Private Wealth Management

Transcription

1 Private Wealth Management 1 Cazenove European Fund

2 About us Cazenove Capital Management provides a comprehensive and independent wealth management service. We believe that this independence is fundamental to our success. It ensures that there is never any bias to the advice we provide. As with all areas of Cazenove Capital, our private wealth management business is built on the ethos of mutual trust and confidence. Our focus is, and will always remain, the continued prosperity and well-being of our clients. You will be looked after by highly experienced and talented professionals who will come to know you well. Whichever team is responsible for your relationship, you will find the same culture of excellence and individual attention. Outside of our London headquarters, our private wealth management team is also represented in Chester, Edinburgh, Jersey and Oxford

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4 Appointing a new adviser Managing your financial affairs is becoming ever more complicated. You can rarely afford the time to research all the available options and then implement the appropriate actions. All the decisions you make regarding your wealth will have far-reaching consequences. Whatever the future brings, you need to be confident that your assets are being managed efficiently and effectively. The process of appointing a firm to advise you on your financial affairs can be daunting. In our experience, the four most important factors to consider when appointing an adviser are: Experienced and well-informed individuals who understand your requirements and whom you can trust A firm that offers genuinely impartial advice A personal service and excellent administration A proven track record Building a relationship of trust with you is as important to us as the successful management of your assets. We will take the time to understand you and your financial requirements, as well as your investment objectives

5 Our people and our heritage Cazenove is one of the oldest and most respected names in the London financial community, tracing its origins back to Until 2005, Cazenove Capital was a subsidiary of Cazenove Group plc, representing all the asset management activities of the group. Cazenove Capital then became an independent company following the merger of Cazenove s investment banking business with that of JP Morgan in the UK. Cazenove Capital remains a private company, substantially owned by its own employees and past employees of Cazenove Group. In January 2010, Cazenove Capital acquired Thornhill Holdings Limited, a similarly minded private client business with offices in London and Edinburgh. We have seventeen Directors who look after Private Clients and Charities with an average of over twenty years investment or financial planning experience each. They are supported by talented and attentive teams who will get to know you well. Whichever team is responsible for your relationship, you will find the same culture of excellence and individual attention

6 The well-being of our clients remains the central purpose of the firm

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8 Advising on your wealth Cazenove Capital advises high net worth individuals based in a variety of jurisdictions. Our clients often hold a wide range of assets and many are trying to juggle important family and corporate responsibilities

9 Cazenove Capital provides a complete wealth management service. We develop strategies and establish the structures needed for the future management of your wealth, focusing on tax-efficient solutions. Our experience is that the optimum solution is unlikely to be achieved unless both tax and investment are looked at together. We therefore provide you with access to experts who will take the time to understand your financial position. We then suggest appropriate solutions based on independent and impartial advice. Our recommendations will be clear and realistic about what is achievable and what is advisable. Whilst clients differ in their requirements, there are five broad stages to our advice: Carrying out an in-depth review of your financial position, objectives and risk appetite Recommending and establishing the most tax-efficient structures through which to hold your assets. This may involve consideration of offshore investment bonds, investment companies, employee benefit trusts etc Recommending an appropriate strategic asset allocation (explained in more detail on page 12) Selecting the most suitable managers and investments within each asset class Providing ongoing tactical asset allocation, monitoring and reporting. This includes reviewing any changes in your circumstances and advising you accordingly You may choose to access the full range of services described above or to focus on specific elements

10 A sense of calmness, of balance and of looking beyond the immediate

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12 Our investment approach A proven record Our tailored approach means we do not adhere to set models; every client has individual needs. Once we have understood your aims, we can demonstrate the work we have carried out for clients with similar objectives and the performance of the portfolios we have devised for them. The management of risk As early as possible in our conversations with you, we will discuss risk. We find clients understand risk most easily if it is defined as potential loss of capital rather than as volatility against a benchmark. We talk to you about how different investment strategies might rank in terms of risk and agree on what level of risk you personally are comfortable taking. Asset allocation A prime determinant of long-term returns is asset allocation. Our principal concern is to create an individual strategy that meets your requirements with an acceptable level of risk, rather than simply replicating benchmarks. We believe investors should hold a diversified range of assets in order to reduce the volatility of returns from their portfolios. Talented managers Having agreed the most appropriate long-term asset allocation, we aim to invest our clients portfolios with the highest calibre specialist managers in each sector and geographical region. We recognise that no single house can truly claim to be an expert in all areas, so we adopt a best of breed approach. This involves combining our in-house expertise with carefully selected third party managers to achieve the most cost-effective cover of all regions, whilst never compromising on the quality of our services. Responsible asset management As a responsible asset manager, we take corporate governance and sustainability seriously and integrate social, environmental and ethical research into our mainstream investment process

13 More about Cazenove Capital Alongside our Private Wealth Management services, Cazenove Capital is also one of the UK s leading charity fund managers and a successful specialist manager of investment funds. Private Wealth Management & Charities Investment Funds Charities We understand the investment issues that charities face and the increasing responsibility and duty of care placed upon trustees. We provide specialist investment services for our clients using a range of innovative solutions for both segregated and pooled mandates. We can invest across all areas and can act as a trusted impartial adviser on a range of issues such as strategic asset allocation and socially responsible investment. Investment funds Cazenove Capital is an independent investment business. We remain focused on what we do best: delivering performance with a strong emphasis on risk management. Our specialist fund managers are highly experienced, many receiving awards and ratings as a consequence of their investment expertise. We specialise in three key investment areas: UK and European equities, Fixed Income and Multi-Manager funds

14 An invitation To learn more about our full range of wealth management services, please contact us for further information Mary-Anne Daly Head of Private Wealth Management Telephone +44 (0) David Austin Head of Financial Planning Telephone +44 (0) Jeremy Hervey Head of Charities Telephone +44 (0) and for Charities: Edward Harley Director, Charities Telephone +44 (0) or visit:

15 Regulatory information & risk warnings This document is issued by Cazenove Capital Management Limited (Cazenove Capital), a firm authorised and regulated by the Financial Services Authority. Nothing in this document should be deemed to constitute the provision of financial, investment or other professional advice in any way. Past performance is not a guide to future performance. Values may fall as well as rise and you may not get back the amount you invested. Income from investments may fluctuate. Changes in rates of exchange may have an adverse effect on the value, price or income of investments. You should be aware of the additional risks associated with investment in emerging and developing markets. Unregulated collective investment schemes operated in offshore centres are unlikely to offer a level of investor protection equivalent to the UK. Such schemes may deal infrequently and may limit redemptions. Some of the investments we may make on your behalf could be in investment companies which use gearing as a strategy or invest in other investment companies which use gearing, such as investment trusts. The strategy which the issuer of such securities uses or proposes to use may result in movements in the price of the securities being more volatile than the movements in the price of underlying investments. The investment may be subject to sudden and large falls in value and you may get back nothing at all if there is a sufficiently large fall. This document may include forward-looking statements that are based upon our current opinions, expectations and projections. We undertake no obligation to update or revise any forward-looking statements. Actual results could differ materially from those anticipated in the forward-looking statements. All data contained within this document is sourced from Cazenove Capital unless otherwise stated. L10010_Private_Wealth_Management_Brochure

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