Why outsource the management of your assets?
Discretionary management involves entrusting the management of your assets to your bank. It is a trusted solution in complex markets and puts you in the right place at the right time as regards market opportunities. Peggy Damgé, Private Banking Adviser at Banque de Luxembourg, describes the advantages of discretionary management.
To start with, why delegate? Isn’t it true that if you want something done well, you’d better do it yourself?
Portfolio management is probably the exception to this! In practical terms, discretionary management frees investors completely from the hassle of monitoring their portfolio day-by-day. In fact, finding time to manage and monitor their portfolio effectively is a real problem for investors. In our increasingly complex world, the challenge is also to bring them peace of mind.
Is this really the right time to delegate the management of one’s assets?
Absolutely! Market volatility is such a source of stress that managing a portfolio these days needs a rigorous approach. That’s another reason to choose support and advice from experienced professionals.
But how can you be confident that your assets will be managed responsibly?
Investors get access to experienced professional management which focuses on preserving and enhancing capital over time. With discretionary management, they benefit at all times from responsible investment strategies and value-creating solutions, so they can get on with their life and projects with no worries.
How can investors be sure that these strategies genuinely correspond with their own unique requirements?
It’s really quite simple. The idea is that they work with their adviser to define the level of risk most appropriate for them, from the most prudent to the most dynamic. This ensures that your portfolio will be perfectly tailored to your own investor profile.
Doesn’t discretionary management sometimes lack transparency?
This obviously depends on which partner you choose. At Banque de Luxembourg, we provide you with a quarterly management report and a detailed statement of your assets. You can also check the performance of your portfolio at any time on our e-banking area. This makes for a simple, reassuring and transparent solution.
To find out more about discretionary portfolio management at Banque de Luxembourg, watch an interview with Damien Petit, Head of Private Banking Investments.