2. • Introduction to Partners Wealth Management
• Our Service Overview
• Your Lifetime Wealth Model
• PWM Tax Optimisation Strategy
• PWM Unique Investment Strategy
• Asset Risk Consultants (ARC)
• Fusion Wealth Models
• Blending Managers and Investment Styles
• Your Private Office Hub
• Consistent Service Experience
• Contact Details
• Important Information
Contents
3. • Founded in 2004
• Privately owned and fully “Independent”
• Provide advice to Professionals, Executives, Entrepreneurs and Wealthy
Individuals.
• Appointed by the partners of Big Four accountancy practices and
Magic Circle law firms.
• Highly experienced and well resourced advisor teams
• Top 25 ePrivate Client ‘Financial Planning’ and ‘Most Admired’ company
• Modern technology – planning, modelling, client portal
• Holistic - addressing all your financial needs
Partners Wealth Management
Partners Wealth Management has been awarded for six consecutive years (2010 – 2015) Top 25 Financial Planning Company (previously
Independent Financial Adviser) status and for two consecutive years (2014 – 2015) Top 25 Most Admired UK Companies status by the
Wealthnet/Private Client Practitioner.
4. • Financial Planning – Your Lifetime Wealth Model
• Cash Flow and Asset Modelling
• Objectives Based
• Facts not guesswork
• Efficiency – PWM Tax Optimisation Strategy
• Minimise personal taxation
• Maximise use of allowances
• Non-contentious tax structuring
• True Independence – PWM Unique Investment Strategy
• Strategic asset allocation and investment advice
• Asset Risk Consultants (ARC)
• Scientific Risk Analysis – Oxford Risk Tolerance
• Your Private Office Hub
• Hub for all your financial needs
• Consistent Service Experience
Our Service
5. Your Lifetime Wealth Model
Planning Services
• Cash Flow Projection – help clarify what you need to/can afford to save in
order to meet your goals (such as retirement date or post tax income).
• Pensions Review – With ongoing reductions in allowances, higher earners
need to review their plans to ensure optimisation.
• Retirement Planning – Pensions alone are potentially not enough to cover
all your retirement needs and so a broader plan is required in order to
secure a £100,000 retirement income at less than 10% tax.
• Estate Planning – By projecting the future value of your estate you can see
what you should be considering in order to efficiently pass wealth onto
future generations.
• ‘What If’ scenarios – We can model almost any scenario so that you can test
the robustness of your plan or visualise how small changes today can make
large difference in future.
Over your career you will likely accumulate numerous pensions, NISAs and other assets all with good reason but perhaps
without a succinct plan holding everything together. By formalising and structuring your financial plan you gain clarity on
where you are and where you are heading.
This enables you to make financial decisions based on Fact rather than Guesswork.
6. Your Lifetime Wealth Model – Visual Confirmation
• What-If Scenarios can be used to test the output of
implementing financial planning advice and so
compare verses other scenarios.
• You can clearly see where value is added from
planning or review the effect of changing your plan
to consider events such as taking Early Retirement.
• With your current circumstances understood and
your plan modelled, you can clearly see how you will
meet your obligations and objectives throughout
your lifetime (and beyond).
• Combining the factual calculations based on current
tax treatment and your agreed assumptions,
generates detailed outputs and clear graphics of how
your wealth will accumulate/drawdown over time.
Before
After
7. Your Lifetime Wealth Model – Detailed Input
• Your Lifetime Wealth Model is yours and is built using
your personal objectives, timeline and assumptions. You
can choose to bespoke any aspect of the plan or
assumptions such as: expenditure, income, inflation,
market returns, etc.
• You can make it as detail focused as you wish or keep to
high level outcomes and let us worry about the
specifics.
• At any point you can drill down to the hard numbers
behind the visual graphics and so view your Personal
Balance Sheet, Income/Expenses, or potential Legacy –
including Inheritance Tax considerations.
• This can be useful to highlight if there is a need for
additional planning or protection.
8. PWM Tax Optimisation Strategy
Your financial plan is implemented using the PWM Tax Optimisation Strategy to ensure that you benefit from
efficiencies both now and in the future. Only by combining the two aspects can you be sure that the action you are
taking today is working towards achieving your long term goals in the most efficient way.
Considerations Include:
• Pensions
• NISAs
• CGT Managed Portfolios
• Investment Bonds
• VCT/EIS
• Trusts/Offshore Structures
• Gift Allowances
• Inheritance Planning
9. • We engage independent analysis, research and due diligence of fund managers and discretionary investment managers
on an ongoing basis. This enables us to advise on which top performing managers are best suited to delivering your
investment strategy or will blend together to enhance investment implementation.
