THERE is a new name in investment management in Dorchester, with the establishment of Poundbury Wealth Management.

The man behind the firm is financial adviser Tim Gallego, who says that after the economic storms of recent months, now is very much the time for individuals to be looking at their financial arrangements.

Tim, 45, who lives at Poundbury, said: "All the recent uncertainty has generated a big rise in risk aversion, with everyone reducing spending and looking to reduce debt.

"But there is a keen sense that market valuations are now increasingly compelling in a number of sectors, providing huge opportunities for those investors who like to take a medium and longer term view.

"The message to investors has to be not to panic or capitulate and to recognise that, in the past, so-called bear' markets like these have represented a real buying opportunity.

"Investments should be regarded as long-term commitments, and investors should try hard not to be disconcerted by short-term fluctuations."

Poundbury Wealth Management is a member of the St James's Place Partnership, a wealth management organisation.

To mark the establishment of Poundbury Wealth Management, Mr Gallego is holding a champagne launch event at the Brownsword Hall, Poundbury, on October 8.

Anyone interested in attending should e-mail tim.gallego@sjpp.co.uk or phone 01305 266866.