Discretionary portfolio management
We offer a discretionary portfolio management service to a broad range of institutional clients, including pension funds, insurance funds and other organisations either in the UK or internationally. When we offer these services internationally it is via our offshore operations, Close International Asset Management Limited. These services will be subject to different regulation and compensation than services offered in the UK. Please see our ‘Important information’ for details of the regulation and compensation applicable.
A tailored and customised service
Our investment philosophy is to protect, manage and enhance the wealth of our clients. Each one of our clients is unique, and therefore investment portfolios are tailored for each client depending on their investment objectives. We manage portfolios on a customised basis with either relative or absolute return benchmarks. These are agreed in advance with the client and reviewed regularly.
Portfolio construction
We construct portfolios on a client by client basis, taking into consideration the tolerance for risk against that of the agreed benchmark.
Dedicated relationship management
In keeping with the client-driven focus of the division, our clients have direct access to the fund managers who are responsible for the day-to-day management of their portfolios. We aim to forge long-standing relationships with our clients by providing a quality service on an individual basis and through being committed to realising our clients’ investment goals.
Meetings will take place at least once a year and more frequently if required by the client .In addition, formal written reports on the progression of the portfolio can be produced on demand.
Expertise
Our broad range of investment skills and expertise across all asset classes enables us to invest either directly or via third party vehicles. This “open architecture” approach to investment selection and disposal of investment vehicles means that clients avoid unnecessary restraints in accessing the best ideas and investment opportunities.
Investment approach
Behind the “traditional” service which we offer to clients is a robust and formal investment process. This is delivered by a team of investment specialists who research and analyse global markets, individual companies and select third party funds to help shape and define the overall investment strategy of the business. The resulting investment decisions are reflected within your portfolio. The professionalism of these individuals is reflected in the long-term investment performance record and the high level of client retention.
Managing risk
We place our clients’ risk and return aspirations at the centre of our investment process. Guided by your fund manager or financial adviser clients set the risk parameters according to their tolerance to risk. We work within them, using a blend of asset types or combining the investment styles and expertise of different managers to achieve optimised risk / return objectives for you. These can be set on an absolute or total return basis.
Clients benefit from the transparency of our approach, coupled with our proven track record and the knowledge that the service we provide has been the core of what we do for many years. Over time trust is built up between our clients and us so they can be re-assured that their interests will always take precedence when entrusting their monies with us.
Service and reporting
Clients receive regular valuations which show performance statistics, asset allocation breakdown and stocks traded, and can in some cases access their portfolio online. We formally review the progress of your portfolio with you in person on an annual basis. |