Why use Argent?
Why should you opt for Argent's Fully Managed Service?
- The Fully Managed Service gives Argent the discretion to manage your portfolio strategically, in line with changing market circumstances, leading over time to enhanced investment performance;
- You will be provided with regular and timely performance reports;
- The Fully Managed Service provides a safer environment for the custody of your assets.
- Argent is able to reduce the annual management charges on your portfolio; and reduce initial charges (3-5% on most retail products) to zero in most cases!
In summary, the Fully Managed Service is a way of improving our service to you whilst reducing the external costs of fund management.
Argent has selected “Raymond James Investment Services” (RJIS) as the dealing platform for its Fully Managed Service.
How will the management of your portfolio become more efficient?
The Fully Managed Service is the key to this as it allows us to cut the current amount of regulatory work required. This does not affect your rights, but it does mean less paperwork! We will simply require a mandate from you to buy, sell and switch your investments within the parameters agreed in our investment strategy and according to the prevailing market circumstances.
The RJIS platform allows Argent to buy any Unit Trust or OEIC fund, shares, Investment Trusts and many other types of asset. We have selected this platform because of the extent of the range of funds available.
RJIS is independent of any investment provider and does not have any strategic ties with, or receive “soft” commissions from, any fund manager (see fee structure).
The Fully Managed Service allows us to invest at our discretion without the need for us to contact you first and, in some cases, request your signature on documents. This means we can act on a timely basis to moves in the market should a quick purchase or disinvestment be appropriate. When a deal is completed, you will receive a contract note to confirm any transaction that has been made on your behalf, within your portfolio.
Finally, the Fully Managed Service allows for rebalancing of your portfolio to ensure that your assets are always in line with the agreed asset allocation. This means that gains are “banked” on an on-going basis and re-distributed to protect the risk level to which your portfolio is exposed.
How does the Fully Managed Service make your portfolio safer?
Your investments will be held by a Custodian Company called Pershing Securities Ltd – affiliated to the Bank of New York - one of the largest and most reputable banks in the world. This is an A1 rated company (Standard & Poor’s) and is a stronger and safer “home” for your assets than you currently have.
Under the UK based Financial Services Compensation Scheme, you are insured up to a maximum value of £50,000 for loss of value due to irregularities. In addition to the existing FSCS coverage, Pershing also provides coverage in excess of FSCS limits for client assets through Lloyd’s of London. This excess account protection offers some of the highest levels of coverage that will be available in the industry. Pershing’s policy through Lloyd’s of London will protect all client assets in custody at Pershing Securities Limited (UK) and Pershing LLC (US), up to an overall aggregate level of $1 billion, of which $1.9 million may be for cash awaiting reinvestment in your account or investments held per investor holding account with Pershing.
Access to the value of your portfolio on line
You will be able to review the value of your investments, daily, on-line.
