Select FAQs
Search our knowledge hub for frequently asked questions about our manager selection service for trustees, Select.
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.
Our Investment Consultants and Research Analysts hold CFA and CISI qualifications and have significant experience consulting for trustees and their clients on complex investment affairs. Our team is led by experienced investment professionals and operates within an independently chaired Investment Committee framework that provides additional rigour and governance over our research and recommendations. We are a CISI Chartered Firm, which is independent recognition of our professional standards.
Every Select engagement starts with a thorough investment objectives evaluation where your dedicated Investment Consultant works with you to understand the client's investment aims, risk tolerance, time horizon, income and tax requirements. We then formalise these into a clear investment policy statement that guides every recommendation. Our Research Team covers cautious, balanced and growth risk profiles across multiple strategies, so we tailor solutions to match each client's specific needs.
ESG is one of the five pillars in our 5P manager research process - we call it Planet. We believe that ESG factors must be genuinely integrated into investment decisions and corporate culture, not just documented in policies. Our Research Team assesses how investment managers incorporate environmental, social and governance considerations into their day-to-day investment process and looks for proof of meaningful integration rather than tick-box compliance.
If our ongoing monitoring and research identify that a change of investment manager would benefit the client, your Investment Consultant will discuss the rationale and recommendation with you before any action is taken. Because Select is implemented on a centralised private banking platform using funds rather than segregated mandates, manager changes can be executed efficiently and cost-effectively without the complexity and expense of moving between multiple platforms and accounts.
Yes. Our Connect platform is connected to hundreds of different investment counterparties around the world, which means our Investment Consultants can advise you on platform assets and externally managed assets holistically. We always implement our manager selection recommendations on our private banking platform, but these recommendations account for assets managed elsewhere, which we can consult on to ensure the overall portfolio remains aligned with the client's investment policy.
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