AAR Bespoke Portfolios

In addition to our Model Portfolios, AAR also offers Bespoke Portfolio Construction services. This is a fully tailored investment research solution. We understand that your clients have individual investment characteristics including specific financial objectives, attitudes to risk, income requirements and ethical views.

We will work with you to ensure we fully understand the scope of your clients’ investment needs. Once we have this understanding, we can create a bespoke portfolio to suit their unique requirements.

For more information on our investment selection process and investment security criteria, please click here.

For further information on AAR’s bespoke portfolio services, please click here.

Why Us

As a valued client of Asset Allocation & Research you can expect the following:

  • Four diversified model portfolios across the full risk spectrum – Cautious, Balanced, Aggressive and Equity Only
  • Tailored solutions – Bespoke portfolio construction services
  • Monthly market commentary on current economic conditions and outlook
  • Quarterly reviews, detailing performance of the Model Portfolios from the previous quarter and also since inception
  • No double layering of fees
  • Liquidity and cost focused portfolios that invest into ETFs and other low cost providers
  • Diversified portfolios that use a modern portfolio allocation focusing on global equities
  • Available in USD, GBP and EUR

Asset Allocation & Research LLC is a registered investment adviser in the state of New Jersey.  Additional information about Asset Allocation & Research LLC is available on the United States Securities and Exchange Commission’s website at www.adviserinfo.sec.gov.

AAR Model Portfolios

AAR’s Model Portfolio Service (MPS) is a discretionary investment research service comprising four diversified portfolios.

Each portfolio is designed to meet a range of investment objectives and risk profiles.  The service has a centralised investment process which combines the experience of Castlestone Managements investment managers, with the in-depth knowledge of the AAR team.

We have also partnered with a wide range of third party platforms to ensure that the AAR MPS is available for you to recommend to your clients. This means the decision of where your clients should custody their assets is yours.

For more information on our investment selection process and investment security criteria, please click here.

 

For further information on AAR’s model portfolios, please click here.

*Performance detailed (01 January 2017 – 18 May 2020).

Disclaimer

Note: Please be aware that hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Past performance cannot be relied on as a guide to future performance.

