An Introduction to Killik & Co

An introduction to

Save | Plan | Invest

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Why choose Killik & Co?

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Save | Plan | Invest

Why choose Killik & Co?

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Welcome to Killik & Co. On the 30th January 1989, in what was an old Pharmacy on Cadogan Street in Chelsea, we opened the doors of our first branch.

With nothing more than a handful

relationships and building talent from

of close friends and family to call

within. That way we can be sure not

our clients, we set out with a simple

only our staff, but that all of our clients

enduring belief: that we would make

also share our core values.

the benefits of investing available to all.

We hope that the following pages will Almost 30 years later and whilst much

offer you a little more information

has changed, we are proud that the

about what it is you can expect as

heart of our philosophy and practice

a client of Killik & Co, and look

has remained the same. We have been

forward to welcoming you into one of

voted Wealth Manager of the Year

our branches in the near future.

on a number of occasions by the readers of the Financial Times and Investors deliver

Chronicle, the

professional

highest and

proven

to

standards

of

impartial

Our very best,

advice

to our clients. As a business we have made a point of growing organically and with care, never looking to mergers or acquisitions as a quick source of

Paul Killik

growth, but instead cultivating our

SEO, Partner & Founder

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Redefining Wealth

Redefining What Wealth Means To You Wealth is a loaded word. At Killik & Co,

determine the life that you live

we do not believe that wealth is

tomorrow, makes our purpose clear:

measured by the size of your bank

to use our expertise to help you build

balance any more than it is by the

your Life Well Lived.

postcode you call home. Wealth, or rather what it means to be wealthy,

How do I make the most of what

is far better explained by its original

I have? When can I afford to scale back

meaning:

on work? Will I have sufficient funds to live the life I want? How do I protect

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Wealth mid-13c., from Middle

and pass on my wealth to my family?

English; ‘wele’ meaning “pattern

How can I best help my children and

of health” or “well-being”

grandchildren?

Each of us hold different views about

Wherever you are on your journey

what it means to be wealthy; about

or whatever the question keeping

what

desirable.

you up at night, we always begin by

Whilst money will forever play its

understanding what it is that you

part, we believe that it should be seen

wish to achieve and what wealth

as a facilitator, rather than simply

means to you. For every client the

the definition. Something that when

answer will be different and in our

managed carefully and built over

experience will evolve over time.

time, allows you to live the life you

We call upon our expertise to craft

want to lead: your Life Well Lived.

you a personalised plan that will

Understanding both this, and that the

evolve as your life does and help

financial choices you make today

make your ambitions a reality.

is

necessary

and

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Why Everyone Needs To Invest

Investing To Fuel Your Ambitions For those new to investing, see it as a

Compounding – which Albert Einstein

way to nurture your savings, to give

is said to have described as the eighth

what you have accumulated the best

wonder of the world.

opportunity to go further. Whatever your ambitions we always recommend

Consider compounding a potential

that you retain a ‘Rainy Day Fund’ –

exponential

a certain amount of savings in cash,

every pound that you save. Whilst

which you can draw upon in a moment

there can never be any guarantees,

of need. For anything that you are

think of it as the ability to earn interest

leaving for the long term, investing

on your interest, or when it comes to

becomes a critical tool to preserve or

investing – returns on your returns.

grow the value of what you have.

Thus the longer you are able to invest

multiplying

force

for

for, the longer your savings will have Data from the Barclays Equity Gilt

to grow.

Study has shown that taking a long term approach to investing in the stock

Over the course of a year the effects of

market has delivered a significant real

compounding might only be slight,

return over the last 116 years, at an

but over 30 years the difference

average of over 5% (above inflation).

becomes vast. Therefore investing

To use an example over a shorter

regular amounts can be far more

period, if you had invested £100 in the

effective than saving one big lump

UK stock market in 1978 and saved

sum and investing it in one fell swoop;

another £100 in a Building Society,

with the latter, all those pounds you

your

might

set aside on day one would miss

now read £1444 versus the Building

a year’s worth of interest. The same

Society at £158.

principle applies for reinvesting any

Investment

statement

dividends or income you might receive Whilst only a simple illustration, it highlights the potential of every pound and the importance of the principle of

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from any investments.

A deep understanding of the markets

likely to be. This is why we take a long

is

which

term approach to your investments

Killik & Co is built and remains

with us, and treat them as Lifetime

the lifeblood of our talented team.

Savings, unless you request otherwise.

