Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/new-model-adviser/article/a636703
Life in the Fast Lane: Ethical Cockrell revamps business after buyout
by Natalie Fast on Nov 30, 2012 at 14:59
Ethical investing crops up for me on the road now and again. Advisers who have stood out for me as leading in this field have been Brigid Benson of Manchester-based Gaeia, Mark Hoskin of Holden & Partners and Tim Bradford at Barchester Green Investment.
My travels this week took me to another adviser who is succeeding in this space. I headed to Norwich to meet Phil Cockrell, director of Investing Ethically, who has been with the firm since 2001.
Remodelling the business Cockrell is remodelling the business after buying out its previous owner in March.
He is championing the move to fees within the firm as well as revamping its investment strategy. This has involved examining outsourcing options for the firm.
Although the ethical investment space has grown, Cockrell said there was a limited choice of outsourcing providers operating in the area.
He uses King & Shaxson, Rathbone Greenbank Investments and Smith & Williamson Investment Management, but is keen to widen the pool of discretionary fund managers (DFMs) he employs.
‘You have to make sure you have lots of options,’ he said. ‘There is a small pool to choose from.’
Relying on the community
Cockrell has relied on the ethical advice community in seeking to expand investment options for the firm.
One DFM on his radar is Parmenion, which provides ethical investment options.
Blogs sponsored by:
Sponsored Video: Philip Saunders – The new Investec Diversified Growth Fund – Seeking an antidote to inflation
Portfolio Manager Philip Saunders introduces Investec's new managed solution which aims to provide investors with attractive real returns over the long–term.
More about this article:
More from us
- Five minute adviser profile: Phil Cockrell of Investing Ethically
- Brigid Benson talked about ethical investments and GAEIA's merger with Castlefields
- Adviser Profile: Mark Hoskin is sticking up for values at Holden & Partners
- Barchester Green awards ethical investing heroes