MORRINSON WEALTH MANAGEMENT LLP. Senior Partner Practice of St. James s Place Wealth Management PARTNERS IN MANAGING YOUR WEALTH PAGE 1

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1 MORRINSON WEALTH MANAGEMENT LLP Senior Partner Practice of St. James s Place Wealth Management PARTNERS IN MANAGING YOUR WEALTH PAGE 1

2 The team at Morrinson Wealth Management have been a great guide to me to make sense of what often seems like the complexities of the marketplace. I appreciate their challenge, insight and ability to tailor what I need to the pace and approach that work for me and my family. I would encourage people who are looking for good solid advice, to come and have a chat with them and try them out for yourself. MD (Head of UK Consulting), Accenture UK plc Morrinson Wealth Management have become true trusted advisers to me in all matters related to financial and retirement planning. They are constantly available to provide advice and guidance and seem to be looking out for opportunities to maximise returns on my investments. I really appreciate their support, would like to thank them for their guidance and would recommend them to anyone. MD, Accenture UK plc I have always found the advice from Morrinson Wealth Management to be clear and insightful. They have made a very significant contribution to helping me develop my retirement and savings strategies. I am pleased to be able to recommend them. Partner, Deloitte LLP I value the relationship and trust I have built with Morrinson Wealth Management. I lean on them to look after the long term and they deliver this with minimal hassle and with initiative and focus. I trust on them to deliver the best for my family s future. Chief Operating Officer (North America), Avanade MORRINSON WEALTH MANAGEMENT LLP Senior Partner Practice of St. James s Place Wealth Management Creating the financial future you desire for yourself, your loved ones or your business requires vision, planning and skilful execution. We can help you reach your financial goals by offering appropriate advice in the present, so as to plan for the future. By ensuring your plans remain effective, your future can become financially secure, no matter how your circumstances change. At Morrinson Wealth Management we believe that those who devote the necessary time to the demands of their financial wealth today will benefit substantially in the future. This brochure outlines our wealth management services and expertise which we hope you find informative. We would very much like the opportunity to build a professional and enduring value-added relationship with you. In times of economic stagnation (at best) St. James s Place have consistently been delivering me double digit growth. Morrinson Wealth Management have a good understanding of my needs and risk appetite and advise accordingly. They provide a level of reassurance that my financial needs and future are being well looked after. Partner, PricewaterhouseCoopers LLP Morrinson Wealth Management have offered me very sound advice over the years. They take time to understand the needs of their clients and work with them to build an appropriate portfolio. Overall, I am very pleased with their work and have recommended them to a number of colleagues and friends. MD, Accenture UK plc Stanley Morrinson Managing Partner Morrinson Wealth Management always deliver a high quality and responsive service across the board. They carefully gauge my financial needs and then walk me through the planning in order to fit my personal and family investment objectives on a bespoke basis. Partner, Deloitte LLP PARTNERS IN MANAGING YOUR WEALTH PAGE 2 PARTNERS IN MANAGING YOUR WEALTH PAGE 3

3 WHAT DO WE OFFER? We offer our clients financial security, peace of mind and trust. We advise across various aspects of wealth management, helping individuals, trustees and businesses from widely differing backgrounds and life stages. We offer access to an exclusive range of St. James s Place products, attracting a number of benefits we would be glad to share with you. Above all, we focus on our clients, thereby building valueadded, enduring and long-term relationships. Our key product areas include: Building and preserving capital Managing cash & borrowings Financial protection against risk These can be broken down into subsegments in the pie chart below as follows: INVESTMENTS PORTFOLIO MANAGEMENT GENERAL INSURANCE EMPLOYEE BENEFITS TRUST & ESTATE PLANNING BUILDING & PRESERVING CAPITAL FINANCIAL PROTECTION AGAINST RISK LONG-TERM CARE HEALTH INSURANCE OUR GUARANTEE TO YOU PENSIONS & PENSION ANNUITIES MANAGING CASH & BORROWINGS LIFE ASSURANCE The St. James s Place guarantees the suitability of advice offered by Morrinson Wealth Management when recommending any of the services and products available from companies in the Group. CASH SAVINGS MORTGAGES COMMERCIAL LENDING Trusts are not regulated by the Financial Conduct Authority. More details of the Guarantee are set out on the Group s website We can offer a single relationship to meet all of your financial needs. Whatever your circumstances, we will work closely with you to create the financial strategy best suited to your personal and specific needs. We can work with you as an individual, a family or a business. PARTNERS IN MANAGING YOUR WEALTH PAGE 4 PARTNERS IN MANAGING YOUR WEALTH PAGE 5

