Smarter solutions built around you

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Dwain William George
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1 Managed Portfolio Service - Client guide Smarter solutions built around you Only available through professional intermediaries. Ask your financial adviser for more information.

2 Who are AJ Bell, and what is the Managed Portfolio Service ()? Managed Portfolio Service () Available exclusively through your adviser and AJ Bell Investcentre Managed portfolios that aim to provide capital growth and target specifi ed levels of investment risk Investment management provided by an experienced team of professionals at AJ Bell Investments Portfolios that suit your needs If your adviser has recommended the to you, it is because they feel that your investment needs would be best served by a diversifi ed portfolio of assets which combines the potential for capital growth, with the reassurance that the level of risk your investments are exposed to is being carefully managed. The features a range of model portfolios designed and managed by AJ Bell s in-house investment and fund management experts. Your adviser works with you to select the most appropriate portfolio for the level of risk that you are comfortable with. To help keep costs low, the portfolios use a passive style of investment management. A strong and forward-thinking company AJ Bell Investcentre is part of AJ Bell one of the largest providers of online investment platforms and stockbroker services in the UK. Currently looking after more than 39.8 billion of platform and pension assets on behalf of 164,500 customers, the company is profi table, debt-free and fi nancially secure. Profitable and financially strong Market-leading platform technology A respected platform The AJ Bell Investcentre platform is designed to provide you with a cost-effective, easy-to-access home for your investments. Available exclusively through your fi nancial adviser, it gives them access to a comprehensive range of different investments, as well as clever features like the, which helps them to look after your fi nancial affairs in the most time- and cost-effi cient way possible. You can login online at any time to keep track of your investments via bn of assets for 164,500 customers SIPPs, ISAs, GIAs and offshore bonds Great service and technical support The value of your investments can go down as well as up and you may get back less than you originally invested and some investments need to be held for the long term. Funds & Shares Service Managed Portfolio Service 3

3 How does the work? 1 We create model portfolios... Model portfolios are constructed and managed by AJ Bell Investments, with a blend of asset types targeting capital growth within specific levels of risk your adviser chooses one... Each model portfolio targets a specific level of risk. Your adviser will recommend the right portfolio for your attitude to risk invests your money 4... and we look after the ongoing management of the portfolio Your adviser accesses the and uses the chosen portfolio to invest the funds via your SIPP, ISA or GIA. There is no minimum investment amount, but the costs associated with the service may mean that the is not appropriate for smaller portfolios; your adviser can provide you with an illustration that demonstrates the effect of charges on your account. Our investment managers monitor the model portfolio, and will make the necessary changes to keep it on track to provide potential for capital growth while ensuring that the portfolio continues to meet the targeted level of risk.

4 Investment risk All investments carry a level of risk. Working in conjunction with your adviser, the aims to invest your money without exceeding the level of risk that you are willing to take. While the value of your investments may go down as well as up, our risk targeting approach means that the portfolio your adviser selects for you matches your appetite for risk, while aiming to deliver real capital growth. Further information about the and the individual portfolios is available from co.uk/customerarea/. This includes portfolio factsheets, which provide more information about the holdings within the portfolios, past performance fi gures, and the level of charges for the service and underlying investments. Please note that past performance is not indicative of possible future performance, and the value of your investments may go down as well as up. Your adviser will help you determine your appetite for risk and select the appropriate portfolio for you. The portfolio characteristics and risk levels stated are guidelines only. We don't offer advice. It's important you understand the risks; if you're unsure please speak to your fi nancial adviser. Investment objective 5 Aims to grow the value of assets in excess of inflation in the longer term, for investors who understand the risk and reward relationship of pure equity portfolios. Focus on global equity and emerging markets, minimal holdings in cash, fixed interest and other defensive assets. 4 Aims to grow the value of assets in excess of inflation in the longer term, for investors who understand risk and how his can be mitigated with long-term planning. High proportion of equity holdings, with limited exposure to cash, bonds and other defensive assets. 3 Aims to grow the value of assets in excess of inflation, for investor who can accept larger short terms dips in portfolio value, to achieve higher potential returns. Broad range of assets, with greater weighting to equities and smaller holdings in lower volatility assets. 2 Aims to protect capital against effects of inflation, for investors who can tolerate some capital loss as markets fluctuate. Broad range of assets, including equities, with significant allocation to cash, bonds and lower volatility assets 1 Aims to minimise risk of capital loss, for investors with lower confidence in financial markets. Small exposure to higher risk, equity assets, majority holding in cash, bonds and lower volatility assets. Risk of portfolio value being eroded by inflation 5

5 How does the benefit you? Expertise at an affordable cost With the your adviser can choose a portfolio of investments that has been carefully constructed to match your attitude to risk, while offering the potential for investment growth at a fraction of the normal cost of employing a traditional discretionary investment manager. It is important to remember that costs will apply, in addition to the cost of the service. For example, there will be costs associated with the underlying investments held in the portfolios, charges for buying and selling holdings with your portfolio to match the model portfolio, and also the normal AJ Bell Investcentre product charges. For more details, ask your fi nancial adviser or refer to the portfolio factsheets and charges and rates document, available from Peace of mind With ongoing management by AJ Bell Investments, you and your adviser have the peace of mind that comes from knowing the model portfolio will consistently target the stated level of risk, while allowing the potential for capital growth. As part of the service, AJ Bell Investments will also rebalance the portfolios, which means that trades may be placed on your account to keep your investments in line with the model portfolio. You can quickly and easily check the value and performance of your portfolio by logging into your AJ Bell Investcentre account at any time. Value-for-money discretionary investment management Targeted to meet your investment goals and attitude to risk Transparency Finally, we provide you with clear and easy-tounderstand information, about how your money is invested, and how the portfolio is performing over time. Our fees are clearly disclosed in simple terms and are readily available at all times. We also provide quarterly reporting that shows how all of the portfolios are performing, and lets you understand how this compares to the market. Track your progress via easy to understand reporting and supporting material This brochure provides general information about the Managed Portfolio Service. It should not be read or construed as investment advice. It is your adviser s responsibility to assess your circumstances and make a personal recommendation that is suitable for your needs. 6

7 AJ Bell Management Limited (company number ), AJ Bell Securities Limited (company number ) and AJ Bell Investments LLP (OC355313) are authorised and regulated by the Financial Conduct Authority. All companies are registered in England and Wales at 4 Exchange Quay, Salford Quays, Manchester M5 3EE. See website for full details. AJBIC//CLB/

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Managed Portfolio Service - Adviser guide Smarter investing made easier For professional intermediaries only. Not for distribution to retail clients. Smarter investing the Managed Portfolio Service The