DISCRETIONARY INVESTMENT MANAGEMENT
Our discretionary investment management service enables Wealth and Legacy™ Group to construct, implement and manage an investment portfolio on your behalf, within an agreed mandate. This allows investment decisions to be made without seeking separate approval for every transaction.
The portfolio is informed by your objectives, risk profile, investment horizon, liquidity requirements and broader financial circumstances. Discretionary management is considered where it is appropriate to your needs and agreed scope of engagement.
Our investment approach
A disciplined investment process informed by fundamental and quantitative analysis, with portfolio decisions assessed in the context of each client’s requirements.
Research and selection
We assess investment fundamentals, valuations and relevant quantitative measures before considering securities, funds or other suitable instruments.
Portfolio construction
Asset allocation and diversification are considered alongside return objectives, risk capacity, investment horizons and portfolio constraints.
Risk and cost awareness
We consider market exposures, concentration, liquidity, transaction costs and other material risks when constructing and adjusting portfolios.
Ongoing oversight
Portfolios are monitored and reviewed within the mandate, with changes considered as markets and client circumstances evolve.
How discretionary management works
1. Understand your requirements
We assess your circumstances, investment objectives, capacity for loss and willingness to take risk.
2. Agree the mandate
The proposed investment strategy, parameters, restrictions and responsibilities are recorded and agreed before discretionary management begins.
3. Construct and manage
Investments are selected, implemented and adjusted within the agreed mandate using the applicable investment arrangements.
4. Review and communicate
We review portfolio positioning and suitability as appropriate to the engagement, with reporting and communication governed by the agreed arrangements.
What makes discretionary management different?
Investment advice involves recommendations for your consideration, with individual investment decisions generally requiring your approval. Discretionary management gives WLG authority to make qualifying portfolio decisions on your behalf within the parameters of the signed mandate.
Investment decisions within agreed parameters
Discretionary authority does not mean unrestricted authority. The signed mandate defines the investment objectives, risk parameters, permitted investments and any client-specific restrictions. We manage the portfolio within that agreed scope.
Implementation, administration and custody
Depending on the solution, investments may be held and administered through regulated investment platforms, brokers, custodians or product providers. WLG provides the agreed portfolio construction and investment management services; our investment mandate does not itself make WLG the custodian of client assets.
The choice of investment vehicles and service providers depends on the client’s circumstances, portfolio requirements, available facilities and applicable arrangements. Neither a specific product structure nor a particular investment result is guaranteed.
Part of your broader financial picture
Where relevant, discretionary investment management is considered alongside retirement planning, tax considerations, risk protection and estate planning through our Wealth and Legacy Plan® framework. This does not extend the scope of advice beyond the services agreed with each client.
Discuss your investment objectives
Get in touch to explore whether discretionary investment management is appropriate for your circumstances.