jonathanfry plc's Personal Managed Portfolio is a revolutionary discretionary investment management service which combines sophisticated modelling and personal service to create a unique and bespoke portfolio for each of our unique clients.

To construct your Personal Managed Portfolio, we explore with you:

• How much you wish to invest
• How long you expect to invest your money for
• How much risk you are prepared to take
• Your attitude to stock-picking and tactical investing
• Which tax-wrappers you should invest through

We then tailor the management of your portfolio to match your needs and your views about these issues. Our sophisticated modelling tools create a cost-effective portfolio using a wide range of asset classes derived directly from your needs and views. These modelling tools are maintained and developed by our highly qualified and professional team (including two senior actuaries) and are reviewed by our Investment Committee.

After you invest your money, your portfolio is continuously monitored. If major market movements mean that your asset allocation has moved significantly away from the optimal allocation, the movement is corrected. A full review of the portfolio is conducted at least quarterly, and the portfolio rebalanced to keep it in line with your needs.

Over the years, the optimal asset allocation to meet your needs is likely to change. For example, if you are investing to allow you to repay a mortgage in 10 years' time, it will be appropriate for that part of your Personal Managed Portfolio to move towards relatively stable assets as repayment approaches. Our portfolio management process makes sure this happens.

We report on the progress of your portfolio regularly and if your portfolio is larger than £500,000, we will provide online reporting through OmniView®. You can change your instructions to us if your needs or views change. If you do this, your portfolio is adjusted to reflect your revised instructions. If you decide you want to withdraw your money early, you can.

Our fee for running your Personal Managed Portfolio varies according to the size of your investment with us. It is 1% pa up to £500,000, 0.7% pa from £500,000 to £1m, 0.6% pa from £1m to £3m and 0.5% pa above £3m. Most of our portfolios are constructed using low-cost funds which means that the total expense ratio for your Personal Managed Portfolio is likely to be extremely competitive. The actual total level of expenses for your Personal Managed Portfolio will include charges made by our dealing platform provider Raymond James Investment Services and depends on your detailed instructions. We can estimate it and discuss it with you before you invest.

In summary, your Personal Managed Portfolio provides the following benefits:

• A genuinely unique portfolio designed for you ....
• .... which develops and changes as time passes to meet your particular needs
• The ability to change your instructions if your needs change
• The ability to invest via ISAs, SIPPs and offshore bonds
• Highly competitive charges and total expenses

This is only a brief summary of the main features and benefits of jonathanfry plc's Personal Managed Portfolio. For full details contact us.