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ARC Manager Focus: Duncan Lawrie Private Banking
on Apr 04, 2014 at 09:02
Our Asset Allocation committee sets the overall asset allocation for each of our four risk-adjusted asset allocation strategies. Individual managers are then able to populate these using framework models provided by our in-house research team, or alternatively using other preferred securities from our buy lists.
The framework models are a useful indication of which securities are preferred at the present time, providing useful guidance to investment managers in the investment of new monies. As with everything we do, our only motivation is to act in our client’s best interests, so investment managers have latitude to use the rest of the securities on the monitor list based on the client’s individual financial objectives, funds under management, tax situation and cost sensitivity. If they, or clients, want to add securities not covered by research, then this would be permissible if notes are added to the client’s file.
Investment managers are expected to follow the geographical asset allocation for their client, unless the client’s circumstances preclude this. For example, income-seeking clients may find it impractical to have significant weightings in low yield markets, such as US.
What makes Duncan Lawrie different?
Our approach delivers very high client satisfaction ratings, which are also 20% higher than most of our peer group, according to Ledbury Research, who carried out an independent survey on our behalf in 2012 (our RMs scored 81% for client satisfaction).
Because our wealth management service is based around our discretionary investment management service, every client has their own specialist Investment Manager – they are the client’s main point of contact and we pride ourselves on their accessibility.
We also believe that our total impartiality is fundamental when making investment decisions – we are not part of a high street clearer and do not manufacture our own investment products or funds.
Key man - Seth Cowburn, director and head of wealth management
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