Wealth Manager - Essential news for investment professionals

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Weatherbys develops discretionary service with ARC

Weatherbys develops discretionary service with ARC

Weatherbys Private Bank has launched a discretionary investment management service, which has been developed with Asset Risk Consultants (ARC).

The service went live this week and is being offered to both the family-owned private bank’s existing clients and outside investors.

It comprises four risk-based portfolios, ranging from cautious to growth, which will be run as funds of funds.
All of the underlying holdings will be overseen by third-party fund managers.

Guernsey-based ARC has been retained to provide consultancy on risk profiling, portfolio structuring, manager selection and ongoing performance monitoring.

This will form one of the three pillars of the private banks’ triple-pronged investment approach. The other pillars will be internal research by the groups financial planning and banking teams and an independent investment committee chaired by Roger Weatherby (pictured), the private banks’ eponymous chief executive.

Weatherby stressed the funds will be managed in keeping with the company’s conservative traditions and will be ‘cautious’, with a focus on ‘protection, security and safety’.

‘The service is driven by what the client needs and what is available in the market,’ Weatherby said. ‘We are completely independent from the fund provider. Our selection process is robust, straightforward and risk-based, which is particularly important given what has happened over the past three years.’

The investment service will be run by director Roddy Buchanan, who joined the firm from Ansbacher, where he spent seven years as head of wealth management.

‘We believe we have put together a very distinctive service,’ he said. ‘We are pleased to be working with ARC. We have focused very much on understanding the clients’ needs to ensure that we are clear about what they want, what volatility they are prepared to accept and the return they are seeking.’

The discretionary fund management service further broadens Weatherbys’ client proposition, which also includes financial planning, private banking and tax planning. Founded in 1770, it is the official bank of the British Horseracing Authority, which means it holds and dispenses all prize money in the sport and it also runs the official UK and Ireland stud book, which details the breeding of all thoroughbred horses dating back to 1790.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Sarasin’s Boucher: why I like salmon with chocolate

Sarasin’s Boucher: why I like salmon with chocolate

Henry Boucher, manager of the £129 million Sarasin Food & Agriculture Opportunities fund, explains why he is gobbling up salmon and chocolate stocks.

Play Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Libby Ashby and leading wealth managers analyse what the Alibaba IPO hype means for Chinese equities, slowing growth of the UK economy and whether there’s anything left to play for in the European sovereign bond market.

Play Tesco, Japan and the rise of the central banker

Tesco, Japan and the rise of the central banker

 Libby Ashby and leading wealth managers scrutinise the food retail sector, Japan’s consumption tax hike and political risk in the markets.

Your Business: Cover Star Club

Veteran banker boosts Sanlam’s stockbroking team

Veteran banker boosts Sanlam’s stockbroking team

A veteran private banker has been recruited by Sanlam Private Investments to strengthen its advisory stockbroking team.

Wealth Manager on Twitter