Every month, we share some highlights of what’s been happening in and around the Bowmore Group. This month, we celebrate being named as the top fastest growing manager in 2021 along with various appearances in the press, new team member Manit Prasad and a wedding.
Bowmore Asset Management have been ranked as the top fastest growing manager in 2021
Bowmore Asset Management has been ranked as the fastest growing discretionary investment manager in the UK over the past five years. This has been assessed as a % of assets under management.
The recognition comes from PAM (Private Asset Managers) in their annual directory.
Acknowledged as the “Bible” of the industry, the PAM Directory results from exhaustive research and rigorous analysis of data. Each year, PAM provides a comprehensive overview of the industry, as well as a vast pool of quantitative data.
This directory is an essential tool for anyone who has dealings with the private asset management sector, including prospective clients, professional advisers, corporate advisory firms, industry analysts, IT companies, legal advisers, trust and corporate service providers and, of course, industry participants themselves.
Jonathan Webster-Smith, Chief Investment Officer of Bowmore Asset Management: “The exceptional growth within our Asset Management business is testament to the success of our investment proposition and the team delivering it. We have delivered on what we said we would do, and this has given our clients huge comfort and reassurance in such a difficult and worrying period. Our focus remains on looking after our clients’ needs and delivering returns that enable them to meet their long-term ambitions and goals.”
“To be the fastest-growing discretionary fund manager in the UK over the past five years is a fantastic achievement and demonstrates the success that we have worked so hard to achieve,” says Bowmore CEO, Mark Incledon. “It would not have been possible without the support of our loyal clients or indeed the fantastic and ever-growing team.”
Adding, “As a business, our ambitions are greater than ever. However, we are devoted to staying true to the core values we founded the business on, and client service is right at the heart of this.”
You may have spotted Bowmore in the press over recent weeks and months. If not, here’s a brief rundown of the coverage we’ve received in the last few weeks.
This is Money
UK stocks listed on the FTSE 100 have risen by at least 1,000% in the past decade. In all, more than 40 UK-listed companies have seen significant rises in their share price. While 14 are listed on the FTSE 100, the remaining 27 are listed on the AIM.
Businesses include equipment rental company Ashtead, Games Workshop, JD Sports and Ocado.
The research we carried out was picked up by This is Money, along with a handful of other publications.
This is Money journalist, Camilla Canocchi wrote: “Charles Incledon, Client Director at Bowmore Asset Management, said: ‘Investors looking for significant growth don’t need to pin all their hopes on companies listed at the smaller and arguable more speculative end of the market.’”
“He added: ’Investors can achieve exponential growth from steady, high-quality companies. They should look for firms that have high returns on capital and are able to scale and compound those returns over time.’”
Visit This is Money to read the full story.
Our chief investment officer, Jonathan Webster-Smith, featured in Citywire’s Halloween market special.
In his Halloween warning, Jonathan said: “I believe investors should be concerned about the implication of rising interest rates on fixed income and how this will impact portfolios, in particular lower-risk portfolios, where fees and portfolio returns need to be carefully considered.”
Visit Citywire to read the full story.
Meet our new team members
Manit Prasad – Business Development Director
This autumn, Manit Prasad joined Bowmore Asset Management (BAM) as our business development director. Find out more about his role and life outside work in his Q&A…
Congratulations on your new role at Bowmore. Can you start by telling us a little about your background? What were you doing before joining Bowmore Asset Management?
I’m originally from Australia and, like many of my countryfolk, moved to the UK looking for an opportunity to gain valuable work experience, life experience and travel through Europe.
15 years later, I’m still here and consider London my home, although I do question my decision once the clocks turn back for daylight savings. Before joining Bowmore, I was working in similar roles across a few household names, such as Aviva Investors and 7IM.
What is your role with Bowmore and what are you responsible for?
I’ve joined Bowmore Asset Management as a business development director. My focus is on engaging with financial advisers to form lasting relationships and, ultimately, increase flows into our range of managed portfolios. I’ll spend most of my time in London and the south-east.
What excites you most about working with Bowmore?
I’m excited to be at BAM because I see incredible opportunities for growth and the right people in place from the top-down.
We’ve got a fantastic investment team, a track record that any of our peers would be proud to have and a management team that cares. Bowmore Wealth Group has a rich history and I appreciate the opportunity to be part of it.
What do you do in your spare time?
I’ve got a young family (my son is five and my daughter is two) and I spend what spare time I have with them, and my other half of course! However, working in financial services I still somehow find myself routinely surprised by how many people play golf, while quickly realising (again) how poor my golf form is. If I were to be gifted any time back, I’d like to try and improve my swing.
Stephanie White gained the Investment Advice Diploma (IAD)
Stephanie is working towards becoming a fully qualified investment manager.
With the Investment Advice Diploma under her belt, Steph can now join the Chartered Institute for Securities & Investment (CISI). As a member of the Institute, she is recognised as a professional in a world of increasing competition.
Tom Henshaw, our newest financial adviser, recently married his childhood sweetheart. Here he is to share the story.
Who have you married and when/how did you meet?
I met Lauren at school in our hometown of Ludlow. We’ve actually been together since we were 13, so it’s a bit of a miracle we have stayed together this long!
How involved were you in the wedding planning? What was your primary responsibility?
As little as I could get away with! Lauren and our families were the main organisers. They did a wonderful job, although I tried to do my bit. The main things I got involved with were food and drink. My favourite part of the process was definitely the wedding cake tasting!
Where did you get married? Was it a very formal affair or relaxed and quirky?
We got married at a place called Walcot Hall in Shropshire near where we grew up. It’s a lovely mix of a grand old ballroom with lots of really unusual features. They also have loads of glamping accommodation, so most of our guests used and enjoyed those, so that was a lot of fun.
How was the wedding? Was it everything you had hoped and planned for?
Absolutely wonderful. It was everything we wanted and more. The wedding was delayed by 13 months because of Covid, so it was a long time coming, but that made it even more special. It was so lovely to see all our friends and family in one place after so long.
We stayed dry and there wasn’t a thing we would have changed.
The most memorable moment of the day?
There were so many moments and, as everyone told me, the day really did fly by. Most memorable though, would have to be turning and seeing Lauren walking down the aisle towards me. Both for the relief that she turned up and seeing how beautiful she looked.
A close second would be tripping over a plant and falling down a few steps in front of all our guests!
What song did you have for your first dance?
Better Together by Jack Johnson, rather soppy, but it’s a song we’ve both loved since our school days.
Where did you spend your honeymoon?
We planned to go to South Africa – a safari for Lauren and great white shark diving for me. Unfortunately, we have had to postpone. We ended up heading to the Lake District, which was wonderful and just lovely to get away together for a short while.
Jill Ellicott – Giving Blood
Jill has a rare blood type and regularly donates her blood. We caught up with Jill to find out more.
When did you start giving blood?
I started in 2018 and have gone three times over the last 18 months – clocking up my credits!
Because you’ve given blood so often, does the phone call always come out of the blue or do you expect it ahead of time?
You can give blood every four months, so they try to book my next appointment shortly after my last one. Only 8% of the population has my blood type and there’s a 13% demand for it in hospitals as a universal donor, so they’re usually quite keen to get me back in!
What would you say to someone who was thinking about giving blood?
It doesn’t take very long, it’s a small scratch and usually takes about 30 minutes. All Covid precautions are taken, and you get something sweet and a drink after your donation to make sure you’re okay afterwards.
What’s the best thing about giving blood?
It’s nice receiving the texts afterwards when they tell you which hospital your donation has gone to, so you know it’s been used to help someone in need.