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Kirk Rice Model Portfolio Programme

Kirk Rice Model Portfolio Programme

Keeping on top of your pensions, savings and investments is a full-time job. It requires regular reviews and realignment of your investment portfolio to suit life’s changing needs.

Using Kirk Rice’s investment specialists means that your money is always actively managed. We get your assets working hard for you, while making sure that your attitude to risk is met at all times. Only through extensive research can the most suitable mix of assets and investment products be found. And all of these things play a significant role in meeting your investment goals.

The Model Portfolios can be held within all investment products, including pensions and Individual Savings Account (ISAs).

We have always suggested investors need to be in the portfolios for the long term, being more than 5 years to get the best outcome.

However, with interest rates rising we know clients are more likely to compare performance to their cash savings rates and look at the shorter-term results (under 5 years) of the portfolio

Our performance benchmarks and our investment strategy reflect the need to be mindful of the shorter-term outlook.

How do we decide if the Model Portfolio is suitable?

A Kirk Rice Financial Planner is responsible for determining if any of the Model Portfolios are suitable to meet an investor’s objectives.

Before meeting a Kirk Rice Financial Planner, investors will provide information about their personal circumstances and complete an Investor Profile Questionnaire. The Planner will discuss the preferences shown; the circumstances; specific objectives and will explain the Model Portfolio Service if it is potentially suitable.

It is common for investors to have different investment objectives for parts of their money and this may be best served by having more than one Model Portfolio Risk Score or alongside another Investment Product. For example, investing for the long-term (like planning for retirement in 15 years’ time) may adopt a higher risk than money needed in 7 years’ time when a lower risk and more certainty is more appropriate.

An investor’s tolerance and ability to withstand periods of negative returns will vary during their lifetime and for different objectives. On nearing retirement, protecting values in the short-term may become a higher priority.

At any time, investors in the Model Portfolio Service can reduce or increase the investment risk level of any part of their investment portfolio, subject to review by a Financial Planner. Other investment products may need be considered more suitable.

Responsibilities

Kirk Rice is responsible for making recommendations, the regular reviews of suitability and has a direct relationship with each investor client.

The investment funds in each client portfolio are held by the Quilter Platform on behalf of the investor. The execution of trades is also Quilter’s responsibility. They match sell and buy positions wherever possible to minimise trading costs and impact on investors. Quilter do not provide advice to clients, but will carry out transactional and administrative instructions taken directly from clients or their advisers.

The individual funds in each portfolio are all regulated investments.

All parties to the Model Portfolio service are regulated by the Financial Conduct Authority (FCA). Investor clients are defined as Retail Clients by the FCA and benefit from the highest protection of their interests. This includes being able to use the Financial Services Compensation Scheme in the event of a failure of a firm causing monetary loss and the Financial Ombudsman Service in the event of unsatisfactory complaint handling.

Model Portfolio Investor Review

At least once a year investors are invited to a review meeting with a Kirk Rice Financial Planner or sent a Valuation Report.

The purpose of this is to ensure that the Service remains suitable and make changes where necessary due to any changes to circumstances. For example: if an unexpected expenditure has become necessary the Planner will consider how best to meet that from the Model Portfolio and/or other investment products held.

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What are the costs?

Our service is tailored to suit each person and we recognise different circumstances, experience and knowledge can mean the time and steps needed to reach a decision will vary.

The first meeting is without cost and obligation. It is an opportunity for us to have a full understanding of your objectives and concerns. You will be invited to complete the Investor Profile Questionnaire and provide personal information before the meeting through our online Personal Financial Portal.

At the end of the meeting we provide a fee quote for the work required. We will not provide any advice or carry out any work without your agreement to the fee.

There are 2 elements to our Financial Planner fee:

  1. Initial Advice Fee – the meetings, research, planning and recommendation.
  2. Ongoing Advice Service Fee – for the management of the Model Portfolio Service and the annual client review meetings. The Model Portfolio Service as described is only available with an Ongoing Advice Service charge.

Please see our Guide to Investment Services and Costs for examples of Initial and Ongoing fees.

All costs are fully disclosed in the personal recommendation from a Kirk Rice Financial Planner.

Kirk Rice LLP is authorised and regulated by the Financial Conduct Authority (www.fca.org.uk/register). FCA Registration No: 531538.

Kirk Rice LLP is a limited liability partnership registered in England & Wales (Registered Number: OC354936) and having its registered office at The Courtyard, High Street, Ascot, Berkshire, SL5 7HP.