4 OUR FOCUS Our focus is on you, your objectives and your priorities. Putting you firmly at the centre of everything we do is core to our philosophy. This enables us to deliver a genuinely relationship-focused solution as opposed to commoditised, off-the-shelf packages. We work hard to provide you with a personally tailored relationship to meet all your financial needs, present and future. If we meet or exceed your expectations, we hope that not only will you remain a satisfied client, but you may see fit to become an advocate of our practice. Our most reliable growth is through word of mouth. With the benefit of a single relationship, we aim to deliver our commitment to you by: Providing a personal, face-to-face, highly experienced and qualified financial advisory experience Understanding your financial circumstances and objectives Focusing on your priorities Affording you the opportunity to review your financial affairs regularly Agreeing an on-going servicing framework with you Ensuring that our correspondence and literature is clear and easy to understand Encouraging and listening to your feedback Ensuring that our dealings with you are always sensitive to your particular needs. Our own internal process is designed to help our clients make informed decisions and avoid costly errors. Our overriding aim is to establish and maintain trusting and mutually beneficial relationships over the longer term. Morrinson Wealth Mangement excels in bringing quality, professionalism and expertise to all aspects of Wealth Management, while underpinned by the highly established and successful St. James s Wealth Management Group. PARTNERS IN MANAGING YOUR WEALTH PAGE 6 PARTNERS IN MANAGING YOUR WEALTH PAGE 7

5 OUR WEALTH MANAGEMENT APPROACH Simplicity, transparency and accountability. 1 Evaluate your present situation We start by consulting with you to understand your key financial objectives and present financial position. Your Partner can then set out to design the building blocks for a robust and clear financial planning strategy. 2 Plan your financial objectives We are then able to design a solution that is simple, transparent and tailored to your personal circumstances, regardless of your life stage. Rooted in this process is an appreciation that your personal situation will no doubt evolve over time, including your risk profile, level of income, liabilities, aspirations and family commitments. 3 Implement the agreed wealth management strategy Having completed the design process, your Partner will assist you in organising whatever needs to be done to execute plan. 4 Review and monitor the ongoing health of your wealth plan We believe that a fundamental part of effective wealth management comes down to regular face-to-face reviews. This allows us to adapt to your evolving needs and objectives over time. Only then can we remain accountable to our recommendations and advice remaining fit for purpose. Our clients overwhelmingly recognise the value of this ongoing Partner review, planning and support. 8 PARTNERS IN MANAGING YOUR WEALTH PAGE 8 PARTNERS IN MANAGING YOUR WEALTH PAGE 9

6 THE ST. JAMES S PLACE APPROACH TO INVESTMENT MANAGEMENT Successful investment is critical to your future financial, but it is a field challenged by a unique problem; future investment performance is unpredictable. We recognise that investors will be confronted at some stage of their investment lives with the following questions: How do I select an Investment Manager to manage my savings and investments? How will I monitor the Investment Manager and ensure continuity? How will I know if the Investment Manager changes jobs or roles and what s the impact on my investment returns? When you choose an investment manager, no matter how successful, you can never be sure that you have made the right choice. And even if you have, it may not continue to be the right choice over the years to come. The cornerstone of the St. James s Place approach to investment management is its Investment Committee which is advised by the highly respected independent investment consulting firm Stamford Associates. Every client who invests with St. James s Place will automatically benefit from the highly specialist skills that Stamford Associates provide which, ordinarily, private individuals would not be able to access. This offers significant strategic benefits for investors and brings peace of mind to our clients, as the individuals responsible for managing our funds are being continuously monitored by full-time professionals. Identification of likely future performance requires highly sophisticated and time intensive analysis of performance data and fund managers styles. Only a tiny minority of consumers have access to this sort of analysis. Yet without doing so, simply looking at past performance is of minimal value. The value of an investment with St. James s Place will be directly linked to the performance of the funds selected and may fall as well as rise. You may get back less than the amount invested. Its role is to offer the Investment Committee independent and sound investment advice with regard to selecting, monitoring and promptly replacing investment managers when confidence is lost; at no explicit cost or capital gains tax implication for our clients. Therefore ensuring our client s long term wealth strategies remains. Manage the Fund Managers Select active managers from the global whole of market Monitor them closely and continue to monitor the market If a manager moves company or under performs, they can quickly be replaced at no cost to our clients Change where necessary Offer spread and choice of Fund Managers (globally) A simple, transparent, easily understood fund range From the best managers around the world, not constrained just to UK retail managers PARTNERS IN MANAGING YOUR WEALTH PAGE 10 PARTNERS IN MANAGING YOUR WEALTH PAGE 11

