Select FAQs

The difference between selecting good and bad investment managers can be game-changing. Leveraging data from the thousands of portfolios we monitor, our experienced Investment Consultants are supported by highly qualified Research Analysts and operate within an independently chaired investment committee framework to ensure we consistently identify and recommend best-in-class active, passive and alternative investment managers.

We don't allocate trustee capital to lots of different investment managers to manage segregated portfolios on different platforms. This is less efficient, agile and typically much more expensive than consolidating your assets onto a single private banking platform and investing into active, passive and alternative funds managed by the best investment managers in the world. It's what institutional investors do and we've brought this concept to private wealth through Select.

Yes. The beauty of our Connect platform is that it is connected to hundreds of different investment counterparties around the world. This enables our Investment Consultants to advise trustees on platform assets and externally managed assets holistically. We always execute our manager selection recommendations on our platform, but these will consider the assets managed elsewhere which we will consult on in a more traditional way.

Investment managers typically advise clients directly across hundreds of individual segregated portfolios, so can't be expected to deliver the same level of performance as a fund manager running a single unitised portfolio - it's not rocket science. So, Enhance focuses on consulting to trustees and selecting the best fund managers, separating the investment management. Funds are also typically more tax-efficient and, crucially, make it far easier and less costly to implement manager selection recommendations and changes.

Yes, we don't double charge! Our Select clients pay a single consultancy fee that includes our top-tier Monitor review reports and access to our Connect platform for both the trustee and family members associated with each client group. Select really does have all bases covered from a consulting, manager selection, monitoring and platform perspective, all coordinated by an experienced Investment Consultant.

We group clients on a family basis when applying our minimum investment amount of £1m. So, if a family has multiple entities that will employ the Select service, it is the total assets across the family group that count. However, we always consider our broader relationship with trustees and future liquidity events expected by clients so we can make exceptions to our minimum. We're a pragmatic bunch. 

Select clients pay a tiered percentage consultancy fee to Enhance based on the total assets we consult on. We apply a single tier to family groups so that all entities and family members benefit from their combined economies of scale. In addition, there's a flat percentage platform fee and modest admin charges levied by our private banking partner for custody and execution. A detailed fee estimate is provided before Enhance is engaged which itemises all costs, including fund management charges.