Professional advisers sometimes prefer to outsource their clients’ investment management requirements to third party specialists. The Retail Distribution Review (RDR) makes this an increasingly attractive option.
Outsourcing can, understandably, cause some unease. The potential disadvantages for the client include bland ‘off the peg’ services and pigeonholing resulting in failure to meet clients’ expectations and for the professional intermediary potential loss of income and reduced control of the relationship with an important client.
The discretionary “partner” selected needs to share the intermediary’s own client ethos, and be able to demonstrate strength and depth of investment process.
Gore Browne Investment Management’s Working in Partnership service (WiP) is designed to avoid the pitfalls and enhance the service that intermediaries arrange for their most important clients. The team at GBIM are experienced discretionary investment managers with a good and consistent track record. The Six Principles on which the Partnership was founded ensure that the intermediary can rely on clients being properly looked after with individually constructed, diversified portfolios that have meeting their objectives as their highest priority.