Insights
Stonehage Fleming’s Long-term Approach to Family Wealth
Tristan Dolphin outlines how deep relationships and generational thinking are key to navigating market noise and preserving wealth
- Stonehage Fleming prioritises long-term investment outcomes by aligning with family objectives, focusing on capital preservation and growth.
- Deep, enduring relationships with clients and external managers are established through personalised service and understanding family histories building trust and resilience for times of volatility.
The Stonehage Fleming Investment Management approach is focused on achieving long-term investment outcomes for families, according to their objectives. Part of this is helping clients avoid taking short-term decisions based on short-term noise, explained Head of Sustainable Investments, Tristan Dolphin, on the third episode of the new Stonehage Fleming podcast: Family Future, Wisdom & Wealth.
“Most market participants are trying to make money in the next few weeks, months, even days, but that is not our approach,” he told host, Guy Hudson. “Our approach is to be more aligned with what our clients are trying to do. We are focused on capital preservation and growth over a very long period of time and not taking on an unnecessary level of risk in order to achieve that.”
How, asked Guy, does managing relationships over long time periods work in practical terms? It’s partly to do with the ability to focus on the small number of clients our investment professionals look after – on average about 12 – according to Tristan. “The more embedded we become in a family and the more we understand the history – not just the portfolio, but the evolution of the family, their thinking, their structures, how they are preparing the next generation – the better equipped we are to serve them in the long run.”
The long tenures of service within our investment teams is another feature that takes in long-term outcomes for client relationships.
The same goes for the long-term relationships the team nurtures with external managers, said Tristan. “We have multi-decade relationships with many of the investment managers that we partner with externally. Coupled with the very long-term relationships with our clients over generations you build up trust. It allows you to navigate those financial markets and difficult times when they come, but that trust also means that you can capitalise on investment opportunities, and be on the front foot when you need to.”
Disclaimer: This communication has been prepared for information only and is not intended for onward distribution. Opinions expressed here are as of the date of publication and subject to change without notice. Issued by Stonehage Fleming Investment Management Limited (SFIM). Authorised and regulated by the Financial Conduct Authority (194382)
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