The information contained in this document is not directed at, nor is it intended for distribution to, or use by, persons in any jurisdiction in which the investment products are not authorized for distribution or in which the dissemination of information regarding the investment products is not permitted.  This document is not offering to sell any product. Asset Allocation & Research LLC is a wholly owned subsidiary of Castlestone Management LLC.  The information contained herein is for information purposes only. Any decision to purchase securities in any proposed offering should be made solely on the basis of the information to be contained in the final prospectus published in relation to such offering. Asset Allocation & Research LLC model portfolios do not form a fiduciary relationship or constitute advice and is not and should not be construed as an offer or a solicitation of an offer of securities or related financial instruments, or an invitation or inducement to engage in investment activity, and cannot be relied upon as a representation that any particular transaction necessarily could have been or can be effected at the stated price. Asset Allocation & Research LLC model portfolios are not an advertisement of securities. Asset Allocation & Research LLC opinions expressed may differ or be contrary to opinions expressed by other business areas or groups of Castlestone Management as a result of using different assumptions and criteria. All such information and opinions are subject to change without notice, and neither Asset Allocation & Research LLC nor any of its related companies or affiliates is under any obligation to update or keep current the information contained in the Asset Allocation & Research LLC model portfolio or in any other medium. Any projections and opinions expressed herein are expressed solely as general market commentary and do not constitute investment advice or guaranteed return. Any simulated performance data and/or past performance data contained herein is not a reliable indicator of future performance. The Asset Allocation & Research LLC model portfolio should not be regarded by recipients as a substitute for the exercise of their own judgment as the Asset Allocation & Research LLC model portfolio has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. The information and opinions have been compiled or arrived at based on information obtained from sources believed to be reliable and in good faith. All statements of opinion and all projections, forecasts, or statements relating to expectations regarding future events or the possible future performance of investments represent Asset Allocation & Research LLC’s own assessment and interpretation of information available to them currently. The securities described in the Asset Allocation & Research LLC model portfolios may not be eligible for sale in all jurisdictions or to certain categories of investors. Options, derivative products and futures are not suitable for all investors and trading in these instruments is considered risky. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. Foreign-currency-denominated securities are subject to fluctuations in exchange rates that could have an adverse effect on the value or the price of, or income derived from, the investment. Other risk factors affecting the price, value or income of an investment include but are not necessarily limited to political risks, economic risks, credit risks, and market risks. The analysis/research herein is not directed to, or intended for distribution to or use by, any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation. Nothing in this document constitutes a representation that any investment strategy or recommendation is suitable or appropriate to an investor’s individual circumstances or otherwise constitutes a personal recommendation. Investments involve risks, and investors should exercise prudence and their own judgement in making their investment decisions.  Asset Allocation & Research LLC is a registered investment adviser in the state of New Jersey. Being registered does not imply a certain level of skill or training. Investment in any Fund involves significant risks. A prospective or continuing investor should not invest in any Fund unless satisfied that it and/or its investment representative or professional adviser has/have asked for and received all information which would enable it or both of them to evaluate the risks in terms of an investment or continued investment in the Fund. The information in this document has not been approved or verified by the United States Securities and Exchange Commission or by any state securities authority. This document is confidential. No part of it may be reproduced, distributed or transmitted without Asset Allocation & Research LLC’s written permission. Neither this document nor any copy of it may be distributed, directly or indirectly, in the United States of America or its territories or possessions (the “United States” or to any US Person as defined in Regulations under the United States Securities Act of 1933 (as amended)). Any failure to comply with these restrictions may constitute a violation of United States securities law. This is not exhaustive; other regional-specific wording may apply. No invitation to the public in Hong Kong to buy or subscribe for any product is permitted to be made. You should consult your own attorney, business adviser and tax adviser as to legal, business, tax and related matters concerning any of the contents of this document.

Additional information about Asset Allocation & Research LLC is available on the United States Securities and Exchange Commission’s website at www.adviserinfo.sec.gov.

 

Contact

Get in touch today to discuss all your discretionary management needs.

The Team

Angus Murray

Angus founded Castlestone Management over 20 years ago to provide investment management to a Family Office. Angus is a member of the Investment Committee of AAR and oversees the portfolio allocation and investment research. He was previously President of Macquarie Bank (USA) Inc. in New York and Co-Head of the International Equity Department of NatWest Markets USA. Angus graduated from the University of London (Financial Economics). He was born and raised in Sydney, before moving to live in London and New York.

Peter Conniff

Peter Graduated from Fordham University in the United States, with a Degree in Political Science. Peter has over 25 years’ experience in Sales and Trading having worked for Merrill Lynch in New York and San Francisco. Peter has worked across their Institutional Capital Markets Group, International Operations Division, Institutional Advisory Group and Global Capital Markets Division; where he covered over 100 clients.

Joe Wheeler

Joe graduated from the University of Cambridge, and has over 10 years’ experience in the Sales and Investment Management industries. Joe is based in Hong Kong, and has focused on the Asia and Middle East region for the last five years. Joe has worked for AAR since inception,  helping to provide model portfolio solutions for financial intermediaries and bespoke portfolios for high net worth investors. He previously was Head of the Middle East for Capital Platforms, working alongside life companies, product providers and financial intermediaries to create investment solutions for retail investors.

 

Asset Allocation Process

Our investment process is designed to allow you to meet each of your client’s individual requirements. But it leaves the “final decision” and “fund selection” within your control. AAR has strict investment criteria that requires the investment funds shown to have independent auditors, suitable liquidity, underlying assets that are exchange traded and funds that do not use leverage.

By making research based recommendations, but leaving the final freedom of the investment decision to you, you are able to find the best options for each client’s goals. Discretionary Fund Managers do not give you this flexibility. We do and it’s important not only to allow you to avoid having all your “eggs in one basket”, but also to allow you the advantage of retaining control.

