Warwick Butchart Associates Ltd is an independent financial planning and investment advisory firm based in Cheltenham, UK. It has a small team of specialized advisers who provide personalized services to both individual and institutional clients in the UK and overseas. The firm focuses on asset allocation and risk management through a diversified portfolio of collective investment funds. It takes a disciplined and research-driven approach to fund selection across different asset classes and management styles.

1. WARWICK BUTCHART ASSOCIATESInvestment MattersDavid IthierWarwick Butchart Associates LtdAuthorised and Regulated by the Financial Services Authority

2. WARWICK BUTCHART ASSOCIATESWarwick Butchart Associates LtdTruly independent, totally professional, specialist investment and financial planning advisers.

3. A small private company, well known and highly regarded.

4. Clients include private individuals, pension funds, companies, trusts and charities.

5. We are Authorised and Regulated by the Financial Services AuthorityWARWICK BUTCHART ASSOCIATESWarwick Butchart Associates LtdBased in Cheltenham – with clients all over the UK and overseas.

6. Experienced small team of advisers, each with a specialised knowledge.

7. Work together as a team to provide a truly personal service to our clients.WARWICK BUTCHART ASSOCIATESTestimonials from clientsHas delivered a caring and professional service and investment performance to clients.

8. Some of our many testimonials from clients are published on our websiteWARWICK BUTCHART ASSOCIATESClient RecommendationsMost of our new clients are recommended to us by existing clients or by other professional advisers.We believe that this is a testimony to our professionalism and our dedication to providing a high quality service

9. WARWICK BUTCHART ASSOCIATESProven Communication SkillsWe meet and speak with clients regularly.

10. Our personal service provides clients with a person and a team to deal with – rather than a large bureaucratic organisation.

11. We offer a consistency and continuity of contact and service.WARWICK BUTCHART ASSOCIATESOur Investment PhilosophyInvestment management is about looking after clients - not just managing money.

12. Our clients are people - not numbers.WARWICK BUTCHART ASSOCIATESOur Investment ApproachWe take a straightforward and disciplined approach to investment.We agree an investment policy, asset allocation, and risk profile with our clients.We build a diversified investment portfolio to create opportunities and spread risk

13. WARWICK BUTCHART ASSOCIATESOur Investment ApproachWe specialise in collective investment funds to provide diversification, spread risk and keep running costs low.We do not invest directly in shares or bonds.We provide advice to clients - and do not act on a discretionary basis without their knowledge.

14. WARWICK BUTCHART ASSOCIATESOur Investment ApproachWe select a wide range of different fundsThere are around 3000 funds and 1400 managers to choose from.We look for an investment culture and a record that stands up to quantitative and qualitative appraisal.

15. WARWICK BUTCHART ASSOCIATESOur Investment ApproachWe undertake comprehensive quantitative financial performance analysis.We do considerable qualitative research - dozens of meetings each year with UK and international investment fund managers, strategists, analysts, and economists.We undertake frequent reviews.

16. WARWICK BUTCHART ASSOCIATESA spread of different asset classes - UK and International - can provide diversification, lower volatility and reduce correlation and risk.Equities – Large Cap’ - Mid Cap’ - Small Cap’.Gilts, Corporate Bonds, High Yield Bonds.Various management styles - Value, Growth, Thematic, Focus, Flexible.Our Investment Approach

17. WARWICK BUTCHART ASSOCIATESOur Investment ApproachWe use a wide range of different funds because:No single investment company or group has been able to consistently demonstrate outperformance over the full range of asset classes and sectors.There are many different strategies, styles, biases and distortions - and economists and fund managers rarely concur with each other.

18. WARWICK BUTCHART ASSOCIATES4540353025% Outperformance by Individual Event Champion20151050110m HurdlesLong JumpPoleVault High Jump 100mShot Put400mDiscusJavelinEvent1500mOlympic Champion9.87s8.55m21.29m2.35m43.84s13.00s69.30m5.90m90.17m3’32.07''49.55mDecathlete Champion10.48s7.77m15.91m2.21m46.41s13.87s5.10m67.03m4’17.87''Our Investment Approach Specialists achieve better resultsSource: Sydney 2000

19. WARWICK BUTCHART ASSOCIATESHM Treasury Consultation Paper on the “Sandler Proposals” Feb. 2003Asset allocation is generally agreed to be the most critical element in determining long-run investment performance. The primary means of limiting risk should therefore be to set appropriate diversification regulations for asset allocation.In practice, this means setting a maximum level of equity exposure.