A Fresh Approach A Fresh Approach LGT Vestra is a partnership set up by experienced industry professionals to provide an exceptional wealth management service to private clients, companies, charities, trusts and financial intermediaries. We offer a personal, focused and bespoke service, carefully designed around your best interests. Our Philosophy Our aim is to offer a fresh approach to Wealth Management, by putting clients first, through the provision of a high quality service, with a transparent charging structure, designed in a bespoke manner to fit their individual requirements. We have been turning our vision into reality, attracting some of the best talent in the industry and drawing together a wealth of experience across multiple asset classes. We have over 9 billion in funds under management, over 260 members of staff, of which 41 are partners. Our Approach The overall objective of LGT Vestra s investment process is to research and communicate, on a consistent and timely basis, the prevalent global investment themes and market views. These are then blended to create a first class investment menu of approved or preferred investment solutions that support the portfolio construction process and investment requirements of our clients. The sits at the heart of our investment process. This body serves to implement the investment strategy and disseminate the macro-led views. Our Managers then utilise the output from the to construct a bespoke portfolio taking into account clients individual investment needs. We employ a robust risk management system and continually monitor portfolios to ensure that they fall within the risk parameters agreed with each client. Trust Non-standard Equity Your Portfolio Authorised Collectives Fixed Income LGT Vestra LLP, 14 Cornhill, London EC3V 3NR, Phone +44 (0)203 207 8000, Fax +44 (0)203 207 8001, info@lgtvestra.com, www.lgtvestra.com 1/6
Portfolio Managment Our approach is simple: unbiased advice, based on what clients want to achieve with the level of risk that you want to take. We take time to understand clients investment requirements, and build a portfolio around your specific needs. You are able to choose exactly how much involvement you have with the management of your financial assets. Discretionary portfolio Our Discretionary portfolio management service is appropriate for clients who wish to delegate all investment decisions to us. These services are available for Private Clients, Trusts, Charities, Investor Visas, Court of Protection and Personal Injury cases. Our investment process defines the structuring of these portfolios, but the day-to-day management is given to each client s Manager. Advisory portfolio Our Advisory portfolio management service is for clients who wish to be more involved with the investment strategy and with all decisions made on their portfolio. The Manager will have an understanding of each client s objectives and levels of risk, and will communicate investment ideas to meet these objectives. However, no transactions will be executed without the prior agreement and instruction from the client. Execution-only Our Execution-Only service enables clients to retain full control over their investments by making use of our dealing and custody service. Ethical investing It is not uncommon for an individual to have concerns with their investments potentially funding or profiting from activities that conflict with their ethical values, and instead wish to hold assets that make a positive contribution to society and the environment. We are able to offer ethically tailored portfolios to suit your needs. Our service enables us to screen potential investments that conflict with your chosen set of criteria, vetting out companies whose practises do not meet your moral obligations. Away from negatively screening companies that provide a conflict of interest, we invest into a number of funds that focus on developing society. For example, investments may focus on aiding projects such as producing clean water in Africa, improving sustainable foresting methods across South America and promoting the production of clean energy across the globe. Private Office Our Private Office service offers a coordinated and professional approach in dealing with complex financial and structural arrangements allowing you to make the most of your wealth. We work with: entrepreneurs, international families and successive generations of inherited wealth. We take time to understand and relate to the issues each client faces, offering valuable expertise and impartiality. Our services Executing the master plan n Strategic: Asset allocation and supervision n Investing: Creating single or multi asset class portfolios n Access to: Financial markets and private deals n Management: Treasury and liability management Planning Building a vision of your wealth n Your wealth: Reviewing the full picture n Structuring and designing your current and future wealth n Cash flow planning and budgeting Family strategy Preparing for the long term n Facilitating and implementing a strategy that works across generations n A plan not just for family development, but for the process of succession n Governance of the family s wealth: guidance, planning and set-up 2/6
