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Risk, and a proper understanding of the term, is central to our investment philosophy.

Our definition of investment risk focusses on the danger of permanent loss of capital. So the primary objective is Capital Preservation over the long-term, which means preserving the ‘real’ value, or purchasing power, of capital after taking into account the effects of inflation and tax.

Within this, income plays an important part of the total return we aim to capture for clients. Buying an acceptable combination of income yields for an acceptable level of risk is therefore a primary focus. Above all, our aim is to manage portfolios to acceptable and well-understood levels of risk. Effective investment management, i.e. one that delivers the returns expected, is all about successfully managing risk.

This philosophy is fundamental to all our investment activity whether on behalf of private clients, charities, pension funds, trusts or third-party institutions.