Crafting a personalised investment

Even those approaching life after work

plan and portfolio that matches both

may easily have another 30 years ahead

your level of investment experience

of them and will still need to beat

and interest allows us to navigate

the effects of inflation. The graph

through these inevitable ups and

we have created below shows how

downs in the market, balancing any

dramatically the likelihood of making

risks with the potential rewards to

a gain becomes the longer you are

help meet your ambitions. Whilst the

invested, which lies at the heart of

very nature of investing means that

our

nothing is guaranteed, analysis (again

philosophy. Of course we cannot assume

from the Barclays Equity Gilt Study)

that what has happened historically

has shown that the longer you invest,

will be repeated.

the

foundation

upon

Lifetime

Savings

investment

the more consistent your returns are

Chance of Gains vs Chance of Losses Over Number Of Years Invested*

YE AR S I N VE ST E D

1 year 3 years 6 years 9 years 12 years 15 years 18 years -40%

-20%

0%

20%

40%

60%

80%

100%

POT E NT IAL GR OW T H R AT E Chance of Gains

Chance of Losses

* Data from the Barclays Equity Price Index.

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Why Choose Killik & Co?

An Investment Approach That Sets Us Apart

In our pursuit of providing the best service to our clients, being unbiased and maintaining complete integrity will forever lie at the heart of how we work.

Being

independently-owned,

we

are

truly

unbiased

in

our

outlook:

with no external parent, public shareholders or hidden conflicts of interest, our focus is solely to serve our clients.

We think long term; we are not traders or short-term thinkers. We recognise that a global economy demands a global approach and reflect this in the advice and management we offer.

We know that successful investment relies on great insight and we have a pragmatic focus on turning these insights into competitive returns, combined with exceptional customer service.

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“We always overestimate the change

experience instills an old fashioned

that will occur in the next two years

sense of what represents good value

and underestimate the change that

and strengthens us from getting swept

will occur in the next ten. Don’t let

up in any potential herd behaviour.

yourself be lulled into inaction.”

We value clarity, sustainability of

– Bill Gates

process and hard headed realism in equal measure.

Investment expertise is the foundation upon which our business is built.

Given the inherently volatile nature

For anyone new to investing, we look

of investing, that will carry a risk to

beyond reporting figures alone and

your capital, our long term approach

liken it to a lens through which to view

aims to deliver market-leading returns

the world. Everyone is an investor,

that make the most of the highs, whilst

whether consciously or not; the brands

diversifying appropriately to cushion

you buy and the businesses that you

any inevitable lows.

choose to interact with are all indicators “If you are not willing to own a stock

of how you view the world.

for ten years, don’t even think about Appreciating

this,

our

meticulous

owning it for ten minutes.”

and independent research takes a long

– Warren Buffett

term, global and thematic approach to

investing;

deeper

By taking these important themes

understanding of exactly why and how

of tomorrow and combining them

the world is changing. Understanding

with selections that help manage

these insights allow us to identify the

unpredictable market forces, we are

businesses and sectors that are most

able to construct a well-diversified,

likely to be impacted by change in the

genuinely

long term and ensure that our clients

remains in line with your objectives

capitalise

at all times.

on

gaining

this.

Our

a

collective

global

portfolio,

which

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Building The Right Approach For You

Building The Right Approach For You As an independently-owned investment

allows us to better understand what

house our ambition remains exactly

you want to achieve and helps us

the same as it was when we opened

identify how to get you there. This is

the doors of our first branch in 1989:

critical to the level of service we offer.

to serve our clients.

2. How would you like to work with us?

Whether you are a seasoned investor or new to the markets, we remain committed

to

professional

delivering

service

and

you

a

personal

relationship that matches your style, experience and ambitions.

In answering this, whatever your level of experience, you will need to decide whether you wish us to act as your Adviser, and you remain the ultimate decision maker on your account, or give us the discretion to manage

Everything begins with you, those closest to you and two questions: 1. What is it that you wish to achieve?

your investments on your behalf.

