Date opened: 1 September 2011. Previously Anderson Strathern Asset Management was part of the law firm and traces its history back over 250 years.
Number in team: 20
Office clients: 525
Average portfolio size: £480,000
AUM: £260 million
Bullish or bearish?: Bullish, but as long-term investors we are more focused on longer term client outcome.
Top three fund picks:
- Liontrust UK Smaller Companies – a sensible long-term approach to small company investing in the UK; should navigate Brexit uncertainty well.
- Lazard Global Listed Infrastructure Equity – a conservative and selective approach to infrastructure; reduced exposure to equity market risk.
- Neptune European Opportunities – a value play on Europe; should help to diversify the more ‘quality’ approaches to the sector and outperform as the region gets back on its feet.
Q&A with John Brett, CEO, Anderson Strathern, Edinburgh
What is your typical client demographic?
Individual investors, trusts, charities and corporates.
What differentiates your location?
Scotland’s inspiring capital offers an irresistible blend of history, natural beauty and modern city life.
An important international financial centre, with banking, life insurance and pensions, asset servicing and investment management activities.
It is currently the second largest financial centre in the UK, outside of London, adding upwards of £5 billion per annum of gross value and employing more than 40,000 people across the sector.
What challenges are facing your area?
Political uncertainty – Brexit and potential IndyRef2
Whether it be students from overseas contributing to research at our universities or talented staff helping to grow our industries, the Brexit negotiations will be crucial in ensuring Edinburgh retains its experienced, multicultural and eclectic workforce that helps drive the economy.
What’s the best thing about living in your area?
Edinburgh is a beautiful and compact city with a rich history and thriving cultural scene. A massive 16% of people walk to work in Edinburgh, more than any other UK city.
The city’s festivals will welcome more than 3,000 performers from 49 countries who will carry out 50,000 shows in 313 venues. Being a popular city with tourists, there are countless pubs, clubs and restaurants to keep you entertained.
What is a typical regional saying?
‘Mony A Mickle Maks A Muckle.’ An old Scottish slang expression, which effectively means, at the end of the day, small amounts of money add up and eventually lead to a pretty penny. An expression that although may appear obvious, is very relevant in today’s UK economy.
Typical balanced portfolio:
- How firms ensure fund managers don’t break rules
- Danger! The products that worry wealth managers
- Is Mifid II the final nail in the wealth advisory coffin? 12
- What is the best way to pay wealth managers?
- Iress: a grand technological wealth design
- Mifid II conundrum: how do managers value good research?
- Why are stocks falling and how far could they go? 2
Fidelity reverses decision to bill clients for research
Wealth managers welcomed the move as Fidelity said it will absorb research costs after 'extensive' client discussions.
Rathbones' Smith on China's economic hegemony ambitions
Discussing China's saving problem, Ed Smith argues that if the country opens up there will be an outflow of capital.
Liontrust ESG head says sustainable investment doesn't mean low return
Peter Michaelis talks about ethical investment growth and where he sees future opportunites.
Are platforms the biggest barrier to wealth manager ETF take-up?
Citywire hosted a roundtable discussion to find out how and if wealth managers are using ETFs in their clients' portfolios and the challenges they face trading through different platforms.
Profile: Philbin on the opportunity explosion in fund selection
The veteran fund selector expains how his role resembles football management
Passive funds and chocolate: 5 DFMs Lent sacrifices
Pub Club: At the White Horse with Close Brothers Asset Management's Matthew Stanesby
Epoch Wealth Management, the Bath-based firm collecting charity work on more than one count
MPS Investment Committee: Tacit's Paul Wharton on managing low risk strategies
Office Spotlight: Tilney, Newcastle-upon-Tyne
Podcast: Walking with Wealth Managers - Ben Gutteridge, Brewin Dolphin
Pub Club: At The Tokenhouse on Burns Night with James Burns
MPS Investment Committee: Cazenove Capital's Rooke on blending manager styles
Office Spotlight: Ravenscroft, Guernsey and Jersey
Bitcoin chatting cabbies! What bugs three wealth managers
Pub Club: At Singer Tavern with Rathbones' Robert Szechenyi
Office Spotlight: Standard Life Wealth, Bristol
MPS Investment Committee: Simon Doherty, Quilter Cheviot
Pub Club turns Kebab Club with Dan Adams, Psigma Investment Management
A day in the life of: Antony Keen, PM+M
MPS Investment Committee: LGT Vestra on where the risks lay in 2018
Office Spotlight: Rowan Dartington, Leeds
Pub Club: A meat feast at Blacklock with Dart Capital
What's on in 2018: Wealth Manager Events Calendar
New Citywire podcast: Walking with Wealth Managers - exclusive preview
Office Spotlight: Thesis Asset Management, Lymington