7 BUILDING AND PRESERVING CAPITAL Tax & Investment Planning We believe carefully selected investments can offer opportunities to enhance a client s wealth significantly and protect it against inflation; whether you are investing for the short or long term. As a Senior Partner Practice of St. James s Place Wealth Management, we have access to a full range of funds to choose from and can provide you with strategic and expert advice to help you build an appropriate and a well-diversified portfolio. We can also help to ensure that your investments are arranged in vehicles that minimise your liability to taxation which could hinder a portfolio s performance. Retirement Planning For many, retirement will last as long as, if not longer than, their working lives. While making plans for a long and prosperous retirement is likely to involve investment in pensions, the range of strategies that we have deployed to assist our clients has never been wider. Knowing how to take advantage of the opportunities available to you is key, making our advice essential to both private individuals and business owners. The levels and bases of taxation and reliefs from taxation can change at any time and are dependent on individual circumstances. PARTNERS IN MANAGING YOUR WEALTH PAGE 12 PARTNERS IN MANAGING YOUR WEALTH PAGE 13

8 FINANCIAL PROTECTION AGAINST RISK Risk Managing your Wealth Protecting the wealth and financial future of our clients families is a key element of our service. We are specialists in providing solutions to meet exceptional insurance needs, such as unusually high levels of life cover needed to protect estates from Inheritance Tax, or to protect companies and the people who own and manage them. Offshore savings & investments Discretionary portfolio management Pension portfolio consolidation analysis & advice Trust & estate planning Commercial property financing Specialist mortgage services Other Services General insurance (for high value properties and businesses) Pension income drawdown & annuity Self-Invested Pension Plans (SIPPs) Employer Restricted Shares/Options planning advice Your home may be repossessed if you do not keep up repayments on your mortgage. OUR FEES Our fees are set at a level sufficient to ensure we can devote the time, expertise and resources necessary to help you achieve your objectives. Typically our fees are fully inclusive and included within the total costs of the structures deployed to address your objectives. (Full information can be found in our Key Facts about our Services and Costs document) Since dealing with Morrinson Wealth Management, I have found their services, level of attention and responsiveness to be of the highest level. They build trust-backed relationships, which has helped me immensely in adding value to my overall wealth as well as protecting my assets in the future. I have no hesitation in recommending the team to any future clients. MD, Accenture UK plc I ve previously been sceptical of taking financial advice. Morrinson Wealth Management have done a great job of walking me through the benefits of doing so and made it easy at each step of the way. My portfolio is now much better structured and monitored, and I m already starting to see an improved return. Partner, Deloitte LLP Morrinson Wealth Management provides an excellent service; they are always willing to talk at short notice and keep me up to date with the numerous pension changes. They are proactive and call me in advance of the end of the tax year. Being a busy professional, my clients come first and my own financial affairs can tend to take a low priority but they give me a nudge at the right time and put a meeting in the diary. I appreciate their shared view of what excellent client service means. Partner, BDO LLP Morrinson Wealth Management always bring balanced and practical advice; they give clear guidance and have a personable approach which is refreshing and to the point. The steps we have taken together towards maximising my wealth (including shifting funds) will be of great benefit to me and my family. I am impressed with their quick responsiveness and regular contact which ensures that I do not miss out on opportunities relevant to my circumstances. Partner, Deloitte LLP Morrinson Wealth Management have been a good advisers over the years I have worked with them. They are prepared to spend the time to understand my affairs and needs and then provides advice that is relevant and valued. They keep in regular contact to ensure that we are informed and able to question investment strategies. I would not hesitate in recommending them to anyone. Partner, BDO LLP Morrinson Wealth Management have been proactive and have given me good advice to achieve my investment goals. I have been particularly impressed with their speed to react to changing market conditions. Fund Manager, BNP Paribas Real Estate Morrinson Wealth Management are good listeners, friendly, and adapt their approach to the needs of their clients - in my case one that is low-touch, low on sales pitches but offering relevant advice when appropriate. Principal, BC Partners PARTNERS IN MANAGING YOUR WEALTH PAGE 14 PARTNERS IN MANAGING YOUR WEALTH PAGE 15

9 MORRINSON WEALTH MANAGEMENT LLP Senior Partner Practice of St. James s Place Wealth Management St. James s Place House, 3 Moorgate Place, London, EC2R 6EA Tel: +44 (0) stanley.morrinson@sjpp.co.uk The Partner Practice represents only St. James s Place Wealth Management plc (which is authorised and regulated by the Financial Conduct Authority) for the purpose of advising solely on the Group s wealth management products and services, more details of which are set out on the Group s website The St. James s PARTNERS IN MANAGING YOUR WEALTH Place Partnership and the titles PAGE 16 Partner and Partner Practice are marketing terms used to describe St. James s Place representatives. 01/14