'Everyone wants minimum risk and maximum return'
12.05.11
Like many wealth managers, Vestra work off a template for each client,
constructing a portfolio from up to seven asset classes – cash, fixed
income, equities, property, hedge funds, private equity and commodities.
There are six main portfolio templates – a short or long-term view for
investors seeking growth, low risk or a balanced portfolio. The "house"
view determines which investments are the preferred choice within the asset
classes and then the individual manager can make adjustments for each client.
For example – within the fixed-income asset class a wealth manager could
choose between corporate bonds, approved government bonds, high-yield bonds
or emerging market debt.
"The role of a good wealth manager is to really know your client,"
said Mr Scott. "We spend a lot of time asking questions, determining
what their goals are, their risk appetite, what they really need that money
to do. Once you really know that client then you can make an investment
decision for them."
Source: Telegraph.co.uk