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Services:
Welcome to Butlers
Client
Satisfaction
Delivering a
Quality Service
Working in
Partnership with Butlers
Our Approach to
Treasury Management
Initial Financial
Appraisal
Local Government
Advice
Economic
Forecasting & Interest Rates
Debt Management
Counterparties &
Credit Worthiness
Internal
Investment
External
Investment
Training &
Seminars
Publications &
Website
Client
Satisfaction & Quality Assurance
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Internal Investment
ü Our advice is customised for our clients, not a “one size
fits all”.
ü Our internal investment advisory service promotes
security and optimum returns.
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Butlers Weekly Investment Monitor gives clients a regular
update of market developments and opportunities
Our internal investment advice flows from our successful economic
forecasting. The service (highlighted in the Weekly Investment Monitor)
outlines opportunities across the
yield curve from a short term perspective. This is compiled from an
independent forecast from David Llewellyn, our economics consultant and
our in-house team.
The Weekly Investment Monitor reviews current market rates and compares
these with our forecast. This identifies
value in the yield curve, from short dates to rates up to 5
years. In addition, it assesses recent and forthcoming data releases and
integrates them into our recommendations. It also gives details of any
recent credit rating changes.
The client managers’ knowledge and
understanding of their client’s needs and position ensures that
internal funds are invested to the best advantage of the client. This
proactive approach mirrors other aspects of our Treasury Management
Service, combining our broad expertise to optimise investment decisions.
The client managers speak to their contacts on a regular basis to give
advice on products available and their fit
for purpose.
Internally-managed funds might only be short term, cash flow funds which
will be invested for periods up to one year. However, even in this part of
the yield curve, there are various options
available to clients. The use of term deposits versus bank call accounts
and money market funds is a constant debate and our experience, market
understanding and good forecasting record, enables us to provide the
right advice on a continuous basis whatever the market circumstances.
The introduction of Investment Guidance in England and Wales has
introduced a new range of investment
opportunities for many types of council. Butlers has been
responsive to these changes, providing detailed technical papers on the
changes and assisting clients with the formulation of their Annual
Investment Strategy. We have also been active in investment training,
including the use of longer-dated instruments. Our Weekly Investment
Monitor provides advice on the value of longer term investments, such as
bonds, investment funds and the various individual market instruments
proposed by financial institutions.
Our regular contact with fund
providers and the major financial institutions enables us to keep abreast
of new investment products available to Local Authorities. We assess their
suitability, in terms of risk versus return, for use with current and
future strategies. This is particularly important for those clients who
wish to utilise the new freedoms within the Guidance, including corporate
bonds, property and equities, where the risks increase. We undertake
detailed strategy meetings with clients to ensure they are fully aware of
the risks and returns involved.
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