This document is intended to explain some of the terms which are associated with the services we provide.

A review of the market by James Brearley & Sons

A review of the market by James Brearley & Sons

A review of the market by James Brearley & Sons

A review of the market by James Brearley & Sons

Specifically designed for clients who specify a Medium Risk mandate and who place an equal emphasis on achieving long term growth in their capital and income. The portfolio will typically hold no more than 20% to 35% in lower risk investments and no more than 15% in higher risk investments.

Specifically designed for clients who specify a Medium Risk mandate but who place greater emphasis on income rather than long term capital growth. The portfolio will typically hold between 30% to 45% in lower risk investments and will not hold more than 15% in higher risk investments.

Specifically designed for clients who specify a Lower Risk mandate. The portfolio will maintain at least a 60% exposure to lower risk investments and will not hold more than 15% in higher risk investments.

Specifically designed for clients who specify a Lower Risk mandate. The portfolio will maintain at least a 40% exposure to lower risk investments and will not hold more than 15% in higher risk investments.

Specifically designed for clients who specify either a Medium or Higher Risk mandate and who seek capital growth from their portfolio. The portfolio will typically hold no more than 20% in lower risk investments and is unlikely to hold more than 15% in higher risk investments.

Specifically designed to produce an annual income of 4%. In seeking to achieve this the portfolio will consist of a broad range of different income producing investments some of which will also have the potential to deliver capital growth over the medium to long term. The portfolio will typically hold between 35% to 50% in lower risk investments and will not hold more than 15% in higher risk investments.

Specifically designed to deliver a total return greater than the FTSE All Share Index. The portfolio represents the Buy rated stocks on our Research List with sector and stock weightings determined by our Equity Committee. Only stocks listed in the FTSE 100 Index or FTSE 250 Index qualify for inclusion in the portfolio.

The Structured Product Portfolio has been put together for those clients aiming to achieve capital growth over the medium to long term from a managed portfolio concentrating solely on listed structured products. To achieve this the portfolio will hold products that are sensitive to movements in the global stock markets to which they are linked.

The High Yield Equity Portfolio is a direct equity strategy designed to deliver an income of at least 1.2 times the yield of BATS UK All Companies Index. The portfolio will comprise of circa 25 buy rated stocks from our research list, with a focus on delivering an above average yield. A greater emphasis will be placed on the sustainability of the dividend payments and the potential for companies to adopt and maintain a progressive dividend policy.