Tilney Bestinvest announces new Charities division08 September 2014
Following the completion of the merger between Tilney and Bestinvest last month which created a leading UK-wide investment manager with £9 billion of assets under management, the group has announced the investment team behind its newly established charities division. The team, headed up by Managing Director, Paul Frame, manages over £600m for charity clients across the UK and is targeting significant growth in this area. The regional team structure allows for clients to receive a personalised investment service with direct contact to the investment manager in charge of the account.
Paul is supported in the management of the charities team by the regional team heads, Caroline Connell, Robin Adamson, Jason Haworth and Stephen McClymont as well as fellow Managing Directors, Duncan Brookes and John Mulhern. The charity team’s investment process is overseen by Chief Investment Officer Gareth Lewis.
The team has an average of over 20 years’ experience in managing and advising charities in respect of their finances and will build on the experience Tilney Investment Management has had managing charity portfolios since 1836. The former Bestinvest team has been managing charitable funds for more than ten years.
Tilney Bestinvest’s charities division offers both discretionary and advisory services to meet the different requirements of trustees. The discretionary service provides the freedom and flexibility to build a customised investment solution to meet the precise needs of the individual charity.
With the advisory service, the team will support trustees with asset allocation, fund and stock selection recommendations, with the final decisions remaining with the trustees. Both services are managed or advised on an on-going basis making full use of Tilney Bestinvest’s extensive research capabilities and expert investment selection.
With many charities also requiring a responsible investment overlay, Tilney Bestinvest has appointed EIRIS to support it with ethical screening. The research, which provides in-depth analysis of around 3,500 companies globally, allows the Tilney Bestinvest team to invest in line with their client’s own environmental, social and governance issues.
Paul Frame, Managing Director at Tilney Bestinvest commented: “The investment requirements of a charity are often complex, encompassing the need for income, growth or capital preservation or indeed a blend. But alongside this many charities require their investments to be managed in accordance with very specific non-investment criteria, such as ethical or governance-related factors. The team at Tilney Bestinvest has considerable experience understanding the requirements of UK charities and working with trustees to meet objectives and deliver strong returns in accordance with their required policies.”
“We believe that consistent investment performance for charity clients requires a robust, structured and disciplined investment process that is built on in-house expertise. Given both the size and experience of our team, we believe we are exceptionally well-placed to deliver this and therefore see charities as a strategically important area for Tilney Bestinvest over the coming years.”
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About Tilney Bestinvest
Tilney Bestinvest is a leading investment and financial planning firm that builds on a heritage of more than 150 years. We look after more than £9 billion of assets on our clients’ behalf and pride ourselves on offering the very highest levels of professional client service with transparent, competitive pricing across our entire range of solutions.
We offer a range of services for clients whether they would like to have their investments managed by us, require the support of a highly qualified adviser, prefer to make their own investment decisions or want to take more than one approach. We also have a nationwide team of expert financial planners to help clients with all aspects of financial planning, including retirement planning.
We have won numerous awards including UK Wealth Manager of the Year, Low-cost SIPP Provider of the Year and Self-select ISA Provider of the Year 2013, as voted by readers of the Financial Times and Investors Chronicle. We are pleased that our greatest source of new business is personal referrals from existing clients.
Headquartered in Mayfair, London, Tilney Bestinvest employs almost 400 staff across our network of offices, giving us full UK coverage, and we combine our award-winning research and expertise to provide a personalised service to clients whatever their investment needs.
The Tilney Bestinvest Group of Companies comprises the firms Bestinvest (Brokers) Ltd (Reg. No. 2830297), Tilney Investment Management (Reg. No. 02010520), Bestinvest (Consultants) Ltd (Reg. No. 1550116) and HW Financial Services Ltd (Reg. No. 02030706) all of which are authorised and regulated by the Financial Conduct Authority. Registered office: 6 Chesterfield Gardens, Mayfair, W1J 5BQ.
For further information, please visit: www.tilneybestinvest.co.uk
Tilney is a leading investment and financial planning group that builds on a heritage of more than 180 years. Our clients are private investors, charities and professional intermediaries who trust us with over £23 billion of their assets. We offer a range of services including financial planning, investment management and advice and, through our Bestinvest service, a leading online platform for those who prefer to manage their own investments.
We have won numerous awards. Tilney has been awarded Best Conventional Advisory Service at the 2018 City of London Wealth Management Awards, Best Advisory Service in the 2015 City of London Wealth Management Awards; Investment Award – Cautious category in the Private Asset Management Awards; and Stockbroker of the Year, Execution-only Stockbroker of the Year and Self-select ISA Provider of the Year 2015, as voted by readers of the Financial Times and Investors Chronicle. Bestinvest was voted Best SIPP Provider and Best Fund Platform at the 2017 City of London Wealth Management Awards, Best Direct SIPP Provider at the YourMoney.com Awards 2017, Best Stocks & Shares ISA Provider at the 2017 Shares Awards, as well as Best Self Select ISA Provider, Best Online/Execution-only Stockbroker and Best Investment Platform 2017 at the FT and Investors Chronicle Investment and Wealth Management Awards, as voted by readers of the FT and Investors Chronicle.
Headquartered in Mayfair, London, the Tilney Group employs over 1,000 staff across our network of 30 offices, enabling us to support clients with a local service throughout the UK.