Date opened: 2008
Average portfolio size: £400,000
Number in team: 3
Office clients: 150
Asset under Management: c£60 million for the Harrogate office
Top three fund picks:
1)Trojan Fund, Troy Asset Management
2)Scottish Mortgage Investment Trust, Baillie Gifford
3)Alquity Asia Fund
Q&A with (left to right) director, Mark Arkwright and investment managers Paul Stevens and Simon Hebb, Gore Browne Investment Management, Harrogate
What is your typical client demographic?
Does not really apply as we have clients throughout the UK and overseas. Most of the newer business is pension fund related though and we are seeing an increasing number of the younger generation following their parents and establishing portfolios.
What differentiates your location?
It’s Yorkshire! The main thing in Yorkshire is that clients are very keen on value for money followed by service, and this mentality is also very helpful at winning new clients elsewhere in the UK.
In terms of portfolio management, the vast majority of clients are more focused on long-term absolute performance rather than short-term performance relative against a benchmark or index. This does appear to have changed since the financial crisis.
What challenges are facing your area?
Earnings are not as high as other parts of the country, but we are experiencing the same price increases. The fallout from Brexit is still unknown, in particular how this will impact the rural community.
What’s the best thing about living in your area?
It has to be the lifestyle, in that you have a range of cities and towns such as Leeds, York and Newcastle within easy access, but then you also have the other extremes, such as the Yorkshire Moors and Dales on the doorstep. There is something for everyone.
What’s a typical regional saying?
‘You can always tell a Yorkshireman, but you can’t tell him much!’
What is your office motto?
‘A satisfied customer is the best business strategy of them all.’
Bullish or bearish: A bit of both, compared to recent history we have more defensive holdings such as alternatives and infrastructure, but still retain a reasonable exposure to equity markets (developed and emerging).
Typical balanced portfolio:
- Shrimp wars: the Indian commodity that could get caught in the net
- Predicting the future: a problem in asset management
- Surprise at Mifid II ‘bill shock’ warning
- Cohen & Steers: rate misconception masking Reits opportunity
- Secret CEO: FCA fund remedy approach is 'fundamentally flawed' 2
- 'We're not Beaufort Securities!' Dealing with mistaken identity 1
- Why Thesis centralised its fund research function 1
Bond manager Jon Mawby exits Man GLG
Co-manager Andy Li will assume sole responsibility for the firm's Global Corporate Bond and Strategic Bond funds.
BNY Mellon Investment ManagementHorror on the high street: ‘Experiences over things’ revs up retail apocalypse
- Bumper dividend growth hides underlying FX weakness
- Martin Lewis sues Facebook over fake ads claim
- 50 Economics Classics: the Intelligent Investor
- Monday Papers: May faces Brexit showdown
- Rising US yields, earnings deluge pressure Asia stocks
- Sunday Papers: Dieselgate leaves UK’s car industry in crisis
Mark Stevenson: oil is the dumbest place to put your money
Futurist Mark Stevenson says that investing in oil is not just a risk to the environment but also your investment.
Boutique tapes: my business will never be sold
In the final part of our four part series we discuss consolidation and whether it's getting tougher for boutiques to survive.
Boutique tapes: are top managers better off at small firms?
In episode three of our series, boutique bosses discuss whether the best fund managers are more likely to thrive at smaller firms.
Profile: how this boutique beat the big guns of wealth
This small west country offshoot of a local IFA scooped a 2018 Citywire award from beneath the noses of the national challengers
Former Walker Crips wealth manager proud to celebrate Best Beginnings' 10th Anniversary
MPS Investment Committee: Jonathan Webster-Smith, Brooks Macdonald
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Pub Club: At The Kings Store with Standard Life Wealth CIO John Hair
MPS Investment Committee: Gill Lakin, Brompton Asset Management
On the Road diary...in Manchester
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Pub Club: At Ye Grapes with Connor Broadley’s James Connor and Chris Wyllie
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MPS Investment Committee: Barry Cowen, Sanlam FOUR
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Pub Club: At Shakespeare's Globe with Sanlam's Cynthia Bowring
Wealth managers and IFAs join forces for the 'Girls Speak Out' appeal