Personal Service
The service we offer to clients is available in three distinct formats, and we will determine with you at an early stage which format is most suitable for you. In most cases the service is discretionary - that is to say we have full discretion to deal on your behalf.
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Pooled Management Service
The requirements of many investors can best be met by the use of pooled investment vehicles. With this in mind we have set up our own pooled investment management service in the form of the McInroy & Wood Portfolios Ltd.
These Funds are organised as authorised unit trusts, but for practical purposes they should be looked on simply as an extension of our full discretionary service. MW currently makes no initial charge for investment in either fund (though the Trust Deeds reserve the power to the Manager to levy one), and in this important respect our practice differs from that commonly applied elsewhere.
We strongly believe that the authorised unit trust format, used in this way, offers very considerable advantages to private investors. These include:
- The avoidance of tax on capital gains realised within the portfolio, allowing greater flexibility in the management of your portfolio.
- For smaller investors particularly, access to a well-diversified portfolio of international securities which otherwise would be difficult and expensive to construct.
- Simplicity of administration, since the investor's diversified portfolio is technically represented by only one holding.
- the constitutional safeguards associated with authorised unit trusts.
In making use of the MW Balanced and Income Funds as the medium for managing your portfolio you enjoy access to our investment thinking in the same way as clients with discrete portfolios. Under this format the arrangements for the management of your portfolio are governed by a trust deed rather than a discretionary management agreement. Your investments are held by the trustee, BNY Mellon Trust & Depositary (UK) Limited, whose function is to represent your interests.
Our standard management fee is not applied to any part of the client's portfolio which is invested in either of the Funds.
For further information and potential risk factors please refer to the Important legal information.
Authorised and Regulated by the Financial Services Authority
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