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: