Conflicts of Interest Summary
How we identify, prevent, manage, monitor and, where necessary, disclose conflicts of interest in connection with our discretionary model portfolio service.
Quorum Capital Limited is authorised and regulated by the Financial Conduct Authority. We maintain arrangements to identify, prevent, manage, monitor and, where necessary, disclose conflicts of interest that could arise in connection with our discretionary model portfolio service.
Our approach
Quorum provides discretionary model portfolio services through FCA-authorised financial adviser firms. We do not provide personal recommendations directly to retail clients. Adviser firms remain responsible for suitability, but Quorum manages its model portfolios and business arrangements in a way that supports fair client outcomes.
We maintain a written Conflicts of Interest Policy and a conflicts register. These are reviewed at least annually and updated when a new conflict or material change is identified.
Types of conflict that may arise
Conflicts may arise between Quorum and a client or adviser firm, between one client/adviser firm and another, between Quorum and a platform, fund manager, service provider or group entity, or between a relevant person’s personal interests and client interests. Examples include:
- Relationships with adviser firms or wider group entities;
- Fund selection and relationships with fund managers;
- Platform relationships, order transmission and implementation of portfolio changes;
- Personal account dealing by relevant persons;
- Gifts, hospitality, research or other benefits from third parties;
- Confidential information, complaints, errors and remediation.
How we manage conflicts
Quorum uses controls including investment governance, Investment Committee oversight, documented decision rationale, declarations of interest, personal account dealing controls, gifts and hospitality controls, prohibition of commission/rebates/monetary inducements from fund groups or platforms, and monitoring of platform issues, implementation delays, complaints and errors.
Disclosure
Disclosure is used as a last resort. Where our arrangements are not sufficient to ensure, with reasonable confidence, that a conflict will not damage client interests, we will disclose the nature and source of the conflict before undertaking the relevant business, with sufficient detail to allow an informed decision.
Further information
Further information about our conflicts arrangements is available to FCA-authorised adviser firms on request.
Contact: generalenquiries@quorumcapital.co.uk | +44 (0)20 7186 0898