Combining our personal understanding of you and your circumstances with how you want to work together, enables

Often what we think we are looking

us to construct a plan and portfolio

for and what we actually need can

that is aligned to helping you achieve

differ, so our approach is to start

the life you want to lead: your Life

with the end in mind. Just as you

Well Lived.

would when visiting a Doctor, we take the time to ask the right questions, so

What follows is a blueprint for action

that you can most benefit from our

and an indication about which one of

expertise. Whether it is about you and

our investment services might best

your family, your wider personal and

suit your needs. You can read about

financial

them on the following pages.

circumstances,

or

your

attitude to investing, asking questions

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Our Services

Portfolio Management Service

For those beginning to build their

fund universe, they uphold a very strict

portfolio, or those looking to take

screening, selection and monitoring

a

approach,

process. This approach goes further

our Portfolio Management Service

broader

fund-based

than financial analytics alone to look

invests in a broad range of funds

for Fund Managers that are well placed

designed to optimise potential returns

to deliver attractive long-term returns

for investors whilst diversifying to

relative to the amount of risk that they

manage and reduce risk. Led by our

take. Beyond traditional analysis, our

in-house experts, you can be assured

research

of a meticulously-managed, diversified

understanding of the management of

portfolio that selects from the best

each fund, their investment style and

hand-picked funds in the market place,

strategy, remuneration and incentive

and incorporates some of the world’s

structure, in addition to the details of

leading asset managers.

the underlying portfolio. We closely

process

ensures

a

deep

monitor and maintain ongoing contact UNCONFLICTED |

Run to meet your

with the fund managers, ensuring any

independent

changes to management or indications

in-house Fund Analysts, the important

of a change in style can be quickly

distinction when comparing this to

identified

other Multi-Manager-style offer is that

necessary. We regularly host leading

we have no conflicts of interest - our

managers

expert team is not tied to any in-house

a selection of which you can watch here:

services or funds. Therefore they are

www.killik.com/meet-the-manager.

objectives

by

our

and at

addressed

our

Mayfair

where Branch,

free to choose what they believe to be the very best opportunities in the market.

TRANSPARENCY

|

Our

genuinely

bespoke approach means that you can RESPONSIBLE

INVESTMENT

|

Our

be assured of complete transparency

portfolios also allow investors to take

over

the

types

and

number

of

account of the impact of governance

investments in your portfolio, which

and the environmental and social

also enables us to accommodate any

influence of their investments, as well

areas that you may wish to avoid.

as their potential risk and return.

In that spirit we are able to adopt a pre-defined ethical and responsible

RIGOUR

|

Because

the

team

are

unlimited in their scope and are able to access investments from the entire

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investment approach for those who would prefer it.

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Our Services

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Managed Investment Service For clients looking to take a more

TRANSPARENCY

focused

This

|

bespoke

Managed

approach enables us to have oversight

Investment Service delivers a unique

of each moving part, allowing us

portfolio that makes the most of

to

both our unbiased outlook and the

preferences in the mix. You can be

specialist expertise of our in-house

assured of complete transparency over

Analysts. Combining our breadth of

the types and number of investments

experience and depth of knowledge,

within your portfolio and the way in

this service allows us to create a

which we believe that they will interact

strategy to meet your ambitions,

as a group through different market

whatever the investment climate. This

conditions and scenarios. It will be

service is built around you, blending

continuously monitored and regularly

the most appropriate selection of direct

reviewed, and you will always be

equities, bonds and funds, to pursue the

informed of the reasoning behind

returns you require in a sustainable way.

each decision made via our App and

approach,

our

accommodate

your

individual

Client Portal.

BUILT

AROUND

YOU |

There is no One of the most

one size fits all approach and with

UNCONFLICTED

this service you receive an entirely

important differences about working

personal investment strategy that can

with Killik & Co is an ongoing

adapt and evolve as you need it to.

commitment

Led by your dedicated Investment

unbiased

Manager,

the

steering clear of running our own

most appropriate asset classes and

unitised investment funds or corporate

tax-efficient allocation to meet your

finance departments, ensuring no

needs. This will include drawing

conflicts of interest. This objective

upon different specialists from across

outlook combined with our expertise,

our in-house teams, who will be

allows you to be confident in both the

entrusted to run dedicated sections of

knowledge of their subject area and

your portfolio in their specific areas

their total impartiality in selecting the

of expertise.

very best investments across the globe.

they

will

identify

|

to

outlook

maintaining and

our

execution,

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Our Services

Advised Investment Service For anyone looking for a partner,

investment in meeting your objectives.

a peer with whom you can discuss

This includes annual portfolio reviews.

your portfolio, we remain one of the

Each time advice is sought you will

last investment houses committed

receive

to offering real investment advice.

the advice that was given and what

This allows you to remain in complete

was agreed.

a

summary

that

outlines

control over all decisions made on your

portfolio,

from

our

dealing

whilst

benefiting

award-winning and

custody

INSIGHT AND EXPERTISE |

In addition

advice,

to the advice of your dedicated

services.

