Cost Effective Model Portfolios
We recognise that intensive fund research is probably the weakest area for many IFAs and Discretionary Managers. Doing this effectively requires a number of face to face discussions and a great deal of analysis of the funds’ assets and trading histories. This takes a large amount of resource and is simply not practical in many cases.
We have therefore engaged Square Mile Investment Consulting & Research Limited (Square Mile) to do this underlying research on our behalf. The advantage of this is that we can access Independent, in depth, qualitative research, whilst still being in full control how our models are constructed and maintained.
Whilst our investment philosophy is based on a buy and hold indexed based strategy, the analysts we have engaged do believe tactical tilts to the asset allocation and the use of active funds in some sectors can add value. Whilst this might seem a contradiction we believe it will be very useful in constantly challenging our core belief and making us question whether the conditions in the market justify some adjustment.
The firm was established in 2013 when a number of individuals came together from various companies within the fund management sector.
Square Mile is in the fortunate position of regularly coming into contact with some of the industry’s foremost investment professionals. They undertake many hundreds of meetings each year with a wide range of the top investment managers in this and other countries. Through their regular cycle of meetings, they begin to build relationships with the managers, and as the trust develops they become more candid in sharing their market views with Square Mile. In addition to meeting with fund managers, Square Mile also have regular consultations with prominent economists, strategists and investment specialists. These meetings allow their team to develop both broad and more focused insights into what is occurring within economies, markets and regions. These factors help their analyst team to keep abreast of events outside of their respective specialist fields.
The firm has 11 in its investment department, including the Portfolio Management Team. All 11 provide research and/or support to the 2 dedicated investment managers. All the investment managers are required to hold an appropriate investment management qualification.
It is very useful for GWM Asset Management to be able to access this research and analysis when creating, monitoring and maintaining our own model portfolios.
The key individuals are:
Jason Broomer, Head of Investment
Jason is responsible for our managed portfolio service as well as contributing to and supporting our research capability. He is a member of the Executive Management Team which provides input into the strategy and direction of the business. Jason commenced his financial services career in 1995 at Bentley Reid. He has extensive experience in fund research and running portfolios for private clients. Between 2008 and 2013 Jason worked at Butterfield Private Bank, heading up the London based fund research team and he was a senior member of the Asset Allocation Committee. Jason holds the ASIP qualification and he is an Associate of the CFA Society of the UK.
Victoria Hasler, Head of Research
Victoria became Head of Research in December 2014 after joining Square Mile as Senior Investment Research Analyst. She is a member of the Executive Management Team which provides input into the strategic direction of the business. Victoria is responsible for managing and developing the research team, in addition to focusing on fixed income fund research and looking after clients. Before joining Square Mile Victoria worked for Brewin Dolphin as a fund analyst. Prior to this Victoria was a Fixed Income Investment Manager at Rothschild Private Bank and a Fixed Income Analyst at Merrill Lynch. Victoria holds a BA (Hons) in Economics with French from the University of Durham. She holds the Investment Management Certificate and in addition is a CFA and CAIA charterholder.