Date office opened: 2013
Number in team: 3
Assets under management:
£105 million AUM for the Birmingham office
Average portfolio size: £600k
Top three fund picks:
Semper MBS Total Return
Macquarie Asian All Stars
RWC Nissay Japan
Q&A with Toby Carpenter, investment director, Psigma Investment Management, Birmingham (pictured below)
What is your typical client demographic?
We tailor our investment solutions around a client’s needs and risk profile. We predominantly work with individuals who have retired, or are approaching retirement, and want capital preservation.
We also work with professionals and/or business owners whose investment objectives focus more on generating a real return above inflation over the long term.
What differentiates your region?
The West Midlands is posting strong growth at the moment and attracting massive inward investment opportunities from China and Asia, capitalising on Birmingham’s growing reputation in Asian markets.
The region has become one of the UK’s leading financial services hubs, with major firms such as HSBC relocating or expanding here to capitalise on the region’s talented workforce, connectivity and welcoming business environment.
The arrival of the HS2 high-speed train is also set to boost the local economy, so it’s definitely a region that is on the up. Hopefully Channel 4 will move here too.
What challenges does your area face?
While there is plenty of opportunity in the region, it retains a perpetually poor image when compared to the South East. The West Midlands therefore struggles to attract talent, certainly in our industry.
What’s the best thing about living in your area?
The location! Birmingham remains the number one entrepreneurial city outside London. You can service clients across a very broad region from one central hub.
Birmingham is an excellent place to live and work, as you are close to everything but within 10-15 minutes you can be in the middle of the countryside. The area is rapidly changing and development continues at a great pace.
The region also has an excellent reputation as a foodie destination, with recent openings, like the Ivy and Gaucho, demonstrating how far Birmingham has come in recent years.
What is a typical saying in your region?
There are plenty to choose from. ‘That’s bostin’ is a well-known Birmingham expression meaning amazing, brilliant or excellent.
What is your office motto?
Inflation is the enemy.
Are you bullish or bearish?
Asset allocation of a balanced portfolio:
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- 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
- Erdogan seeks relief in prosecutions rather than sound policy
LGIM poaches Jupiter retail sales boss James Crossley
Crossley has been appointed head of Legal & General Investment Management's UK retail sales division.
- Overnight Markets: Wall Street gains as Turkish-crisis jitters ease
- The 10 most profitable sectors in the UK 1
- Tuesday Papers: Musk to take Tesla private with Saudi Money
- Overnight Markets: Turkey's plunging lira drags down Wall Street
- Musk touts Saudi backing for $72bn Tesla buyout 1
- Tour de Office: a spotlight on 10 UK wealth branches
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