As an investor, finding the right asset management company to manage your UK-based investments is important to your peace of mind and the performance of the asset itself – even more so if you’re based overseas. 

Choosing the best asset management company for you can be difficult; with so many options to choose from, it can be challenging to know where to start. In this article, we’ve highlighted 3 key questions to ask a UK-based asset management company to help you make an informed decision.

Of course, you’ll need to do more in-depth research, but here are some quick-fire questions that will get you off on the right foot:

1. Will I Speak With a Single Point of Contact?

You need to make sure that your asset management partner will be at the end of the phone when you need them.  Ask the firm how they communicate with clients and how often. Look for a provider that can offer regular updates and are responsive to your questions and concerns. Ideally, you’ll be assigned a dedicated point of contact.

As an example, all Excelco clients benefit from a dedicated point of contact, who they can reach out to directly at any time – they’ll even travel to meet with you almost anywhere in the world if required. It’s this level of service that you should expect from your asset management partner. 

2. How Are Your Fees Structured?

This is an obvious one; fees are often an important consideration when choosing an asset management company. Make sure you understand the fees they charge and how they are structured. Some firms charge a percentage of assets under management, while others charge a fixed fee or a combination of both.

Excelco offers both fixed-fee instructions and monthly retained service arrangements. Be careful before committing to a firm with a complicated fee structure.

3. Are You Flexible If My Needs Change?

Nobody knows what’s around the corner. Only appoint a firm that’s prepared to alter the management agreement as your needs change. You don’t want to find yourselves being the subject of any early exit penalties or administration charges.

At Excelco, we always aim to be as flexible as possible. We want clients to stay because they like working with us – not because they’ve been tied into a contract that’s difficult to get out of.

Conclusion

Choosing the right UK-based asset management company is essential to achieving your investment goals. Not all firms are created equal, but asking the right questions (such as those above) will help you to choose a firm you choose meets your specific requirements.

If you’d like to discuss your specific requirements, why not arrange a call with an Excelco asset manager today?