Date office opened: 1992
We have traded as Investec Wealth and Investment since 2012, following the merger of the Williams de Broë business.
Number in team: 37
Top three fund picks:
Baillie Gifford Japan Trust
Fidelity Special Values Investment Trust
Q&A with Scott Jones, divisional director, Investec Wealth & Investment, Bournemouth (pictured below):
What is your typical client demographic?
We have a whole range of clients, but for the last 20 years the Bournemouth office has worked very closely with local independent financial advisers, offering discretionary investment management to their clients.
What differentiates your region?
Bournemouth and the south coast has always had a good share of quality, family run businesses, in a variety of sectors and industries. Over the past decade, in part through the expansion and development of the university, it is also rapidly developing into a centre for technology and media companies, and has a growing and vibrant, film production sector.
What challenges does your area face?
Office space at times can be an issue, as unlike a city, we do not
have a large business district. Also, we have to work hard to ensure that we retain talent. The lure of London can be an issue, although likewise, we see a number of people in their 30s and 40s coming back to settle here.
What’s the best thing about living in your area?
Bournemouth is by the sea and is warmer than the rest of the UK (sometimes)! The coastline here is stunning and as an added bonus, behind Bournemouth lies the New Forest. What more could you ask for? It also has good access into London via rail.
What is a typical saying in your region?
As Bournemouth is a relatively new town, established in the Victorian era as a holiday resort, it is a wonderful melting pot of cultures. Dorset though is traditional farming county and has some great expressions – researching this question I loved reading that ‘God almighty’s cow’, is in fact, the humble (but beautiful) ladybird.
What is your office motto?
‘Look after your clients, as you would want your own family to be looked after.’ If you set out to do this with every client, you should not go too far wrong.
Are you bullish or bearish?
Neither. We remain cautiously optimistic on the outlook for global growth, however very mindful to the negative effects a trade war between China and the US may have on global stock markets. We are watching markets closely but have not moved portfolios to a more bearish position. With any stock market weakness, we are looking to deploy free cash.
Asset allocation of a typical balanced portfolio:
- Income and unrated bonds: a match made in heaven?
- Smith & Williamson's Rupert Phelps: entrepreneurialism in the next generation
- Martin Gilbert: Three lessons I learned from the crisis
- My first 100 days as CEO of Beaufort Investment Management
- GAM meltdown: unrated bond alarm bells ring 4
- Aston Martin's £5bn float: style over substance? 1
- ETF veteran issues fund firms three year warning 1
Hawksmoor boardroom reshuffle
Senior investment director Andrew Foster has stepped down from the board of Hawksmoor and been replaced by senior fund manager Ben Conway.
- Pound jumps on retail resurgence and Brexit hopes
- Is Brexit reason for investors' lack of sustainability demand?
- Jeremy Lang: Ronaldo, Trump and entrenched belief systems
- 12 lessons a fund manager learnt on wealth roadtrip
- ‘Buy’ Woodford Patient Capital as a defence against a crash
- Wayne Rooney faces £6m tax bill as film scheme busts
Liam Halligan: the eurozone is about to implode
The economist and broadcaster told the Citywire Private Office Retreat he believes a potential implosion of the eurozone is the biggest threat markets face today.
James Anderson: my great fear and hope for the next 10 years
Co-manager of Scottish Mortgage Trust says the financial world has not changed since the banking crisis but predicts the next decade will bring unprecedented upheaval in all areas of the market.
What wealth managers told clients the day Lehmans went bust
We asked wealth managers to go back in time at Citywire North as the 10-year anniversary of the Lehmans collapse approached.
Profile: UBS' new UK boss on her plans to win wealth
UBS’s wealth arm might be the fourth biggest in the UK, but it still has only 4% of the market share, says incoming boss Eva Lindholm
Pub Club with Stephen Jacques, Tilney
MPS Investment Committee: Will Dickson, P1 Investment Management
Breakfast Edition: At Dishoom with Parmenion’s Andrew Gilbert
Private Banking Insight: Liz Bottomley, Arbuthnot Latham
MPS Investment Committee: Christopher Aldous, Charles Stanley
On The Road Challenge: tackling an escape room with MCM's Nick Welsh
On The Road Challenge: Blu Family Office serve up tennis challenge to Wealth Manager
On The Road Roundup
Pub Club: At the Phoenix with Simon-Evan Cook, Premier Asset Management
MPS Investment Committee: Alex Brandreth, Brown Shipley
A round of golf with Mary Coughlan, Redmayne Bentley
Pub Club: At the Vintry with WHIreland's Lawrence Cotton & Mark Burtenshaw
MPS Investment Committee: James Penny, TAM Asset Management
Office Spotlight: UBS Wealth Management, Edinburgh
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