Date opened: 2003
Number in team: 8
Assets under management: £130million
Bullish/Bearish: Moderately bullish
Number of clients: 400+
Average portfolio size: £400,000
Top stock and fund picks:
1. Finsbury Growth & Income Trust
2. Fundsmith Equity fund
3. Legg Mason Japan Equity fund
Q&A with William Forsyth, investment manager and principal, Charlotte Square, Edinburgh (picture below):
What is your typical client demographic?
Corporate clients, individuals and families who have built up their pension pot, which they want us to make work for them – to optimise income and capital growth opportunities in line with their current commitments and future plans.
What differentiates your region?
Edinburgh is blessed with great access to fund managers and company management, while not having the occasionally frantic feel of London life. This creates a great work-life balance and helps private wealth managers to provide a more personalised and relaxed service to customers, while maintaining strong expertise.
What challenges are facing your local area?
It is difficult to talk about challenges facing Edinburgh without talking about the potential second independence referendum. The financial services community in Edinburgh is understandably nervous about this as it has a heavy reliance on customers in the rest of the UK.
What’s the best thing about living in your region?
Edinburgh is one of the world’s most beautiful cities with hills and beaches on our doorstep. This is why the typical Edinburgh resident is a strong advocate of global warming.
What is a typical regional saying in Edinburgh?
‘You’ll have had your tea then.’
What is your office motto?
Never forgive, never forget…
Charlotte Square typical balanced portfolio:
- Standard Life Aberdeen: 'rapid move to a simple future'
- 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?
Monday Papers: EU stands firm over Northern Ireland border
And Chinese President Xi Jinping is set to rule for life as China lifts presidency limits.
- Coutts and Adam job cuts help fuel 52.3% profit jump
- Martin Gilbert hopes to win back £109bn mandate after insurance sale
- The Expert View: Barclays, Centrica and Anglo American
- Friday Papers: Standard Life Aberdeen to quit insurance in £3bn deal
- Overnight Markets: Dow, S&P surge on energy and industrials
- Former Source co-founder to launch new ETF business
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
Walking with Wealth Managers: Louis Coke of Charles Stanley Guildford
Pub Club: At The Britannia in Richmond with Quartet Capital Partners
When Raymond James’ Mark Parello and Matthew Singleton popped to the House of Lords
Office Spotlight: Charles Stanley, Southampton
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