Wealth management is the creation of an investment strategy and financial plan to meet a number of aggregated financial goals with the investments and planning needs reviewed on a regular basis to ensure that they are still on track to meet their targets.
One must already have accumulated some amount of wealth for wealth management strategies to be effective. High net worth individuals or small business owners are often in need of this advice due to the complexity of their planning needs and the opportunities that can be presented to them.
It is important to seek the assistance of a credentialed financial advisory specialist to coordinate this planning. Bartholomew Hawkins is a Chartered Financial Planning firm with a very experienced and qualified team who help deliver a tailored wealth management service.
OUR WEALTH MANAGEMENT SERVICES
Our team produce a bespoke financial plan and investment strategy report aimed at meeting your personal and financial needs. We will discuss the planning strategies in a presentation meeting and make any adjustments until you are happy with the final recommendations.
We will then work with you in implementing the planning. This can often take a number of meetings as there may be a number of areas of advice we have agreed.
Once the strategy is in place we will review and monitor this on a regular basis. Financial planning meetings are usually held annually. With the investment strategy a more active approach is usually required.
OUR INVESTMENT STRATEGY AND MANAGEMENT
Bartholomew Hawkins offers an advisory investment management service to our clients. This means that any initial investment strategy or changes to your portfolio are always agreed with you before we implement the planning.
We follow a four part process:
- Risk Profiling – with any investment portfolio it is important to manage it at the level of risk our clients are willing to take. Your Financial Planner will help you complete a risk profiling questionnaire which provides our investment specialists with a starting point in identifying the level of risk for your investment strategy.
- Portfolio Construction (risk management) – our investment specialists will choose the appropriate asset classes for your investment strategy based on the agreed level of risk. For example, if you only want a low level of risk then more of your portfolio will be held in assets such as government gilts, corporate bonds or commercial property. If you are willing to accept a higher level of risk then more of your portfolio will be held in equities including overseas equities or smaller company equities.
- Fund Selection – once your asset allocation has been determined we will look at selecting the funds for you to invest. Time and time again we come across investments where they are just invested in one fund or invested with one investment team. Our portfolios typically consist of between 15 – 20 funds to help with risk management and because investment houses have never been and will never be experts in all areas. Therefore, we select the better investment managers and teams to manage different components of your portfolio. We review over 3,200 funds every quarter where we analyse different risk metrics, consistency of returns and the fund teams and investment managers who make up the funds. From the funds we review, there are usually only 300 that meet our selection criteria. We points score the final 300 which helps when constructing your final investment strategy.
- Review – the most important part of any successful investment strategy is ensuring that it is regular reviewed. At Bartholomew Hawkins we hold a quarterly investment committee where we review over 3,200 funds. We then construct our fund shortlist of approximately 300 funds. Finally, using this shortlist and the asset allocation data that we buy in, we review all of our portfolios.
We write to our “Wealth clients” on a quarterly basis confirming whether any changes should be made and asking for their permission to implement these changes.
We are one of the UK’s top wealth management firms, if you would like to discuss our wealth management or investment management in more detail contact a member of our team who will be happy to assist you.