Delivering exceptional investment solutions for your clients
Services for Intermediaries
Aubrey Capital is a specialist investment manager and provides a range of investment solutions for advisers.
We do not provide conflicting advice services, and work closely with advisers whether they’re accessing us through MPS or bespoke portfolios. We also provide ‘white label’ portfolios tailored to advisers specific requirements.
As a service provider to advisers, our core aim is to support them in the provision of their client solution, by providing flexible investment portfolios and high degree of ancillary support.
Our solutions are available on a range of adviser platforms, as well as through our own custody and administration platform.
Each of our investment solutions is designed to provide a balanced approach between cost, risk and opportunity for return.
We offer several MPS solutions where the client relationship always belongs to you.
The below options showcase our extensive investment knowledge and research capabilities, each suiting your client’s investment objectives and appetite to risk.
Aubrey MPS
Aubrey offers a range of five risk based multi asset portfolios, invested globally across active, factor/smart beta and passive funds on a multi asset/ manager basis.
These are designed to be an understandable and cost-effective core investment solution for advisers.
An integral part of our strategy is the innovative use of factor investments that identify specific investment traits such as quality, value, minimum volatility, and sustainable dividends. These lower cost investments provide an ideal way of bridging the gap between active and passive investments in a way that takes positive traits from each approach.
The MPS is only available to advisers, and through B2B platforms.
The portfolios are diversified across different asset classes, geographical regions and investment structures, and re-balanced on a quarterly basis.
Read more| MPS | Risk Category | Equity Risk Allocation % | Target Volatility (less than) | Equivalent Dynamic Planner (1-10) | Data Available via FE Directory | Aubrey AMC | Typical Underlying Product Cost | |
|---|---|---|---|---|---|---|---|---|
| MPS01 | Lower | 20-30 | 6 | 3 | Yes | 0.25% | 0.35%-0.40% | |
| MPS02 | Lower to Medium | 30-50 | 8 | 4 | Yes | 0.25% | 0.40%-0.45% | |
| MPS03 | Medium | 40-60 | 10 | 5 | Yes | 0.25% | 0.45%-0.50% | |
| MPS04 | Medium to Higher | 50-70 | 12 | 6 | Yes | 0.25% | 0.45%-0.50% | |
| MPS05 | Higher | 60-80 | 14 | 7 | Yes | 0.25% | 0.45%-0.50% | |
Sustainable MPS
Aubrey has been managing sustainable MPS portfolios since 2018 and apply the same global investment process, seeking to identify diversification by holding different assets, geographical areas and investment structures, as to our other adviser solutions, but with a focus on world impact, ethically based and sustainable portfolio investments.
When analysing investments for multi asset sustainable portfolios, we would expect managers to have an ‘opt out’ approach towards ‘sin’ sectors such as chemicals, armaments and tobacco. We use a combination of both internal and externally sourced data and research. Given the varied approaches inherent with the market, it is important to understand external manager’s approach to their sustainability processes.
Aubrey is a signatory of the UN-sponsored PRI. Access further information regarding our sustainability policies here.
Read More| MPS | Risk Category | Equity Risk Allocation % | Target Volatility (less than) | Equivalent Dynamic Planner (1-10) | Data Available via FE Directory | Aubrey AMC | Typical Underlying Product Cost | |
|---|---|---|---|---|---|---|---|---|
| Sustainable MPS01 | Lower | 20-30 | 6 | 3 | Yes | 0.25% | 0.35%-0.40% | |
| Sustainable MPS02 | Lower to Medium | 30-50 | 8 | 4 | Yes | 0.25% | 0.40%-0.45% | |
| Sustainable MPS03 | Medium | 40-60 | 10 | 5 | Yes | 0.25% | 0.45%-0.50% | |
| Sustainable MPS04 | Medium to Higher | 50-70 | 12 | 6 | Yes | 0.25% | 0.45%-0.50% | |
| Sustainable MPS05 | Higher | 60-80 | 14 | 7 | Yes | 0.25% | 0.45%-0.50% |
Our growth biased investment approach lends to sustainability being a natural extension of the core Aubrey investment approach. Our equity funds specifically introduced a greater focus to ESG through an in house proprietary system in 2014, and we have been managing multi asset sustainable portfolios since 2018. Increasingly corporate responsibility as well as providing a sustainable approach to investment is an expectation for investors, and this positive change is one that we embrace. The Sustainable MPS provides a range of risk based MPS portfolios that invest globally and are designed to provide and core sustainable investment solution.
