Latest news with #TrinityBridge
The Herald Scotland
2 days ago
- Business
- The Herald Scotland
How TrinityBridge helps businesses navigate change with confidence
As he reflects on the changes we have seen since the Financial Crisis, Bruce Saunderson, Private Client Director with TrinityBridge, tells us how a deep understanding of business exits, succession planning and wealth preservation allows him to help clients navigate life's financial turning points. 'I'm proud to be able to provide holistic financial planning and investment management services to clients and their families,' Bruce explains. 'My particular specialty is advising business owners in the run-up to an exit and helping them manage their finances after a business sale.' This tailored approach is especially critical in today's volatile financial climate. Recent changes proposed in the UK's Autumn Budget last year – particularly around Inheritance Tax (IHT), pensions, and family businesses – have added complexity to the wealth management landscape. Bruce notes: 'We have seen significant fiscal and economic upheaval before and my experience of advising clients through such troubled times allows me to help clients address the issues and concerns affecting them today' 'A significant amount of my work at the moment is centred around Inheritance Tax planning,' Bruce notes. 'The challenges presented by the proposed IHT changes are shared by a number of my clients and go beyond tax planning, to wider family succession issues. Given this added complexity, my focus is to deliver proven wealth management solutions that are tailored to individual clients and are designed to safeguard assets across generations.' (Image: TrinityBridge's Bruce Saunderson is celebrating his 30th year working in Glasgow) At TrinityBridge, the strategy is about combining time-tested solutions with a deep understanding of each client's unique circumstances. 'We work closely with our in-house investment specialist team to provide advice based on the specific needs, concerns, and objectives of our clients,' Bruce says. 'Having worked in professional practice for most of my career, I understand the importance and value that collaborating with clients' tax, legal and other professional advisers adds.' This collaborative mindset is essential as shifts in financial legislation as well as geopolitical events can occur rapidly. 'Close coordination between financial planners and investment managers is vital to optimise clients' finances' Bruce emphasizes. 'We aim to take an integrated approach - everyone's financial situation and aspirations are different, so it's important to have a financial planner who understands these bespoke needs.' Though TrinityBridge may be a new name, the firm's roots in Scotland – and Bruce's in Glasgow – run deep. 'I joined TrinityBridge in 2017. Glasgow has been my home for nearly 30 years, since graduating from Edinburgh University with a joint degree in Law and Accountancy.' Bruce's career has spanned boutique firms and legal and Big Four giants, giving him a distinctively broad perspective. 'As a company, we are able to offer a great mix of expertise to clients – having a wide-reaching talent pool across the UK to draw from, paired with the ability to engage in local one-on-one relationships thanks to our regional footprint.' Looking ahead, Bruce sees the firm's new name as a natural evolution. 'It's just another step on our journey,' he says. 'We have to the platform to continue to show clients that we are a great avenue to achieving their financial goals – not just for themselves, but for their families for years to come.' As for personal milestones, there's one more on the horizon: 'I need to think about how I'm going to celebrate my 30th year of living in Glasgow,' Bruce laughs. With a legacy of trust and a future-focused mindset, TrinityBridge is not just managing wealth – it aims to shape financial legacies. ■ Please be aware that no investment, or investment strategy, is without risk. The value of investments can fall as well as rise and you may get back less than you invested
CNBC
3 days ago
- Business
- CNBC
How tourists alerted this fund manager to sell Moncler before its stock plunge
