Not Your Typical Asset Manager

Segregated Portfolios ensure safety of Assets

History & Corporate Profile

Core Values

Investment Approach

Advantages

Founded in 1993 in partnership with N.M. Rothschild, Five Continents Financial Limited has been based in the Cayman Islands since then.

A majority interest in the company was acquired by a subsidiary of The Bank of Nova Scotia in 2009. The Scotia interest was purchased by the co-founders in a management buy-out in 2013 and has remained independent since.

 

Five Continents is a professional services firm that specializes in providing discretionary asset management services and related corporate, advisory and director services. We are not brokers, we don’t get paid trading or trailing commissions, we use our considerable expertise to protect and grow client portfolios for a fee based on the market value of the portfolio, aligning our interest with those of the client. Our advice is unbiased, not clouded with the conflicts inherent in large banks or brokers.

We provide investment advice and related corporate services to clients with portfolio assets in excess of $2.0B through a variety of engagements ranging from family office investment committee appointments to fully discretionary asset management mandates. We are strongly focused upon providing customized value-added financial services for private clients, trusts, corporations, insurance companies and pension plans.

Five Continents Financial Limited is regulated by the Cayman Islands Monetary Authority (“CIMA”) under the following laws and licenses:

  1. The Companies Management Law;
  2. The Mutual Fund Law; and
  3. The Securities Investment Business Law.

History & Corporate Profile

Core Values

Investment Approach

Advantages

Putting our client first

We take time to understand and determine our client needs while clearly communicating with each client. We provide timely access for clients and their professional advisors directly to our decision makers. We have no conflicts created by compensation methods or corporate finance/underwriting.

 

Value

We are driven by finding value for our clients in their portfolios and related financial services. We prefer investments that produce absolute returns. We are experienced professionals and look to add-value to our clients beyond their portfolios.

 

Risk Management

We understand risk. We take risk only when the rewards justify the level of risk taken and fall within the client mandated tolerances. Client portfolios are high quality and well diversified. Our clients win by not losing.

 

Long Term Relationships

Our senior staff are principals in the business ensuring continuity. Our goal is to build long term mutually beneficial relationships.

History & Corporate Profile

Core Values

Investment Approach

Advantages

  1. Develop an investment strategy and guidelines with client that defines parameters of investments and factors that guide the management of the portfolio
  2. Construct a customized portfolio of global securities
  3. Actively monitor and manage the portfolio within the established mandate
  4. Meet with client on a regular basis to review investment strategy and portfolio

 

undefined

History & Corporate Profile

Core Values

Investment Approach

Advantages

  1. Experience: We are the largest Cayman based discretionary asset manager. We have been managing institutional and private client assets for over 20 years. We understand the importance of preserving capital. Our clients win, by not losing
  2. Independence: No trading fees, trailing commissions or pushed products to sell like other large financial institution. Our overhead is relatively low and we seek best price execution through our broker dealer networks. All of this reduces the clients cost and enhances portfolio returns.
  3. Secure Assets: Investment assets are held in segregated accounts with investment grade rated custodians. We do not use prime brokerage accounts, lend or leverage our clients securities
  4. Professional & Accredited Staff who act as Fiduciaries: Three CFA Charterholders on the FCFL Investment Committee, holding investment decisions to the highest ethical standards. Every investment decision is made based for the best interest of the client.

High-Net Worth & Trust Clients

Family Offices

Five Continents customizes investment portfolios for Private Clients on a segregated basis to meet their specific needs and requirements. It is our goal to build portfolios that provide above average long term performance while preserving capital and reducing risk.

Private Clients benefit from this exclusive service offering in a number of ways:

  1. Unique Portfolios – Each portfolio is tailored to the individual client needs and designed to meet specific objectives, such as higher yield, capital preservation and long-term growth, offering greater asset allocation flexibility.
  2. Lower Fees – No trading fees, trailing commissions or pushed products to sell like other large financial institution. Our overhead is low and we seek best price execution through our broker dealer networks. All of this reduces the clients cost and enhances portfolio returns.
  3. Greater control of tax considerations – We will seek to reduce the impact of withholding taxes on dividends by holding securities domiciled in Ireland or by rotating to equivalent alternative securities before the relevant ex-dividend days.
  4. Segregated Assets – individual client portfolio are held in segregated accounts with investment grade rated custodians. We do not use prime brokerage accounts, lend or leverage our client’s securities
  5. Access to Investment Management Team – A key element of our service is direct access to the investment manager responsible for your portfolio

High-Net Worth & Trust Clients

Family Offices

All families are different and this makes every investment mandate unique. Our investment management services are designed to meet individual family needs. The core of our investment service is discretionary portfolio management in the form of direct equity and bond investment and we among the largest private discretionary managers in the Caribbean.

