What kind of reporting will be provided?

Full administration of your investment portfolio (including automatic portfolio changes when changes are made by the Model Managers). Comprehensive online reporting with complete portfolio transparency of the underlying investments in your portfolio. Retaining beneficial ownership of the investments in your portfolio.

What is a ‘High-Water Mark’?

The performance fee is subject to a “high water mark” which is your initial investment to begin with, and then increases when any outperformance fee is paid – eg if your portfolio outperforms the benchmark by 2% and a 0.2% outperformance fee (10% of the 2%) is paid on that, the high watermark will adjust…