Discretionary investment management for advisers

We manage portfolios so advisers can focus on advice.

TAM Asset Management International provides model portfolios and bespoke discretionary solutions for financial advisers, trustees, and family offices. Our role is clear. We design, manage and monitor portfolios within defined risk parameters, supported by transparent reporting and robust governance.

Whether you use our model portfolios, a bespoke discretionary mandate, or a hybrid approach, our objective is the same. To deliver disciplined investment outcomes through changing market conditions.

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ADVISER GUIDE

Who we work with

Designed around different advisory roles.

Financial Advisers (IFAs)

We act as your investment partner, managing portfolios within defined risk parameters so you can focus on advice and client relationships.

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Trustees and pension providers

Independent discretionary management with clear governance, transparent processes, and suitability for international client structures.

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Family offices and private clients

Discretionary portfolios applying institutional discipline to long-term private wealth.

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Our investment solutions

Flexible solutions within clear risk frameworks.

Model portfolio services

Actively managed portfolios aligned to defined risk profiles, designed to integrate seamlessly into adviser processes.

View our model portfolios

Bespoke discretionary portfolios

Tailored portfolios built around specific objectives, constraints, or existing holdings.

Explore bespoke portfolios

Hybrid and execution-only solutions

Discretionary management combined with execution-only holdings where appropriate, typically alongside a core portfolio.

Learn about hybrid solutions

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LATEST MARKET INSIGHTS

A Healthier Kind of Volatility
January 2026

A Healthier Kind of Volatility

Markets are becoming more selective. Investors remain engaged, but with greater discipline, as capital rotates away from crowded areas and towards a broader range of opportunities.

This environment rewards diversification, valuation awareness, and active decision-making. At TAM, we build globally diversified portfolios designed to navigate market vola...

2026 Outlook: From Concentration to Broadening Opportunity
December 2025

2026 Outlook: From Concentration to Broadening Opportunity

A year-end investment outlook reflecting on the resilience of markets in 2025 and the risks and opportunities shaping 2026.

The note explores AI-driven concentration, the case for broader market leadership, and how diversified portfolios are positioned across equities, fixed income, and regions.
 

A Budget for Credibility, Not Transformation
December 2025

A Budget for Credibility, Not Transformation

The UK’s Autumn Budget delivered steady policy rather than major reform. Our latest note explains the key measures, the likely impact for UK savers and markets, and why TAM increased its gilt exposure ahead of the announcement.

Excuse me Sir, I think your shorts are on fire!
November 2025

Excuse me Sir, I think your shorts are on fire!

It won’t be lost on many that 2025 has been a gangbusters year for stocks, global equities up nearly 20% in 2025 in dollar terms and that’s including a pretty spicey sell off in April around Trump’s tariffs.

If one looks at the rally in the aftermath of that sell off you will see global equities having rallied 33%, almost in a straight line since then.

Discernment Over Cynicism: Seeing Markets for What They Are
November 2025

Discernment Over Cynicism: Seeing Markets for What They Are

Markets have continued to rise this year, bringing talk of bubbles and corrections. But headlines often sound more dramatic than the data suggests.

This note from TAM explains why market commentary can be so negative, what history tells us about long-term returns, and how advisers can help clients stay focused on what matters.
 

US Shutdown: Politics Versus Portfolios
October 2025

US Shutdown: Politics Versus Portfolios

The US government has entered another shutdown after lawmakers failed to pass a budget.  These events often make headlines, but their impact on markets is usually small and temporary.

We look at what this means for investors and why our portfolios remain positioned for the long term.

The Iceberg Principle: Markets Above, Risks Below
September 2025

The Iceberg Principle: Markets Above, Risks Below

Markets have continued to climb in 2025, defying concerns over US growth, inflation and global tensions.  Yet like an iceberg, much of the investment story lies beneath the surface. 

We explain how TAM is managing portfolios to capture the upside while preparing for risks that are less visible.

