Wealth Management
What do you really want from your investments?
Recent research says that above all other things, the most discerning investors
simply want excellent performance.
No bells, whistles, frills or features. But consistent performance is notoriously
hard to get. Research also shows that if you selected the best performing fund every
year based on last years performance, you would end up at the bottom end of the
table.
No wonder we have to tell you that past performance is no guide to the future and
investments can fall as well as rise.
Advisers are not experts at fund management, which is why we have designed our new
Asset Management platform around what you want.
The solution
What would you want if you could design the best way to manage your money?
To get performance, you have to be in the market, the best fund managers know this.
So instead of picking funds, we have outsourced our entire fund management function
to one of the City’s highly regarded fund management house, Tradition Asset Management.
Crucially, you need your adviser to review the portfolio regularly.
If one part gets out of balance, bring it back into line, before it skews your risk,
down or up. Reviews once a year are simply not good enough. Under the First Scottish
Arrangement, your portfolio is monitored daily
Many IFAs who put their clients into insurance arrangements simply let the provider
manage the money. Those providers aren’t managing the money to the client’s instruction,
they are running the fund to the insurance company’s instruction.
Lastly, make the portfolio transparent- provide daily online access
to the portfolio, the choices that the manager has made and the information he has
used to make it. You can do this with your bank accounts, why not with your investments.
Many fund managers and insurance companies don’t want to provide this level of transparency
and many IFAs don’t think that they have to monitor your portfolio in order to treat
you fairly- we do!
The First Scottish Portfolio
City Gate have set up First Scottish Asset Management, where instead of giving your
investments to a Product Provider to look after, we have created this unique wealth
management arrangement.
Under this arrangement, we will look after your portfolio, manage it to chosen benchmarks,
so that you can genuinely see how it is performing on a daily basis.
We will also give you internet access to your portfolio, so that you can see what
is going on and why- with telephone access to an account manager, who can answer
your questions, not refer you on to another investment house or insurance company
Finally, we can arrange for all your types of investments to be managed to one consistent
policy. Your pensions, collectives. ISAs and PEPs all managed together across a
consistent policy. You can also manage your family assets, trusts, company assets
or offshore funds under a single strategy.
We would be delighted to tell you more about the First Scottish solutions to wealth
management and how it can deliver the performance you want.