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Company

Sarasin & Partners

Index

UHNW Wealth Managers

Wealth Managers

Location

London, United Kingdom

Advice type

Wealth preservation

Wealth planning

Portfolio management

Client types

Charities

Entrepreneurs

Business owners

HNW

UHNW

Families

Sector focus

Financial Services

Wealth Management & Private Banking

Profile

Tom Vernon

Description

Responsible stewardship, as a concept, is certainly gaining ground. Tom Vernon is among many specialised wealth managers who have reported a spike in interest in environmental, social and governance factors in recent years. But at Sarasin, governance of portfolios is not just a trend – it’s a business model that attracts a steady stream of UHNW clients.

‘This is not just a moral issue for us, but an important risk management tool when constructing client portfolios,’ Vernon says. ‘We are long-term investors, and once invested in a company, we actively vote on our clients’ behalf, and further engage with the company where we identify specific areas of concern.’ He adds that the involvement could lead to policy work influencing practices at a sector or government level.

Vernon offers discretionary management services to a broad range of private, charity and institutional clients, ranging in size from £500k to £250 million. He joined Sarasin & Partners in 2006 after completing a degree in Economics and Finance at the University of Bristol. He calls this a defining moment in his career, which has taught him ‘a great deal’ about providing UHNWs with ‘a very high level of service’.

Sarasin & Partners is a pure investment manager with ‘particularly strong strategic investment skills… We help clients design and refresh investment strategies that are robust under a range of scenarios,’ Vernon says. The firm is best known for its global thematic equity selection, an innovative asset allocation offering, as well as its responsible investment stewardship model, all aimed at enhancing ‘the real value of clients’ assets over the long term’. During the Covid-19 pandemic, this has enabled the firm to give clients ‘clear updates’ on how their portfolios are positioned against economic, political and market factors. ‘It helped all of us through the crisis,’ Vernon reveals.

The business started offering investment management services in 1983, wholly owned by Bank Sarasin, a Swiss institution with history that goes back to the 1840s. In 1997, the Sarasin Investment Management team purchased a stake of 25 per cent from the bank, later raising to its current level of 46 per cent.

It became a limited liability partnership with Bank J Safra Sarasin in 2007 and now operates as Sarasin & Partners.

Rank: Recommended

Recommended 2021, UHNW Wealth Managers

Address

Juxon House, 100 St Paul's Churchyard, London, EC4M 8BU, United Kingdom

Email

tom.vernon@sarasin.co.uk

Phone

2070387000

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