The London-based firm will provide services ranging from discretionary manager search to detailed portfolio reporting.

Trustee Investment Consulting has launched in London to provide trustees and their clients with services to manage risk and enable greater control across asset classes.

Set up by industry veterans Russell Bussey, Kristopher Heck and Alex Eichhorn, TIC aims to help trustees improve their risk controls. Its services include aggregated reporting, advice on independent manager selection and on ways to understand and control investment costs.

“Our team has many years’ experience in institutional asset management, private banking and wealth management and offers a hands on approach to working with trustees in respect of their responsibilities and their client assets,” said Russell Bussey, founder and principal. 

“Our goal is to stand alongside trustees to ensure that investment portfolios and other valuable assets are reported properly, advice is provided where necessary, and to find the best solutions to any investment related problems. In essence, to provide independent and intelligent investment advice.”

TIC, which is fully independent, has already advised on over £100 million ($130 million) of assets, either through manager search and selection or by helping to ensure managers are working to an agreed asset allocation to meet the client’s goals. 

Bussey has over 38 years of private client experience, having worked at major investment houses including UBS, Credit Suisse and Kleinwort Benson. He helped establish the Society of Trust and Estate Practitioner (STEP) Awards in 2004 where he was deputy chair of judges before standing down in 2013. Bussey was the originator of the STEP indices.  

Heck founded Tanager Wealth Management in 2012, providing investment advisory services to wealthy Anglo-American families. Eichhorn left a career in private banking in 2008 to help set up a wealth management firm providing local advice to US expats living in the UK. After helping to guide the company to $500 million of assets, he left at the end of 2011 and joined Tanager Wealth Management in 2013.