Discretionary Management

Discretionary Management PencilsMany Pilling & Co clients choose to have their investments managed by the firm on a discretionary basis.

This is where investment decisions are made by us and acted upon without delay. Some of our clients work abroad and are happy that their interests are being looked after when they are away. Others simply wish to rest easy knowing that their assets are receiving professional care and attention and they can make as much or as little contact as they like.

Discretionary Account Management

The account will be managed strictly in accordance with the investment objectives agreed with you. You may have restrictions to place on the account, for example, on ethical or risk grounds. These will be recorded on your file before any investment decisions are taken and will be followed. Your situation may change in the future and your investment objectives may be different. You can change the way your account is managed at any time by simply informing your Investment Manager of your new needs.

Our Discretionary Service gives you:

  • Our highest level of service, managing investments under a “contract of care”
  • Your personal Discretionary Manager
  • Six monthly report including an economic and portfolio review, statement of transactions and a reconciliation of performance
  • Online valuations
  • Portfolios built from ‘scratch’

Your discretionary manager has no restrictions on the investments for your portfolio. There is no agenda pushing us to invest your money in certain brands or products. With investment opportunities in different sectors or markets, we have the freedom, (providing your investment restrictions are not breached), to seize these opportunities for you.

Discretionary Account Management Charges Summary and Notes

Pilling & Co is pleased to offer you this service on a fee basis. The management fee is 1.0% plus VAT per annum of the value of the portfolio up to £250,000 and 0.5% plus VAT on any excess, and is charged proportionately every six months.

The minimum portfolio value for an investment managed account is £75,000 with no maximum. You can include ISA and SIPP accounts with ordinary accounts to reach the minimum figure, as well as combining a spouse’s portfolio. We do stress however, that all these accounts must be with Pilling & Co and in our nominee company.

As a discretionary client, we still send you contract notes immediately, confirming all your dealing transactions. Every six months we send you a full report including a statement of transactions and reconciliation of performance. You also have access to on line valuations so you can always see your account position.

Open a Discretionary Management Account

To open a Discretionary Management account, please complete the New Client Application Form our Discretionary Management Application Form and Discretionary Management Client Investment Questionnaire Form. When returning these documents please give us as much detail as possible including full details of your investments and personal financial circumstances which will make our advice as suitable as possible.

If you would like to open an account with Pilling & Co but wish to talk to somebody first, our Investment Managers will be pleased to speak to you on 0161 819 4825. Alternatively, you can write or e-mail us describing the type of service you require. You can also arrange to meet your Investment Manager in Manchester, and put a face to a voice.

Further Information