Charteris Treasury Portfolio Managers Ltd

Specialist Portfolio Management f i Clifor Private Clients

October 2013

• Established  over 25 years ago in 1984. 

• Specialist Investment Managers, with offices in London, Exeter & Gibraltar.

• Strong team of highly acclaimed investment professionals.g g y p

• Three institutional funds in mainstream asset classes (Gilts, Equities and Gold).

• Circa £150m funds under management.

• Personal service with direct access to your investment manager.

• State of the art third party custodian• State of the art third party custodian.

• Secure online access for clients to view their portfolio’s.

2

• Verifiable performance* in mainstream asset classes (Gilts, UK Equities and Gold).

• Bespoke Investment portfolios suited to individual client needs if requiredrequired

• Disciplined Investment Process. Private clients have access to the same isciplined Investment Process. Private clients have access to the sameinvestment process that has led to 3 top performing funds. 

• Orthodox Investment strategy with a global perspective.

• Fully integrated custody and administration platform from AJ Bell• Fully integrated custody and administration platform from AJ Bell Securities called IMAS. (www.ajbellsecurities.co.uk)

3

* Source Bloomberg & Professional Adviser Magazine

• Discretionary Managed Accounts (min size £100,000).Discretionary Managed Accounts (min size £100,000).

• SIPPS/SASS/ISA’s/Charities.

• Working Partnership with the Advisor where applicable• Working Partnership with the Advisor where applicable.

4

• Research: Extremely comprehensive secondary research and access to avast array of Stockbrokers research.vast array of Stockbrokers research.

• WAY Charteris Gold & Precious Metals Fund – The top performing FundWAY Charteris Gold & Precious Metals Fund  The top performing Fund in the UK in its maiden 4 months (all asset classes, circa 3,200 funds).*

• Elite Charteris Premium Income fund – Top of the IMA Equity Income Sector 2010 . Top quartile in 2008, 2009 and 2010 – circa 100 funds*p q ,

• City Financial Strategic Gilt Fund – Top of the IMA Gilt sector in 2007City Financial Strategic Gilt Fund Top of the IMA Gilt sector in 2007 and in 2009 & 2013 Year to date*

5

*Data available on request

Lower Risk Initial Allocation 60% Gilts35% Equity5% Gold5% Gold

Medium Risk Initial Allocation 35% Gilts55% Equity55% Equity10% Gold

Higher Risk Initial Allocation 10% Gilts70% Equity20% Gold

• Track Record exclusively derived from Charteris in house fund performance

• No External Input from other fund managers

• Performance figures generated from pre‐determined allocations in quoted funds, therefore, no manipulation of performance data

• This is for illustrative purposes only to act as a guide to historic performance

6

This is for illustrative purposes only, to act as a guide to historic performance

Example Portfolios – Green is higher risk, Red is Medium, Blue is lower risksince 1st March 2010 (Launch of Gold & Precious Metals Fund)since 1 March 2010 (Launch of Gold & Precious Metals Fund)

7*Fund prices sourced by Bloomberg {as at 30th August)

• Introducer fee for IFA’s looking to transfer their responsibility in this area to adiscretionary fund manager.

d ’ h f• Designed to give IFA’s an ongoing interest in the Discretionary management ofclient portfolios. This is subject to the Financial Conduct Authority RDR rules.

• Lower total expense ratio for clients – direct investment skills reduce multi‐fund, multi‐layer charging which can result in excessive costs to the client, y g g

• No hidden charges and competitive fee charging

8

• Manage SIPP’s in AJ Bell IMAS System on whatever SIPP provider

SIPP’S

AJ BELLPrivate Clients

AJ BELL IMAS

ISA’s SYSTEM

9

• AJ Bell is the largest non‐bank custodian in the UK with assets under custody of £15bn

• The IMAS Service delivers a fully integrated investment management and custody administration solution that allows wealth managers to focus on delivering a high quality service to clients without the distraction of the administration process.

