Corporate overview

For clients

Professional investment partners

About Thesis

History

Thesis Asset Management plc (Thesis) is a public limited company originally established in 1974 by law firm Thomas Eggar (now part of Irwin Mitchell). Thesis was created to offer asset management services to clients of the law firm, although it operates entirely independently now and serves a much wider range of clients.

Many clients today are introduced to us through referrals from financial advisers, accountants and lawyers, and we welcome this chance to work in partnership with other professional firms.

What we do

Thesis manages investments for different types of client, from private individuals to charities, pension funds and trusts. We use a central investment process and our own research and analysis to inform the decisions of our investment managers. We aim to deliver a consistent, steady return for our clients, whether they are looking for growth or income, or a mixture of both.

We pride ourselves on our professional relationships and high standards of client service.

Company strength, client comfort

Thesis is authorised and regulated by the Financial Conduct Authority (FCA). We are permitted by the FCA to hold client money because we have appropriate procedures and controls in place to safeguard it. Client money is ring-fenced in our nominee companies, which are non-trading companies set up to ensure complete segregation of client money from our own assets. Our company accounts are independently audited every year, currently by appointed accountants KPMG.

The Thesis group includes a number of regulated firms.■ Thesis Asset Management plc■ Thesis Unit Trust Management Ltd■ Pallant Independent Ltd

People

Our clients’ portfolios are managed by 16 investment managers, supported by assistant managers, research and analytics, administration and dealing teams. Some of our investment managers have been with Thesis for many years, and clients benefit from their valuable experience of investing through a wide variety of economic and market conditions. Across the business we aim to recruit from the investment, wealth management and banking industries, bringing new ideas, expertise and talent to strengthen our team.

Experts in our field

David Tyerman, BSc (Hons), MBA (Fin) Managing Director David is the Managing Director of Thesis and has been with the company since 1996. David has over 25 years’ investment experience. He graduated from Cardiff University and City

University Business School, and trained at Societe Generale Strauss Turnbull.

Matthew Hoggarth, CFA, Chartered Fellow of CISIResponsible for investment analysis and asset allocationMatt studied natural sciences at Cambridge University and international relations at the Diplomatic Academy of

Vienna. He joined Thesis in 2000, developing the firm’s data analytics and information architecture. In 2011 he took charge of the Chichester research team focusing on asset allocation and direct equity and bond selection.

Steven Richards, BSc (Hons), MCSI, Chartered Wealth ManagerResponsible for fund blending and model constructionSteven manages the Optima fund range and heads the Pooled Vehicles Selection Committee and sits on the Asset

Allocation Committee. Steven also works on a number of private office funds and group pension mandates, and as an associate director is involved with strategic business management issues. Steven started working in investment in 1993.

Thesis group

Thesis Asset Management

£380,000Average private

client portfolio size

7

model portfolios

Number of private client discretionary

portfolios

2893

£12.1bn

assets managed and

advised by group

115

Number of staff

Established

of staff have worked here for

over 10 years

size of charity portfolios we manage

£20,000– £22,000,0002005

launch of our collective funds range

Thesis in numbers (as at 30/11/16)

qualified investment managers

16

Investment philosophy

We think that successful investment management should accommodate different investor objectives and different levels of tolerance for risk. Our seven model portfolios enable us to accommodate a broad range of investors, and we aim to reduce risk in portfolios wherever we can while still targeting their investment objectives. In our view:

■ asset allocation drives investment returns

■ a diversified portfolio holding a range of asset classes provides superior risk adjusted returns over the long term

We believe that the model-based approach to asset allocation offers a disciplined and compliant process to managing client assets fairly across the firm.

You can find out more by reading our investment process brochures or visiting our website www.thesis-plc.com.

Investment approach

We have identified seven levels of attitude to investment risk from a low/moderate tolerance to a relatively high tolerance. We apply our investment process to produce model portfolios that most closely represent the seven different attitudes to risk. We use these models as the basis for constructing portfolios on behalf of the vast majority of our clients.

Third party recognition

Seven risk mandates: illustrative portfolios

■ Equity ■ Alternative assets ■ Fixed income ■ Cash

1 of 7 2 of 7 3 of 7 4 of 7 5 of 7 6 of 7 7 of 7

Exp

ect

ed

ret

urn

Expected risk

Investment process

Our centralised investment approach enables us to apply the same principles consistently across the business, resulting in a disciplined and scalable process. Although managed using a consistent process, investment portfolios may contain very different holdings to meet the objectives

of different investors. All portfolios are subject to rigorous oversight and monitoring to ensure that they hold an appropriate mix of assets to keep them aligned with their mandate and comply with relevant rules and regulations.

Portfolio creation and oversight

Portfolio monitoring and rebalancing, pricing and valuations, client service and reporting

Bespoke investment portfolios

Optima funds

Adviser centralised investment propositions

Risk rated models

Research and selection

Asset allocation

Model portfolios (collectives,

passives, securities)

Issued by Thesis Asset Management plc. Head office: Exchange Building, St John’s Street, Chichester PO19 1UP. Authorised and regulated by the Financial Conduct Authority. The value of an investment and the income from it can fall as well as rise, and investors may not receive back the amount they invest. Past performance is not a guide to the future. January 2017. TAM1701_33

www.thesis-plc.com

Head OfficeExchange Building, St John’s Street, Chichester PO19 1UP Tel: 01243 531 234

Brighton: 01273 728 188

Guildford: 01483 304 183 Lymington: 01590 613 580