LGT VESTRAA PORTFOLIO

OF THOUGHTS

David Scott - Chairman, LGT Vestra LLP. Everyone has different motivations and priorities in life, all of which will have a bearing on their financial decisions. In a world where there is a tendency for the wealth management industry to focus on financial and technical facts, we, at LGT Vestra, believe that understanding clients’ non financial values, thoughts and concerns are equally as important and should be at the forefront of clients’ discussions with wealth managers.

Understanding the client’s emotional and personal values will enable us to provide a better quality of overall advice in the structuring of their financial affairs. To gain this understanding, a wider and deeper range of questions need to be posed than is often the case. The answers to those questions need to be considered in a way which ensures that both the wealth manager and client are able to apply proper thought to the broad range of issues which can impact the management of their family and financial affairs.

Our partnership with The School of Life has led to the creation of ‘A Portfolio of Thoughts’, a series of philosophical essays which explore 12 important life areas. The School of Life is dedicated to exploring life’s big questions and we see this as a conduit to developing a deeper understanding of the issues that drive attitudes to wealth.

04

trade unions, mutual insurers and building societies; companies that planned to last forever and often did survive more than a century.

“They believed in progress and the capacity for improvement by individuals and by societies. They believed in the future and therefore in measuring value over the long term.”

They embarked on projects that a rational calculation would have shown to be delusionally ambitious, whether that was building railways or – in the shape of Charles Babbage and Ada Lovelace – inventing the programmable computer and computer algorithms, held back only by the limitations of the machine tools of the time. It would take more than a hundred years for their vision to be turned into reality. Why the Victorians managed to be so visionary is not entirely clear, but had something to do with the confidence of an age of discovery both in science and other areas of knowledge, and also in geographical exploration and empire-building. Making such strides against ignorance and the unknown, firm in their sense of

37

LGT Vestra LLP, authorised and regulated by the Financial Conduct Authority. Investors should be aware that past performance is not an indication of future performance and the value of investments and the income derived from them may fluctuate and you may not receive back the amount you originally invested.

+44 (0) 20 3207 8000

info@theschooloflife.com+44 (0) 20 7833 1010

info@lgtvestra.comwww.lgtvestra.com/portfolioofthoughts