At Raymond James we understand that every customer is unique, having different needs and different financial goals. We pride ourselves on building long-standing, one-to-one relationships between our senior team and our clients, which means that any advice we give to you is backed by the expertise of an individual you have come to know and trust.
We are based on King Street in the heart of Manchester and work with clients across the North West and throughout the UK.
As part of the Raymond James group which has circa £700bn of client funds under management, we specialize in providing face to face financial advice to individuals, trustees and businesses.
We have built a business around our core values of fairness, trust and loyalty. This has been possible because of the strength, depth and experience of our adviser team, and our transparent and effective approach to investment management.
Our website will provide more detail on our business, and explain what you can expect if you become a client of Raymond James. I hope you find the content interesting and informative and we look forward to welcoming you as a client in due course.
If you would like to know more about us, please do not hesitate to get in touch with one of our advisers.
Thank you for your interest.
In building your financial plan we take a pen picture of where you are now, then discussing your unique financial and life goals and ambitions. Working together we will build a strategy to help you achieve these goals.
Day to day investment decisions are made by us within your agreed risk and objective parameters, whilst keeping your portfolio costs to a minimum.
Before any portfolio changes are made, these will be discussed with you. This service is aimed at clients who have high market engagement and a good level of knowledge.
BUSINESS & BUSINESS OWNERS
INDIVIDUALS & THEIR FAMILIES
PENSION FUNDS
CHARITIES
PARTNERS IN PROFESSIONAL PRACTICE
SPORT, MEDIA & ENTERTAINMENT
There have been many studies into what makes an investment portfolio perform. These studies have concluded that firstly, asset allocation is the main driver of performance and not the individual funds or holdings in which the portfolio is invested. Secondly, keeping costs low or reducing the cost of running a portfolio will have a large impact on the performance of a portfolio over time.
It is the above principals that form our investment philosophy, which we refer to as “The Core Satellite Approach.”
The core of each portfolio (70%-80%) will be made up of low cost tracker funds, where we buy an asset class index or benchmark. Each tracker will therefore follow the performance of its asset class. We will manage the asset allocation and the exposure to the asset classes.
The satellite approach forms the remaining 20% - 30% of the portfolios. This will be invested in special situation / opportunity positions where we feel individual companies or investments are undervalued and look like an attractive investment, with the target to make the portfolio as a whole outperform.
We also believe that when market conditions are tough, preserving capital is key to achieving long term portfolio performance. This combined with the low running costs of our portfolios, mean our clients have the best opportunity to receive a consistently solid performing portfolio.
Conservative Index |
Income Index |
Balanced Index |
Growth Index |
Adventurous |
|
|---|---|---|---|---|---|
UK Equities |
17.5% |
30% |
30% |
35% |
90% |
International Equities |
15% |
22.5% |
32.5% |
42.5% |
5% |
Bonds: UK Gilts |
10% |
5% |
5% |
2.5% |
0% |
Bonds: £ Corporates |
25% |
17.5% |
10% |
5% |
0% |
Bonds: £ Inflation-Linked |
5% |
2.5% |
2.5% |
0% |
0% |
Cash |
5% |
5% |
5% |
2.5% |
2.5% |
Real Estate |
5% |
5% |
5% |
5% |
0% |
Hedge funds/Alternatives |
17.5% |
12.5% |
10% |
7.5% |
2.5% |
100% |
100% |
100% |
100% |
100% |
|
Portfolio Target return (Net of fees) |
Cash +3% |
Cash +5% |
Cash +7% |
Cash +10% |
Cash +14% |
Investment Mix |
100% Defensive |
75% Defensive |
50% Defensive |
25% Defensive |
0% Defensive |
Conservative Index17.0% 15% 40.0% 5.0% 17.5% 5.0% 100% Cash +2% 100% Defensive |
Income Index30.0% 22.5% 25.0% 5.0% 12.5% 5.0% 100% Cash +4% 75% Defensive |
Growth Index35.0% 42.5% 7.5% 5.0% 7.5% 2.5% 100% Cash +8% 25% Defensive |
Balanced Index30.0% 32.5% 17.5% 5.0% 10.0% 5.0% 100% Cash +6% 50% Defensive |
*When market conditions change or point in a particular direction we have the ability to do outside of these parameters by 20% under/over.
In the UK many investors overpay for underperformance. The reason for using low cost trackers is that in our view they out perform their active counterparts, mainly due to their much lower cost. The following charts illustrate this by showing the performance of the iShares FTSE 250 being passively invested vs the actively managed MSCI UK All Cap Growth.
Source: MorningStar
Performance must be benchmarked, otherwise how do you know if your manager is adding value?
We have selected the Wealth Management Association (WMA) indices as they are entirely transparent. You
are able to find details of the WMA benchmarks online to compare us against. They are an industry
standard benchmark.
View
Current WMA Asset Allocation
