Year current office opened: 1998
Number of staff: 14
Number of clients: 1400
Assets under management: £1bn
Average portfolio size: £750k-2m
Top three fund picks:
- Aberforth Smaller Companies
- Fidelity Global Dividend
- Witan Investment Trust
Q& A with Jason Butler, chief investment oficer at NW Brown, Cambridge (pictured below):
What is your typical client demographic?
As is the case with most wealth managers, our client base is tilted towards an older demographic – people who are nearing retirement or have already done so. Cambridge is a cosmopolitan and vibrant city, which is reflected through our client base. Our clients come from a broad variety of backgrounds, from academics, medics, lawyers and accountants, through to tech and biotech entrepreneurs.
What challenges are facing your local area?
The infrastructure within the city is under immense strain. The rapid growth has not wedded well with the city’s medieval street plan, thus making driving round the city at peak times somewhat frustrating. Bicycles are the transport of choice for most. However, this shift to a more environmentally friendly form of transport is not without its risks.
Bullish or bearish?
We are long-term investors and consequently have a strong preference for equities – where a client’s circumstances permit. In this sense we are bullish. Despite the odd hiccup, our firm belief is that global growth will continue to be dragged upwards over the long term through rising populations, continuing innovation and productivity improvements. In turn, equities are the ultimate beneficiary of this growth. In the short term, we can only be sure of one thing – markets will continue to be volatile!
What differentiates your region?
The university has historically defined Cambridge. The embedded nature of the university throughout the city and the connections that it has forged with the community and business has positioned Cambridge as one of the fastest growing cities within the UK. With global companies such as AstraZeneca and ARM being headquartered in the city, together with significant regional offices for a number of global tech and biotech firms, the region has earned the title of The Silicon Fen.
What is the best thing about living in your region?
The beauty and history of the city coupled with the ability to get out into the countryside and broad open vistas of East Anglia.