Please click on the link below to read the Half Year Investment Review of the Wellian Model Portfolio ServiceDownload
Last week at the Portfolio Adviser Wealth Manager Awards, Wellian were delighted to pick up two awards – the Platinum award for the Best Balanced Portfolio and the Platinum award for the Best Aggressive Portfolio in the boutique firm category which recognizes firms with assets of up to £3 billion under management. The awards were judged by an independent judging panel with expertise in wealth manager selection and involved a two-step process with both a qualitative and a quantitative stage.
Pictures from the event can be found here
The second Markets in Financial Instruments Directive (MIFID) comes into effect on 3 January 2018. The changes will have a major impact in Financial Services firms; including a wide-ranging overhaul of the exiting directive with a particular focus on market transparency.
A key impact of the new regulations is that from this date, Wellian will only be able to continue trading in financial markets on behalf of certain clients if those clients have obtained a Legal Entity Identifier (LEI).
What is an LEI?
An LEI is a 20 character alphanumeric code that is unique to each legal entity investing in financial markets.
Who requires one?
Investors falling within the category of a ‘legal entity’ will need to obtain an LEI and those relevant to Wellian investors are:
- Trusts – excluding bare trusts
- Pension funds – excluding Self Invested Personal Pensions
- Offshore bonds
- Company accounts
What is the purpose of an LEI?
From 3 January 2018, UK Investment management firms will be obliged to report more information to the Financial Conduct Authority about trades they execute on behalf of a legal entity. The unique LEI has been introduced so that all counterparties to transactions on financial markets can be quickly identified.
How do you obtain an LEI?
The LEI can be obtained directly from the London Stock Exchange (LSE) for an initial fee of £115 + VAT and there is an annual renewal fee of £70 + VAT.
A legal entity can only be issued with one LEI. So if a trust has two investment managers, only one of these will need to apply for the LEI. The trustees would then need to share the code with the other manager.
Please also refer to the FCA’s website – www.fca.org.uk/markets/mifid-ii/legal-entity-identifier– lei-update for further information.
Identity all entities and structures where an LEI is required. We will only be carrying out this process for entities and structures managed by Wellian Investment Solutions in A J Bell Securities’ custody for our clients.
Communicate to those responsible for assessing suitability for the entity or structure i.e. the adviser, to ensure they are aware of the LEI requirement.
All advisers have been contacted and provided with a list of the relevant entity and details of how to apply for the LEI, with details of deadlines.
If you use one of our platform services, then the responsibility for obtaining an LEI falls on yourselves, the client or the platform itself.
We strongly recommend that you make contact with the relevant platform provider in relation to their requirements on LEIs.
Our application form is in the process of being amended to incorporate the need for an LEI, therefore this will become a future onboarding requirement.
While the information provided has been prepared with due care and attention. Wellian Investment Solutions Limited cannot guarantee the accuracy or completeness of the information.
This information does not constitute advice or a recommendation.
On 5th – 8th June 2015, investment director Chris Mayo took part in the Waterloo to Waterloo charity cycle challenge on the 200th anniversary of the Battle of Waterloo.
Starting at Waterloo in London, Chris cycled 220 miles to the iconic Lion’s Mound on the battlefield of Waterloo site in Belgium.
The chosen charity for the event was the verterans charity STOLL, a charity who provide assistance to military veterans who are homeless or suffering from mental health problems, and so far Chris has raised over £1000!
The Directors of Harwood Capital Management (Harwood) and Wellian Investment Solutions (Wellian) have today announced that they have agreed a transaction to buy Wellian and make it an integral part of Harwoods growing multi-manager business.
Wellian is a highly successful investment management business based in Royal Tunbridge Wells. It has assets under management in excess of £185m on Pershing, Ascentric, Novia, Nucleus, Transact, Wealthtime, Axa Wealth and Aviva platforms.
Over recent years Wellian has delivered strong investment returns for clients and this success has been acknowledged with the award of several industry accolades including Defaqto 5 Star Awards for DFM and MPS on Platform (2015), Portfolio Adviser Wealth Gold Awards for their Balanced and Aggressive Portfolios and Platinum award for their Cautious Portfolio (2015).
