Which Thomas Miller portfolio is best suited to you or your client depends on a combination of your circumstances and preferences – below we provide a brief explanation of our investment services.
Managed Portfolio Service
Our discretionary managed portfolios reflect the risk profiles above. The portfolios are managed by a dedicated and experienced investment team. The investment team will look to add value to a client’s portfolio through tactical asset allocation and fund selection decisions. A tactical asset allocation decision is where the investment team will adjust a portfolio’s asset allocation – depending on whether they have a favorable or unfavorable view for a specific asset. For instance, if the investment team believes the outlook for equities is positive, they may increase the portfolio’s allocation to equities and vice versa if they have a negative view. Adding value through fund selection is more broad-based and includes the decision as to whether an active or passive approach is most suitable for each asset class and region as well as the selection of individual fund managers. Looking for specific investment strategies or styles is another way the team can add value to a client.
This investment service is suitable for clients with defined investment requirements and medium to longer term investment time horizons.
Managed Passive Portfolio Service
We offer six passive portfolios ranging from Fixed Interest through Equity. Each passive portfolio is managed in-line with the strategic asset allocation determined through the asset allocation process. There are no tactical asset allocation decisions, but the team does undertake in depth analysis on the underlying passive funds used to deliver the strategy.
The passive portfolios are suitable for a range of client circumstances such as when they represent the market exposure of a wider investment portfolio. Given the ability to invest smaller amounts, passive strategies may be suitable for clients beginning to accumulate wealth.
Ethical Portfolio Service
Our six ethical portfolios again reflect the risk profiles shown above. These portfolios invest in underlying funds that are managed to an ethical mandate. For example, some will look to exclude “unethical” industries – which may exclude alcohol, tobacco and the arms industry – while some may aim to invest so as to encourage social, positive social, environmental or governance outcomes.
Bespoke Portfolio Service
In addition to investing in collectives, our Bespoke Portfolio Service can also invest directly into equities and fixed income instruments. This enables us to incorporate a broader range of assets into portfolios and to accommodate capital gains tax into investment decisions (for example managing down liabilities through time). Bespoke portfolios can explicitly take account of other assets and exposure, enabling a more holistic approach to be taken. This service is typically suited to clients with experience of investing, who may own existing portfolios with complex holdings or tax needs.
- DFM MPS Direct
- DFM Bespoke
- DFM MPS on Platform