In February, while luxury brand Moncler was still basking in the glow of a stellar 20% share price surge from January, fund manager Giles Parkinson made a contrarian move: he sold out. His decision, driven by subtle signals in tourist spending data, ultimately proved to be the right one. By the end of March, Moncler's shares had plummeted over 14%, and its subsequent first-quarter results in April confirmed a growth slowdown. MONC-IT YTD line "We sold out of Montcler," said Parkinson, head of equity at asset manager Trinity Bridge. "The reason, the proximate cause for that, in isolation, was a more cautious assessment of the future growth of the luxury industry than we had before." Parkinson's caution wasn't borne out of analyst reports, hushed industry whispers, or traditional financial modeling, but from what he called a "good short-term guide to luxury industry writ large": the spending patterns of international tourists. Tourism spending data as a proxy Parkinson, who manages about £5 billion ($6.7 billion) in assets across several funds, said his decision to close his Moncler position partly stemmed from data provided by Global Blue, a firm which helps tourists and retailers with tax refunds. Typically, tourists can claim a refund on the sales tax or value added tax component of their total bill, which is often significantly large when making high-end luxury goods purchases. "More than 50% of luxury goods purchases are made by people travelling," said Luca Solca, head of luxury goods equities research at Bernstein. "This was the situation pre Covid-19, and we are now back to it." Global Blue's data for Europe, which is a significant destination for luxury goods shoppers, indicated a year-on-year growth of +9% for February, a 10-percentage-point deceleration from the 19% recorded in January. "We found, on a month-to-month basis, that's quite a good proxy for almost the trading health of the overall luxury industry," Parkinson said. "There wasn't anything notable affecting the comparative period or calendar effects or travel disruption," Parkinson noted. This clean signal, free from obvious distorting factors, amplified its significance. Even Japan, another destination for luxury goods shoppers from China, "also showed a deceleration in February," albeit with some Chinese New Year timing nuances. The numbers, though, were unambiguous for Parkinson, telling a story which he expected the companies in the luxury goods sector to echo in a few weeks. The data-driven conclusion the Trinity Bridge fund manager had arrived at was also contrary to the market sentiment at the time, which was expecting a long rebound in the luxury sector after a trough at the end of 2024. "Our assessment was that investors were looking for acceleration. [Fourth quarter] 2024 being the bottom for luxury was maybe going to be mis-founded," Parkinson added. The divergence between his data-led view and market hopes was key to his decision to divest Moncler. Global Blue's weak February European shopper data released on March 5 did indeed work as a catalyst. Moncler's stock, which had traded buoyantly, reversed and gradually ended March with a painful 14.4% decline. Moncler confirms the trend Moncler's first quarter 2025 report on April 16, while not disastrous, painted a clear picture of a company navigating choppier waters. The group's global sales rose by 1% to 829 million euros ($936.4 million). Crucially, the flagship brand Moncler saw sales rise only 2% and its crucial Europe, Middle East, and Africa region fell by 1%. The softening trend in tourist spending lingered. Global Blue's March 2025 data, released on April 9th, showed European tax-free sales growth decelerating further to +7% year-on-year. Parkinson is also not alone in using alternative and publicly available data to make trading decisions, and its impact may not be limited to the luxury sector stocks. Deutsche Bank and RBC Capital Markets analysts have also cited the use of tax-free shopping data in their assessments. "While this is not a direct read on cross-border transactions, we view it as a strong proxy for certain key European and Asian markets," said Daniel Perlin, analyst at RBC who rates fintech companies such as Visa , Mastercard , PayPal and Shift4 . Bernstein's Solca said that while Global Blue is the "absolute leader" in the tax-free shopping data, he cautioned that investors should use it as only one factor in making investment decisions. "They are one piece of a bigger mosaic, I would think," Solca added.