Going forward, Wellian will maintain a clear sense of identity and continue to build on the strong local support that it has amongst the financial adviser community. The established resources and processes of Wellian will be further enhanced by Harwoods additional fund management, asset allocation, manager selection and distribution capabilities. Alan Durrant will be Chief Executive Officer and Richard Philbin will be Chief Investment Officer, working alongside Wellian Investment Director Chris Mayo.
Commenting on the deal Alan Durrant said:
We are delighted to have concluded this important acquisition. We have been working hard to create a holistic wealth management business and Wellian is a critically important part of this. Wellian is an excellent fit for our business bringing discretionary portfolios managed on a wide range of the platforms supported by advisers. When combined with our range of Discovery Managed Funds, we believe we can now present a full range that will meet the needs of advisers and their clients.
Eric Clapton, Managing Director of Wellian said:
This represents a hugely positive step in the evolution of Wellian. The growing number of Independent Financial Advisers introducing their clients to Wellian will undoubtedly see this as adding to the strength in depth for the business. We are particularly excited about the addition of the Discovery Funds which complements our current award-winning offering.
The annual ISA allowance is one of the most important tax breaks available to investors, and if you donâ€™t use it by 5 April you will lose it. This year, the ISA allowance has been increased to Â£15,000, so with only a few weeks remaining before the end of the tax year, it really does make sense to utilise any tax-efficient allowances while you can.
Here, investment director Chris Mayo has chosen 5 funds he believes could make an excellent choice for last minute ISAs:
Income Investor â€“ Newton Global Higher Income
At a time of record low interest rates and government bond yields, many investors continue to seek a growing income from their investments and so have moved towards equities. The Newton Global Higher Income fund, managed by James Harries, currently yields around 3.5% and aims to grow the income and capital over the long term. The fund invests in companies from around the world, with its largest weighing currently in the US, so offers a good diversifier away from the UK, whilst its typically defensive positioning should do better at protecting capital in volatile markets.
Growth Investor â€“ Schroder European Opportunities
Despite the concerns over a potential Greek exit from the Euro, the ECB â‚¬1.1 trillion stimulus program should be supportive to European equities. The Schroder European Opportunities fund, managed by Steve Cordell, follows an investment approach based around the business cycle and identifies the companies that will benefit from it. The fund currently has its biggest country exposure to France, Germany and Switzerland, with its biggest sector positions in financials and healthcare.
Long Term Growth Investor â€“ JP Morgan Emerging Markets
Emerging market equities have been out of favour for some time, but do appear to be at an attractive entry point based on current valuations for investors prepared to accept their high risk nature and invest for the long term. The JP Morgan Emerging Markets fund, led by Austin Forey as part of a large emerging markets team at JP Morgan, is currently overweight to India and has a bias towards the emerging market consumer.
Defensive Investor â€“ Threadneedle UK Absolute Alpha
Investors with capital protection in mind may wish to consider an absolute return fund which aims to make a stated return above cash over a certain period or target low volatility. The Threadneedle UK Absolute Alpha fund, managed by Chris Kinder and Mark Westwood since its launch in 2010, only invests in UK equities, but also has the ability to use derivatives with the portfolio to short positions. The fund aims to provide a positive return over any 12 month period, which it has done since launch.
Undecided Investor â€“ Cash
With Â£15,000 to invest within a tax-efficient wrapper this tax year, investors who are unsure where to invest should still open up an ISA and place the money temporarily in cash pending investment rather than lose this years allowance.
We are delighted to announce that Wellian Investment Solutions haveÂ once again won three awards at the annual Portfolio Adviser Wealth Manager Awards, which rewardsÂ the UK’s best portfolio managersÂ for their excellence in portfolio management.
Wellian won the top Platinum Award for Best Cautious Portfolio, as well as winning the Gold Award for both Best Balanced Portfolio and Best Aggressive Portfolio in the boutique category which recognize firms with assets of up to Â£3 billion under management.
Winning three awards across different performance categoriesÂ in both 2014 and 2015 showsÂ that our excellent investment performance is being delivered consistently across our range of portfolios.