In addition to discretionary asset management, we act on investment committee boards and provide advisory services for family offices with assets in excessive of US$1.5 Billion and maintain a deep understanding of the complexities of multi-generational family wealth.

We appreciate that there are different approaches to investment, but in the broadest sense we are conservative investors and are conscious that real capital preservation is a concern for most families.

A key element of our service is direct access to the investment manager responsible for your portfolio

Captive Insurance

Liquidation Assets

Pension Plans

Treasury Management

The Cayman Islands is the second largest domicile for captives and holds the number one position worldwide for healthcare captives. Five Continents has been managing captive assets for over 20 years, with approximately US$250MM institutional assets under management. We have worked with a wide range of captives, both small and large to preserve capital and grow sustainable equity over the long-term.

Captive Insurance Companies benefit from this exclusive service offering in a number of ways:

  1. Deep understanding of Captives – Having managed captive assets for over 20 years, we have gained a deep understanding of the various captive structures and life cycles. We look to add value by understanding the complete business model, which allows us manage liquidity and risk to the optimal level.
  2. Strong relationship with Service Providers – We work closely with the major captive managers, custodians and banks to ensure no disruption to the day-to-day business and long-term goals are aligned with strategic asset allocation.
  3. Competitive Fee Structure – No trading fees, trailing commissions or pushed products to sell like other large financial institution. All of this reduces the clients cost and enhances portfolio returns.
  4. Secure Assets – Investment assets are held in segregated accounts with investment grade rated custodians. We do not use prime brokerage accounts, lend or leverage our client’s securities
  5. Professional & Accredited Staff who act as Fiduciaries – Three CFA Charterholders on the Five Continents Investment Committee, holding investment decisions to the highest ethical standards. Every investment decision is made based for the best interest of the client.

Captive Insurance

Liquidation Assets

Pension Plans

Treasury Management

Five Continents approach to treasury mandates is a superior approach to managing risk versus keeping money on deposit with a bank, noting many Cayman Islands bank subsidiaries are unrated. Even large rated banks are not immune to failure as demonstrated in the 2008/09 financial crisis.

We believe diversification across highly rated bonds is crucial to ensure shareholders, creditors and liquidators’ interests are protected. This provides strong diversification across government, corporate and bank bonds, which are held in a segregated custody account with a highly rated institutions. In addition to reducing risk via diversification & strong ratings, the bonds provide great liquidity and a reasonable risk adjusted returns.

Captive Insurance

Liquidation Assets

Pension Plans

Treasury Management

Five Continents has been managing pension fund assets for over 10 years. We have experienced professionals dedicated to advising corporate pension plans and delivering solutions focused on strategic asset allocation, risk management and the changing economic and regulatory landscape. Our innovative, comprehensive approach includes:

  1. Asset allocation strategies
  2. Advisory services
  3. Investment and cash management

 

Captive Insurance

Liquidation Assets

Pension Plans

Treasury Management

Five Continents specializes in providing treasury management solutions for a wide variety of clientele. By taking a proactive approach to short-term cash management, treasurers and CFO can help to preserve their company’s capital. Short-term money market securities provide great diversification and reduces credit risk significantly, noting most Cayman banks are subsidiaries and are not rated or guaranteed by the parent.

The priority of these mandates are to preserve capital, ensure liquidity, and provide a risk adjusted return that is far superior to placing money on deposit with one specific unrated bank. These mandates are tailored to meet each client’s specific needs and requirements.