Yahoo
21-05-2025
- Business
- Yahoo
TrinityBridge Expands Strategic Partnership with SEI for Cloud, Cybersecurity, and Network Services
SEI Drives Global Growth with First SEI Sphere Client in UK/EMEA LONDON and OAKS, Pa., May 21, 2025 /PRNewswire/ -- SEI® (NASDAQ:SEIC) today announced that TrinityBridge has expanded its strategic partnership with SEI, adopting SEI Sphere® for unified managed services across cloud, cybersecurity, and network operations. SEI Sphere modernises enterprise technology and data infrastructure to help organisations operate securely and efficiently in an increasingly complex digital landscape. Already leveraging the SEI Wealth Platform℠ and SEI Data Cloud, TrinityBridge is the first UK/EMEA client to implement SEI's award-winning managed services platform, embracing its integrated suite of market-leading technology and operational solutions to drive digital innovation and fuel long-term growth. By adopting a unified approach and drawing on SEI's extensive IT expertise, TrinityBridge can gain enhanced enterprise visibility and unlock long-term operational value by: Replacing fragmented IT with an integrated platform that enables secure, resilient, scalable, and collaborative operations Driving greater efficiency and business impact with real-time, actionable intelligence to support confident, strategic decision-making Consolidating vendors and technology investments to better align with business priorities and deliver measurable return on investment Gregg Clarke, COO at TrinityBridge, said: "Our commitment to becoming the highest quality place for wealth professionals and their clients in the UK means that we need to integrate select, best-of-breed technologies into our solution. We chose SEI as a strategic partner because they both understand our business and are technologically and culturally aligned. As we continue to deliver a modern wealth management experience, SEI was the only company that could bring network, cloud, and cybersecurity together in a proven, cost-effective manner. "The expansion of our strategic partnership enables us to take superior customer service and protection to the next level. SEI Sphere's prescriptive approach to delivery allows us to not only provide reliable, quality, and timely service to clients, but it also helps us meet evolving regulations while adhering to the highest standards of data protection—all without the complexity of working with multiple providers. SEI is a trusted entity whose breadth of capabilities has enabled clients' growth for 57 years. We're thrilled to deepen our relationship to help protect our operational integrity and reach our growth ambitions." Steve Bomberger, Head of SEI Sphere, added: "We're excited to partner with TrinityBridge as they embark on a transformative journey to redefine their IT strategy and position their business for lasting, sustainable success. This deepening collaboration is a powerful testament to the impact of SEI's integrated digital transformation approach. Through SEI Sphere, TrinityBridge is not just simplifying and securing their operations, but aligning technology with a bold vision for growth, while maintaining the agility and resilience that will shape the future of wealth management in an ever-evolving industry." About SEI®SEI (NASDAQ:SEIC) is a leading global provider of financial technology, operations, and asset management services within the financial services industry. SEI tailors its solutions and services to help clients more effectively deploy their capital—whether that's money, time, or talent—so they can better serve their clients and achieve their growth objectives. As of March 31, 2025, SEI manages, advises, or administers approximately $1.6 trillion in assets. For more information, visit About SEI Sphere®SEI Sphere equips organisations with a secure, structured path to modernisation through its unified suite of cloud, cybersecurity, and network services. As businesses grow and face increasing regulation, SEI Sphere provides the support needed to establish and maintain a secure, scalable, and future-proof technology foundation. For more than 55 years, SEI has provided technology platforms and solutions that enable clients to focus on strategic initiatives and drive future growth. For more information, visit Company Contact: Media Contact: Leslie Wojcik Amelia Graham SEI Vested +1 610-676-4191 +44 (0)7393 477 057 lwojcik@ amelia@ HazardVested+1 917-765-8720eric@ View original content: SOURCE SEI Investments Company Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Herald Scotland
08-05-2025
- Business
- The Herald Scotland
TrinityBridge: A wealth of energy and ideas clients can count on
