Review of client’s portfolio management platform

Being independent from private banks and large asset managers, Beauclerc can deliver an objective and non-conflicted analysis of the client’s global wealth management organisation.

With 20-year average individual experience in the financial industry, Beauclerc management team has the right expertise to conduct such an analysis and to identify the main issues in the organisation of the client’s portfolio management structure.

Counterparty risk analysis

Creditworthiness of the existing custodians.
Protection offered by the regulatory environment.
Portfolio investments credit analysis.

Cost efficiency analysis

Comparison of existing fee schedules with market standards.
Calculation of the TER for client’s global wealth.
Consistency analysis between global cost structure and expected performance from investments.

Performance analysis

Review of historic returns for all portfolios.
Analysis of previous strategy changes by portfolio managers.
Asset allocation contribution Instrument selection contribution.

Beauclerc consolidated reporting

Beauclerc has designed a fully integrated reporting solution, aiming to provide comprehensive analysis of multicustodian investment portfolios.

On a daily basis, Beauclerc reporting software downloads all the transaction details from the multiple custodians with whom the family portfolio are held. This allows Beauclerc clients to receive all their portfolio valuations and performance reports in the same format, irrespectively to their custodians. The result is an indepth analysis at the consolidated level, including a more pro-active monitoring of the global asset allocation and its performance. A performance attribution is also available at the consolidated level.

In order to fully reflect the family asset, the portfolio valuation could include your financial wealth as well as the family real assets, like property investments or equity stakes in private companies.

Finally, the reporting system can also be used to easily aggregate the fees related to all portfolio transactions and custody of securities, in order to estimate the real total expense ratio of the management of the family financial wealth.

Portfolio valuation

Daily portfolio valuations for each individual portfolios and the consolidated asset.
Daily monitoring of the global asset allocation and investment restrictions.

Performance

Daily performance reports for each individual accounts and the consolidated asset.
Performance attribution report available at the consolidated level.

Cost efficiency analysis

Comprehensive fee report for each individual accounts and the consolidated asset.
Independent monitoring of the real total expense-ratio of the consolidated asset.

Property financing optimisation

As an illustration of Beauclerc service offering which combines investment expertise and private-office services, we can assist our clients wishing to optimise the financing of residential properties in Western Europe (London, Paris, Monaco and French Riviera).

In order to help our clients completing their pricing negotiations, Beauclerc has pre-arranged borrowing terms directly with few selected lenders and negotiated what would be the minimum cash collateral to be provided for a 100% financing of the acquisition.

Also, Beauclerc designs investment solutions to optimise the cost of mortgaging the property by managing clients’ cash collateral pledged to the lender, instead of investing this cash in the property on acquisition date. This strategy allows to obtain more attractive lending terms and to potentially cover all the cost of the mortgage with the income generated by the portfolio.

Valuation

Appointment of an independent valuation agent approved by the future lender.
Challenge of the valuation assumptions in order to reach a final price close to the purchase price agreed with the seller.

Financing

Negotiation of the terms of the loans proposed by lenders, including interest rate index and margin, arranging fees, LTV, etc..
Account opening with the selected lender and preparation of the credit application.

Cash-flow optimisation

LTV negotiation with the lender’s risk department to minimise the cash collateral to be held.
Management of the collateral to generate additional income in order to cover the total cost of interest.