Is it business as usual at Blackfinch?
Yes, it is very much business as usual. Our aim is to provide the highest level of support and continuity to advisers and investors. Our teams are all working across the business and carrying out regular day-to-day functions. All of the products and services are running as usual and we continue to receive regular inflows of new investor money. All current products remain open for investment.
What measures have you taken in response to the coronavirus outbreak?
We have a robust and well-tested approach for the months ahead. All risk management and monitoring controls have been increased across the investments which we manage. Where applicable we are producing internal reporting on the markets on a daily basis. We are following government guidelines, with teams working remotely, now using increased IT capabilities. We have also enhanced our processes to meet customers’ requirements during this period.
How is Blackfinch continuing to manage investments and support investee companies?
Our unlisted products, including the Blackfinch Spring VCT, Blackfinch Ventures EIS Portfolios and Adapt IHT Portfolios, have a much-reduced correlation to the markets. However, we are supporting all portfolio companies throughout this period, working closely with the management teams of each. Many companies within the EIS and targeted for the VCT are able to further grow their business in this environment as they offer remote services. Meanwhile the companies underlying the Adapt IHT Portfolios are well placed to capitalise on new opportunities in specialised markets.
Our listed products include the Blackfinch Wealth Managed Portfolio Service (MPS) and the Adapt AIM Portfolios. The MPS portfolios are multi-asset and globally diversified in nature so their values have not suffered to the same extent as many of the global stock markets. They are regularly rebalanced, with a focus on long-term investment objectives. Within the Adapt AIM Portfolios, companies are strongly positioned, often offering essential and/or remote services, and proving resilient.
How can I access and send application forms and monies while working remotely?
We have enhanced our processes to support remote working and social distancing. You can now access application forms that are editable online helping you to complete these more efficiently, just speak to your local Business Development Manager for more information. We also now accept scanned applications and payments by BACS and CHAPS. We can, of course, still process hard-copy applications and payments by cheque. However, the updated process facilitates applications by email and bank transfers.
How can I keep up to date with news from Blackfinch on its response to coronavirus?
Throughout this period, we will be sending regular updates to all of our financial planning partners. This is to ensure that we provide a regular flow of information to help with conversations, meetings and decision-making. If you are an adviser who is not already on our mailing list, you can sign up for updates by completing the ‘Stay in Touch’ fields found at the end of any page on www.blackfinch.com.
How is Blackfinch positioned for the future?
We continue to carry out our work based on our values of ‘adapt’, ‘evolve’ and ‘thrive’, which have already enabled us to navigate many past market upheavals. In the face of the events arising from coronavirus, this ability to adapt and evolve with changing conditions and requirements has come into force. We are focused on helping our customers, our investee companies, and our workforce through this period, in order that we can see each continue to thrive. We look forward to navigating this situation together and returning to more certain times as an even stronger team.
Can I get in contact if I have questions?
We continue to offer extensive support for our financial planning partners and their clients.
If you have questions on investments or any aspect of our processes, please contact us on [email protected] or call 01452 717070.
READ AND DOWNLOAD UPDATES
Blackfinch Property: FAQs for Investors – here
29th April 2020
EIS Portfolios companies update – download here
25th March 2020
Adapt AIM Portfolios companies update – download here
1st April 2020
Adapt IHT Portfolios underlying companies update – download here
31st March 2020
Business continuity letter – download here
16th March 2020
Market update – download here
10th March 2020