OUR EXPERTISE: Charities

Progeny Asset Management has extensive experience investing on behalf of charities. We seek to understand your expectations and how this will shape your investment aspirations.

The Trustee Act 2000 enables more effective management of charitable funds, providing greater investment powers and allowing funds to be invested in a wider range of investments. The Act encourages the use of nominee companies and custodians, and the appointment of professional investment managers.

We assist with several key criteria to guide trustees in their fiduciary duties, including:

    • Determining the financial investments that are available to the charity
    • Minimising the risk to your charity’s funds
    • Socially Responsible Investment Screening

Understanding your investment objectives is vital, which is why we seek to understand your guiding principles. We help local and national charities to seek income, growth, or both. We can invest in a range of asset classes including gilts, corporate bonds, direct equities and collective investments.

With a sound understanding of the duty of care that applies to trustees, we adhere to the investment guidance and principles of the charity regulators.

Assistance is provided in the construction of the trustees’ formal Investment Policy Statement. We can help in the drafting or review of this policy document, discussing all aspects of the mandate and any specific income levels or investment restrictions.

This combines the investment requirements and arrangements to ensure that the relationship is clear and the process smooth.

We want to be the Trustees’ point of contact for all the Charity’s investment questions and embed our service within its operation.

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