Rising Stars Wealth Managers
‘Despite ongoing political and economic uncertainties, we have had a positive first quarter, with our operating income increasing 13.1 per cent compared to Q1 2018,’ says the likeable and impressive RobertSzechenyi.‘Ahighlighthas been the integration of recently acquired Speirs & Jeffrey, which proceeds well as we continue to focus on transferring clients to the Rathbones platform.’
It’s true that there have been some turbulent times at Rathbones recently – a significant part of the team departed for Close Brothers in 2018 – but with young talent such as Szechenyi in position, one has sense of a ship being righted.
‘I speak to more and more clients who want to know about ethical investing and its performance impact,’ he says. ‘Twenty years of investment performance history have quelled most fears about under- performance of portfolios managed to ethical mandates.’
Szechenyi is also perceptive on the bond market, where, he says, quality now matters more than ever. ‘Our analysis suggests it might be time to reduce exposure to the lowest-quality investment grade corporate bonds in favour of the relative safety of the most highly rated debt.’
On the eurozone Szechenyi (who runs around £500 million of assets) is cautiously optimistic: ‘Leading economic indicators are consistent with weak growth rather than a recession.’