Iain Nicholson Investment Management is aware of the need for a broad outlook on a Client's affairs. The company considers that a Client needs not only an investment management service but a broader concept of wealth management. The firm hopes that Clients will consider their overall assets position including Real Property, Fixed Interest, Equity based investments and deposits and put this into a financial plan. Iain Nicholson Investment Management will work with a Client’s Lawyer and Accountant to achieve this goal. Portfolios are managed on a discretionary or advisory basis. We have managed portfolios for Clients on a discretionary basis for many years taking into account the specific requirements of each individual Client at the beginning and constructing a suitable portfolio. Being discretionary allows us to have the agility to position Client’s investments appropriately in an increasingly volatile market place where manoeuvrability is key. Advisory portfolio management is sometimes required and we will then only act when we have received instructions from the Client. The firm also appreciates the importance of investment management and retirement planning and is involved in the running of funds for Self-Invested Personal Pension Schemes (SIPPS) and Small Self-Administered Pension Schemes (SSAS). Our expertise in fund management can add good value to this area and the funds are run very stringently taking into account the individual’s retirement age and pension requirements. While the investment policy is tailored to each individual Client, the investments fall in with the company culture of caution tempered with growth on the basis that while not every investment will do well, the spread of holdings is more likely to give gradual growth with a reasonable income. Although this is the objective, there can be no guarantee that this will necessarily be achieved. A representative portfolio will generally have a proportion of fixed interest giving stability and income. Smaller portfolios will have an emphasis on collective investments while large portfolios where clients accept greater risk, a sufficient number of direct equities. We have a first class research facility enabling us to take informed decisions on both individual and collective investments. The Client portfolios benefit from this wealth of information Our Philosophy is to have some overseas content but of moderate proportion having regard to the less prolific research information flow and currency fluctuation. However, our view is that such areas should not be ignored having regard to significant economic growth in other world economies. Taxation issues are always very important in the management of investments. Whilst we do not give taxation advice and clients should seek advice from their own tax advisor, we do encourage the use of tax efficient investments, maintenance of existing PEP holdings and utilisation of the ISA allowance.