My husband and I have been self-isolating since lockdown.  We are still feeling very nervous about seeing people as we fall into the “at higher risk” category.  We’re both in our seventies and my husband has a heart condition.  We have a holiday cottage on the coast which we were renting out but we’ve decided to sell it so that we don’t have to go out there each weekend to service it on changeover days.  It’s probably worth about £200,000.  We’d like to get some financial advice about where to invest the money when it sells but would rather not have people come into our home or visit an office, but are worried that this means we can’t get proper advice.  We don’t really know enough about investments and stocks and shares to do it on our own. What do you suggest?

Carl Lamb of Smith & Pinching responds

You certainly can get advice without meeting face-to-face.  Throughout the COVID-19 crisis, Independent Financial Advisers such as ourselves have been carrying out meetings remotely using a range of different means of communication.  If you are comfortable with video calling technology, we can have the meeting via one of the industry-proven platforms such as Microsoft Teams.  If not, then a meeting can be carried out on the telephone – or even perhaps socially distancing in your garden!   We all appreciate the concern being felt by those who are at risk and won’t do anything to compromise your safety.  Whichever means we use to meet with you, we will always follow it up with written confirmation of what we discussed, what you told us and what we recommend.

Please do ensure that you get independent financial advice when you come to invest the proceeds of your holiday cottage.  It’s important that whatever investments you adopt are suitable for you and your specific circumstances.  An adviser will make sure that your investments are matched with your investment risk profile which means that you won’t be exposed to more overall risk than is within your comfort zone.  We’ll work out what you want to achieve with your investments too, so that if, for example, you need an income from your investments, then we can recommend suitable investment assets that are income-producing.

Any opinions expressed in this article do not constitute advice.  The value of an investment and the income from it could go down as well as up.  The return at the end of the investment period is not guaranteed and you may get back less than you originally invested.

Carl is a Chartered Financial Planner at Smith & Pinching