Three former Berenberg Bank executives have joined forces to launch a new wealth management company called Lincoln Private Investment Office.
The three executives namely Ross Elder, Fred Hervey and Becky Robbins will serve as managing partner, chief investment officer and chief operating officer respectively at the new firm.
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The team will be supported by an investment advisory board that includes Hugh Sloane, founder of Sloane Robinson, Dipankar Shewaram, a former senior portfolio manager at BlueBay Asset Management, and Alan Carruthers, former head of equities at JPMorgan Cazenove.
The firm provides discretionary management of family wealth and private banking as well as a stockbroking service.
The advisory board members will also invest their own personal assets along with their clients and also will provide wealth management services to HNWI’s and families.
The private investment office strategy includes providing each client unique asset allocation, and then running all portfolios as whole, said Ross Elder.
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By GlobalData"If, as a firm, we decide to go 10% overweight in UK equities, so will all of our clients. So we are looking for capacity-constrained, even closed, interesting and niche fund managers. Nothing is at the managers’ discretion.
"We split people’s money into the discretionary part of the portfolio for liquid assets – bonds, equities and also regulated liquid absolute return funds, which allows us to be responsive to those markets where there is often more volatility.
"Each client will have active and passive exposure assuming they are comfortable with that. Certain clients may not want active or passive, but our core clients want both, he added.
Lincoln, which was established following demand from the founders’ existing clients, will provide every client the opportunity to become a shareholder but under no obligation to do so.
