Tom Macpherson and Phoebe Stone run the LGT Vestra model portfolios and Volare multi asset funds. Founded in 2008, LGT Vestra manages client money on a bespoke basis and model portfolios on third-party platforms for financial advisers.
My alarm goes off:
I’m responsible for:
TM&PS: Day to day management of the Model Portfolio Service (MPS), and managing the recently launched multi-asset Volare fund range.
Worst part of my job:
TM: One of the benefits of the MPS is that it is available across many platforms, however, ensuring that funds have 100% commonality is a lot of work!
PS: Train journeys without wifi.
Best part of my job:
TM: Discussing and then adding ideas to portfolios, and seeing these add to portfolio performance.
PS: Presenting investment ideas and themes to IFA clients all over the UK.
TM: During the week, it is usually straight home.
PS: Off to a yoga class.
I got the job:
TM: Straight out of university.
PS: In 2014, after the Coutts graduate scheme.
I’ve been in the role for:
TM: Seven years.
PS: Three years as an MPS investment manager.
How long is your commute to work?
TM: 45 minutes on the tube.
PS: 20 minute walk.
Tea vs coffee?
TM: Black coffee.
PS: Almond lattes from Grind.
Typical lunch choice?
TM: Most of the time I bring my own lunch.
PS: Start-up food delivery company Karma Cans.
What are you reading at the moment?
TM: Wolf Hall, recommended by Phoebe.
PS: My Life on the Road, Gloria Steinem.
What is your guiltiest pleasure?
TM&PS: Espresso martinis at Coq D’Argent.
What’s the biggest challenge you face day to day in your role?
TM&PS: Increasing levels of regulation (particularly with Mifid II around the corner) and downward pressure on fees.
How do you see the wealth management industry in 10 years’ time?
TM&PS: We see technology playing an ever larger role, and that embracing this will enhance outcomes for both clients and the industry.
What do you get up to out of the office?
PS: Tom’s favourite hobby is Scottish dancing, he travels all over the world dancing at different events.