In London for: 7 years
Average portfolio size: £125,000
Number in team: 14
Office clients: 2,000+
Group assets under management: £250 million
Are you bullish or bearish? Prudently optimistic
Top three fund picks:
- BlackRock European Dynamic fund
- Hermes Global Emerging Markets fund
- Schroder Recovery fund
Q&A with Lester Petch, CEO, TAM Asset Management, London:
What is your typical client demographic?
We do not have a typical demographic, owing to our mission to provide every type of investor with professional investment management.
We seek to serve a broad market with our accessible, diversified range of investment options and solutions.
What differentiates your location?
It has to be the cosmopolitanism. There is nowhere in the world quite like London town!
What challenges are facing your area?
Operating in the City – London’s financial hub – as a boutique investment manager brings great opportunities; but with great opportunity brings greater competition.
What’s the best thing about living in your area?
Where to start? London is one of the most historical, diverse and multi-cultural capitals. We are spoilt for choice with the array of art galleries and museums, restaurants and bars, theatre productions and live music events in every London borough.
But if ever you exhaust what London has to offer (highly unlikely!) you can hop on the Eurostar and be in Paris or Brussels in less than two and a half hours!
What’s a typical regional saying?
‘Severe delays on the Northern line!’
‘Shall I call an Uber?’
What is your office motto?
Think outside the box; in a world full of sheep, be a cow!
TAM Premier Balanced Portfolio asset allocation:
- Should wealth firms consider TV advertising?
- Data protection dilemma: how to tackle Mifid II and GDPR clash
- Polar Capital's Rochussen: 'You have to be ruthless'
- RLAM's Fox: Do androids dream of electric cars?
- Is it worth using ETFs to cut model portfolio fees?
- Socially-responsible ETFs grow but education still needed
- How wealth firms spend their profits
Reality bites for fantasy fund manager as Manek shuts down
Jayesh Manek is to close his perennial underperforming fund 20 years following its launch after he won successive fantasy fund manager competitions.
CIO Tapes 2: two warnings and a lot of optimism
Our group of leading asset management CIOs see a lot of opportunities – and overseas investors are buying UK too
Wealth Manager Retreat 2017: size isn't everything
We asked our delegates at the Wealth Manager Retreat what they think about the recent wave of consolidation in the industry.
CIO Tapes - part 3: 'passive funds are anti-capitalist'
Citywire recently gathered three of the UK's leading fund investment heads to discuss their hopes, fears and the issues that their jobs throw at them daily.
Profile: Thomas Miller explains its post-restructure plans
Thomas Miller Investment’s (TMI) head of wealth Matt Phillips has strong opinions about many things
Pub Club: At the Water Poet with BMO's Kelly Prior
Office Spotlight: Brooks Macdonald, Manchester
Made in the Midlands: the growth of boutique BRI Wealth Management
Pub Club: At The Cask & Glass with PortfolioMetrix
Coutts celebrate opening of Rwanda cricket ground
Office Spotlight: Casterbridge Wealth, Salisbury
Citigold client events with a difference
Investment Committee: Gary Stockdale, Vertem Asset Management
Pub Club: at the Oast House with Investec W&I Manchester head
Office Spotlight: Brewin Dolphin, Bristol
Investment Committee: Murray Asset Management keeping the consumer confident
ESG investing set to 'snowball'
London not a threat for Thesis AM Guildford
At The Jugged Hare with Laura Hobbs, Saunderson House
Office Spotlight: Quilter Cheviot, Birmingham
Investment Committee: Thesis' Hoggarth on currency
A day in the life of...Raymond James' Mark Parello
Office Spotlight: EQ Investors, London
Investment Committee: Samantha Dovey, Ravenscroft Investment Management
Pub Club: At The Malsters Arms with Harpsden's Ian Brady
Office Spotlight: TAM Asset Management Ltd, London