MARKET UPDATE VIDEOS

Q1 2025 Market Outlook: A Strong Finish, A Cautious Start

31st January 2025

Q1 2025 Market Outlook: A Strong Finish, A Cautious Start

Markets ended 2024 on a high, with U.S. equities and corporate bonds leading the charge. But what’s next? In this Q1 2025 update, we explore opportunities in undervalued UK and European markets, potential volatility ahead, and how TAM is positioning portfolios for the year.
Q4 Market Update and Outlook

5th October 2024

Q4 Market Update and Outlook

James reviews Q3 market performance, highlighting the tech sector slowdown and opportunities in UK, European, and emerging markets. He also discusses the positive performance of bonds and TAM’s focus on diversification and active management.
Q4 Sustainable Investment

5th October 2024

Q4 Sustainable Investment

Dan reviews TAM’s Sustainable Portfolios, covering the rotation into higher-quality stocks and the strong performance of ethically-sourced commodities and green infrastructure, showing how TAM is positioned for growth despite political and interest rate uncertainty.
Q4 Sharia Portfolios

5th October 2024

Q4 Sharia Portfolios

Francis shares an update on TAM’s Sharia portfolios, highlighting strong performance in US stocks, a shift to multi-asset investments, and the use of passive ETFs to reduce costs and improve diversification. He also discusses TAM’s work with other asset managers.
Q3 Market Update with James Penny

31st July 2024

Q3 Market Update with James Penny

James Penny, Chief Investment Officer of our investment manager, TAM Asset Management, provides us with an overview of the third quarter of 2024.
Q3 Sustainable Investing with Dan Babington

31st July 2024

Q3 Sustainable Investing with Dan Babington

Dan Babbington, Portfolio Manager at our investment manager TAM Asset Management, gives us his views on the Sustainable (ESG) investment landscape and the factors which affected our sustainable model portfolios in the third quarter of 2024.
Q3 Sharia Investing update with Francis Banzon

31st July 2024

Q3 Sharia Investing update with Francis Banzon

Francis Banzon, Portfolio Manager at our investment manager TAM Asset Management, reviews the investment landscape and how our Sharia-compliant portfolios are positioned for the third quarter of the year
TAM Sharia Portfolio Review for Q2 2024

25th April 2024

TAM Sharia Portfolio Review for Q2 2024

Francis Banzon, Portfolio Manager at our investment manager TAM Asset Management, reviews the investment landscape and how our Sharia-compliant portfolios are positioned for the second quarter of the year.
TAM Sustainable World Update Q2 2024

24th April 2024

TAM Sustainable World Update Q2 2024

Dan Babbington, Portfolio Manager at our investment manager TAM Asset Management, gives us his views on the Sustainable (ESG) investment landscape and the factors which affected our sustainable model portfolios in the first quarter of 2024.

NEWS

DFMs reassess UK exposure ahead of the Budget
18 November 2025 | FT Adviser

DFMs reassess UK exposure ahead of the Budget

DFMs are cutting UK exposure as Budget uncertainty weighs on confidence. Many are shifting towards global assets and increasing gilts as slower growth and softer inflation are expected. TAM continues to run globally focused portfolios, helping reduce UK-specific political and economic risks for clients.

Six wealth managers’ investment loves and heartbreakers
14 February 2025 | CityWire Wealth Manager

Six wealth managers’ investment loves and heartbreakers

One thing that has ‘stolen my heart’ within the investment world is the continued commitment we are seeing in improving business standards.
Professional Adviser Awards 2025
27 November 2024 | Professional Adviser

Professional Adviser Awards 2025

Exciting news! TAM UK has been shortlisted for two awards at the Professional Adviser Awards 2025: Best Discretionary Fund Manager & Best ESG Solution for Advisers. This recognition highlights our dedication to delivering exceptional investment solutions
CCLA: Tech giants are overlooking employees' mental health needs
10 October 2024 | Investment Week

CCLA: Tech giants are overlooking employees' mental health needs

Dan Babington, portfolio manager at TAM Asset Management, speaks to Investment week about metal Health in the corporate world.
£1.6trn investor group write to UK’s largest companies calling for urgent response on climate transition plans
12 September 2024 | PA Future

£1.6trn investor group write to UK’s largest companies calling for urgent response on climate transition plans

Dan Babington, portfolio manager at TAM Asset Management believes shareholders need additional information to make informed stewardship decisions and offer clients the best possible sustainable portfolio solutions.
The Collapse of the Dollar Empire?
07 August 2024 | Financial Fables

The Collapse of the Dollar Empire?

Is the dollar's status as the world's reserve currency coming to an end? Daniel Babbington, a portfolio manager at TAM Asset Management discusses this and more with Alex Dryden at Financial Fables.
The alternative investment strategies to protect portfolios in an uncertain world
03 July 2024 | Trustnet

The alternative investment strategies to protect portfolios in an uncertain world

AdviserAction was launched in November last year to enable the advice industry to engage with listed companies on sustainability issues. TAM are proud to be one within a select group of companies to join the initiative.
Long read: How are wealth managers using AI?
05 June 2024 | FT Adviser

Long read: How are wealth managers using AI?

