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Strategic Conviction
Steering a course between active and passive
- The content of this page is only suitable regulated financial advisers.
- Past performance isn't an indicator of future returns and investors could get back less than they put in.
- This content of this page is intended as general information and shouldn't be viewed as a personal recommendation.
- There's also no guarantee that investment solution or funds will meet their objectives.
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Balancing investment styles
We launched Conviction in 2015 when we saw that many advisers were missing out on benefits of balancing active and passive styles of investing. Rather than make a decision one way or the other, they often defaulted to 50:50 in each. We built our solution to take that time-consuming decision out of the adviser’s hands - and into those of our dedicated investment management team
Strives for great investing value
It does this by aiming to capture returns while controlling costs
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Balance of investment approach
Active vs Passive determined monthly at asset class level
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Strategic asset allocation across 13 asset classes
Aims to maintain consistency of outcomes so you and your clients feel confident in the road ahead
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Available in 10 Risk Grades
10 risk grades allow you to make sure the portfolio mandate lines up with your clients’ attitudes to risk
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Established track record
Launched in 2015 to balance the best of both worlds in investing. You can read more about this in our latest Investment Quarterly below.
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Defaqto Diamond rated
Defaqto 5 Diamond rated for an independent assessment of excellent value and risk adjusted returns.
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Costs and charges
Our Conviction charges are simple and transparent. For our custody fee, when the total value of your client’s assets falls into a given band, they pay that charge for all their money, not just the proportion in that band.
Type | Charge |
---|---|
DFM charge | 0.24% |
Dealing charge (for fund switches and rebalance purchases) | 0.45% (≈0.05% p.a.)* |
Parmenion SIPP charge | £18+VAT per quarter |
*Assumes a 12% turnover rate - for guidance only, actual turnover may be more or less than this amount
Custody band† | Charge |
---|---|
£0 - £299,999.99 | 0.30% |
£300,000.00 - £599,999.99 | 0.25% |
£600,000.00 - £1,499,999.99 | 0.20% |
£1,500,000.00 + | 0.15% |
†A minimum monthly custody charge of £5 per client applies. Cliff edge structure.
Here’s what your client might pay
For a £100,000 non-SIPP portfolio in Risk Grade 5, and an OCF as of the 31st March 2024
Custody | DFM Charge | Dealing* | OCF | Total |
---|---|---|---|---|
0.30% | 0.24% | 0.05% | 0.32% | 0.91% |
*Assuming a 12% turnover rate - for guidance only, actual turnover may be more or less than this amount
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Market dynamics, the broader economic picture and cost are key factors influencing the active/passive split. With Conviction, we’ll steer the most effective course to achieving attractive client returns.
Jasper Thornton-Boelman
Investment Director
Speak to us and find out how we can help your business thrive.