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:
- Déjà vu all over again: tax avoidance or criminal activity?
- Should wealth firms consider TV advertising?
- Data protection dilemma: how to tackle Mifid II and GDPR clash
- Polar Capital's Rochussen: 'You have to be ruthless'
- RLAM's Fox: Do androids dream of electric cars?
- Is it worth using ETFs to cut model portfolio fees?
- Socially-responsible ETFs grow but education still needed
BMO launches low cost multi-asset portfolios
They will be allocated globally across equities and fixed income and mostly comprise of active strategies.
- Buxton on the Budget: Still on the garage forecourt?
- The Expert View: Kingfisher, Thomas Cook and SSP
- Thursday Papers: Hammond eases off austerity
- Overnight Markets: Amazon lifts Nasdaq to record close
- Budget 2017: the towns and cities on stamp duty hit lists
- Scrap LTA for patient capital investment, gov't told
CIO Tapes 2: two warnings and a lot of optimism
Our group of leading asset management CIOs see a lot of opportunities – and overseas investors are buying UK too
Wealth Manager Retreat 2017: size isn't everything
We asked our delegates at the Wealth Manager Retreat what they think about the recent wave of consolidation in the industry.
CIO Tapes - part 3: 'passive funds are anti-capitalist'
Citywire recently gathered three of the UK's leading fund investment heads to discuss their hopes, fears and the issues that their jobs throw at them daily.
Profile: Kleinwort Hambros' boss on how to manage five banks
Welding together Kleinwort and Hambros – two of Britain’s most historic banks, founded in 1786 and 1839 respectively – was always going to be a challenge.
Investment Committee: Arnaud Gandon, Heptagon Capital
Pub Club: At the Water Poet with BMO's Kelly Prior
Office Spotlight: Brooks Macdonald, Manchester
Made in the Midlands: the growth of boutique BRI Wealth Management
Pub Club: At The Cask & Glass with PortfolioMetrix
Coutts celebrate opening of Rwanda cricket ground
Office Spotlight: Casterbridge Wealth, Salisbury
Citigold client events with a difference
Investment Committee: Gary Stockdale, Vertem Asset Management
Pub Club: at the Oast House with Investec W&I Manchester head
Office Spotlight: Brewin Dolphin, Bristol
Investment Committee: Murray Asset Management keeping the consumer confident
ESG investing set to 'snowball'
London not a threat for Thesis AM Guildford
At The Jugged Hare with Laura Hobbs, Saunderson House
Office Spotlight: Quilter Cheviot, Birmingham
Investment Committee: Thesis' Hoggarth on currency
A day in the life of...Raymond James' Mark Parello
Office Spotlight: EQ Investors, London
Investment Committee: Samantha Dovey, Ravenscroft Investment Management
Pub Club: At The Malsters Arms with Harpsden's Ian Brady