Model portfolios – a private banking solution?
Heartwood Wealth Management’s model of discretionary portfolio management might provide some insights into how private banks will choose to invest on their clients’ behalf.
|Private Banking and Wealth Management Survey 2011|
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Heartwood has £1.2 billion ($1.9 billion) in client assets and has been running for 20 years. It invests high-net-worth client money (usually clients with from £500,000 to £20 million invested with Heartwood) on a purely discretionary basis, segmenting clients into six different investment strategies based on their risk profile.