Investment Manager, you are able

It is not just for seasoned investors

to make the most of our in-house

and is perfect for anyone looking

research. Via email, our App and

to gain experience and confidence

Client Portal you have complete access

in managing their own portfolio,

to our investment research, which is

aided by your dedicated Adviser.

frequently referred to in the national press and includes our ‘Daily Note’.

Founded in 1989 as an

Many of our Advised clients also

Advisory Stockbroker, our heritage

refer to our educational video series

and

our

‘Killik Explains’, which covers a broad

knowledge of the stock market and

range of topical investment issues,

our ability to help our clients build

alongside our weekly summary of the

the right investment strategies. We

markets: ‘Market Update’.

ACCESS |

expertise

stems

from

offer superior and efficient market access across all asset classes and are

With our commitment to advisory

also able to offer our services in

clients, we also offer a traditional

a number of major foreign currencies.

Stockbroking Service that provides

advice on a single stock basis only.

In order to

Because this service does not cover

provide appropriate advice we are

advice on portfolio construction or tax

required to keep abreast of your

efficient allocations, it requires clients

experience

your

to be confident in managing their own

wider circumstances and portfolio.

portfolio. As such it is only available

We will work in partnership with you

to market professionals or those who

to advise you on the construction of

have a high level of prior experience.

IMPARTIAL COUNSEL |

and

knowledge,

your investments and the role of each

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Our People

The People To Help You Get There As a client of Killik & Co you will be

and ensuring that your evolving

looked after by a dedicated member of

requirements

our team; a source of trusted counsel,

appropriately.

are

accommodated

one

of

who truly understands your personal circumstances and is there to support

We

remain

the

last

you as your requirements change and

independently-owned Partnerships in

evolve over the years.

our space, which allows us to retain an unbiased outlook and management

Depending

individual

style that keeps us solely aligned to the

preferences, their focus will either

interests of our clients: the people

offer holistic financial planning or

who

market

business. We have focused on growing

and

on

your

investment

expertise.

the

care,

the

right strategy in place for your needs,

looking to acquisition as a source of

that you are making the most of your

growth. That way we are able to ensure

position and that you remain on track.

that every member of staff shares

They will also connect you with any

our philosophy and values. With an

additional services you require along

average tenure of 14 years across

the way, some of which are outlined

our Partners you can be assured of

on page 22.

consistency over the long-term.

any changes to your circumstances,

with

run

organically

reviews of where you are, identifying

and

business

They will ensure that you have the

You can expect regular contact and

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own

never

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Why Choose Killik & Co?

A Summary Of Services To Support Your Financial Life Alongside our investment and financial planning expertise, we offer a full suite of complementary services. This way we are able to offer you the correct guidance and counsel, whatever the question.

Specialist Wealth Planning Whether you require a thorough Financial Plan or you wish to look into a specific issue such as Inheritance Tax, Estate Planning, or a Defined Benefit Pension Scheme, you can engage our Wealth Planners to undertake advice on an individual or a recurring basis, according to your priorities and requirements.

Trust Services Our Trusts team have decades of experience in dealing with Trusts and their associated complexities. They are able to offer assistance and advice throughout the set up as well as the ongoing administration of various types of Trusts such as discretionary, charitable and bare.

Tax Services Whilst we are not specialist tax advisers, our Wealth Planners can provide advice on how to make the most of the tax efficient options available to you.

We also offer a highly competitive Personal Taxation service, that was specifically set up with our investing clients in mind. Able to access information directly from your dedicated point of contact, it covers everything from reviewing personal tax affairs to the preparation, completion and submission of annual tax returns and repayment forms.

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Lasting Power of Attorney The Killik & Co Power of Attorney Service offers a simple way to make a Lasting Power of Attorney (LPA), with assistance and advice provided every step of the way.

Wills and Estate Planning Whilst not something many of us like to consider, writing a Will is the only way to be certain that your wishes regarding your estate are followed in the event of your death. The Killik & Co Will Writing Service offers a simple, empathetic way to make a Will. Our Wealth Planning Team are also able to undertake specific reviews to ensure that all aspects of your estate are covered and will often work alongside our Will Writers to see this through to completion.

Family Office As the Killik & Co core services look after your financial life, the Family Office works with both individuals and families to facilitate the other aspects of everyday living. Acting as trusted advisors, the team offers a truly uncompromised and individual lifestyle management service that spans banking, property, insurance, Private Equity, art, aviation, collectables, education and philanthropic interests.

