Peace of mind
FOCUS ON YOU
We are focused on our clients’ needs and dedicated to do what is best for them.
Simplify Your Life
INVESTMENT PROPOSITIONS
Because we are independent, our clients entrust us with 100% of their liquid wealth so we can have a holistic approach to their portfolios and the risk they take. We strive to give our families exceptional service, focusing on their unique and personal requirements whilst providing all the benefits of operating in a sophisticated, private investment office.
In a more regulated environment, clients do not want to deal with an array of bureaucratic challenges: banking, legal, tax, accounting. We help them navigate through these requirements.
Small but specialised
TEAM
Jean-Marc Choblet has over 20 years of experience with Ultra High Net Worth individuals at J.P. Morgan Private Bank and multi- and single-family offices. At J.P. Morgan, Jean-Marc headed a team of three people advising UK resident non-domiciled clients (size of book $1.8 billion). After J.P. Morgan, he worked at Stanhope Capital (an independent firm offering wealth management services: asset allocation, managers due diligence, reporting and merchant banking) overseeing some of the largest family office clients. Now at Tajfo, he supervises business partners managing a family transgenerational wealth. He is also responsible for formulating the strategy and works alongside banks and other investment managers to safeguard and grow the family portfolio. Jean-Marc holds a Master in Finance from University of Lyon in France. He is a director at Kendar Advisors Ltd.
Why we do it?
An increased wealth means increasing complexity: we aim to simplify your world
In a more regulated environment, clients do not want to deal with an array of bureaucratic challenges: banking, legal, tax, accounting
The investment world is changing and new opportunities arise: your investment proposition must go beyond the traditional conservative / balanced / aggressive model portfolio
WHAT SERVICES DO WE OFFER?
We strive to be our clients’ private office offering the following services
Asset consolidation and reporting
Main point of contact for all the intermediaries
We are the main point of contact for all the intermediaries our clients deal with: mainly banks, but also lawyers, accountants, tax experts and so on. Because of this our clients have asked us to serve as director or board member of several of their companies, for a more efficient and seamless communication between parties.
Wealth planning
Some of our clients recently chose to change their domicile. We negotiated with banks to provide the best legal and tax structure, and help implement these structures. In doing so, we reviewed their long-term objectives helped redefine them, made sure their current portfolio allocation is in line with what they wanted to achieve, or started making the necessary changes. This was possible through precise and considerate short and long term cash flow planning, as well as stress testing scenario.
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Advisory and discretionary portfolio management services:
For our discretionary and advisory services, we use goals based investing. We help you define what matters to you the most and how you want to achieve it. When your legacy becomes clear, it is easier to draw a path to build it. Because the future can change, this roadmap needs to be flexible and adaptable. Over the past years, it has become obvious that portfolio management should achieve something else than just produce income or capital gains. As other considerations are coming to the front (ESG, Community, etc), our portfolios are more geared towards Impact Investing (see ESG section).
Due Diligence
Whether for advisory or discretionary purposes, the same analytical skills need to be applied to investments. Kendar Advisors prides themselves in applying a thorough due diligence process to all investments. We can help identify potential pitfalls and assess the suitability of such investments using the time tested 4Ps methodology:
Product
is the investment well structured and the strategy well defined? What is the competition? What is the product’s edge?
who is in charge? Who takes the decisions? How are conflicts resolved ? What is the ownership structure? Does the management co-invest (alignment of interests). How long has the team been working together?
Process
how is the strategy implemented? How disciplined is the team? Who controls what is happening?
does the product behave the way it should? Since when? Why? How does it compare to competitors? Why? Does the team manage other products? How do these other products perform?
We can help identify potential pitfalls and assess the suitability of such investments using the time tested 4Ps methodology using the following questions for example.
As your wealth grows, it becomes more complex, creating needs to organise and manage it
We are here to simplify your life.
we are your own
PRIVATE OFFICE
Free up your time. We become the main contact point for most counterparts
- We centralise your dealings with banks.
- We oversee and/or manage your investments.
- We coordinate with your tax advisers, lawyers and accountants.
Take control. We help organise your life around your objectives
- Plan for the future: establish long term financial plans to achieve life goals.
- Wealth planning: we help structure life and financial investments in a tax efficient way to achieve your objectives.
- Provide a financial roadmap (cashflow planning) to help achieve financial goals.
- Consolidate reporting across custodians and all asset classes and determine and correct deviations from the roadmap.
- Provide ad hoc and tailored reporting.
ESG
committed to a better future
Kendar Advisors is also aware that its environmental, social and governance responsibility cannot be reflected only in its management process. It must also be at the heart of its functioning as a legal entity.
Finally, Kendar Advisors’s founder has always been committed to social and poverty alleviation projects and since the start saw part of Kendar Advisors’s role to help people living in poverty and to the fight against global warming. Kendar Advisors donates every year part of their profit to charitable organisation who fight against poverty.
The PRI was formed in 2005 when then-UN Secretary General Kofi Annan asked a group of the world’s largest institutional investors to help draft the Principles for Responsible Investment. The 20 people in the investor group — drawn from institutions in 12 countries — were supported by an additional 70 investment, governmental, social and environmental experts and the PRI was launched in April 2006 at the New York Stock Exchange. The PRI is now an international global network of asset managers, owners and service providers working together to put responsible investment into practice. The six principles, which are voluntary, aim to provide a framework for integrating environmental, social and corporate governance (ESG) considerations into investment decision-making and ownership practices.
- incorporate ESG issues into investment analysis and decision-making processes.
- be active owners and incorporate ESG issues into our ownership policies and practices.
- seek appropriate disclosure on ESG issues by the entities in which we invest.
- promote acceptance and implementation of the principles within the investment industry.
- work together to enhance our effectiveness in implementing the principles.
- report on our activities and progress towards implementing the principles.
As part of its ongoing commitment to ESG, Kendar Advisors calculates the footprint of the financial portfolio it manages and supervises, and suggests solutions to offset the calculated carbon footprint, so that the portfolios can be run in a carbon neutral way.
FEES
Last but not least
We think about
FEES DIFFERENTLY
- Fees can be a major source of underperformance. Markets are difficult to beat and compounding costs does not help
- Fees can be unfair:
→ if portfolios are managed the same way, then economies of scales should benefit the clients, not the managers.
→ in traditional wealth management, fees follow a sliding scale which means small clients pay a higher price than bigger clients
- Fees can dis-incentivise wealth managers: if volumes are big enough, management fees alone can be sufficient to insure a very cushy lifestyle.
NEWS
In a few words
Kendar Weekly 2021 09 25
S&P drawdowns and bounce back: déjà vu? Central banks: a good signal? Evergrande Financial Markets Snapshot
