Years in Winchester: 50+
Group assets under management: £1.8 bn
Number in team: 30
Average portfolio size: £350k
Top three fund picks:
JP Morgan Japan
Henderson Global Technology
Aspect Diversified Trends
Q&A with Tim Bolton Carter, senior regional director (pictured) and Will Kendall, regional director, Rathbones, Winchester:
What is your typical client demographic?
Our clients are busy professionals, entrepreneurs, families, people in retirement and those just starting out in life. We also manage investments for charities, large and small.
What differentiates your region?
Winchester has lots of different market sectors and types of client, many of whom come to us via financial advisers or other professional intermediaries, such as solicitors and accountants. We also have a number of charity clients.
What challenges are facing your area?
Our relatively close proximity to London means we are often competing with London-based firms for local business. However, having a presence on the ground in Winchester is a key advantage for many of our clients. The local presence is also a huge benefit to employees, many of whom have worked in London but value the work/life benefits of being based closer to home.
What’s the best thing about living in your area?
Winchester has an ancient history, with links to the Romans, Alfred the Great, Jane Austen and John Keats, among others. We have one of the most iconic cathedrals in England and Winchester is regularly voted one of the best places to live in the UK. We are lucky to be near the coast, beaches and the beautiful Hampshire countryside of the South Downs National Park and New Forest. The city also has great transport links to London and the South West.
Are you bullish or bearish?
It is important to remember that global growth is still strong and inflation is still low. Across the G7, unemployment, personal income and industrial production are all still accelerating away from the trend, which means we are still in the expansion phase of the business cycle.
Although markets experienced a correction in February, it was heartening to see that risk appetite within equity markets has not disappeared.
While other economic growth indicators have been robust, some indicators of financial conditions have been sending a different signal – not outright bearish, but definitely rather less bullish. We are likely to continue to see volatility in the markets in the short term.