Singer & Friedlander has started to offer structured products to its high-net-worth clients. The structured products are being offered as an option under Singer & Friedlander's portfolio management service, which is for clients investing GBP250,000 (USD473,000) or more.
Philip Gent and Robert Walker, investment directors who joined six months ago from Atlantic Wealth Management, are managing the service. Walker explained the boutique is also interested in products offering downside protection on hedge fund investments. Walker added clients need to be able to understand the products and to exit them if they want to. "We want products that can be traded in a secondary market," he said. Gent and Walker have included a commodities index product structured by Dawnay Day Quantum (DW, 10/1) as an investment option.
Singer & Friedlander will consider white labeling and working with banks to structure its own products in the future. However, Walker noted, "At the moment, the products coming across our desk already meet our requirements."