Indeed, the leading wealth management firm has been working with individuals, families, professionals, and businesses to guide them towards making the right financial choices for their unique circumstances for more than 30 years. In March, Close Brothers Asset Management unveiled the TrinityBridge name following completion of its sale to funds managed by Oaktree Capital Management LP. As a standalone, independent business, this year sees the respected institution embark on the next phase of its journey. TrinityBridge has also launched a £35 million investment programme to enhance its technology as it becomes an independent firm. For Marcelo Rodrigues, Managing Director of TrinityBridge in Scotland, any suggestion that this current era of geopolitical uncertainty is the wrong time to launch as an independent business is quickly swept away. 'There's been uncertainty before – the financial crisis and recession in 2008/09 and, more recently, the Covid pandemic – and it is inevitable that we will face periods of uncertainty in the future,' he points out. 'My view is that during times when there is so much volatility… that is when the value of what we do as a business really comes to life! The world doesn't stop for our clients – they still have decisions to make and businesses to run. Our job is to provide guidance and support, and help them navigate challenges and optimise opportunities provided by an ever-changing external environment. 'We can't control politics or what's happening at home or in other parts of the world – but we can control the service and the advice we provide to our clients, and how these are constantly reviewed and adapted to create the best possible outcomes for their individual circumstances.' Mr Rodrigues, who joined the company last summer from Schroders Personal Wealth where he was responsible for business development and partnerships, has also held senior management positions at NatWest and Lloyds Banking Group. As a highly qualified and experienced Wealth Manager himself, he is unapologetic about his belief that a client-centric approach is the only feasible route to sustainable success, and one that benefits all parties involved. At TrinityBridge, he is 'channelling the energy of the people in the business' to drive it forward and achieve its growth ambitions. 'We have a very powerful business model with our integrated proposition of investment management and financial planning – that makes us stand out in the wealth management space and able to react to market influences,' says Mr Rodrigues. He also points to TrinityBridge's people as its 'biggest asset', adding: 'We're a people business. We have a great mix of people from various backgrounds – some have trained with the Big Four, others have started their career with us. Our recruitment process is very thoughtful and having such a diverse pool of talent is hugely beneficial for our clients, too. It's a very cohesive approach, combining experience and creativity from a thoroughly diverse set of minds.' Looking at the wider investment management and financial planning landscape, Mr Rodrigues points to a huge amount of consolidation in recent years, largely driven through increased regulation which makes it more difficult for smaller competitors. 'The UK market has always been very fragmented, which makes it more challenging to regulate,' he explains. 'It makes it difficult to maintain oversight, often leading to poor client experiences and results 'Regulation evolves and that is important if we are to deliver the best outcomes for our clients.' With offices in Melville Street, Edinburgh and Glasgow's St Vincent Street, TrinityBridge serves clients the length and breadth of the country, from Shetland down to the Scottish Borders, covering the islands, Inverness and Aberdeen, now home to GB Energy, the new, publicly-owned, clean energy company set up by the UK Government. 'Growth is very much on our agenda, and our priority is organic growth. We want to grow the business in a sustainable way,' Mr Rodrigues points out. 'We are focused on our existing client base and what we find is that, when you do that, growth comes through client referrals from their network. 'That is the most sustainable way to grow and ensures that our clients receive what they want and deserve.' Asked if TrinityBridge will expand its physical presence in Scotland in the future, Mr Rodrigues said: 'We will absolutely explore any opportunities that arise and it is interesting that we've experienced considerable growth in rural areas. We support clients from many different sectors, including agriculture, land management, renewables, and oil and gas. As we grow, we will not rule out opening new offices.' As part of its growth ambitions north of the Border, the firm has also recently announced the appointment of Andrew Knight as client relationship director for Scotland. Mr Knight has a proven track record in financial planning and client relationship management and will play a key role in identifying and securing new client relationships, developing strategic partnerships, and enhancing the firm's market presence. 'As we move forward, our key message to our clients is that we have an incredibly strong brand – we may have a new name, but our clients continue to be served by the same people they have built strong, trusting relationships with,' assures Mr Rodrigues. 'There's a new name above the door but it is business as usual. 'However, we know that we need to work very hard to keep raising awareness of the benefits of what we do – for existing and prospective clients. We take nothing for granted in a competitive environment but we do play to our strengths and the fact that we have bespoke investment management and financial planning services under one roof is very much our key point of difference.'
