investment service speaker - marcel parrett investing in australia with confidence...
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Investment Service
Speaker - Marcel Parrett
Investing in Australia with confidence
marcel.parrett@fitz.com.au+61 2 8090 1010
Agenda
Marcel Parrett & Fitzpatricks
Why is Fitzpatricks here
What services does Fitzpatricks provide
Disclaimer
This information is prepared by Fitzpatricks Dealer Group ABN 33 093 667 595 AFSL No. 247 429. The information in this publication is of a general nature only. All information has been prepared without taking into account your objectives, financial situation or needs. Because of this, we recommend you consider, with or without the assistance of a financial adviser, whether the information is appropriate for you.
Past performance is not a reliable indicator of future performance. When we speak of our investment objectives, particularly for performance, it is very important to understand that these are not forecasts, promises or guarantees. They are simply our goals. The performance or success of an investment through our MDA is not guaranteed. You can lose as well as make money.
Performance figures relate to each model portfolio designed by Fitzpatricks Dealer Group (‘Fitzpatricks’) with investment management implemented by one or more underlying investment manager selected from time to time and monitored by Fitzpatricks. Underlying investment managers and the details of each model portfolio have changed in the past and may change in the future and you should keep this fluidity in mind when considering figures. Investment manager history is available free of charge on request.
Actual performance will differ among clients depending on the timing of their investment and the level of variation from the models. Figures are post Portfolio Management fees and expenses of Fitzpatricks and underlying managers. They do not take into account inflation or tax or adviser fees and assume reinvestment of distributions.
Marcel Parrett
Principal of Fitzpatricks Sydney Pty Ltd
Certified Financial Planner
Over 23 years of experience in providing financial advice to high and ultra high net worth individuals and family groups
Fitzpatricks Private Wealth AFSL 247429
Founded in 2002 by John Woodley and Scott Fitzpatricks - both financial advisors and directors National advisory firm with 45 advisersAustralian privately owned and operated professional services firmOver AUD $2 billion funds under adviceFitzpatricks’ board of directors help guide our business
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Chris Cuffe
• 25 Years wealth management experience• Chairman UniSuper - $40 billion super fund• Founder of Australian Philanthropic Services• Director & Founder of Third Link Investment
Managers , WAM Active and Arkx Investment Management
• Preciously CEO Colonial First State Investment and challenger Financial Group
• Received Australian Fund Mangers Hall of Fame Award
• BCom, CA
Board of directors – impeccable reputations
John Woodley
• 20 years of experience in wealth management• Chief Executive Officer – Fitzpatricks Private
Wealth• Director Fitzpatricks Group since 2000- 2011• Chief Executive Officer – Halliday Financial
Management 1996 – 2000• Certified Financial Planner
Scott Fitzpatrick
• 25 years financial services experience• Founder and NED – Fitzpatricks Group• Recognized industry trainer for advisers to
HNW & Family Office Clients• Certified Financial Planner
Alex Hone
• 15 years wealth management experience • Chief Executive Officer – Atrium Investment
Management • Portfolio Manager, Magellan Asset
Management 2006 – 2009• CP2, Schroders and NAB• Masters Applied Finance,BA
John McMurdo
• Group Managing Director Fitzpatricks since 2011
• 25 years financial services experience• Chief Executive Officer Centric Wealth 2010-
2011• Managing Director Hillross Financial Services
2006-2010• Member of FPA Board Professionalism and
Policy Committee • Extensive Financial Services Directorships• MBA
Fitzpatricks: What we do?
Two key parts to our business: 1. Financial advice service
ComplexBroad range of issuesOutcome focused
2. Investment service – Risk Target Approach
We work with a view
that relationships are long
term
We cover more than financial
outcomes
We have built a trusted
network of financial and non-financial
specialists
Why we are here
Team up with liked minded professionals
Significant Investor Visa service is an extension of Fitzpatricks‘ existing Expats and Foreign Nationals Service
Snapshot: Significant Investor Visa188 Temporary Visa pathway to 888 Permanent Resident Visa SIV commenced on 24 Nov 2012 Hold complying investments min AUD$5m for 4 years
Snapshot as at 31.7.2013
Expression of interest 554
Invitations issued 409
Primary applications lodged 305
SIV primary visas granted 10
State Applications lodged %NSW 138 45%VIC 124 41%QLD 24 8%WA 16 5%SA 3 1%
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Fitzpatricks’ SIV Service
Fitzpatricks’ SIV Service: Stage 1 Applications
3. Capital in AUD &
FX Manageme
nt
4. Tax Advice
Australia & China
2. Selecting Complyin
g Investme
nt Mix
1. Selecting
Appropriate Visa
Pathway
11
Fitzpatrick’s SIV Service
Fitzpatricks’ SIV Service: Stage 2 Practical Decisions
1. Decide where to
live
3. Children Educatio
n
5. Other: Health,
Language, Home
help
4. Relocation Service
6. Premium
Travel Experien
ce
2. Rent or Buy
12
Fitzpatricks’ Investment Approach
Fitzpatricks’ SIV Service: Stage 3 Complying Investments
3. Investment universe is
all Complying investment
s
4. Review complying status & keep up to date
2. Client risk
profile and
objectives
1. Investment Agnostic
3. Investment universe
- all complying investmen
ts
4. Review complying status
and keep up to date
1. Investme
nt Agnostic
Fitzpatricks’ Risk Target investment approach
13
Preservation of capital (not a guarantee)
Focus on risk first
Seek a more consistent investment return outcome
Risk Targeted Investing
14
The Risk Targeted Approach seeks to provide clients with a more consistent return outcome over time (as designated by the green line).
Source: Atrium
Where is the risk coming from?
15
A portfolio of traditional asset classes may look ‘balanced’ ……..
…..but in fact equity risk dominates all other risks
Source: Atrium
Fitzpatricks MDA Performance July 2013 5 years %p.aInception %
p.a Since
Volatility %
p.a Since
Sharpe
RatioInception Date
Fitzpatricks Growth Model Portfolio 11.1% 11.5% 5.3% 1.2 30/09/2002Peer Group Index 5.9% 7.1% 8.0% 0.3 30/09/2002
Fitzpatricks Risk Target Growth Portfolio
Summary
Privately owned Our advice focus wide and varied – personal CFO role Outcome focused Broad range of deliverablesPartner with a wide range of services providers Unique Risk Target investment approach
Premium Travel Experience
Q & A
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