Courtiers Wealth Management
Courtiers Wealth Management

News & Insights

Past, present, career advice and a dose of hubris

Loading

Please
Allow 'Marketing' cookies
to watch this video.

As he approaches 50 years in the financial services industry, CIO Gary Reynolds is in a reflective mood as he discusses everything from how the markets performed in 2022 to what he’s learned from clients, and his favourite books of the year. He explains why financial services is a great industry to work in.

If 2022 was a year for investors to avoid large American tech and communications companies and long-dated bonds, 2023 “will be more about what you do invest in,” says Gary. He predicts the next 12 months will be a period when “asset managers are going to have to earn their keep.” It certainly won’t be a year when “a rising tide lifts all boats” and those who are successful will need to be judicious in their stock selection.

Although Gary admits 2022 was “a tough year”, the fact that compared to the markets “we didn’t lose very much” was “the best we could’ve hoped for in the last 12 months.”

Clients often ask for guidance about financial services sector as a possible career for their children. Gary’s clearly an advocate. Not only is the UK financial services industry “probably the best in the world”, but you also “get to work with great people.” Over the years, one of the ways he’s been rewarded is through meeting clients, who’ve generally “made their money” and “have always been willing to share their experiences” and offer himself and CEO Jamie Shepperd their advice.

When it comes to career guidance, Hamza Yassin, the recent winner of Strictly Come Dancing 2022 is perhaps an unusual source of inspiration for Gary, his message “slow is the fastest way to your goal” striking a particular chord. Good advice when thinking about a career in any sector, says Gary, but particularly pertinent in financial services, a sector “that hammers hubris.”

A keen advocate of economic history, Gary recommends two books he read during 2022. Radical Uncertainty co-authored by Mervyn King, the ex-Governor of the Bank of England, is “a great read”. The second by Phil Knight, the founder of Nike, is “really insightful”.

Describing himself “a degree more optimistic going into 2023” than he was at the end of 2022, Gary signs off by thanking clients for entrusting Courtiers with their capital, and by wishing them “a happy, peaceful and hopefully very prosperous 2023.”

Important Information

The views expressed by Courtiers in this summary are reached from our own research. Courtiers cannot accept responsibility for any decisions taken as a result of reading this article. Investors are recommended to take independent professional advice before effecting transactions and the prices of stocks, shares and funds, and the income from them can fall. Past performance is not a guide to future returns. Tax treatment depends on individual circumstances and may be subject to change in future. We do not endorse or accept responsibility for website content on any websites other than those operated by Courtiers, which may be accessible via links in this article.

Should you need advice or if you are interested in any of Courtiers Asset Management Limited’s range of funds please seek advice from a financial adviser. Issued by Courtiers Asset Management Limited, CAM0622684. Registered Office: 18 Hart Street, Henley on Thames, Oxfordshire. RG9 2AU Tel: +44 (0)1491 578368 | www.courtiers.co.uk Courtiers Asset Management Limited is authorised and regulated by the Financial Conduct Authority – Register No: 616322.

Share Article

Subscribe to News & Insights

Name(Required)
This field is hidden when viewing the form
This field is hidden when viewing the form
This field is hidden when viewing the form
This field is hidden when viewing the form
This field is hidden when viewing the form
This field is hidden when viewing the form
This field is hidden when viewing the form
This field is hidden when viewing the form
This field is hidden when viewing the form
This field is hidden when viewing the form
This field is for validation purposes and should be left unchanged.