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How Park Grove Financial Management Limited work

As financial advisors we like to talk finance in your language

Each member of our team is a specialist in one defined area of financial planning and together we deliver a comprehensive financial planning service to suit your needs.

We listen to what you have to say, to what you want to achieve and how you want to get there. Our approach to financial advice means we can count amongst our clients successful individuals, professional firms, companies and large multi-national groups.

However, we are not exclusive. We are accessible. We are driven by making our solutions work for you.

We utilise the latest in technology, research and analysis but we never follow fashion. Our advice will stand the test of time because our expertise has been honed with experience and with attention to detail. However complex your situation may be, you will find us clear speaking.

What sort of financial advice do we provide?

As independent financial advisers we advise on a vast range of financial matters, here are a few of the Financial Services we provide:

• Tax avoidance measures
• Bespoke trusts & trust funds
• Specialist investments
• Income Tax liability advice
• Capital Gains Tax liability advice
• Individual redundancy advice
• Advice about Life Insurance policies
• Advice about Critical Illness policies
• Company redundancy advice
• Pension fund management
• Personal pensions
• Stakeholder pensions
• Group pensions
• SIPPs & SSAS

Our Investment Philosophy

Whether you are investing in a Pension, an ISA, an Investment Bond, or any other medium we believe it is essential that you understand why your money is being invested in a particular way and what the potential risks and rewards are – we want you to ask questions!

When we act for you the start of the processes will involve a behavioural test designed to make you think what sort of investor you are and what your realistic goals should be. You may be surprised by the outcome, but it’s a great way of helping you and us understand what makes you tick.

Asset Allocation

All types of investments carry some form of risk. In order to reduce this risk we believe that investors should spread their investments across several different types of assets. This is achieved through a process known as asset allocation.

In investment terms there are four main asset classes:

• Equities or shares
• Bonds, provided either by the Government or by corporations
• Property, either commercial or residential
• Cash

Academic studies have shown that over 90% of an investment portfolio’s performance is due to having the correct asset mix – despite what the adverts may say! Surprisingly stock selection contributes less than 3% to the success of an investment strategy and only 2% can be attributed to market timing.

Establishing a mix of assets that is appropriate to your circumstances be it a small or large investment is the most important part of our service to you.

We will also review your ongoing requirements to make sure your money is invested in a manner that remains consistent with your objectives.

Where do we Invest?

Given that the majority of a portfolio’s performance comes from asset allocation, as opposed to fund manager’s skills, it may therefore come as no surprise to learn that the majority of fund managers do not consistently beat index tracker funds.

There is a large amount of academic research to back this up.

As a result our portfolios are largely made up of tracker funds. These have far lower charges than the majority of managed funds and have been proven to provide better results than the majority of fund managers. It’s an approach that doesn’t chase the headline making returns, but aims to provide you with a return that is consistent with the investment risk you are willing to adopt.

That doesn’t mean that we don’t use managed funds. We do, but for different reasons than most other financial advisers and wealth managers do. Many in our industry view active management as a means to reduce risk. In our view, active management can bring additional risk to your portfolio.

In order to beat a benchmark index, active managers must take positions which are different to the benchmark. Not all of these decisions pay off and it is our job to find and recommend fund managers who are the most successful and consistent at exploiting these differences and offer you sufficient compensation for bearing that risk.

At Park Grove Financial Management we are confident in our ability to provide you with the correct solution to your circumstances. We are confident of our people, our expertise and of the strength of the relationship we build with our clients.

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