Over the past 12 months we have been working with Rathbones (Investec Wealth) to improve the portfolios that we manage. I am really pleased that we have been able to work with Rathbones and deliver these updates as I am sure they will help to deliver improved and more consistent performance over the coming years.
To help explain the changes I was persuaded to hold an interview with David Coombs and Andrea Young who manage the portfolios on your behalf. We have split this into two parts to make it more watchable. The first part will explain the reasons for the change and what you will see when you log into your account.
What’s changing and why
- A Clearer view of your investments: Portfolios will move from holding a collection of external funds to owning shares in around 120 individual companies and bonds directly. This means you’ll be able to see exactly which businesses you’re invested in — household names like Coca-Cola, Microsoft, and Apple — rather than just the name of a fund.
- More control, less cost: By managing the investment process in-house, Rathbones can respond more quickly to market events and ensure every decision reflects their outlook. This also removes an extra layer of fees, enabling us to reduce the overall cost to you by 0.20% per annum.
- Built for the long-term: The portfolios will also follow Rathbones’ “LED” approach (Liquidity, Equity-type risk, Diversifiers), helping to balance growth with stability in line with your risk profile and time horizon.
These changes are designed to bring greater transparency, stronger risk control and with the reduction in costs, improved long-term results.
Gerry
If you’d like to hear more, you can watch the interview with David and Andrea here: