https://lymington.com/media/com_jbusinessdirectory/pictures/companies/1058/cropped-1558600160.png

Thesis Asset Management Limited

Claimed
Solent House, Cannon Street, Lymington, SO41 9BR

Business Details

Thesis Asset Management

Thesis in Lymington

Thesis has been managing investments since 1974 and has offices across the South East of England. Our team in Lymington has provided investment services to private clients, charities and trusts since 1996. We have built strong, lasting relationships with our clients and with their professional advisers, such as lawyers, financial advisers and tax specialists.

We actively manage the assets within our clients’ portfolios, regularly rebalancing the underlying holdings as appropriate to ensure that the portfolios remain aligned to clients’ objectives.

If you would like a no obligation chat with one of our investment managers to find out how we can help you invest for the future, please contact us. You can visit our website at www.thesisam.com, call our Lymington office on 01590 613 580, or email This email address is being protected from spambots. You need JavaScript enabled to view it.

Thesis Asset Management has announced their private client business has been acquired by Sanlam UK, part of the international financial services group Sanlam Limited. Thesis has a significant presence in Lymington, with £290 million under management and the local team of seven will now become part of Sanlam’s regional wealth management network.

Click here to contact the business development team or email This email address is being protected from spambots. You need JavaScript enabled to view it..

Investment Update - It pays dividends... 

“It pays dividends.” The very phrase has entered the language to denote something which is rewarding or worthwhile. We instinctively see income-paying investments as desirable. So it should be; as shareholders we are co-owners, putting our capital at the disposal of a business, and the dividend is our portion of the profit. It is a bird in the hand while market prices are continually changing. Despite or perhaps because of this, investing for dividends can sometimes seem less glamorous than seeking the next hot growth stock. With the FTSE 100 index now yielding 4.75% however, is it time to reconsider that view?

Please do not hesitate to contact the Thesis team should you have any queries in respect of your portfolio and the strategies being employed currently.

- Cash Deposit Rates: June 2019


Previous Monthly Updates from Thesis 

You can sign up to receive our monthly investment market commentary on the Thesis website. Previous Monthly bulletins:

The Myths of Private Equity - June 2019

Thesis has always been a proponent of diversifying investments and as a result we have, over the years, invested in a wide range of different asset classes to spread the risk. One area which we have held for some time is private equity - this month our market commentary looks at private equity and its myths

A Goldilocks economy - May 2019

The financial markets continue to wrestle with the direction of growth, inflation, and monetary policy. For now, it appears that markets may be happy with a “just right” Goldilocks economy: cool enough not to spark rising prices or prompt the Federal Reserve to take action, but warm enough to avoid choking company profits. Risk assets continued their rally in April, driven by accommodative central banks, but also supported by a solid start to the first quarter US earnings season, albeit against sharply lower expectations since the beginning of the year.

Making it big – Philanthropic Giving - April 2019

Warren Buffet is often praised as one of the most successful investors of our time but perhaps lesser-known is his commendable success in the world of philanthropy. Thankfully portfolios have seen a significant improvement in values from the rather bleak reviews issued at the end of December and this quarter end reports will hopefully make for much better reading. These are due out shortly. Highlights this year so far include: S&P 500 enjoyed best first quarter since 1998 (after one of the worst on record in Q4 2018); Treasury yield curve inversion – as interest rises look to have been halted; Political impasse remains – not new news!; Growth worries continued to linger; Rally in Indian stocks...

Who Wants to be an ISA Millionaire? - March 2019

Think of a Cash ISA as a savings account contained within a tax-free ‘wrapper’ (the ISA); think of a Stocks & Shares ISA as an investment portfolio or share dealing account which is also contained with a tax-free ‘wrapper.’ In the past there were confusing rules distinguishing between the two, with different sums available for investment. This has all now been simplified and the two are largely interchangeable. Read more...

Commentary on the Spring Statement - March 2019

Coming as it did in the middle of the current series of parliamentary votes on Brexit, the statement was an opportunity for the Chancellor to give a positive assessment of the economy, but as expected he kept his fiscal powder dry. Spending was kept reasonably static and there were no significant changes to taxation. Read more...

One swallow doesn’t make a summer – Outlook for 2019 - February 2019

None of us know what the future holds, so any forward-looking piece about the coming year must clearly be taken with a large pinch of salt! Whilst looking ahead is clearly an essential aspect of the wealth management industry, one needs to be both cynical and circumspect about forecasts. Long term forecasting is more important to client planning requirements and goals, but all too often short term movements can sometimes overly influence one’s psyche. Long term forecasting of average trends is arguably easier than worrying about all the peaks and troughs that come with short term volatility.

Why investing for the long term is important - January 2019

It is important to remind ourselves of two corner stones to successful long-term investment. Exposing one’s investment portfolios to the power of long-term compounding and as such it is the time in the market not timing the market. 

The month of December was the worst ever recorded and given the volatility of the last quarter, it’s so important for investors to focus on the long term. For higher risk mandates, we saw some portfolios fall by more than 10% within the quarter, which under EU regulations now requires a formal letter to be sent out to clients (where this occurs). So far in 2019, we have thankfully seen some recovery from the lows witnessed in December. Nevertheless, the current requirements to focus on short term quarterly movements does little to encourage a longer term view, which is really necessary for investing. Whilst 2018 was certainly a year to forget, following almost a decade of year-on-year growth, one must accept that asset prices cannot always go up every year - nor does it necessarily mean that 2019 will follow suite.

Little Festive Cheer - December 2018

The final month of the year for markets is not following an often seen historic pattern with the typical ‘Santa rally’ and festive cheer sadly lacking so far. Instead markets have returned to the lows seen towards the end of October after a brief respite during November. Matters regarding global trade developments, interest rates, British politics and Brexit remain highly fluid with little clear direction. At such times, ignoring the political debacles and focussing on investment valuations becomes even more imperative for the longer term investor...

The Hunt for Red October - November 2018

As the third quarter ended and beckoned in the first trading day of October it would be fair to say that the dive klaxon had started to sound. Just as First Officer Borodin said in the movie ‘The crew know about the saboteur. They are afraid’, Jerome Powell, chairman of the US Federal Reserve (Fed), sounded out market fears when he suggested that the Fed could raise rates significantly before finishing its rate hike cycle...

- "I've been clear that Brexit means Brexit." - October 2018 

Whatever your view on the rights and wrongs on leaving, the UK's exit from the EU is now less than six months away. This seems a good moment to summarise our thinking on the subject of Brexit and how it is likely to affect our clients’ investments.

Inheritance Tax Considerations - September 2018

"In this world nothing can be said to be certain, except death and taxes." - Benjamin Franklin. This month's market commentary by the Thesis Asset Management team considers tax, in particular Inheritance Tax

ESG - Can Microsoft teach Facebook a lesson? - August 2018

Ethical investing and how ‘positive screening’ and environment, social and governance (ESG) factors are being recognised as a way to highlight investments that may have a better chance of generating positive long term risk adjusted returns and fulfilling individual ethical criteria.

- "The irony of obsessive loss aversion is that our worst fears become realised in our attempts to manage them." Daniel Crosby - July 2018

In spite of concerning headlines of late, the global economy has still showed it has positive momentum with the healthy state of the US economy supporting economic growth around the world. That said, potential geopolitical risks are increasing, despite the successful completion of the summit between the US and North Korea towards the beginning of June.

Eleven Lions - June 2018 

Lymington's Thesis Asset Management give us an illustrative ‘starting eleven’ of funds and investment companies, presently invested into by Thesis, which very much like a football team all have different roles to perform.

- Investing in private equity - May 2018

Like other investors the Thesis team have concerns that there is “froth in the market” but we are maintaining our exposure to this asset class for three main reasons. Find out more in this month's investment update, plus the latest investment news from around the globe.

"It is impossible to produce superior performance unless you do something different from the majority." Sir John Templeton - April 2018

-  Capitalising on trade pessimism... - March 2018

Under a system of perfectly free commerce, each country naturally devotes its capital and labour to such employments as are most beneficial to each... By increasing the general mass of productions, it diffuses general benefit, and binds together, by one common tie of interest and intercourse, the universal society of nations throughout the civilized world. – David Ricardo, The Principles of Political Economy and Taxation (1821)

- "Tales from the City" - February 2018

Whilst no one can predict the future, valuations are a significant tool in helping investors forecast where the best returns are likely to be made and on this basis the UK looks quite compelling. With US companies about to benefit from tax breaks and looking at potential homes for their capital, ‘UK plc’ looks an attractive earnings enhancing opportunity.

A recap on the UK pension market - January 2018

Almost four years ago, the then Chancellor of the Exchequer, George Osborne, announced sweeping changes to pension rules, often now referred to as ‘pension freedoms.’ Before we examine the situation as we find it now, let’s recap very briefly the UK pension market.

