Top Recommended UHNW Wealth Managers
Jonathan Bell is droll about the life of a wealth manager. Asked by Spear’s about the most memorable moment in his career, Stanhope’s CIO says: ‘The moments that I remember most vividly are some of the investments when I lost money.’ Likewise, asked where the smart money is going in 2017, he writes: ‘If it is smart we will only find out afterwards.’
Humorous as he is, there’s also a serious point there – and Spear’s finds his ability to delve beneath the jargon of the industry refreshing.
Besides, it’s obviously working for him. Bell has around 25 clients, made up of both wealthy families and UK charities. His clients, he says, ‘are comfortable with exposure to quoted equities and unquoted real estate, private equity and private credit’.
These clients benefit from Bell’s intellectual nature: when not investing, he can likely be found in his library full of economic books, poring over the wisdom of his hero, Benjamin Graham.
As for the future, Bell – who finds his job ‘fun and relaxing’ – envisions a fight for the crown of international financial capital in 50 years’ time between New York, Shanghai and London. He’s unfazed by the Trump presidency in the short term, ‘but longer-term protectionism in all its guises by Trump, the EU, Beijing or whomever is bad news for the global economy’.