The Awards are judged by anÂ independent panelÂ with expertise in wealth manager selection, using quantitative data provided by the wealth management companies themselves, and with summary analysis from Enhance Group. Boutique and large firmsÂ are awarded separately,Â with the winners beingÂ those wealth managers who the judges felt are best suited to running new client moneyÂ today, and over the coming years, rather than simply being rewarded for past achievements.
The judges include experienced individuals from leading financial planners, law firms, accountancy practices, consultancy businesses and trust companies who are all charged with placing private client investment mandates with wealth management firms.
This recognition for the second year running further builds on our other recent achievements. In 2014 Wellian were named by advisers asÂ the Citywire Regional Star for the South and East, andÂ shortlisted twice in theÂ Citywire Investment Performance Awards where we were named as one of the top four firms in the UK in the â€˜Best Overall Small Firmâ€™ category, as well as being one of the top performers in the â€˜Best Cautious Portfolioâ€™ category.
Wellian has now made its award winning model portfolio serviceÂ available on the AvivaÂ wrap platform, offering advisers access to the firms nine model portfolios for their clients.
The Wellian model portfolio service is currently already available on the Ascentric, AXA Elevate, Novia, Nucleus, Transact and Wealthtime platforms.
Chris Mayo, Investment Director of Wellian Investment Solutions says:
Â “Wellian is committed to working with advisers and ensuring its portfolios are available to their clients where possible. The inclusion of our model portfolio service on the Aviva wrap platform is further evidence of our continuing support to advisers and something we will continue to build on.”
For the second consecutive year, Wellian Investment Solutions have been shortlisted twice at the 2014 Citywire Wealth Manager Investment Performance Awards that recognise excellent investment performance across the wealth management industry.
Â Wellian have again been named as one of the top four firms in the UK in the â€˜Best Overall Small Firmâ€™ category, whilst again also being shortlisted as one of the top performers in the â€˜Best Cautious Portfolioâ€™ category for the success of its Conservative portfolio when competing against firms of all sizes.
Â The awards are based on ARCâ€™s market leading performance analysis and are strictly quantitative, focusing on risk-adjusted performance over a three-year period. They are designed to recognise those firms which are consistently delivering the best return for their clients.
Â Eric Clapton, managing director of Wellian Investment Solutions, said â€œWe are delighted to be shortlisted again for these performance awards as it shows that we are consistently providing a good level of risk-adjusted performance for our clients across our range of investment strategies.â€
Wellian Investment Solutions announces 100% corporate growth since Q1 2014
Today, Kent based discretionary fund manager Wellian Investment Solutions has announced 100% corporate growth since Q1 this year. The firm has partnered with two new adviser firms in August taking the total client base from 17 in January to 36 at the end of last month. Assets under management (AUM) for the firm currently stand at Â£180m as of 31 August 2014.
Wellianâ€™s clients include Begbies Chartered Accountants and Prismatical Wealth. Both firms have said that they decided to partner with Wellian as a result of the flexible and adaptable service offered via the firmâ€™s model portfolios.
Eric Clapton, Managing Director of Wellian Investment Solutions says:
â€˜We are pleased to report that we have doubled the number of firms we are working with in the first half of this year and that number looks set to grow. What makes us stand out from our competitors in the market is that we adapt our product offering to suit the adviserâ€™s perspective on the investment landscape and are able to provide added flexibility with our model service that is so important for small to mid-sized advisers.â€™
Roy Goodman of Begbies Chartered Accountants says :
â€˜Wellianâ€™s model portfolios tick every box for us as a small firm because they operate across a wide number of different platforms and are adapted to suit a wide range of different client needs and attitudes to risk. As a firm, they have the added advantage of being local to us which was important when we were choosing a DFM to partner with as we wanted to ensure that we would have as much interaction with our investment manager as possible.â€™
Â Graham Laverick of Prismatical Wealth says:
â€˜Whilst we are not based locally to Wellian, we were especially attracted to their model portfolios which give our clients a high quality investment solution matched to our risk and suitability process. Online access to portfolios allows us to benefit from real time information.â€™