- "The allure of gold" - December 2017

When the wise men Balthasar, Melchior and Gaspar approached Christ they were very generous. Since Junior ISAs hadn’t been launched (2011) they offered some gold. Gold has for millennia been viewed as a form of currency. Whilst the price of the shiny yellow metal is very transparent the true value of the metal is still being widely debated. Read more in the December Investment Update by Thesis Asset Management.

-"Is there a price to pay for following the herd?" - November 2017

Index tracking – investing in collective investment schemes that simply aim to mirror the holdings and performance of an index – is on an inexorable path forward. There is a lot of thought and research needing to be done about the potential impact index tracking products could be having on different markets. Read more in the November Investment Update by Thesis Asset Management.

"May the Force be with you" - October 2017

Porter’s Five Forces framework can provide information to enlighten strategic discussions but we must be mindful that although numerous factors can affect industry profitability in the near term, such as weather or the business cycle, it is industry structure expressed by the competitive forces which sets industry profitability in the medium and long term. Learn more in the October investment update by Thesis Asset Management.

"You want to be fearful when others are greedy..." - September 2017

 “You want to be greedy when others are fearful. You want to be fearful when others are greedy.” Warren Buffett. Investments in stocks and bonds are always exposed to the ebb and flow of the markets. When the market goes up you make money, and when the market goes down you lose money. The VIX or “fear index” which measures investors’ expectations of future volatility is close to historically low levels. Learn more in the September investment update by Thesis Asset Management.

"Does ‘political uncertainty’ matter?" - August 2017

Is political uncertainty the most significant investment factor? We consider the wider context ...

- "VIX and other measurements of market volatility" - July 2017

The VIX Index represents the market’s expectations as to 30-day volatility. Technically it is derived from the implied volatility in a wide range of S&P 500 options traded on the Chicago Board Options Exchange. In English this means a mathematically calculated measure of how much market traders think the US stock market is going to fluctuate over the coming month.

"Not gilty" - June 2017

Gilts are loans investors make to the UK government. They are a form of IOU which have a fixed (or Retail Price Index (RPI) linked) interest rate and a set date when they mature. By lending the government a set amount of money the holder (investor) will receive an annual (or semi-annual) coupon as a reward.

- "Beta be smart" - May 2017

Although capitalisation-weighted indices – those that rank the constituents within them based on size - have long been used as benchmarks for performance measurement and as the underlying investment to early index-tracking products, they can be prone to periods of high concentration in individual sectors or stocks, reflecting short-term market trends and perhaps distorting the prima facie performance of the broader market.

- “The investor’s chief problem – and even his worst enemy – is likely to be himself.” April 2017

Behavioural finance holds out the prospect of a better understanding of financial market behaviour and scope for investors to make better investment decisions based on an understanding of the potential pitfalls.

"Benchmarking, benchmark hugging and passive investment" March 2017

February continued to see stock markets rally, the catalyst was a renewed emphasis on the tax reform promise from President Drumpf.

"Inflation, compounding, reflation and sector rotation!" February 2017

Important financial facts explained.  Key message:  Start saving as early as you can!

"The markets are moved by animal spirits..."  January 2017

The Drumpf-fuelled rally in equities, inspired by the incoming president's pro-growth agenda appears to have rekindled investors' animal spirits in December. 

Thesis Asset Management plc is authorised and regulated by the Financial Conduct Authority (FRN 114354). Please remember that investing involves risk: the value of your investments and the income from them can fall as well as rise, and you may not get back the amount you invest. Past performance is not aguide to the future.

“We aim to be open and straightforward in our communications and to deliver excellent client service. We believe that investment can be made individual for clients, and be flexible enough to provide solutions such as centralised investment propositions for advisers.”


Thesis Lymington Giles MarriageGILES MARRIAGE

Institutional Sales and Office Director, Chartered FCSI

Giles runs the Lymington office and also advises institutions on asset allocation and investment selection. He has wide experience of portfolio management and investment experience since 1994.

Giles is supported by Jeremy Twist MSc (Assistant Investment Manager) and Richard Haynes (Investment Assistant) 

 

thesis lymington Jonathan Yousafzai

JONATHAN R YOUSAFZAI

Investment Manager, Chartered FCSI

Jonathan has investment experience since 1987. He has worked with ICI, Chase Manhattan, Abbey Life Investment Services and now specialises in discretionary investment management.

Jonathan is supported by Jeremy Twist MSc (Assistant Investment Manager) and Gail Esterhuizen (Investment Assistant)

 

Download Thesis Asset Management brochure for clients.   

Solent House, Cannon Street, Lymington, SO41 9BR

BUSINESS REVIEWS

Add new review

There are no reviews at the moment