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Tilney Bestinvest forms charities division

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Following the completion of last month’s merger between Tilney and Bestinvest, the group has announced the investment team behind its newly established charities division.

The team, headed up by managing director Paul Frame, manages over GBP600m for charity clients across the UK and is targeting significant growth in this area.
 
The regional team structure allows for clients to receive a personalised investment service with direct contact to the investment manager in charge of the account.
 
Frame is supported in the management of the charities team by the regional team heads, Caroline Connell, Robin Adamson, Jason Haworth and Stephen McClymont, as well as fellow managing directors Duncan Brookes and John Mulhern. The charity team’s investment process is overseen by chief investment officer Gareth Lewis.
 
The team has an average of over 20 years’ experience in managing and advising charities in respect of their finances and will build on the experience Tilney Investment Management has had managing charity portfolios since 1836. The former Bestinvest team has been managing charitable funds for more than ten years.
 
Tilney Bestinvest’s charities division offers both discretionary and advisory services to meet the different requirements of trustees.
 
With the advisory service, the team will support trustees with asset allocation, fund and stock selection recommendations, with the final decisions remaining with the trustees. Both services are managed or advised on an ongoing basis making full use of Tilney Bestinvest’s research capabilities and expert investment selection.
 
Tilney Bestinvest has appointed EIRIS to support it with ethical screening.  The research, which provides in-depth analysis of around 3,500 companies globally, allows the Tilney Bestinvest team to invest in line with their client’s own environmental, social and governance issues.
 
Frame says: “The investment requirements of a charity are often complex, encompassing the need for income, growth or capital preservation or indeed a blend. But alongside this many charities require their investments to be managed in accordance with very specific non-investment criteria, such as ethical or governance-related factors. The team at Tilney Bestinvest has considerable experience understanding the requirements of UK charities and working with trustees to meet objectives and deliver strong returns in accordance with their required policies.
 
“We believe that consistent investment performance for charity clients requires a robust, structured and disciplined investment process that is built on in-house expertise. Given both the size and experience of our team, we believe we are exceptionally well-placed to deliver this and therefore see charities as a strategically important area for Tilney Bestinvest over the coming years.”

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