• AJ Bell’s expertise in dealing with the ever changing regulatory and technical requirements associated with the investment industry, insures that client assets and data are fully compliant, y y psecure and up to date with the current regulatory requirements.

• The IMAS service fully integrates the administration process to deliver an investment• The IMAS service fully integrates the administration process to deliver an investment management platform, providing full details of customer portfolios including available cash on a real time basis.

10

• Seamless order management provides straight through processing (STP) for trading in all asset classes• Seamless order management provides straight through processing (STP) for trading in all asset classes giving fully MiFID compliant execution for both single  and bulk trading.

Th bili d ll l UK d I i l k i U i T d• The ability to trade all asset classes across UK and International markets, mainstream Unit Trusts and OEIC’s through to the full range of alternative funds and structured products. 

• Quality of reporting are key in delivering a premium service to clients including valuations, fully compliant  performance measurement, CGT and tax year end reporting packs.

11

Ian Williams – Chartered FCSI Chartered Wealth Manager Chairman and CEOIan Williams  Chartered FCSI, Chartered Wealth Manager, Chairman and CEO

Ian has spent the past 35 years trading equities, commodities and G7 government bonds, covering sales, research, market making and proprietary trading. He was a member of the London Stock Exchange for many years before joining Chase Manhattan Bank (now JP Morgan). He then worked for Dresdner Kleinwort Benson and Guinness M h ( I t ) b f b i Ch i & Chi f E ti f Ch t i T P tf li M IMahon (now Investec) before becoming Chairman & Chief Executive of Charteris Treasury Portfolio Managers. Ian also manages the WAY Charteris Gold & Precious Metals Fund (which was the top Fund in the country across all sectors in its first four months of trading, City Financial Strategic Gilt Fund (which was the top UK Gilt Fund in 2007 & 2009*) & The Elite Charteris Premium Income Fund. Ian Williams awarded Trustnet Alpha Manager in 2011 & 

li h d Ci Wi A i i 2009 2010 & 2011 H h b l ib h i l iaccomplished a CityWire A rating in 2009, 2010 & 2011. He has been a regular contributor to the national written press and various television networks including Bloomberg, CNBC, RT and Thomson Reuters.

Nick Taylor – Chartered FCSI & Head of Private Client Wealth Management

Nick Taylor has 38 years of international investment management experience gained at Morgan Grenfell Invesco andNick Taylor has 38 years of international investment management experience, gained at Morgan Grenfell, Invesco, and was Managing Director at Cigna International Investment Advisors and Matheson Investment Management. An award‐winning manager, Nicholas has run equity portfolios for a broad range of investors, including institutional pension funds, such as the Cadbury Schweppes Pension Fund alongside running several million pounds of private li t tf li d i t t t t

Richard Fremantle – DipPFS, AIFP

client portfolios and investment trusts. Nick is also a Chartered Fellow of the Chartered Securities Institute.

Richard has worked in the financial services industry for nearly 40 years. Richard worked initially in the treasury department of Lloyds Bank, then in advising directors and senior executives of the corporate clients at Noble Lowndes (a leading firm of employee benefit consultants and actuaries); subsequently he was appointed a senior manager in the personal tax department of Deloitte & Touche, and then manager of the South East region of the financial services decision of merchant bank, Guinness Mahon (latterly Abbey National Benefit Consultants) before co‐founding his own practice. Richard is a member of the Personal Finance Society and an Associate of the Institute of Financial Planning.

12

Terry Farrow – Chartered MCSI A C I B APFS C F PTerry Farrow Chartered MCSI, A.C.I.B. APFS C.F.P.

Terry has over 40 years experience in the investment markets having worked for Barclays Bank and Standard Chartered Merchant Bank. Terry became an IFA in 1990. Terry is qualified at Level K10 Retirement options –covering all types of pension advice. Terry is also qualified both to G60 and G70 level to cover both Pension d i d I t t M t Th l h df l f I t t f i l i th UK th t h ld

Marion Williams – Director and Head of Compliance

advice and Investment Management. There are only a handful of Investment professionals in the UK that hold the G70 qualification.

