Single service

McInroy & Wood provides discretionary investment management to private clients. This service includes taking responsibility for the management of a client’s investments, having agreed a framework of policy and objectives in advance, as well as taking care of all matters relating to custody and administration of those investments.

Personal attention

We seek to establish professional and enduring personal relationships with all our clients. The first essential step is to meet prospective clients in order to talk about their existing assets, tax position, and income requirements. This initial meeting allows us to develop an understanding of personal circumstances, preferences and investment objective(s). We then determine the investment strategy that is most suitable to meet these objectives. 

Service format

McInroy & Wood’s discretionary management service is provided through one of two parallel formats: either on a segregated basis via a portfolio of directly held securities; or via a holding in one or more of the MW Funds. Where we make use of the MW Funds as the medium for managing a client’s portfolio, the client will benefit from the same investment approach and thinking as is applied to the management of segregated portfolios.

Assuming similar investment objectives and requirements, the same asset allocation and stock selection process will be applied whether a segregated or fund format is adopted.

The segregated format can have particular advantages for clients with very specific objectives and investment or tax requirements, which cannot be met under the fund format.

While the MW Funds were originally designed for those clients for whom a segregated format would have been relatively costly, many of our larger clients now appreciate the advantages offered by their collective structure. These include:

• the deferral of tax on capital gains realised within the portfolio, allowing greater flexibility in portfolio management;
• for smaller clients particularly, access to a well-diversified portfolio of international securities which otherwise would be difficult to construct;
• the ability to add or withdraw funds without distorting the balance of the portfolio; 
• simplicity of administration and tax reporting, since the client’s diversified portfolio is often represented by only one holding.

The cost to the client is designed to be similar for either format adopted.