Date opened: 2007
Office clients: 600
Average portfolio size: £300,000
AUM: £390 million
GROUP AUM: £710 million
Top fund picks:
1. Amati UK Smaller Companies: Doug Lawson is a tremendous stock picker and this fund deserves a much wider audience.
2. Henderson Emerging Market Opportunities: This a very high quality, well diversified and relatively small emerging markets fund, with a very experienced manager in Glen Finegan.
3. Artemis Global Select: At around £70 million, Simon Edelsten’s fund can be exceptionally nimble and we like the way the thematic construction dovetails with our modus operandi.
Q&A with Jim Wood-Smith, CIO private clients & head of research, Hawksmoor, Exeter.
What is your typical client demographic?
The South West is an increasingly dynamic and cosmopolitan economy. The typical view of Devon being a retirement home is terribly outdated and our clients are just as likely to be entrepreneurs as they are to be retirees.
What differentiates your region?
There is a unique warmth and friendliness to the South West. The quality of life is unmatchable, even with the wet winters.
What is the best thing about your location?
There is a youthful dynamism about the city, largely because of the student population. In the past five years there has been huge investment into redevelopment and leisure in the city centre, which has a new-found buzz. Yet we are a stone’s throw from Dartmoor, the coast and some of Britain’s most beautiful countryside.
What are the challenges facing your area?
Exeter is outgrowing its infrastructure. The city is booming and expanding rapidly, but the roads are increasingly unable to cope. It is not many years ago when you would rarely see another soul at 7am, now the traffic is already backing up at that time. Cornwall has made superfast broadband a county policy, but rural Devon has yet to catch up.
What is a typical regional saying?
Is that Ben Bradshaw?
What is your office motto?
‘What is the margin of safety?’ Experience teaches that even the best ideas can go wrong. When they do, it is better that you have not bought something that was already priced for perfection; downside protection is in our DNA.
- 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?
Buxton outlines his Vodafone-Liberty 'dream deal'
Old Mutual Global Investors' Richard Buxton says Vodafone should consider an asset swap with Liberty Global rather than an outright acquisition.
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