Having our inhouse global equity teams analysing global companies through an ESG process not only helps us provide specific bespoke sustainable or impact solutions, but also adds significant colour to our understanding of sustainable investment trends when we are analysing funds and index investments for multi asset portfolios. Over time, the consistency and availability of external data on individual companies ethical, social and governance is improving, but in many cases, there are significant gaps between the published information and what companies are actually doing. Having a proprietary inhouse ESG process helps us understand genuine trends at the company level which we can incorporate and extrapolate across our broader portfolios.
AIM
The Aubrey AIM Portfolio invests in a range of growing companies trading on AIM (formerly the Alternative Investment Market). Launched in 1995, AIM is a submarket of the London Stock Exchange, and has developed into a successful and established market for dynamic British and overseas based companies.
Apart from the investment opportunity, investment in AIM companies can also provide a potential tax benefit, including IHT.
The Aubrey AIM portfolio typically invests in around 25 to 30 innovative and growing AIM listed businesses that fulfill our investment criteria of strong balance sheets, strong cash generation, and sustainable medium to long term earnings growth.
Through this process we aim to seek to avoid adding financial risk to the inherent operational risk of investing in any company.
Typically, around a third of our portfolio is invested in companies with market capitalisations in excess of £1 billion, and a further third in companies between £500m and £1 billion, highlighting that while AIM listed companies are small is stock market terms, it is home to many profitable, well established and good sized businesses.
Bespoke
Whilst managed portfolios can provide an ideal investment solution for most clients, advisers may have individual clients that require a more targeted portfolio approach. A bespoke on-platform portfolio may be a consideration for a number of reasons, including where advisers are operating a segregated client service, or for more client specific reasons such as:
- Multiple portfolios being managed, for e.g. a family group.
- Enhanced client reporting or service/support requirements
- Specific investment strategies e.g. sustainable/impact criteria, income needs, time horizons, tax planning
- Where existing investments need to be consolidated or managed toward a new investment strategy
- Sophisticated investors
- Capital Gains Tax
Aubrey recognises that in some circumstances a managed portfolio, will not fit for all client types and circumstances. We do therefore also offer a more traditional Bespoke Portfolio Service for those situations where a more specific targeted investment solution is required.
Examples of where a bespoke portfolio may be an appropriate solution would be where these is an in- specie portfolio transfer where capital gains need to be managed, where there are multiple portfolios being run either for an individual or family group to an overall investment solution (and where underlying portfolios may be providing very different roles within the overall investment and advice solution that the adviser has agreed with their client). Specific investment strategies, for example those with a sustainable or impact criteria, and decumulation strategies where the investment approach is being tailored based on a client’s income needs, would also be examples of circumstances where an adviser may consider the bespoke route to be a more suitable and flexible solution for their client.
Due to the specific and individually managed nature of a bespoke portfolio, this is a higher cost investment option.
The on-platform bespoke solution is available through certain external adviser platforms, including Aviva, abrdn (Standard Life Hub), Transact and M&G Wealth.
Typically, we suggest a minimum bespoke portfolio size of £500,000, though this may include different underlying wrappers. However, our view is that the core consideration for a bespoke portfolio is not necessarily the size of the investment portfolio, but rather whether that solution can add value for the underlying client, and potentially provide an outcome which justifies a higher AMC compared to an MPS.