Date office opened: 1992
We have traded as Investec Wealth and Investment since 2012, following the merger of the Williams de Broë business.
Number in team: 37
Top three fund picks:
Baillie Gifford Japan Trust
Fidelity Special Values Investment Trust
Q&A with Scott Jones, divisional director, Investec Wealth & Investment, Bournemouth (pictured below):
What is your typical client demographic?
We have a whole range of clients, but for the last 20 years the Bournemouth office has worked very closely with local independent financial advisers, offering discretionary investment management to their clients.
What differentiates your region?
Bournemouth and the south coast has always had a good share of quality, family run businesses, in a variety of sectors and industries. Over the past decade, in part through the expansion and development of the university, it is also rapidly developing into a centre for technology and media companies, and has a growing and vibrant, film production sector.
What challenges does your area face?
Office space at times can be an issue, as unlike a city, we do not
have a large business district. Also, we have to work hard to ensure that we retain talent. The lure of London can be an issue, although likewise, we see a number of people in their 30s and 40s coming back to settle here.
What’s the best thing about living in your area?
Bournemouth is by the sea and is warmer than the rest of the UK (sometimes)! The coastline here is stunning and as an added bonus, behind Bournemouth lies the New Forest. What more could you ask for? It also has good access into London via rail.
What is a typical saying in your region?
As Bournemouth is a relatively new town, established in the Victorian era as a holiday resort, it is a wonderful melting pot of cultures. Dorset though is traditional farming county and has some great expressions – researching this question I loved reading that ‘God almighty’s cow’, is in fact, the humble (but beautiful) ladybird.
What is your office motto?
‘Look after your clients, as you would want your own family to be looked after.’ If you set out to do this with every client, you should not go too far wrong.
Are you bullish or bearish?
Neither. We remain cautiously optimistic on the outlook for global growth, however very mindful to the negative effects a trade war between China and the US may have on global stock markets. We are watching markets closely but have not moved portfolios to a more bearish position. With any stock market weakness, we are looking to deploy free cash.
Asset allocation of a typical balanced portfolio:
- A 17-year-old's perspective on Brexit 107
- Moola sale: a confused client's perspective 7
- What sets Quilter apart from SJP, Brewin and Rathbones? 3
- The Speirs & Jeffrey eight set for bumper Rathbones payday
- The existential crisis facing wealth managers 1
- Why Speirs & Jeffrey was forced to sell to Rathbones
- Secret CEO: after week of drama, where next for Turkey?
Credit Suisse reveals seven new roles in wealth shakeup
Credit Suisse has named new market leaders in a reorganization of its International Wealth Management (IWM) division.
- Friday Papers: Trade conflict could trigger currency war
- Overnight Markets: US stocks rise on planned US-China trade talks
- A teenager's view of the 'incomprehensible' student debt problem 2
- GAM troubles: 16 key dates as a crisis unfolded
- Buxton's OMGI hires slew of analysts
- Turkey tips emerging markets into bear territory
Canada Life's CIO on why the Faangs could bite
He also speaks to his fears about the long-term effects of quantitative easing (QE).
Wealthify's Pearce: how online DFMs can build trust
In this video Cardiff-based Wealthify founder Michelle Pearce also discusses online DFM suitability failings and not being London-centric.
Citywire Scotland: how wealth managers use new tech
We caught up with a few wealth managers at our annual event in Gleneagles to find out what technological innovations they are employing across their businesses.
Profile: the continuing story of jonathanfry, minus Jonathan Fry
It had gone a bit quiet at Gale & Phillipson since its merger with multi-family office jonathanfry in 2015
On The Road Challenge: Blu Family Office serve up tennis challenge to Wealth Manager
On The Road Roundup
Pub Club: At the Phoenix with Simon-Evan Cook, Premier Asset Management
MPS Investment Committee: Alex Brandreth, Brown Shipley
A round of golf with Mary Coughlan, Redmayne Bentley
Pub Club: At the Vintry with WHIreland's Lawrence Cotton & Mark Burtenshaw
MPS Investment Committee: James Penny, TAM Asset Management
Office Spotlight: UBS Wealth Management, Edinburgh
Pub Club with Andrew Davies, LGT Vestra
On The Road Diary - Postcards from Leeds....
Office Spotlight: SG Kleinwort Hambros Bank
MPS Investment Committee: Andrew Morgan, Walker Cambria
Pub Club with James Horniman, James Hambro & Partners
Investment Trust Forum 2018
Office Spotlight: Canaccord Genuity Wealth Management, Guernsey
MPS Investment Committee: Jeremy Balfour-Melville, Malloch Melville Investment Managers
Next Generation Forum 2018
Pub Club with Andrew Rees, EQ Investors
MPS Investment Committee: Jason Day & Eric Louw, Standard Life Wealth
Office Spotlight: AJ Bell, Manchester
The key sustainable takeaways from WHEB AM's annual conference