Smith & Williamson elects to open performance data to external scrutiny

Friday, March 11, 2016

Smith & Williamson, the investment management, accountancy and tax group yesterday (10 March 2016) announced that it is opening the investment performance data of its Irish office to independent and objective assessment. As a result, the Irish branch’s investment management performance will be independently analysed by Asset Risk Consultants (ARC), a UK firm, so that trustees, investment professionals and advisors can assess its investment performance relative to a peer group.

Smith & Williamson is the first Irish-based private client discretionary investment manager to open its performance data to the scrutiny of independent analysis by ARC. ARC provides performance data based on a peer group analysis report. ARC’s Private Client Indices, as they are known, deliver insight into the comparative performance of private client portfolios, both on an absolute and relative basis to the peer group.

“We have taken this decision as we believe independent analysis is critical to trustees, independent advisers and professional investors in helping them select a discretionary investment manager,” said Shane O’Reilly, an investment management director at Smith & Williamson.

Smith & Williamson opened its second office in Dublin last autumn, as the firm announced robust financial results for its most recent financial year, ending 30 April 2015. This second Dublin office, which is located in Herbert Street, Dublin 2, is the base for the firm’s Irish investment management and pension planning team, and supplements the base in Sandyford. Following the opening of the Herbert Street premises, Smith & Williamson now has 13 offices across the UK, Ireland and Jersey.

The Dublin investment management and pension planning team, which currently includes 12 investment professionals and is led by Cedric Cruess Callaghan, directly manages approximately €420 million* of investments for clients, including Irish families and charities.

The award-winning** firm has two key divisions operating in Ireland — Investment Management and Banking, and the Tax and Business Services division. The firm reported strong results with an increase in group operating income to £215m* (c €275m equivalent) for the firm’s most recent full year ending 30 April 2015.

Asset Risk Consultants’ Group Managing Director, Graham Harrison, said: "We are pleased to welcome the Dublin office of Smith & Williamson as a data contributor to PCI. We both aim to help clients better understand and meet their investment goals. Their membership (of the PCI) demonstrates that they have a commitment to performance transparency. We very much applaud their ongoing dedication."

Funds under management and advice for the Smith & Williamson’s Investment Management and Banking division were about £16bn (€20 billion* equivalent) as at 31 December 2015.

* Funds under management and advice, as at 31 December 2015. An exchange rate of €1.28 to £1 has been used to calculate the above figures (17.02.16).


Contact us

Shane O'Reilly

Shane O'Reilly

Director, Investment Management
T: +353 1 500 6520
email Shane



By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication. Details correct at time of writing.

Smith & Williamson Holdings Limited

Smith & Williamson Investment Management LLP
Authorised and regulated by the Financial Conduct Authority in the UK and regulated by the Central Bank of Ireland for conduct of business rules.

Smith & Williamson LLP
Regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities. A member of Nexia International.

Smith & Williamson Financial Services Limited
Authorised and regulated by the Financial Conduct Authority in the UK and regulated by the Central Bank of Ireland for conduct of business rules.

Smith & Williamson Freaney Ltd
Authorised to carry on investment business by the Institute of Chatered Accountants in Ireland. A member of Nexia International Smith & Williamson Investment Management (Ireland) Limited Registered in Ireland at 6 St. George’s Dock, International Financial Services Centre, Dublin 1. No. 319630

Smith & Williamson Investment Services Limited
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, and regulated by the Central Bank of Ireland for conduct of business rules.

The Financial Conduct Authority and the Prudential Regulation Authority do not regulate all of the services referred to above.

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