Introducing Cazenove Capital’s Discretionary Fund Management Service

With a 200-year history of growing and protecting clients' wealth, and access to the significant resources of the Schroders Group, Cazenove Capital is ideally placed to oversee your clients' investments.

Cazenove Capital traces its origins back to the early years of the 19th century. It has served its clients through the tumults of war and profound social, industrial and technological change.

Cazenove Capital traces its origins back to the early years of the 19th century. It has served its clients through the tumults of war and profound social, industrial and technological change. Five years ago Cazenove Capital came together with another great family business, Schroders – ushering in a new chapter of growth, where even more skill and resource could be harnessed for the benefit of its clients. Today Cazenove Capital is one of Britain's biggest wealth managers, trusted by thousands of individuals and charities to safeguard and grow their assets.

Your client comes first

Cazenove Capital has been working with financial advisers for more than 15 years. We offer broad support including regular meetings with a dedicated portfolio manager, comprehensive reporting services and digital valuation tools, giving both you and your client instant access to online valuations. But whether you are a small practice or national firm, we are respectful of your relationship with your client: how you choose to work with us will be led by you. We will support your brand.

Portfolios are tailored according to your clients' risk profile and goals. They can also be tailored to reflect individual clients' environmental and social values. Once an asset allocation strategy has been agreed, we will ensure it adapts appropriately as your clients' circumstances change and in line with your advice.

Investment process

Cazenove Capital aims to deliver real growth with an eye to costs and tax efficiency.

Our established central investment approach rests on a careful reading of the business cycle and an understanding of the impact this has on different asset classes. Risk is then controlled through a highly diversified allocation.

The chart (right) reveals our view on where major world markets are currently positioned in the cycle.

 Schroders)

We offer broad support including regular meetings with a dedicated portfolio manager, comprehensive reporting services and digital valuation tools giving both you and your client instant access to online valuations.

As a result of this view we are today tilted toward cash and alternative investments (including absolute return funds and structured products) and are neutral overall on equities. Within our equities allocation, we favour Japanese and emerging markets. We have a neutral position on European and US equities – and we are currently slightly negative on UK equities, given the fall-off in growth and uncertainties arising from Brexit. A summary of our investment team's views across asset classes and currencies is updated and published regularly.

In creating portfolios we can draw on the resources of the wider Schroders Group, with its global network of analysts and regional and sector specialists. But our fund manager selection team is not constrained to Schroders' own stable of funds: it looks across the market to identify the most attractive and appropriate potential holdings, wherever these are managed.

Where appropriate, we make significant use of alternative investments, such as absolute return funds and structured products, to which your clients might not otherwise have access. Cazenove Capital believes that companies have the ability to enhance their long-term performance through an understanding of the environmental, social and governance issues affecting their business. An awareness of these issues enables companies to potentially mitigate risks as well as realise opportunities. Companies that combine good governance and corporate responsibility will tend to deliver long-term shareholder value over time.

Our other services

Cazenove Capital offers banking services including deposit and current accounts for existing clients. In addition, we offer short-term loans secured against clients' portfolios or properties. These are individually underwritten and can offer advisers and their clients a valuable planning opportunity – especially where a clients' age or income profile makes them ineligible for mainstream mortgage products.

Our inheritance tax (IHT) portfolio service offers a further planning opportunity for clients seeking to mitigate death duties. The portfolio comprises investments in companies which qualify for Business Property Relief. Under current rules, these investments become exempt from inheritance tax after they have been held for two years. By contrast, gifts or transfers are not wholly exempt from IHT until seven years have passed. With our IHT Portfolio Service, clients continue to control and have access to their investments which, if held within an ISA, are not subject to other forms of tax.

Unusually within the wealth management industry we welcome clients who are US citizens or who have links to the US. Increasingly complex tax reporting and other regulatory requirements have made this group difficult to serve. Our specialist Americas Team, however, is fully able and committed to meeting their needs. The team is among the small number of UK-based operations to be registered by the US regulator, the Securities and Exchange Commission.

For more information about Cazenove Capital’s Discretionary Fund Management Service, contact Simon Cooper at simon.cooper@cazenovecapital.com or on 020 7658 1343.

Disclaimer: This article is issued by Cazenove Capital, which is part of the Schroders Group and is a trading name of Schroder & Co. Limited. Registered office at 1 London Wall Place, London EC2Y 5AU. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.