Currency Service The Killik & Co Currency Service provides access to highly competitive exchange rates when transferring money to, or from, overseas bank accounts as well as helping you mitigate currency risk.

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What To Expect As A Client

Dedicated Team

Specialist Advice

Independent Research

contact

Alongside your dedicated team, the

Our Mayfair branch is also home

within the firm will be either a Wealth

wider Killik & Co partnership holds

to our talented team of Investment

Planner or an Investment Manager,

a wealth of complementary areas of

Analysts who cover equities, managed

depending on your circumstances.

expertise, from specialist investment

fixed income and funds. They provide

They will provide the day-to-day

services and Wealth Planners to Wills,

additional insight and expertise to

management of your account, as well

Tax and Trusts. This ensures that we are

all of our Investment Managers and

as conducting regular reviews to ensure

able to offer you the correct guidance

clients

it remains in line with your objectives.

and counsel, whatever the question.

in the press. An impartial research

Your

dedicated

point

of

and

are

regularly

quoted

team means that as a firm we aren’t limited to simply investing in to in-house funds, or third party research, and instead are able to dedicate time to investigating the broader themes unfolding in the world and ensuring that our clients can benefit first hand from this insight.

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Insights

Client Portal and App

Learning

Our dedicated Research team publish

Keeping you up to date about your

Our series of video and audio podcasts

updates to their independent analysis

account and activity is critical to our

‘Killik Explains’ marks our ongoing

daily, which is available to every client

service, which we tailor around you.

commitment to ensuring that everyone

to receive as a ‘Daily Note’ or can be

One of the first investment houses

interested in developing their financial

found within our Client Portal. For

to launch an app, our client portal

knowledge, whether a first time saver,

clients preferring a more condensed

is available on desktop, Apple and

or a sophisticated investor, has access

synopsis, a weekly research summary

Android, providing you with around

to a library of unbiased and easily

is available via our weekly update

the clock access to your account.

digestible information, freely available

and our ‘Market Update’ video. Our

Pricing and valuations are available

on

Analysts also offer monthly market

across all of your accounts, as well as

Whatever your level of interest or

reflections and ad-hoc commentary

copies of all statements and research

preferred method of learning, we hope

on pertinent world issues as they arise.

notes, whist duplicates of all reports

that you will find our content to be

issued to you are available 24 hours

both engaging and enlightening.

our

website

killik.com/learn.

a day, 7 days a week. For families with more than one account with us you will be able to view all of these in one, easily navigated place.

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Getting In Touch We are exceedingly proud of our branch network. If you live in London we have several branches to choose from; one might be easier for work, whilst the other is closer to your home, so we would ask you to contact whichever branch you feel would be most convenient for you. Open from 8am – 5:30pm, there is no need to make an appointment and we would be delighted to welcome you.

If, however, you would prefer to arrange a time to meet, would like some further information, or would just prefer to talk, then please do not hesitate to call our new client line and a member of our team will help direct you to the right place on 020 7337 0777.

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Head Office

Branches

Mayfair

Chelsea

Chiswick

46 Grosvenor Street

45 Cadogan Street

23 Chiswick High Road

London, W1K 3HN

London, SW3 2QJ

London, W4 2ND

Tel: 020 7337 0777

Tel: 020 7337 0590

Tel: 020 8090 3303

info@killik.com

chelsea@killik.com

chiswick@killik.com

Richmond

City

2 Paradise Road

20 King Street

Surrey, TW9 1SE

London, EC2V 8EG

Tel: 020 8948 7337

Tel: 020 7600 9990

richmond@killik.com

city@killik.com

Clapham

Esher

Hampstead

125 Northcote Road

9 Esher High Street

2a Downshire Hill

London, SW11 6PS

Surrey, KT10 9RL

London, NW3 1NR

Tel: 020 7337 0777

Tel: 01372 464 877

Tel: 020 7794 3006

clapham@killik.com

esher@killik.com

hampstead@killik.com

Kensington 281 Kensington High Street London, W8 6NA Tel: 020 7603 3618 kensington@killik.com

Killik & Co is the trading name of Killik & CO LLP, a limited liability partnership, authorised and regulated by the Financial Conduct Authority and a member of the London Stock Exchange. Registered England and Wales OC325132.

Registered office: 46 Grosvenor Street, London, W1K 3HN. A list of Partners is available on request.

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Why choose Killik & Co?

Save | Plan | Invest

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