Santiago

London

Within an ongoing framework of support from a highly qualified team that provides advice on aspects complementary to the financial ones, facilitates interaction with counterparties, and analyzes new products available in the market.

Wealth Management_

Every optimization problem requires an objective function. In the case of investments, this function is its purpose. What is the family goal behind setting an investment policy and an Asset Allocation?

This must be the guideline and compass for all investment decisions. Defining the purpose can significantly alter the investment policy and certainly the Asset Allocation.

Defining objectives_

This must be the guideline and compass for all investment decisions. Defining the purpose can significantly alter the investment policy and certainly the Asset Allocation.

Wealth Analysis_

Once the investment objective has been determined and the investor's overall wealth has been understood, it is necessary to define what mix of assets is consistent with the risk-return profile that allows achieving the investment objectives.

This involves scenario simulation and portfolio optimization incorporating uncertainty.

Once the optimal asset mix has been established, the room that the investment policy will have to deviate from that target must be defined, along with procedures for reviewing that target.

Asset allocation explains a very significant portion of the return and variance of an investment portfolio.

Asset Allocation_

It is important that the vehicles selected are consistent with the Asset Allocation. Many funds may be classified as belonging to a particular asset class but have very different risk characteristics, causing the dynamics sought with the aggregate portfolio to potentially not be met, affecting the portfolio as a whole.

Selection_

Asset allocation

The importance of costs

Investment products can often be more complex than necessary. Sophisticated, opaque instruments, intricate remuneration structures and multiple proprietary layers are frequently used without a sound investment rationale. This sophistication rarely benefits the investor.

Tax suitability

Complex structures hinder the benchmarking and monitoring process. The number of ad-hoc assumptions and intermediate resolutions for investment evaluation grows significantly as complexity increases. Weaker measurement tools mean more monitoring time and poorer feedback between principal and agent.

Due Diligence

Implementation_

Implementation

Account opening and negotiation_

Ongoing support to the investor in opening accounts and/or negotiating commercial terms with counterparties.

Relationship with counterparties_

Maintain control and direct relationships with all counterparties, serving as the channel between the family and the financial institutions. This includes order management, operations, requests, and portfolio adjustments.

Ongoing advisory_

Partners' time available to answer all kinds of questions or to provide analysis related to financial assets, even when they are not directly related to the portfolio. This may include contingency analysis, business evaluation, and timely recommendations.

Review of new products_

New products are periodically surveyed and undergo appropriate due diligence.

Continuous monitoring_

Portfolio Management_

Performance reports.
Attribution and contribution.
Fee audits.
Investment limit management.

Risk Management_

Risk management and control.
Multi-level benchmarking.
Simulators.

Investment control_

Automated transaction recording.
Pre-trade compliance.

Reporting_

Specialized reports.
Investment statements.
Factsheets.

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