Investment Advice


At Carrick we are committed to walking the path with you. We partner with you from the outset and then regularly check in with you to ascertain whether your needs, circumstances and goals have changed. In doing so, we help you to get the most from your wealth.

We use a sophisticated, internationally used risk-profiling assessment to measure your tolerance to risk. We take careful notes about what you tell us about your life so that we can tailor-make an investment solution that is unique to your needs.

As an independent brokerage we are not obliged to or constrained by other providers. This leaves us free to offer you the very best solutions from the worldwide marketplace.

Whatever you need, be it a structured product, a discretionary fund or a bespoke portfolio, the Investment Committee at Carrick will select the most appropriate investment companies and products for you so that your wealth can generate superior returns.

Our collective knowledge, gained from years of investment experience in many regions, serves you and your investment needs. We know what we are talking about because we have done our homework!

Investment Committee


The Investment Committee meets once a month to analyse funds and performance to ensure that all the underlying fund managers are still operating within their mandates and that their risk-adjusted returns are in line with Carrick’s expectations. Members on the Committee carry out regular legal and directorship checks.

Our investment committee members:

Anthony Palmer – Chairperson

Craig Featherby

Adrian Jossel

Marc Fancy

Luis Levy

Robert Enslin

Your Ownership Vehicle


You won’t be jumping into the unknown when partnering with Carrick. We will hold your hand, so to speak, at all stages of the investment process and do our best to remove any concerns that you might have.

Every investment decision we make on your behalf is discussed in detail with you beforehand. We discuss the pros and cons of all the options that our Investment Committee, our providers and your Carrick adviser have determined are best for you. After discussion and consideration, we will jointly decide what works best for you.

Whatever investment decision is made, know that it will have a solid foundation and that it will be stable and flexible to accommodate changing circumstances.

Whether those investment decisions include holding assets in your own name; creating a wrapper (such as a QNUPS), an international pension trust or a company, be assured that most of the objectives that you set out to achieve will be reached.

Investment Involves Risk


One of the first things we do is create a risk profile for you.

There are three types of risk that make up your overall risk profile. The most important is your own appetite for risk, known as Risk Tolerance.

Once that has been assessed, we discuss with you the risk you need to take to reach your goals. In this assessment we look at your current resources, your financial objectives and the time horizons available to you. This aspect of the profile is known as Risk Required.

The third aspect of the risk profile covers the types of risk you can afford to take – in other words, can you weather negative events? This aspect of the profile is known as Risk Capacity.

To measure your Risk Tolerance we use a psychometric test that has been written by a highly respected Australian company, FinaMetrica. Because life events, age, personality changes and your genetic inheritance all affect your tolerance for risk, we suggest that you take this test every two to three years and especially after any major life event.

Once we all understand your risk profile and after much discussion, only then can we jointly agree on an appropriate overall risk profile when it comes to investing.

What Are Investment Risks?


Obtaining an investment return higher than cash deposits will involve taking risks. What form do these risks take?

  • Inflation and interest rate changes
  • Variations in price caused by technical and fundamental economic conditions
  • Temporary or permanent capital or income loss
  • Loss of liquidity.

Your investment portfolio must include different asset classes. Whether you are investing a lump sum or at regular intervals, it helps to know what to expect of your investments.

A diversified portfolio spreads the asset classes, which means that you lower your overall exposure to risk. This is so because each asset class behaves differently under different market conditions. If all your investments go up or down at the same time, then your portfolio will not be stable.

Ideally, most investors want the most profit with least amount of swing/volatility. A well-balanced portfolio may help to spread the risk during fluctuations in the market. Nothing is guaranteed when it comes to investing so an investor should understand from the get-go that a sure investment does not ensure protection against a loss in a down market.

An asset class is a group of securities that exhibit similar characteristics, behave similarly in the marketplace and are subject to the same laws and regulations. The three main asset classes are equities (stocks), fixed income (bonds) and cash instruments (such as the money market).

A fourth asset class is property and a fifth, commodities such as grain, oil, gold, natural gas, and so on.

Whatever the asset class groupings, each one is expected to reflect different risk and return investment characteristics, and will perform differently in different market environments.

It’s important to know what type of asset classes you are currently invested in, or intend investing in, as this knowledge helps you to control your portfolio. Such knowledge also lessens the possibility of unfortunate surprises.

Our Core Investment Strategies


Why an investment portfolio should be diversified is very simple: when one investment goes down or remains low, your portfolio is not that drastically affected because you have others in place. Spreading your assets among investment types, styles and markets is a wise move to make when you have long-term financial goals. If the portfolio is truly well diversified then you are protected against the risks arising from individual holdings.

Beware impulse choices and covetousness. Just because a neighbour is invested in a particular asset class, or because a headline appears in the financial section of the newspaper does not mean you should immediately react. Nothing beats a disciplined, rational plan.

For investment portfolios we suggest a blend of moderate risk structured notes and actively managed global funds. This blend puts your portfolio into different regions of the world, into different currencies and into mixed asset classes. The moderate risk structured notes introduce downside protection and stability. Notes are positioned to work alongside an actively managed portfolio. The blend of these two aspects to your investment plan should build the support and stability required for medium- to long-term investment.

The actively managed global funds, or discretionary managed funds for larger investment amounts can range from defensive through adventurous. It is in the latter funds where we look to generate outperformance.

There are over 6,500 managed funds – known, generally, as ‘collective funds’ – such as Unit Trusts and Open-ended Investment Companies (OEICs). Managers pool money from many investors and buy shares, bonds, property or cash assets and other investments.

A discretionary fund manager, usually used for larger investment portfolios, will manage your portfolio according to your personal wishes. Such a manager will usually invest in direct equities, fixed interest securities, alternative investments and collective funds. The term ‘discretionary’ refers to the fact that the investment decisions are made at the portfolio manager’s discretion according to the client’s risk profile and preferences.

Because Carrick is fully independent, we are able to select asset managers who are the best in the world at what they do.

Although not beyond reproach, the Investment Committee believes this blended approach provides the greatest certainty of ensuring a profit or protecting against a loss in a down market.

When designing an appropriate portfolio for a client, we try to strike a balance between your objectives and your risk profile.

Reviews And Monitoring


Both your Ownership Vehicle (a ‘wrapper’, for instance) and your Investment Portfolio will be regularly checked and reviewed to ensure that your experience is in line with your expectations. If necessary, adjustments will be made. Because the laws are always changing and the markets constantly evolving, it is important to closely review both the vehicle and the portfolio.

At Carrick, we pride ourselves on being abreast of all changes and developments and that we can adapt and change quickly where necessary.