As a stockbroking and wealth management firm our Investment Managers have regular contact with the country’s leading fund management groups. It is difficult for a single fund management group to have sufficient expertise across all sectors and geographic areas. So we research which fund managers are best in each particular area and “cherry pick” the best for you.
The Pilling Ideal Portfolios (PIPs) are six portfolios of funds carefully selected by our Investment Managers. These are the:
- Income PIP
- Growth PIP
- Higher Income PIP
- Select Opportunities PIP
- Overseas PIP
- Conservative PIP
When selecting a fund or trust it is essential to know:
- The fund manager and his ability
- The portfolio strategy both current and looking ahead
- Sector and/or geographic weightings
- Tracking error, where applicable, and volatility
- Gearing strategy (for investment trusts only)
- Discount/premium situations (for investment trusts only)
- Currency hedging strategy for overseas fund
We continually monitor these points by having regular meetings and dialogue with managers.
The PIPs can be bought in your Pilling ISA & SIPP portfolios. They can also be bought via a Pilling Nominee Account. Due to the spread of investments we suggest the minimum investment should be £20,000 per PIP. You may add further money to the PIP later if you wish providing it does not breach any contribution limits for ISAs and SIPPs.
PIPs are only available on a discretionary basis which means that we make changes to the portfolio when we think it best to do so. You will be sent contract notes when any changes are made and we provide you with a full report on the progress every six months.
Changes may be prompted by:
- An under-performance within a sector
- A sector falling out of favour
- A change in the management of the fund
- A change to the economic environment
For further details of our PIP Management Service please telephone our Investment Managers on 0161 819 4825 between 8.00am and 5.15pm on any business day.
Our management charge for the Piling Ideal Portfolios is lower than our normal discretionary rate at 0.5% plus VAT per annum on the value of your PIP assets. This is levied proportionately every six months at the time of our report. The individual funds also charge annual management fees which will be reflected in the unit price. Details of these charges will be available on the manager’s websites.
As a discretionary client, we still send you contract notes immediately, confirming all your dealing transactions. We will send you a six monthly full report in February and August including a statement of transactions and reconciliation of performance. You also have access to on line valuations so you can always see your account position.
To open a Pilling Ideal Portfolio account, please complete the PIP Application Form and our Client Agreement. When returning these documents please give us as much detail as possible including full details of your investments and personal financial circumstances which will make our advice as suitable as possible.
If you would like to open an account with Pilling & Co but wish to talk to somebody first, our Investment Managers will be pleased to speak to you on 0161 819 4825. Alternatively, you can write, e-mail us at investmentservicespilling.co.uk or arrange to meet an Investment Manager in Manchester, and put a face to a voice.