Marion’s career has encompassed experience in the engineering sector, event organisation, finance, sales/marketing and many years in the unit‐linked Life and Pensions industry with Vanbrugh Life, part of the Prudential Assurance Company

Peter Sheehan – Investment Manager

Peter has specialised in the detailed analysis of leading UK companies in the past 30 years. He joined leading City Stockbrokers Simon & Coates straight from the London School of Economics to commence a careerCity Stockbrokers Simon & Coates straight from the London School of Economics to commence a career specialising in the analysis and profitability of the 500 leading UK companies for leading UK Institutional shareholders.

Mark graduated from Surrey University with a BA in 2005 and began his career in Investment Management with Forsyth Partners. He joined Charteris in November 2008 as a Junior Fund Manager assisting with the management of both individual private client portfolios as well as the management of the in‐house Charteris

Mark Williams – Investment Manager

13

management of both individual private client portfolios as well as the management of the in house Charteris funds.

David Roberts – Gibraltar Office

David has 24 years experience in IDB operations involved in the Bond and OTC derivatives markets acting as an intermediary between major financial institutions to facilitate inter‐dealing trading.D id t t d t C t Fit ld i 1988 th N i b d d k th d t FRN d t h hDavid started at Cantor Fitzgerald in 1988 on the New issue bond desk then moved onto FRN products where he gained vast experience as well as at companies such as Euro‐brokers, Tradition.

Moritz Langlotz – Head of the Sales and Marketing Team

Moritz graduated from the University of Westminster with a BA in 2007 and has since been working face to face as well as media sales and marketing for numerous charities including Oxfam, Cancer Research, British Heart foundation and Fara.Moritz joined Charteris in 2010.

Alex Cleur ASI – Administration Manager, Exeter Office

Alexandra has worked in asset management for over 10 years. She holds SII certificates in Investments (securities) and in Investment administration. Alexandra also holds the UKSIP Investment Management Certificate (IMC).

14

15

London Office8-9 Lovat Lane, London EC3R 8DW

Exeter OfficeThe Lodge,

Head of Sales and MarketingMoritz Langlotz,

T: +44 (0) 20 7220 9780Tel: +44 (0)20 7220 9780F 44 (0)20 7929 6925

1 Barnfield Crescent,Exeter, EX1 1QTTel: +44 (0)1392 422 184

Moritz LanglotzE. ml@charteris.co.ukT. +44 (0)20 7220 9780

Fax: +44 (0)20 7929 6925www.charteris.co.uk

Tel: +44 (0)1392 422 184Fax: +44 (0)1392 413 222

Gibraltar OfficeGibraltar Office66a Main StreetGibraltarEnquiries – mw@charteris.co.uk

You can find us on Twitter, LinkedIn, Facebook and YouTubeAuthorised and regulated by the Financial Conduct Authority

For professional intermediaries only 16

Authorised and regulated by the Financial Conduct Authority & the Gibraltar Financial Services Commission

• This presentation is issued by Charteris Treasury Portfolio Management Ltd which is authorised and regulated by the Financial Conduct Authority

• Past performance is not a guide to future performance and investors may not get back the full amount invested

• The price of shares and any income from them may fall as well as riseThe price of shares and any income from them may fall as well as rise.

• On redemption of holdings investors may not receive back the full amount invested. Management and other fees may reduce the capital invested

• The information provided does not constitute advice or a personal recommendation for which the duty of suitability would be owed by us and you should seek your own advice as to the suitability of any investment matter mentioned here

• Professional advisers should be aware that this document is intended for their use only and this document is not to be shown or given to any retail investors

• The presentation is made on the basis of our current understanding of United Kingdom Tax l hi h b bj t t h i th f tlaws, which may be subject to change in the future

17