AAR uses a Cautious, Balanced and Adventurous approach to portfolio construction. With a higher emphasis placed on equities over bonds, the AAR approach can be tailored to suit the individual investor or companies risk appetite.

Investment Security Criteria:

AAR employs a broad range of criteria when screening individual securities before they are considered as part of a model portfolio. This is to ensure that the presented portfolio models provide suitable investment solutions through a straightforward due diligence process.

Any investment vehicle that is researched must meet the following minimum criteria before it can be included on our Approved Holdings List:

Daily liquidity:

A security must have at least weekly liquidity/pricing to be considered for inclusion within a model portfolio. This is required for easier exit and reporting for the fund. Ideally the team seeks daily priced funds to allow the model portfolio to move quickly between investments, but would consider weekly traded investments.

Performance Track Record:

A fund must be operational and have recorded actual performance before it can be considered for inclusion within a model portfolio. This is to ensure the fund is capable of providing the returns that are being promoted. The team may consider a shorter track record if the fund is deemed a unique opportunity and/or offers early investment benefits.

Fund House Track Record and Minimum Assets Under Management:

Newly launched funds can be invested in as long the ultimate parent, fund house that administers and manages the fund has been in operation for 15 plus years. Also, newly launched funds can be invested in if the fund house that administers and manages the fund has over $150m asset under management at the time of investment.

Fund Analysis & Financial Ratios:

A fund is assessed on a number of financial statistics and against its peers and benchmark averages in its relative sector. These include looking at a fund’s past return, historic volatility (risk), Sharpe ratio and R-squared.

Third Party Reporting and Information:

A fund must be registered on third party information and fund screening tools like Bloomberg and Morningstar Analytics.

Fund Due Diligence:

The fund must be regulated and operationally sound.

About Us

Asset Allocation & Research LLC (AAR) is a registered investment advisor in the United States.

AAR removes the typical risk of a Discretionary Fund Manager (DFM) by providing you with research that can be used, at your discretion, to truly diversify your client’s portfolios, based on your knowledge of the client’s risk level and investments goals, while leaving you in control of your clients’ portfolios.

One of the greatest risks to an investment portfolio is lack of diversification; in other words, concentrating all your investments with one fund manager or investment vehicle.

Outsourcing investment management frees you from day-to-day involvement in your clients’ investments, but it means losing control of your client’s money and putting all your client’s money in “one basket” with one Fund Manager. This is the very risk we all wish to avoid.

Taking into consideration the new normal of investment management, AAR places an emphasis on longer term investment trends underpinned by lower levels of global growth, lower levels of inflation and relatively lower interest rate levels, combined by higher levels of volatility.

In response, AAR have developed three base risk tolerance portfolios – Cautious, Balanced and Adventurous. On top of this, for those seeking higher concentration within equities, AAR has also developed an Equity Only portfolio.

We also understand that your clients have individual investment characteristics including specific financial objectives, attitudes to risk, income requirements and ethical views. So in addition to our model portfolios, we also provide bespoke portfolio construction services.

As a valued client of AAR you can expect the following:

  • Four diversified model portfolios across the full risk spectrum – Cautious, Balanced, Adventurous and Equity Only
  • Tailored solutions – Bespoke portfolio construction services
  • Dedicated client servicing team
  • Monthly market commentary on current economic conditions and outlook
  • Online access to the model portfolios
  • Quarterly reviews, detailing performance of the Model Portfolios from the previous quarter and also since inception
  • No double layering of fees
  • Liquidity and cost focused portfolios that invest into ETFs and other low cost providers
  • Diversified portfolios that use a modern portfolio allocation focusing on global equities
  • Available in USD, GBP and EUR

Asset Allocation & Research LLC is a registered investment adviser in the state of New Jersey.  Additional information about Asset Allocation & Research LLC is available on the United States Securities and Exchange Commission’s website at adviser https://adviserinfo.sec.gov/firm/summary/307248