Sensible investors build portfolios starting with an asset allocation that rests on the bedrock of diversification, equity orientation, and tax sensitivity
– David Swenson
Paul set up the portfolios in 2009, with George joining the team in 2011. We now manage just over £110 million including bespoke investments.
| 2022 | |
| Cautious Portfolio | £7,073,610 |
| Balanced Portfolio | £34,237,998 |
| Moderately Adventurous Portfolio | £31,000,365 |
| Adeventurous Portfolio | £13,635,454 |
| Positive Impact Portfolios | £4,516,778 |
| Bespoke Investments | £23,304,713 |
The fund objectives are detailed below:
Growth Portfolios
| Aim | Benchmark | Time frame | Risk / volatility | Exclusions | |
| Mainstream Portfolios | To deliver a return of between 6% and 8% gross over the long-term. This should, in a normalised environment, be above the higher rate of cash or inflation. | Basket of strategies that track an index (for example, the FTSE 100) | 10-years plus | Dependent on risk profile of the portfolio. | No specific exclusions. |
| Positive Impact Portfolios | To deliver a return of between 6% and 8% gross over the long-term. This should, in a normalised environment, be above the higher rate of cash or inflation. | Royal London UK FTSE4 Good Index Fund | 10-years plus | Dependent on risk profile of the portfolio. | Specific exclusions. |
Income Portfolios
| Aim | Benchmark | Time frame | Risk / volatility | Exclusions | |
| Mainstream Income Portfolio | To deliver a yield of 3%+ p.a., with growth being secondary. | AFI Balance Index | 10-years plus | Balanced approach. | No specific exclusions. |
| Positive Impact Income Portfolio | To deliver a yield of 2.5%+ p.a., with an element of growth. It can hold up to 20% in non-yielding strategies. | AFI Balance Index | 10-years plus | Balanced approach. | Specific exclusions. |
We invest most of our own money in the portfolios for two reasons, firstly we believe this aligns us with our clients, and secondly, we select investments that we would like to own.
The portfolios are a basket of investments (funds, investment trusts and sometimes ETFs), and are a blend of the very best in each sector / region.
To view the latest performance, holdings, and factsheets (of the underlying funds) for each portfolio click on the links below:
- Cautious Positive Impact Portfolio
- Balanced Positive Impact Portfolio
- Adventurous Positive Impact Portfolio
- LWM Cautious
- LWM Balanced Growth
- LWM Moderately Adventurous Growth
- LWM Adventurous Growth
- LWM Income Portfolio
- LWM Income Positive Impact Portfolio
A summary of the performance up to 30 September 2023 is shown below:
| 12 Months | 2 Years | 3 Years | 4 years | 5 Years | Since Launch | |
|---|---|---|---|---|---|---|
| Cautious Portfolio | 1.36% | -9.99% | 4.32% | 6.83% | 12.12% | 188.01% |
| Benchmark | 2.91% | -10.15% | -1.83% | 0.94% | 6.32% | 104.87% |
| Balanced Portfolio | 2.10% | -15.87% | -0.44% | 5.69% | 6.96% | 219.34% |
| Benchmark | 4.42% | -9.36% | 3.53% | 6.14% | 10.57% | 125.61% |
| Moderately Adventurous Portfolio | 0.29% | -18.93% | -2.83% | 6.68% | 6.55% | 234.33% |
| Benchmark | 5.90% | -7.27% | 8.11% | 11.61% | 16.08% | 155.72% |
| Adventurous Portfolio | -0.25% | -20.61% | -5.86% | 5.85% | 4.80% | 242.71% |
| Benchmark | 6.21% | -7.11% | 9.56% | 13.45% | 17.54% | 163.18% |
| Cautious Positive Impact Portfolio | -4.22% | -16.98% | -7.49% | N/A | N/A | -2.02% |
| Benchmark | 14.97% | 12.37% | 37.22% | N/A | N/A | 33.68% |
| Balanced Positive Impact Portfolio | -3.03% | -17.51% | -5.52% | 4.42% | 10.08% | 72.85% |
| Benchmark | 14.97% | 12.37% | 37.22% | 15.16% | 20.29% | 54.53% |
| Adventurous Positive Impact Portfolio | -2.44% | -16.39% | -2.20% | N/A | N/A | 4.91% |
| Benchmark | 14.97% | 12.37% | 37.22% | N/A | N/A | 33.68% |
| LWM Income Portfolio | 2.75% | N/A | N/A | N/A | N/A | 0.79% |
| Benchmark | 4.80% | N/A | N/A | N/A | N/A | 2.48% |
| LWM Income Positive Impact Portfolio | -1.79% | N/A | N/A | N/A | N/A | -5.00% |
| Benchmark | 4.80% | N/A | N/A | N/A | N/A | 2.48% |
The launch date of the portfolios is the 1 January 2009 with the exception of the Balanced Positive Impact Portfolio which was launced on 31 July 2014, and the Cautious and Adventurous Positive Impact Portfolios which were launched on 1 July 2020. The Income Portfolios were launched on 1 July 2022.
You should note that past performance is not a reliable indicator of future returns and the value of your investments can fall as well as rise. The total return reflects performance without sales charges or the effects of taxation, but is adjusted to reflect all on-going fund expenses and assumes reinvestment of dividends and capital gains. If adjusted for sales charges and the effects of taxation, the performance quoted would be reduced.