We continually question, analyse and review. Our financial advisers use high quality investment research from different sources. All fees are fully disclosed and tax deductible to the investor. Alison and Richard have a combined experience in financial advising of over 55 years. We have experienced the highs and lows in the investment markets.
The fees are clearly explained and very transparent. They are in the Secondary Disclosure Statement which is available upon request free of charge and without obligation
Yes. Please refer to Investment Portfolio Second Opinion
Yes. Your investments are held in an independent custodial company, independent of Lyfords and only you can withdraw funds from your private investment account.
Please note that the capital value of your investment portfolio will fluctuate with market movements.
We start by accessing your attitudes and tolerance to investment risk and return using a psychometric risk profiling tool and matching your income and investment objectives.
Yes. We use research from a variety of resources. Morningstar research (an internationally recognised research company) enables us to access research on more than 46,000 investment products. For asset allocation we have chosen to use 'Farrelly's research', an Australian company specialising in robust, proactive asset allocation modelling and the Occam's razor approach.
No. We also recommend direct bonds and shares. Managed funds allow great diversification both from underlying investments and sub asset sectors.
There is a place for indexed funds like Vanguard and i-shares but financial markets are volatile. Using a good active fund manager is a better option than simply using an index tracking fund.There has been much debate that by using an active fund manager you end up paying higher management fees than you would with an index tracking fund resulting in below market returns, however, these studies were done in the mid to late 1990's, in the middle of a bull market. It is our opinion that these studies do not apply in today's environment and that a good active fund manager can add to returns in excess of the general market return. In technical jargon a good manager will add "alpha" over the market "beta" return.
Yes. You will be given access to a secure 128 bit encrypted web site where you can see how your investments are going. You can view your investment portfolio at any time.
The underlying investments selected are reviewed quarterly. Your investment portfolio is reviewed six monthly with an annual face-to-face meeting, or if you prefer, a telephone call. We also may review your risk/return profile and investments goals at this annual review to check that you are on track.
No. While our premises are in Lower Hutt we visit clients in the North and South Islands several times a year. We communicate regularly with our clients by phone and email. We also have New Zealand clients who are currently living overseas.
Our clients find distance is not an issue especially with email and being able to view their investments at any time directly via a secure web site. Any portfolio changes are agreed before they are implemented via email.
We use research, mainly from Morningstar research, to filter more than 46,000 investment options available in the Australasian markets to give a recommended list of between 45-60 investment funds. The Investments selected are reviewed quarterly. Where available we use mainly wholesale fund managers utilising lower fee structures. If retail investment funds are used all commissions and brokerages are rebated back to the client's cash account.
Occam's razor is a logical principle attributed to the medieval philosopher and English Franciscan friar William of Occam (or Ockham, 1287-1347). The principle states that one should not make more assumptions than the minimum needed. It underlies all scientific modelling and theory building. In other words, often when there are several options available, the simplest option is often the best.In any given model, Occam's razor helps us to "shave off" those concepts, variables or constructs that are not really needed to explain the phenomenon. By doing that, developing the model will become much easier, and there is less chance of introducing inconsistencies, ambiguities and redundancies.
We believe there are 7 key questions you should ask your any financial adviser.
Please refer to the Seven Questions to ask an Investment Adviser