By Claire West
Cave & Sons, an investment and stockbroking firm which has been based in Northamptonshire for over 100 years and has offices in Northampton, Leicester and Stratford-Upon-Avon, has launched Totus due to a growing demand from people with smaller pots of money to invest who still want access to high quality, professional investment management.
Simon Harvey, Director at Cave & Sons, explained: “There has been a real and pent up demand for a service like Totus amongst potential investors. These are people with up to £150,000 of cash or investments, many of whom will have been largely passive and often non strategic in the past.
“Some individuals may have inherited shares, which have remained untouched, they may have ISAs which have been added to in an ad-hoc fashion or have a modest nest egg that they are unsure what to do with. Until now we have only been able to offer our discretionary service to those with over £150,000 to invest.
“Thanks to the launch of Totus that has changed. This investment service means we can now enable people who have between £10,000 and £150,000 to invest to benefit from a professional, actively managed approach to their investing. Through Totus we will monitor your investments, keep on top of market developments and do all the work for you.”
In brief the Totus service offers the following:
• Active investment management, selecting the ‘best of breed’ funds from across the whole spectrum of available products in the UK
• Significantly reduced transaction costs
• Efficient and simple administration
• Access to a range of ‘institutional’ funds which may otherwise be unavailable to private investors due to minimum investment amounts
• The option to invest in individual or joint names, or within an Individual Savings Account (ISA) or Self Invested Personal Pension (SIPP)
Simon added “We have been running a Managed Collective Portfolio Service for a number of years already and this has done very well compared with its benchmark, so we have a solid track record.”
To mark the launch, Cave & Sons are offering new Totus clients a free transfer service — until Christmas only. This means that if you want to sell shares or other investments and transfer the proceeds into a Totus account, Cave & Sons will arrange the sale and not charge you the standard transaction fee. This will enable investors with a number of small holdings to sell them cost effectively and pull them all together into one managed service.