Independent Investment Management · Bath

Investment management, genuinely independent.

A clear strategy aligned with your goals, your timeframe, and what you can live with when markets move. Whole-of-market, evidence-based, and free of any product I’m paid to push, for business owners and senior executives across Bath, Bristol and the South West. No stock tips, no fads.

Book the free 30-minute call
0
products I’m tied to. Independent means no house fund to favour and no commission steering the answer — only the evidence in front of you.
Appointed Representative of Saltus Wealth Partnership Limited, FCA FRN 449607. Verifiable on the FCA Register.
§

Independence isn’t a label. It’s the freedom to recommend the right thing — because there’s no house fund to favour, and no commission tilting the answer.

See it for yourself

Watch compounding do the work.

The same force that makes costs matter is the one that builds wealth over time: compounding. Have a play with the numbers.

Open the compound calculator
i. · What this includes

Six parts of managing money well.

The categories are how the regulator sees it. The plan is how you’ll experience it.

i.

Attitude to risk & capacity for loss

Profiling not just what risk you’ll tolerate, but how much you can afford to take, before a penny is invested.

ii.

Strategic asset allocation

The mix of assets that does most of the work, set to your goals and timeframe rather than last year’s winners.

iii.

Whole-of-market fund selection

Active where it earns its keep, passive where it doesn’t. No house funds, no favourites, no commission steering the choice.

iv.

Tax-efficient wrappers

ISA, GIA, SIPP and bond structure, so the same returns are taxed as lightly as the rules allow.

v.

Rebalancing & tax-loss harvesting

Keeping the portfolio on its target, and using losses where they genuinely reduce your tax.

vi.

Quarterly reporting

Clear, regular reporting, so you always know what you hold, why you hold it, and what it’s costing you.

ii. · Who this is for

If any of these is you, it’s worth a look.

—Anyone with investible assets to put to work
—Inheritors of a lump sum needing structure
—Cash savers who know inflation is the slow leak
—Self-directed investors who’d rather hand it over
—Clients coordinating workplace pensions and SIPPs
—Anyone tired of being sold a product rather than advised
iii. · My approach

Independence, where it actually counts.

Being independent doesn’t mean pretending to beat the market by picking stocks. It means I’m free to choose the right way to run your money, with no house fund to favour.

For most clients that’s low-cost, globally diversified, evidence-based portfolios, managed day-to-day by a specialist discretionary partner.

My fee buys advice and ongoing planning, not stock-picking I can’t do better than the market. The independence shows up in what I recommend — and in what I refuse to sell you.

It also connects to the rest of the plan. The wrapper an investment sits in is a tax question as much as an investment one, the timeframe comes out of the retirement plan, and if you are holding a large cash balance while you decide, it is worth reading why cash is not the safe option it appears to be.

— Andrew

iv. · Common questions

Investing, in plain English.

It means whole-of-market: I can recommend any provider or fund, I’m not tied to one company’s products, and I’m not paid commission to favour one over another. The recommendation is whatever the evidence points to. A restricted adviser can only offer from a limited list; I’m not restricted. You can check the position for yourself on the FCA Register under Saltus Wealth Partnership Limited, FRN 449607.
For most clients, day-to-day management sits with a specialist discretionary partner running low-cost, globally diversified, evidence-based portfolios. That frees me to focus on the planning around your money — the strategy, the wrappers, the behaviour — rather than chasing the market. I will name the manager and set out exactly what they charge before you commit to anything.
No, and I’d be wary of anyone who promised to. The evidence says low-cost, diversified, disciplined investing wins over time. My job is to get the strategy, the wrappers and your behaviour right, not to pick next year’s winner.
As a guide, the planning works best for those with combined investible assets, including pensions, of around £50,000 or more. Below that, the free videos and guides on the resources page are the better starting point for now, and you are welcome to come back when the time is right.
Reporting is quarterly, so you always know what you hold and what it is costing. On top of that there is a full review at least once a year covering the plan rather than just the portfolio — contributions, allowances, whether the goals have moved — and you can pick up the phone in between whenever something changes.
Costs are set out clearly and in writing before you commit, with no hidden commission. There are three layers and you will see all of them: my advice fee, the discretionary manager’s charge, and the underlying fund costs. The first conversation is free and carries no obligation. Investment costs matter because they compound over time — so keeping them sensible is part of the job, not an afterthought.

This page is general educational information about investing. It is not personal financial advice and does not take account of your individual circumstances.

Risk warnings. The value of investments and any income from them can fall as well as rise. You may get back less than you invest. Past performance is not a guide to future performance. Tax treatment depends on individual circumstances and may change.

Andrew Daw is an Appointed Representative of Saltus Wealth Partnership Limited (FCA FRN 449607), trading as Duchy IFA. For UK residents only. Verifiable on the FCA Register.

§

Begin with a conversation.

A complimentary 30 minutes, by phone, video or in person in Bath. We’ll talk about your goals, your timeframe, and how independent, evidence-based investing could work for you. No obligation, no pitch.

Book the free 30-minute call