Scott Elphinstone, MBA, CPA, CA, CFA​
Managing Director, Chief Investment Officer
tel 345-949-3022 , Fax 345-949-3177
scott.elphinstone@fivecontinents.ky


A founding partner of the company in 1994, Scott’s previous investment experience includes director level positions at Royal Trust in Barbados and Toronto. He is a member of the Cayman Islands Society of Professional Accountants, CPA Institute (Canada) and the CFA Institute. Scott is a graduate of the University of Toronto and York University and is a former Audit Senior at Deloitte. Scott has over 20 years of active global portfolio management experience.

William Messer, BA, LL.B, TEP
Managing Director
tel 345-949-3022 , Fax 345-949-3177
bill.messer@fivecontinents.ky


As a founding partner in the company in 1993, Bill’s previous experience includes the position of Managing Director at Royal Trust in the Cayman Islands. He is a Member of the Law Society of Alberta, the Canadian and International Bar Associations as well as the Society of Trust and Estate Practitioners. Bill received his undergraduate degree in Political Science and Economics at the University of Saskatchewan and his law degree from the University of Wales (UK). He was an Associate at the international law firm of MacLeod Dixon based in Calgary and has over 20 years of international business development and financial services management experience.

Tom Simpson, B.A.Sc., M.B.A
Chairman (non-executive) of Five Continents Board of Directors
tel 345-949-3022 , Fax 345-949-3177
tom.simpson@fivecontinents.ky


Tom has been an independent director for over 30 years. After completing a successful executive career on Bay Street in 2000, Tom pursued corporate director positions in Canadian public, private and non-for-profit sectors. In 2006, he completed the Directors Education Programme at the Rotman School and obtained his ICD.D from the Institute of Corporate Directors. Tom received industrial engineering and MBA degrees at the University of Toronto. His career began on Bay Street as an investment banker, working with Scotia McLeod for six years, gaining securities industry and equity and debt raising experience, M&A work structured products and financial advice across a wide scope of industries. Tom's international experience includes 14+ years on the Five Continents Board of Directors for 14+ playing a key role in negotiating the transactions between Five Continents and Scotia Bank.

Katherine Tathum, BA, MBA
Senior Manager, Client Services
tel 345-949-3022 , Fax 345-949-3177
katherine.tathum@fivecontinents.ky


Katherine has worked with Five Continents since its inception, and has experience in the financial industry for the past 15 years. She manages the operations of the company and is involved in asset management. Katherine has a BA in Economics from York University, in Toronto and an MBA from the International College of the Cayman Islands.

Neville T.T. Hicks, CFA
Director, Client Relations
tel 345-949-3022 , Fax 345-949-3177
neville.hicks@fivecontinents.ky


Neville is responsible for deepening existing client relationships and developing new relationships within the private wealth and institutional client spectrum. Prior to joining the Five Continent’s team, he spent 8 years working in Corporate and Investment Banking with Scotiabank in Toronto and Cayman. Neville received his bachelor degree from Dalhousie University (Major in Finance) and is a CFA (Chartered Financial Analyst) Charterholder.

Christoph Barnett, MSc, CPA, CFA
Portfolio Manager
tel 345-949-3022 , Fax 345-949-3177
christoph.barnett@fivecontinents.ky


Christoph has been with Five Continents since 2014 and brings with him more than six years of experience in the financial services industry. He performs essential analysis of client portfolios and provides research and analysis on investment opportunities. He is a Certified Public Accountant and a CFA (Chartered Financial Analyst) charter holder. Christoph received his undergraduate degree from Florida Southern College and his graduate degree from the London School of Economics.

Insights

Investment Commentary 4th Quarter 2015

by Christoph Barnett, MSc, CPA, CFA on 01-22-2016

In December, the US Federal Reserve finally made the long anticipated decision to raise short term interest rates off of the zero bound where they had rested since December 2008. Dev...

Read More >

Insights

Investment Commentary 3rd Quarter 2015

by Christoph Barnett, MSc, CPA, CFA on 09-30-2015

The bull market has faltered in the US as the S&P 500 failed to achieve a quarterly gain, breaking its streak of ten straight positive quarters. Equity markets around the world l...

Read More >

Contact Us

Five Continents Financial Ltd.

4th Floor Anderson Square, 64 Shedden Road,
P.O. Box 10324, Grand Cayman, KY1-1003,
CAYMAN ISLANDS
T: 345-949-3022

2017 11 18 08:47:9545