2009 Investment Matters


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2009 Investment Matters

  1. 1. WARWICK BUTCHART ASSOCIATES<br />Investment Matters<br />David Ithier<br />Warwick Butchart Associates Ltd<br />Authorised and Regulated by the Financial Services Authority<br />
  2. 2. WARWICK BUTCHART ASSOCIATES<br />Warwick Butchart Associates Ltd<br /><ul><li>Truly independent, totally professional, specialist investment and financial planning advisers.
  3. 3. A small private company, well known and highly regarded.
  4. 4. Clients include private individuals, pension funds, companies, trusts and charities.
  5. 5. We are Authorised and Regulated by the Financial Services Authority</li></li></ul><li>WARWICK BUTCHART ASSOCIATES<br />Warwick Butchart Associates Ltd<br /><ul><li>Based in Cheltenham – with clients all over the UK and overseas.
  6. 6. Experienced small team of advisers, each with a specialised knowledge.
  7. 7. Work together as a team to provide a truly personal service to our clients.</li></li></ul><li>WARWICK BUTCHART ASSOCIATES<br />Testimonials from clients<br /><ul><li>Has delivered a caring and professional service and investment performance to clients.
  8. 8. Some of our many testimonials from clients are published on our website</li></li></ul><li>WARWICK BUTCHART ASSOCIATES<br />Client Recommendations<br />Most of our new clients are recommended to us by existing clients or by other professional advisers.<br />We believe that this is a testimony to our professionalism and our dedication to providing a high quality service<br />
  9. 9. WARWICK BUTCHART ASSOCIATES<br />Proven Communication Skills<br /><ul><li>We meet and speak with clients regularly.
  10. 10. Our personal service provides clients with a person and a team to deal with – rather than a large bureaucratic organisation.
  11. 11. We offer a consistency and continuity of contact and service.</li></li></ul><li>WARWICK BUTCHART ASSOCIATES<br />Our Investment Philosophy<br /><ul><li>Investment management is about looking after clients - not just managing money.
  12. 12. Our clients are people - not numbers.</li></li></ul><li>WARWICK BUTCHART ASSOCIATES<br />Our Investment Approach<br />We take a straightforward and disciplined approach to investment.<br />We agree an investment policy, asset allocation, and risk profile with our clients.<br />We build a diversified investment portfolio to create opportunities and spread risk<br />
  13. 13. WARWICK BUTCHART ASSOCIATES<br />Our Investment Approach<br />We specialise in collective investment funds to provide diversification, spread risk and keep running costs low.<br />We do not invest directly in shares or bonds.<br />We provide advice to clients - and do not act on a discretionary basis without their knowledge.<br />
  14. 14. WARWICK BUTCHART ASSOCIATES<br />Our Investment Approach<br />We select a wide range of different funds<br />There are around 3000 funds and 1400 managers to choose from.<br />We look for an investment culture and a record that stands up to quantitative and qualitative appraisal.<br />
  15. 15. WARWICK BUTCHART ASSOCIATES<br />Our Investment Approach<br />We undertake comprehensive quantitative financial performance analysis.<br />We do considerable qualitative research - dozens of meetings each year with UK and international investment fund managers, strategists, analysts, and economists.<br />We undertake frequent reviews.<br />
  16. 16. WARWICK BUTCHART ASSOCIATES<br />A spread of different asset classes - UK and International - can provide diversification, lower volatility and reduce correlation and risk.<br />Equities – Large Cap’ - Mid Cap’ - Small Cap’.<br />Gilts, Corporate Bonds, High Yield Bonds.<br />Various management styles - Value, Growth, Thematic, Focus, Flexible.<br />Our Investment Approach<br />
  17. 17. WARWICK BUTCHART ASSOCIATES<br />Our Investment Approach<br />We use a wide range of different funds because:<br />No single investment company or group has been able to consistently demonstrate outperformance over the full range of asset classes and sectors.<br />There are many different strategies, styles, biases and distortions - and economists and fund managers rarely concur with each other.<br />
  18. 18. WARWICK BUTCHART ASSOCIATES<br />45<br />40<br />35<br />30<br />25<br />% Outperformance by Individual Event Champion<br />20<br />15<br />10<br />5<br />0<br />110m Hurdles<br />Long Jump<br />PoleVault <br />High Jump <br />100m<br />Shot Put<br />400m<br />Discus<br />Javelin<br />Event<br />1500m<br />Olympic Champion<br />9.87s<br />8.55m<br />21.29m<br />2.35m<br />43.84s<br />13.00s<br />69.30m<br />5.90m<br />90.17m<br />3’32.07&apos;&apos;<br />49.55m<br />Decathlete Champion<br />10.48s<br />7.77m<br />15.91m<br />2.21m<br />46.41s<br />13.87s<br />5.10m<br />67.03m<br />4’17.87&apos;&apos;<br />Our Investment Approach Specialists achieve better results<br />Source: Sydney 2000<br />
  19. 19. WARWICK BUTCHART ASSOCIATES<br />HM Treasury Consultation Paper on the “Sandler Proposals” Feb. 2003<br />Asset allocation is generally agreed to be the most critical element in determining long-run investment performance. <br />The primary means of limiting risk should therefore be to set appropriate diversification regulations for asset allocation.<br />In practice, this means setting a maximum level of equity exposure. <br />
  20. 20. WARWICK BUTCHART ASSOCIATES<br />Our Investment Approach<br />- Using funds from many investment companies<br />
  21. 21. WARWICK BUTCHART ASSOCIATES<br />Reward<br />Equities<br />Property<br />High Yield<br />Bonds<br />Risk<br />Investment asset allocation<br />
  22. 22. WARWICK BUTCHART ASSOCIATES<br />Warwick Butchart Associates<br />Truly independent, totally professional.<br />Specialist investment and financial planning advisers.<br />Tel: 01242 584144<br />www.warwickbutchart.co.uk<br />
  23. 23. WARWICK BUTCHART ASSOCIATES<br />Regulation<br />Warwick Butchart Associates Ltd is authorised and regulated by the Financial Services Authority.<br />The value of shares or units in unitised products - and the income from them - may fall as well as rise, and investors may not get back the amount originally invested, particularly if investments are encashed in the early years. Changes in rates of currency exchange may have an adverse effect on the value or price of any investments denominated in or exposed to a foreign currency. Unlike a building society account, capital invested in such products is not guaranteed. Past performance is not necessarily a guide to future performance. Levels and bases of, and relief from, taxation are subject to change, and the value of any tax benefits will depend on the individual circumstances of the investor. We have expressed our own views and opinions in this presentation, which is based on our current understanding of current legislation and Inland Revenue practice, which may be subject to change. <br />Please note that the Financial Services Authority does not regulate National Savings products, Buildings Society Savings and Deposit Accounts.<br />Further information can be obtained from us. Information provided is not a recommendation to purchase, or advice on the merits of purchasing any particular investment, and should not be relied on as such. Information provided is derived from sources believed to be reliable, but no responsibility for its completeness or accuracy is accepted.<br />