Investment Philosophy

We are an investment manager focused on the preservation of capital, taking a top down approach to portfolio construction. We aim to build a strong rapport with our clients, understanding the risks they are prepared to take.

We seek positive absolute returns over relative returns, understanding that our clients want their funds to grow over the longer term, whilst also seeking to smooth out the volatilities that can be associated with any particular asset class or time period. Our focus on positive returns is a policy that has always been evident in our approach to managing clients’ portfolios.

It should be stressed that, in seeking absolute returns, we do not sacrifice performance.  Our track record demonstrates that we provide our clients with both capital preservation and excellent returns over the longer term.

Our clear-sighted investment methodologies provide clarity and understanding for both the client and the investment team.

A focus on capital preservation.

Risk rather than return leads our thinking, in particular the risks our clients are comfortable taking to achieve the returns they desire. It is a simple step on from this to state that absolute returns are a key part of our focus.

A strong rapport with clients.

Every client of Thomas Miller Investment has the opportunity to benefit from a direct personal relationship with their portfolio manager. We place great value on mutual understanding. Our portfolio managers need to truly understand clients’ objectives just as clients need to understand what we are doing on their behalf.

A philosophy built on teamwork.

The Investment Strategy Committee meets monthly to discuss and set strategy.  We actively encourage individual contribution but recognise that this must be combined with collective discussion.  The strength of our proposition lies in the cumulative impact of the investment team.