Wealth management Pty Ltd, ABN 85 135 817 766, AFS and Credit Licence number 336950.
This content is general commentary only and does not constitute advice. Before making any decision or taking any action in relation to the content, you should consult your professional advisor. To the maximum extent permitted by law, neither Pitcher Partners or its affiliated entities, nor any of our employees will be liable for any loss, damage, liability or claim whatsoever suffered or incurred arising directly or indirectly out of the use or reliance on the material contained in this content. Pitcher Partners is an association of independent firms. Pitcher Partners is a member of the global network of Baker Tilly International Limited, the members of which are separate and independent legal entities. Liability limited by a scheme approved under professional standards legislation.
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