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:
- The Speirs & Jeffrey eight set for bumper Rathbones payday
- FCA Mifid probe should address research 'conflicts'
- The existential crisis facing wealth managers 1
- Why Speirs & Jeffrey was forced to sell to Rathbones
- Richard Colwell: fund management is a funny old game
- Wealth boom: where DFMs must improve by 2021
- Is meeting the fund manager a must? 4
FTSE falls as oil decline offsets infrastructure rally
A £1.4 billion bid approach for John Laing Infrastructure provides excitement while Hargeaves Lansdown slides after City watchdog proposes ways to give investors more value for money.
BNY Mellon Investment ManagementA healthier future? How current spending patterns could point the way
- The US economy can steamroll a whole lot more bad news
- 50 Economics Classics: Das Capital 1
- Hedgie robo targets institutional and private client cash
- Mandatory equity lock-ups to tackle executive rewards for failure
- Monday Papers: US rejects Europe’s plea for relief from Iran sanctions
- Asia stocks decline as investors await China data
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.
CEO Tapes: Buxton to Gilbert - ‘my Glencore quandary’
Do not miss the first two minutes of this film as Richard Buxton shares how he has been challenged by a client for owning shares in a certain company.
Profile: why this Brewin manager went solo before hitting 30
More and more wealth managers are striking out alone, but few have the bottle to attempt this in their 20s
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
The Dee and the Dolphin: catching up with Brewin Dolphin in Aberdeen
Pub Club: With Tcam's Mark Little at De Hems (sort of)
MPS Investment Committee: Jordan Sriharan, Thomas Miller Investment
Office Spotlight: WHIreland International Wealth, Isle of Man
World Cup 2018
MPS Investment Committee: Tom Becket, Psigma Investment Management
Office Spotlight: Brown Shipley, Edinburgh
Anything but standard - island life with Standard Bank Jersey