Chancellor Hattersley Lloyd

We believe that with a properly managed approach to investment, an investment portfolio should deliver reliable capital appreciation and growth in dividend payments. Chancellor Hattersley Lloyd is a value based investment adviser. This means that we seek to invest in stocks that are priced below estimated value based on the fundamental evaluation of those stocks. Our stock selection is based on the view that a particular investment will deliver above market returns through a combination of capital growth and dividends.

Chancellor Hattersley Lloyd seeks to understand the client’s investment objectives, financial situation and particular needs, for both the overall asset allocation of their investments and specifically for investing in equities. A key element to Chancellor Hattersley Lloyd ’s service is to enhance client’s understanding of the strategies and alternatives available to them.

For instance central to establishing appropriate investment strategies is to understand the client’s investment objectives, financial situation and particular needs, including income requirements, current and likely future taxation position and capital appreciation objectives. It is only then that the benefits of dividend imputation (franking credits) and the possible discounting of realised capital gains by up to 50%, (or in certain circumstances the historical indexing of capital gains) can be maximised.

The decision to sell must reflect the long-term expectation of returns as well as the impact of taxation The decision should not reflect short-term volatility in the share price and so we do not advise to sell unless we believed the long-term expectations have diminished. Whilst share market trading can provide some significant gains (and losses), we do not believe that this approach can deliver real long-term growth.