independent investment management service
TRANSCRIPT
www.towrylaw.com
Independent Investment Management Service
www.towrylaw.com Independent investment management
Towry Law is a fast growing Wealth Advice business with
Chartered Financial Planner status. Our business is your
The company, founded in 1958, was acquired by John
Scott & Partners in May 2006. The merged business was
and our employees.
Independent investment management www.towrylaw.com
Index
Investing 1
Your Financial Objectives 2
Independent Investment Management Service
Expertise and Governance 4
A Personal Service 4
Our Approach
Independent 5
Active Management Approach 5
Managing Risk 6
1 www.towrylaw.com Independent investment management
investment management services to private individuals.
Investing is a complex business which requires skill,
Most individuals do not have the resources necessary
to look after their investments and turn to a company
offering an investment management service.
Our service is independent. We focus on managing
investment risk to ensure that we achieve a relatively
consistent return for your investments – trying to
capture rising markets and trying to avoid the worst
of falling markets.
Our investment managers are dedicated to managing
our clients’ investments and our investment process
is designed to achieve the best possible return for our
clients within their chosen level of risk.
Investing
Independent investment management www.towrylaw.com 2
The starting point for any discussion about
investment is: what are you trying to achieve? Our
plan – a road map for what they are trying to achieve,
be it saving for retirement, providing income or
preserving capital for yourself or the next generation.
lacks a clear purpose.
from that, agree the best way to construct your
portfolio with a level of risk that is appropriate for
you. Understanding risk and the expected range of
returns that you might achieve is an important part
of determining the right portfolio for you.
index benchmarks. We are able therefore to provide
you with the likely maximum gain and loss that your
portfolio may achieve.
We are able to manage money held in your name or
in a structure that is appropriate for you, such as a
personal pension or Individual Savings Account.
Your Financial Objectives
3 www.towrylaw.com Independent investment management3 www.towrylaw.com Independent investment management
Towry Law
Client financial planand objectives
Independentfinancial advice
Independentinvestment management
AdvicePolicy
InvestmentManagementwealth advice
Independent investment management www.towrylaw.com 4
efforts to achieve your investment objectives. Our
investment experts are not involved in anything other
than investment – we have nothing to distract us
from achieving what we set out to provide for you.
We have a very strong governance process;
managing money requires oversight and controls.
Our Investment Policy Committee is comprised of our
most senior investment professionals and members
of our Board.
Expertise and Governance
Your Wealth Adviser will be your day to day point
of contact with us. Their role is to agree your
appropriate portfolio for you.
We will report to you regularly on the performance
of your portfolio and your Wealth Adviser will
meet with you to discuss its performance and to
not changed. If they have, we will establish a new
approach for you – one that is suited to your
changed circumstances.
A Personal Service
Independent Investment Management Service
5 www.towrylaw.com Independent investment management
We are entirely independent in our approach to
managing your money.
We take no commission on transactions, and use a
wide range of sophisticated asset classes and global
fund managers to construct your portfolio.
Our philosophy is that no one company is good at
managing all asset classes. Our role is to seek out
the leading investment managers in each asset class,
bring their expertise to bear on your portfolio and
blend them together to create your portfolio.
We have no restriction on the number of asset
managers we can access and no restriction on their
size – we invest with some of the world’s largest fund
managers and some specialist boutique investment
some of the best fund managers are to be found in
around the world on your behalf.
Independent
Portfolios are reviewed on a daily basis to ensure
that the investments we hold for our clients are,
in our view, the most appropriate to meet their
objectives. In order to ensure that the investments
are the most suitable, we are continually researching
new investment opportunities.
We research a wide range of investment funds and
asset classes, some of which we invest in today,
some of which we might want to invest in in the
future. It is only by doing the necessary research
that we can determine whether a particular
investment will add value to your portfolio. Typically
we meet with between 350 and 400 investment
managers every year.
We do not follow the herd or bet on which markets
we make decisions based on our expert knowledge
and experience, taking into account your needs. If a
particular market rises sharply, then we may reduce
your holding to maintain the overall balance in your
portfolio. Similarly, if it falls, we may invest in it.
Managing your portfolio to maintain the appropriate
level of risk is at the heart of our investment process.
We use both active investments where we
can see that these can add value and passive
investments, such as ETFs and index funds, where
the opportunity to provide you with superior risk
adjusted performance at lower cost.
Additionally, we are specialists in alternative
investments and understand the way these work
and can be used to balance more traditional
investments – particularly in volatile times.
Active Management
Our Approach
Independent investment management www.towrylaw.com 6
UK Large CapUK Small CapContinental EuropeUS Large CapUS Small CapAsia ex JapanJapanEmerging MarketsUK GiltsIndex Linked GiltsSterling CreditGlobal BondsCommercial PropertyPrecious MetalsLong/Short EquityTraded Volatility Macro StrategiesCash
Source: Towry Law Growth Portfolio, October 2009
Our investment approach manages risk by investing
your portfolio across a wide range of different
investments and markets.
We manage money by investing in funds or
collective investments. We think that this is the
best way of achieving access to a wide range of
investment management skills but is also the best
Through this investment approach we are typically
able to achieve an exposure to over 3000 different
companies in the key stock markets.
Investment in a wide range of markets and or
asset classes is also a key part of our investment
approach. Not all asset classes move in the
same direction at the same time. It is through
understanding how markets interact with each other
that we aim to manage the risk in your portfolio
effectively. We will typically hold investments in 18
or more different asset classes for you.
This was evidenced during 2008 when stock
markets in most major countries were falling but
the values of gold and global Government bonds
soared. By investing in a wide range of investments,
including gold and Government bonds, we ensured
that our clients did not suffer like those who had
invested most of their money in equities.
Managing Risk
Traditional Portfolio
Towry Law Portfolio
Source: Lipper Life Balanced Managed Fund Sector, October 2009
UK
Europe
North America
Pacific ex Japan
Japan
Emerging Markets
UK Fixed interest
Global Bonds
Commercial Property
Alternative Asset
Cash
366 Days From 31/12/2007 To 31/12/2008
Perc
enta
ge G
row
th
-50
-40
-30
-20
-10
0
10
20
30
40
50
60
01/2008 04/2008 07/2008 10/2008
Source: Lipper Hindsight, Percentage Growth Total Return, October 2009Past performance should not be seen as an indication of future performance
FTSE All Share
Gold Index
Citigroup World Government Bond Index GBP
We would welcome the opportunity to discuss our independent investment
management service with you in more detail and talk about how we might help
Next Steps
Details of how our independent investment management service has
performed are available on request.
Our Performance
Please call us on 0845 788 99 33 or email [email protected].
Independent investment management www.towrylaw.com 8
www.towrylaw.com Independent investment management
Towry Law Investment Management Limited
Towry Law House Western Road Bracknell RG12 1TL
0845
TA0927/November 2009
Printed on Era, a recycled paper produced with care for the environment.
788 99 33