An interview with Margaret, a retired university professor

Author -  Margaret

How did you begin working with your Spicers adviser?

At first we used a small firm in Hamilton, and then they were bought out by Gareth Morgan’s company – GMI. They put on a fancy lunch with wine and all the trimmings, and I didn’t like the way they were splashing money around. So I rang my cousin, a lawyer, and said I was going to pull out of GMI and do it myself. He said that wasn’t a good idea and suggested I get in touch with Spicers. That’s how I found our adviser, who’s superb. 

How did the first meeting go? 

My husband was alive then, so we both went. At first our adviser asked what we wanted from the investment, and whether we wanted to be cautious or adventurous. He took a note of everything we had and we talked about investment strategies. 

Has your Spicers portfolio lived up to expectations? 

Our investments have grown substantially since we moved to Spicers. Our adviser pointed out that the portfolio makes more in a year than my husband and I ever made when we were both working. And that was with a fairly conservative approach to risk. Spicers certainly know what they’re doing. 

How else has your Spicers adviser helped you?

My husband was ill for a long time before he died. About one and a half years ago, our adviser recommended I change all assets into both our joint names. This was a very good idea because our term deposits were in my husband's name. This good advice simplified a difficult time for me. It saved having to get probate.

 

What is your investment strategy?

Our plan was always to keep what we’ve got safe, but if there’s money to be made then we’d like to make it. Our Spicers portfolio is well-diversified with both local and global investments.

 

How do you keep in touch with your adviser?

He sends written reports every three months and calls in about twice a year to talk things through. At other times he’s always available. He’s a friend now. When my husband was alive, he even drove us to Spicers’ client events

Important information

The content on this website is of a general nature and does not constitute financial advice or other professional advice. Before taking any action, you should always seek financial advice or other professional advice relevant to your personal circumstances. The circumstances of the person(s) featured in the customer story are likely to differ from your personal circumstances. All forms of investment involve risk. No entity or person guarantees any investment products mentioned on spicers.co.nz, any investment in the products, or any returns on any investment in any investment product, gives any warranty of reliability or accuracy, or accepts any responsibility arising in any way from any error or omission. Past performance is not indicative of future performance and is not guaranteed by any party. A disclosure statement is available from your adviser, on request and free of charge.

 

Ready to take the next step or have more questions?

Call 0800 102 100 to arrange a no-obligation consultation with a Spicers adviser... More >

The Advice Process

The advice process includes four stages – discovery, developing your plan, putting the plan into action and reporting/reviewing.... More >

How much do you need?

Use our calculators to identify your retirement and savings goals... More >

Looking for an adviser in your region?

Select your region to find a list of Advisers in your area or give us a call on 0800 102 100 to be connected with your nearest... More >

 

Subscribe to our Quarterly Newsletter

First Name
Last Name
Email Address