Planning Our comprehensive wealth planning approach helps ensure your ambitions remain on track. We work with clients to create a bespoke financial plan, designed around their individual needs, offering longterm guidance. We will consider the whole of the market in order to find you the best possible financial planning solutions. Our decision not to manufacture our own products ensures our advice is unbiased. Our service includes advice in the following areas: n Cash flow analysis n Psychometric risk profiling n Retirement planning n Pension aggregation n Income tax planning n Inheritance tax planning n Protection for death n Business protection n Protection for illness n Savings n Long-term investments n School fees n Offshore and international planning for non-domiciled and non-resident clients n Specialist services for US connected clients n Venture Capital Trust, Enterprise Scheme & Business Property Relief advice Ventures Our specialist team research and source unlisted investment opportunities and also bring together groups of clients who may share a similar appetite for a particular asset or opportunity to create a bespoke investment. As an entrepreneurial business we understand the challenges entrepreneurs face. This means we can offer unmatched expertise in helping businesses to grow. Specialising in single company Enterprise Schemes (EIS) raises and illiquid assets, the investment opportunities we access are exclusive to LGT Vestra and our clients. EIS investments target both asset backed investments and pure growth opportunities along with providing the inherent multiple tax reliefs offered by EIS. We can also assist with your inheritance tax planning by identifying investments that utilise Business Property Relief and other HMRC approved reliefs on a range of alternative assets with varying degrees of risk. In total, our Ventures team have raised over 200 million for investment opportunities. Case studies Asset Backed s Renewable energy The purpose of this project was to acquire a UK site for the construction and operation of a Solar Park. 11.5 million in total was raised in Q1 2011 for the project. The site was operated successfully for 18 months, exiting in December 2013, providing annual income in excess of 8%. In December 2013 this project was exited and a sale was agreed at 15.043 million, providing an exit IRR of 30.1% net of fees and 22.5% net of tax. Electricity generators We raised 5 million for this particluar company in order to build and operate a back up electricity site to the National Grid via the Short Term Operating Reserve mechanism. The company will own and operate 48 diesel generators producing 20MW in a facility in Plymouth. The company is on track to exceed its targeted return of 1.42 per 1 invested after four years of investment. Commercial Property Freehold property purchase This project was the 5.24 million purchase of a commercial freehold property being used as the TK Maxx distribution centre in Newcastle-under-Lyme in Q1 2013. The lease was guaranteed at purchase, with upwards only rent reviews with 15 years remaining. Investors receive an 8.25% per annum distribution, paid quarterly. The original anticipated hold for this project was set at three years, however an exit was provided in Q4 2014. The total return to investors was 40.3%. 3/6
Pure Growth s Ethical battery technology Funds were invested into new battery technology based on Lithium Sulfur (Li-S). This new Li-S technology offered a market advantage providing safe, cost effective, non toxic batteries for a variety of applications. Since we first raised funds for the project in Q1 2012, the company has benefited from further investment from Sasol, the South African based energy and chemicals company. The current NAV is 1.16 per 1 invested. This particular investment has an anticipated hold of four years. The investments described herein are only intended for investors who are categorised as Professional Clients or who have self-certified that they satisfy the requisite criteria for treatment as either a High Net Worth Investor or a Sophisticated Investor as defined by the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005. Lending Capability We provide an introduction to some of the country s specialist lenders to arrange financing for our clients on the most competitive terms. There are two options depending on your requirements: 1. LGT Vestra Platform Lending Assets remain in LGT Vestra s nominee company and a loan is granted by a bank secured on assets held at LGT Vestra. Advantages No change of asset location, no change in reporting, no requirement to open asset management relationship with partner bank. Disadvantages Only suitable for vanilla lending requirements - High LTV, single stock lending, options, FX Margin lending etc. not available. 