• Being 100% independent we continue to monitor selected managers against their objectives and their peers. If there is
cause or opportunity to consider changing managers, we will not hesitate to discuss the options and our advice.
• Cutting edge technology enables us to pull collate and blend multiple investment managers and structures, so you can
easily track your holistic position through our single online portal. This helps you to achieve greater diversification,
reduce manager risk, and drive down administration and overall cost of investment.
• Through our manager due diligence we can advise on providers of specialist mandates or investment products as part of
your overall investment strategy.
Independent Strategic Investment Advice
Alongside Your Lifetime Wealth Model and Tax Optimisation Strategy we provide independent advice around
strategic asset allocation, investment strategy and investment manager selection.
• Bespoke Mandates
• Low TER Passive/Tracker Portfolios
• Structured Products
• Offshore Mandates for Resident Non-Domiciles
• Direct Securities
• Aim portfolios (IHT)
• VCT/EIS investments
• Tier 1 Investor Visa Portfolios
10. Our belief is that no single investment manager or style will consistently outperform in all market conditions. We use independent
analysis to determine where a particular manager outperforms their peers and then blend managers with varying styles in order
to diversify client’s manager/style risk.
Our independent positioning and ongoing monitoring means that clients are getting an unbiased opinion on how their selected
investment managers are performing both in terms of their individual objectives but also against their peers.
Working with Asset Risk Consultants (ARC)
• In order to support our leading independent advice to our clients, PWM works with Asset Risk Consultants (ARC) to
independently assess and recommend private client discretionary investment managers (PCDM).
• ARC was appointed based on its independent research capability, its vast experience of the PCDM universe, and its unique
peer group analysis which is compiled from real portfolio data contributed by a broad spectrum of leading Private Banks and
Investment Managers.
• ARC is an independent, privately owned consulting practice formed in 1995 to provide research to Family Offices, Trustees,
Charities and Wealth Managers.
• The investment managers recommended have been distilled from over 180 firms originally available for consideration and
formulated into a preferred manager matrix to highlight areas of expertise.
• This resulting matrix is compiled by ARC based on an agreed and is reviewed and updated on a quarterly basis. There are
currently 16 core preferred managers offering differing expertise and investment styles.
Discretionary Investment Manager Analysis
11. Risk: An assessment of the quality and rigour of each manager’s internal risk
control processes based both on written due diligence and on-site visits.
Return: Risk-adjusted returns are analysed in absolute terms, versus benchmark
and against peer group. Consistency of performance and approach is also
measured.
Realism: A test is undertaken as to whether the performance claimed by a
manager is a fair indication of the typical private client experience. In addition, the
sustainability of historical performance is considered in the light of investment
philosophy and process.
Reporting: Investment manager communication with their clients should be
timely, transparent, and accurate. This factor considers the quality of periodic
reporting, alongside other investment manager communication.
Reputation: Each investment manager’s commitment to private client
discretionary investment management is assessed, alongside the stability of the
institution and its client base.
ARC - Methodology
ARC’s ranking methodology of potential managers is based on seven factors: risk; return; realism; reporting; reputation; remuneration; and
resources. Weightings for each factor can be amended to reflect ARC’s, or clients’, views of their relative value.
Remuneration: The comparative level and transparency of fees is considered,
including the degree to which manager incentives are aligned with the interests of
their clients.
Resources: People are the main resource available to investment managers and this
factor considers the quality, experience and stability of the investment
professionals involved in management of discretionary portfolios and client
relationships.
PWM requested
enhanced weighting to
the actual Risk and
Return experienced by
invested clients.
12. As significant amount of a portfolios long term investment return is related to the amount of Risk taken and the Asset Allocation. We therefore also
offer clients access to core Model portfolios, that have the Asset Allocation constructed based on Risk parameters.
These portfolios (Tracker, Multi-Manager, or Ethical) are based on Modern Portfolio Theory and have benchmark asset allocations that relate to
the 1-10 risk ratings from the Oxford Risk Tolerance questionnaire, which maps an individuals Risk/Return tolerances. They are implemented using
long only sector funds or index tracker funds to replicate the asset allocation model.
The Tracker Portfolios are constructed and monitored to track the model asset allocation as close a possible, with the objective to keep costs as low
as possible. The intention when constructing the Multi-Manager portfolios is to put together a range of funds that complement each other,
providing portfolios that match the asset allocation and risk parameters indicated in the FW research documents.
