Professional Advisers




The Trustee Act 2000 introduced a statutory duty of care upon trustees when exercising their powers of investment.

In particular, trustees must seek special knowledge and experience. Money Wise can help trustees fulfill their obligations under the Act. Changes in taxation may mean that the trust’s existing investments are less attractive than they once were or, in some cases, even inappropriate. Trustees often need professional advice on a wide range of issues not just investment strategies.  For example taxation, risk and reward, ongoing legal obligations and responsibilities, whether that be on behalf of a charity, family settlement or pension scheme.

The Act states trustees must exercise a “duty of care” to:

1. Invest as if they are absolutely entitled to the assets
2. Ensure the suitability of the investment vehicles
3. Consider the tax efficiency
4. Ensure investments are sufficiently diversified
5. Consider the size and risk profile of the trust
6. Obtain appropriate investment advice
7. Regularly review the trust investments

At the core of the Model Wise investment proposition we offer 5 risk adjusted ‘Model Portfolios’ managed by Parallel Investment Management. These provide a means of accessing professional portfolio management at a lower cost than most discretionary investment management. Each portfolio has a different investment objective and risk profile.

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If you would like to discuss your situation or requirements with one of our financial advisers please contact your nearest office:

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020 7065 2740
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