2. External Asset Manager Lending (EAM) Assets move custody to partner bank although the investment management is still undertaken by LGT Vestra. Advantages Specialist financing options available, higher LTV s maybe available. Disadvantages Assets moved to a new custodian, new reporting, potentially additional custody fees. LGT Vestra US LGT Vestra US Limited is a specialist subsidiary of wealth management firm LGT Vestra LLP, set up specifically to help clients with financial interests in both the US and UK. Authorised and regulated by the Financial Conduct Authority in the UK and a Registered Adviser with the Securities & Exchange Commission in the US. Our aim is to make sure we meet your investment objectives in a way that is efficient in either country, avoiding the many pitfalls that can present themselves to people with challenges to face on more than one front. By becoming a client of LGT Vestra US you can rest assured in the knowledge that the investment decisions we make take into account the many tax implications and your constraints that go part and parcel with your unique circumstances. Furthermore, our expertise in this area means that we can help implement investment strategies that are tax efficient to both US and UK tax systems. To assist you with your tax obligations we provide separate tax packs for the different tax years the two nations operate. 4/6
Our services Discretionary portfolio n Discretionary or Advisory Wealth Management Service n Completely bespoke approach n Full UK and US tax reporting n Take into account currency exposure, tax constraints and lifestyle requirements Model Portfolio Management Service n Discretionary Management n Five different risk managed model portfolios n Available in both GBP and USD n Two ISA compliant model portfolios n Full UK and US tax reporting Jersey In order to cater for those clients requiring a truly Offshore investment service and recognising the opportunities presented by the highly rated and regulated jurisdiction of Jersey, we established a 100% owned subsidiary in 2008 with a full physical presence following in 2010. Since then, the team has grown in number following the addition of long standing experienced investment managers, who are well known in the local market as well as internationally. The team in Jersey has extensive experience in managing assets for private clients, fiduciaries, charities and both local and international pension schemes. Our services Discretionary Portfolio Management Service Our Discretionary Portfolio Management Service is appropriate for clients who wish to delegate all investment decisions to us. Our investment process defines the structuring of these portfolios, with the day to day management looked after by each client s Manager. Advisory Portfolio Management Service Our Advisory portfolio management service is for clients who wish to become more involved with the investment strategy and with all decisions made on their portfolio. The Manager will have an understanding of each client s objectives and levels of risk, and will communicate investment ideas to meet these objectives. However, no transactions will be executed without the prior agreement and instruction from the client. Offshore Model Portfolio Service Custodied via our Jersey office, we offer a range of volatility-led unconstrained multi-asset model portfolios with an emphasis on delivering superior risk adjusted returns. These can be accessed through our own custodian arrangements or alternatively via one of the leading offshore platform providers. Private Client Broking Our highly experienced team of private client stockbrokers provide a professional and bespoke investment management service, advising on a diverse range of securities listed on most of the world s main stock markets. 5/6
LGT Vestra LLP 14 Cornhill London EC3V 3NR www.lgtvestra.com LGT Vestra US Limited 14 Cornhill London EC3V 3NR www.lgtvestra-us.com LGT Vestra (Jersey) Limited Charles Bisson House, 30-32 New Street St Helier, Jersey JE2 3TE www.lgtvestra.com Important information LGT Vestra LLP is authorised and regulated by the Financial Conduct Authority. Our regulation details are set out in the FCA register: Firm Reference No: 471048 www.fca.org.uk/register. Registered in England and Wales: OC329392. Registered office: 14 Cornhill, London, EC3V 3NR. This publication is marketing material. It is for informational purposes only. Certain services described herein are not available to retail clients as defined by the FCA; please speak to your investment adviser for further clarification in this regard. The wording contained in this document is not to be construed as an offer, advice, invitation or solicitation to enter into any financial obligation, activity or promotion of any kind. You are recommended to seek advice concerning suitability from your investment adviser. Any information herein is given in good faith, but is subject to change without notice and may not be accurate and complete for your purposes. This document is not intended for distribution to, or use by, any individual or entities in any jurisdiction where such distribution would be contrary to the laws of that jurisdiction or subject LGT Vestra LLP to any registration requirements. When we provide investment advice it is on the basis of a restricted approach that is to say, whilst we review and advise on retail investment products form the whole of the investment market and can also advise of direct investments, we will not consider your wider financial planning and pension requirements, unless you wish us to do so when we will refer you to one of our wealth planners. Investors should be aware that past performance is not an indication of future performance, the value of investments and the income derived from them may fluctuate and you may not receive back the amount you originally invested. 6/6