The Investment Committee has a number of roles including monitoring of various portfolios and strategic asset allocation models, of various third
parties such as Towers Watson, Lipper, OBSR, Distribution Technology (DT), AKG, Margetts, Morningstar and other service providers and networks in
order to provide Best of Breed and complete market choice.
Fusion Wealth Model Portfolios
The Independent Investment Adviser (Rayner Spencer Mills - RSM) is responsible for providing much of fund information for
the Multi-Manager portfolios and for the quarterly monitoring and rebalancing of the portfolios. Funds are reviewed on a
rolling three monthly basis with key risk and return metrics evaluated as well as a range of qualitative issues. Funds are added
or removed based on a set of defined criteria including performance and risk together with a detailed qualitative overlay. The
outcomes of the regular reviews will form part of the reporting to the investment committee with any issues on the funds
reviewed being raised and debated at the investment committee.
13. Oxford Risk Tolerance & Consistent Risk Monitoring
The Oxford Risk Questionnaire is designed
to asses ones tolerance towards Risk and so
map their answers to an appropriate
Risk/Asset Allocation. This forms the basis
of a more detailed advisor discussion in
order to match Risk Tolerance with the
Client Objectives.
14. Your Personal Online Portal
Our online client portal brings all assets together for
the client, regardless of whether under our
advice/control, directly invested with one a bespoke
investment manager, or personally administered
outside of our care.
As a fully independent advisory practice we do not limit or
restrict the how your assets are held or managed. PWM has put
significant resource into fine tuning our structure and systems so
that our clients have access to the best and most suitable
proposition for them all in one place.
Regardless of the number of structures or separate
investment managers or asset types, we are able to pull
together you full financial position to provide a consolidate
holistic view.
15. Whilst clients generally feel
that they have to
compromise in their
selection of bank or
advisor, the PWM solution
offers the best of all worlds:
• Independence
• Quality Investment
Management
• Holistic
• Low Hassle
Your Personal Online Portal
17. Holistic Wealth Management - Your Private Office Hub
Our aim is to provide a best of breed solution in any aspect of your financial life. Through our Private Office we
provide the expertise internally or we source the relevant input from one of our established network of partners.
PWM and strategic partners can assist with:
• Financial Planning
• Tax Optimisation
• Asset Allocation
• Investment Manager Selection
• Investment Structuring
• Cash Deposits (Including FSCS Optimised)
• Foreign Exchange
• Pension Advice
• Mortgages
• Property Services
• General Insurance
• Health and Life Cover
• Income Protection
• Legal or Accountancy Services
• Wills and Estate Planning
18. Referral
First Meeting
Understand your future plans
and current position
Research
Second meeting
Present personalised solution
and Lifetime Wealth
Projection
Implementation
of solution
Formal Annual Strategy
Meeting
Budget and Pre
budget reports
Constant review of
progress towards goals
Your Consistent Service Experience
19. Our team is highly experienced and well resourced to offer you a very personalised and
responsive service. As well has having a personal advisor you will also have access to our
knowledgeable support staff, many of who are also committed to attaining professional
qualifications.
Our commitment :
• To do what we say and more
• To deliver a consistent service year in year out behind the scenes and front of house
• Regular reviews and valuations
• Budget and pre-budget report
• Unrestricted access to your PWM Adviser and support team
• Access to a full range of services through Your Private Office Hub
Your Consistent Service Experience
20. Contact Details – Nathan Prior, Chartered MCSI
Direct: 0207 444 4053
Office: 0207 444 4030
Fax: 0207 444 4031
Email: nprior@pwmllp.co.uk
Address: 16 Old Bailey, London, EC4M 7EG
Google Map
Web: www.partnerswealthmanagement.co.uk
You can find further information about PWM Partners and Advisors at:
www.partnerswealthmanagement.co.uk/the-team/
Before joining PWM in 2015, Nathan worked at Merrill Lynch and the Julius Baer advising UK resident
and international families on their investment and financial requirements. Nathan holds qualifications
for both investment management and financial planning enabling him to act as the central hub in
advising on clients holistic requirements.
21. • This communication represents current views and is intended as information only. It is not personal
advice or recommendation and should not be taken as such.
• Partners Wealth Management LLP is an independent wealth management group and is not owned
by or tied to any organisation.
• This presentation should be read alongside our full Service Proposition and Client Terms &
Conditions, copies of which will be provided at our initial meeting. These will need to be signed prior
to our implementing any recommendations.
• This report does not replace a personalised suitability letter which will be provided before or within
10 days of your implementing any advice from Partners Wealth Management LLP.
IMPORTANT INFORMATION