The Herald Scotland
08-05-2025
- Business
- The Herald Scotland
TrinityBridge: A wealth of energy and ideas clients can bank on
Indeed, the leading wealth management firm has been working with individuals, families, professionals, and businesses to guide them towards making the right financial choices for their unique circumstances for more than 30 years. In March, Close Brothers Asset Management unveiled the TrinityBridge name following completion of its sale to funds managed by Oaktree Capital Management LP. As a standalone, independent business, this year sees the respected institution embark on the next phase of its journey. TrinityBridge has also launched a £35 million investment programme to enhance its technology as it becomes an independent firm. For Marcelo Rodrigues, Managing Director of TrinityBridge in Scotland, any suggestion that this current era of geopolitical uncertainty is the wrong time to launch as an independent business is quickly swept away. 'There's been uncertainty before – the financial crisis and recession in 2008/09 and, more recently, the Covid pandemic – and it is inevitable that we will face periods of uncertainty in the future,' he points out. 'My view is that during times when there is so much volatility… that is when the value of what we do as a business really comes to life! The world doesn't stop for our clients – they still have decisions to make and businesses to run. Our job is to provide guidance and support, and help them navigate challenges and optimise opportunities provided by an ever-changing external environment. 'We can't control politics or what's happening at home or in other parts of the world – but we can control the service and the advice we provide to our clients, and how these are constantly reviewed and adapted to create the best possible outcomes for their individual circumstances.' Mr Rodrigues, who joined the company last summer from Schroders Personal Wealth where he was responsible for business development and partnerships, has also held senior management positions at NatWest and Lloyds Banking Group. As a highly qualified and experienced Wealth Manager himself, he is unapologetic about his belief that a client-centric approach is the only feasible route to sustainable success, and one that benefits all parties involved. At TrinityBridge, he is 'channelling the energy of the people in the business' to drive it forward and achieve its growth ambitions. 'We have a very powerful business model with our integrated proposition of investment management and financial planning – that makes us stand out in the wealth management space and able to react to market influences,' says Mr Rodrigues. He also points to TrinityBridge's people as its 'biggest asset', adding: 'We're a people business. We have a great mix of people from various backgrounds – some have trained with the Big Four, others have started their career with us. Our recruitment process is very thoughtful and having such a diverse pool of talent is hugely beneficial for our clients, too. It's a very cohesive approach, combining experience and creativity from a thoroughly diverse set of minds.' Looking at the wider investment management and financial planning landscape, Mr Rodrigues points to a huge amount of consolidation in recent years, largely driven through increased regulation which makes it more difficult for smaller competitors. 'The UK market has always been very fragmented, which makes it more challenging to regulate,' he explains. 'It makes it difficult to maintain oversight, often leading to poor client experiences and results 'Regulation evolves and that is important if we are to deliver the best outcomes for our clients.' With offices in Melville Street, Edinburgh and Glasgow's St Vincent Street, TrinityBridge serves clients the length and breadth of the country, from Shetland down to the Scottish Borders, covering the islands, Inverness and Aberdeen, now home to GB Energy, the new, publicly-owned, clean energy company set up by the UK Government. 'Growth is very much on our agenda, and our priority is organic growth. We want to grow the business in a sustainable way,' Mr Rodrigues points out. 'We are focused on our existing client base and what we find is that, when you do that, growth comes through client referrals from their network. 'That is the most sustainable way to grow and ensures that our clients receive what they want and deserve.' Asked if TrinityBridge will expand its physical presence in Scotland in the future, Mr Rodrigues said: 'We will absolutely explore any opportunities that arise and it is interesting that we've experienced considerable growth in rural areas. We support clients from many different sectors, including agriculture, land management, renewables, and oil and gas. As we grow, we will not rule out opening new offices.' As part of its growth ambitions north of the Border, the firm has also recently announced the appointment of Andrew Knight as client relationship director for Scotland. Mr Knight has a proven track record in financial planning and client relationship management and will play a key role in identifying and securing new client relationships, developing strategic partnerships, and enhancing the firm's market presence. 'As we move forward, our key message to our clients is that we have an incredibly strong brand – we may have a new name, but our clients continue to be served by the same people they have built strong, trusting relationships with,' assures Mr Rodrigues. 'There's a new name above the door but it is business as usual. 'However, we know that we need to work very hard to keep raising awareness of the benefits of what we do – for existing and prospective clients. We take nothing for granted in a competitive environment but we do play to our strengths and the fact that we have bespoke investment management and financial planning services under one roof is very much our key point of difference.'