Daniel Babington, portfolio manager at Tam, speaks to FT Adviser about how TAM have partnered with Clarity AI to assess funds’ true sustainability.
How Tam Asset Management runs Sharia portfolios
28 May 2024 | FT Adviser

How Tam Asset Management runs Sharia portfolios

Tam Asset Management offer one of the more uncommon propositions in the market: a Sharia-compliant MPS.

TAM TALKS – WEEKLY MARKET UPDATES

Rate Cuts, Sector Swings, and Europe’s Next Moves
September 2025

Rate Cuts, Sector Swings, and Europe’s Next Moves

The U.S. Federal Reserve cut interest rates by 25 basis points this week — its first rate cut since December.

Inflation Peaks, Gold Surges, and Fed Cut Odds Rise
September 2025

Inflation Peaks, Gold Surges, and Fed Cut Odds Rise

Inflation shows signs of peaking, fueling a surge in gold as investors seek safe havens. At the same time, rising expectations of a Fed rate cut add momentum to shifting market dynamics.

Markets Find Relief as Fed Shifts Tone
August 2025

Markets Find Relief as Fed Shifts Tone

Political instability, trade tensions, and lower bond yields create a complex environment for investors, acting as both a headwind and a potential support for markets.

Solid business activity, however, helps stabilize European markets by providing a co...

Markets Walk the Tightrope
August 2025

Markets Walk the Tightrope

Global financial markets navigate a precarious balance between growth and risk, with factors like inflation and geopolitical tensions creating an unstable tightrope.

Investors and institutions must carefully move forward, as any misstep could lead to s...

Tariffs, Rate Cuts, and Resilient Earnings Shape the Week
August 2025

Tariffs, Rate Cuts, and Resilient Earnings Shape the Week

European corporate earnings show resilience, led by finance and healthcare sectors, despite pressures from tariffs and a strong euro. The BoE's surprise rate cut and easing geopolitical tensions offer some market relief, yet trade-rel...

The 15% Compromise
July 2025

The 15% Compromise

Markets welcomed a partial EU–US trade deal, avoiding a full-blown trade war, though a 15% tariff on key EU exports remains. AI optimism and strong US tech earnings—especially from the "Magnificent Seven"—continue to drive market performan...

Strong Earnings Calm Inflation Fears
July 2025

Strong Earnings Calm Inflation Fears

Positive corporate profit reports are easing concerns about rising inflation, suggesting companies can manage higher costs.

This has shifted investor focus to the fundamental strength of businesses, boosting market confidence.

The Boy Who Cried Tariff
July 2025

The Boy Who Cried Tariff

Last week showed how markets grow numb to constant threats—what once sparked panic now gets little reaction.

The media even dubbed this desensitisation the "TACO Trade"—Trump Always Chickens Out.

Tariffs, Debt, and No Fear
July 2025

Tariffs, Debt, and No Fear

The trade outlook remains murky as the US tariff pause expires on 9 July.

The US is back in hardball mode, but markets seem numb to Trump’s threats and reversals as stocks keep pushing to record highs.

Dodging Bullets, For Now
July 2025

Dodging Bullets, For Now

This was a week when everything could’ve gone wrong—but didn’t. Quite the opposite.

Israel and Iran agreed to a ceasefire (for now), oil prices fell—easing inflation concerns—and US economic data continues to soften just e...

TAM Talks - Weekly Update - 24th June 2025
June 2025

TAM Talks - Weekly Update - 24th June 2025

Markets were jolted early Monday after U.S. strikes on Iranian nuclear targets sparked fears of supply disruption.

Cooling Prices, Hot Politics
June 2025

Cooling Prices, Hot Politics

Markets entered the week hoping for calm and got just enough of it—until oil surged late Friday on renewed Middle East tensions.

Markets Climb as Musk and Trump Go Full Springer
June 2025

Markets Climb as Musk and Trump Go Full Springer

The largest tax cut in American history—delivered a major plot twist, reigniting concerns over deficits and a ballooning national debt. It also triggered a public fallout between Trump and Elon Musk, playing out in true Jerry Spring...

Risk-On—But Keep the Umbrella Handy
June 2025

Risk-On—But Keep the Umbrella Handy

There’s no shortage of potential problems—but none have fully materialised.

It’s a timely reminder that, amid all the angst, the biggest risk for investors is often being out of the market.
 

Trump Bluffs—Markets Bite
May 2025

Trump Bluffs—Markets Bite

Despite the mantra “never trade on politics”, markets continue to act in haste.

Our focus on mitigating volatility remains valid—but just as important is staying alert to behavioural traps. In times like this, clear communication with...