At Pigotts, I take pride in solving client’s personal investment issues. With over 30 years of investment experience, Pigotts is dedicated to providing clients with informed and effective investment advice.

James Pigott BSc (Hons) MCSI

Our Story

Pigotts Investments, formerly Professional Portfolio Management, grew from Pigotts, Solicitors, Chichester, where Maurice Pigott acted for his investing clients for over forty years.  The business is authorised and regulated by the Financial Conduct Authority.

I have been told that I am unique and I am certainly unusual in today’s investment industry, providing a fee-based family personal service, in a niche investment universe of closed-end funds.

Your Adviser

James Pigott BSc MCSI

  • 1986 – 1994 Syndicate 662 C.W. Rome, Lloyd’s of London – Assistant Underwriter
  • 1994 – 1998 Lloyd’s – Murray Lawrence Syndicate Research – Research Systems Executive
  • 1996 – 2000 Birkbeck College, London University – BSc in Information Systems and Management
  • 1998 – 2003 CLS Services Limited – Senior Business Analyst / Project Manager
  • 2002 – APMP (Associate of UK Project Managers)
  • 2003 – Joined Professional Portfolio Management Ltd. (renamed Pigotts Investments Limited)
  • 2007 – Managing Director
  • 2010 – Sole Adviser at Pigotts Investments

AIC Round table

Major Shareholders

James Pigott BSc MCSI (Managing Director)

Melissa Pigott

Our Investment Style

Planning for the medium (5 years) to long term. I am a Contrarian Investor for value. I do not follow the crowd. This method of investing provides better value over the long term rather than investing for growth over the short term.

Investment Trusts are one of the few investment vehicles that can offer the chance to add value to your investment from Day One. Discounts and gearing (borrowing) are utilised, neither of which is possible with unit trusts. This is explained further in the glossary.

Pigotts’ high quality bespoke service employs active investing and focuses on its Approved List of carefully chosen closed-end funds. I do not provide Passive Investment e.g. index trackers, absolute return funds, structured products and other allied investments. It is uniquely matched to meet your requirements. Your portfolio should outperform any investment product or tracker fund over the medium to long term that was not invented with you specifically in mind.

As the long term trend is upwards i.e. there are more ups than downs, we aim to add value in the well managed trusts which, over time, have a good record of outperforming their benchmark. There are not many of these well managed trusts.

This is why only about 10% of available funds appear on the “Approved List”. I am very particular with whom I invest my clients’, and my shareholders’, money.

This is of primary importance. Stock picking skills are secondary. I invest in equities and other asset classes on a global basis through closed-end funds to provide a diversified portfolio allied to the aims of each client.

Alternative theories of a single solution for all investment issues are a misconception.

Asset Allocation will involve investing:-

  • Mainly in equities, but also private equity, bonds and property, through closed-end funds & cash
  • Geographical spread
  • Large, medium & smaller companies

Why is Asset Allocation so important? Choosing the worst performing fund within the right Asset Allocation will produce a better return than having the best performing trust within the worst Asset Allocation. As to investment trusts, I invest in plain vanilla trusts (having just one class of share) and Split Capital Trusts (Splits) (having more than one class of share).

This is the most important factor in helping to spread risk in a portfolio. Real diversity is not easily achieved. In extreme adverse market conditions, diversity can seem to disappear but it returns when market conditions improve.

The Chichester Account aims for income, a growing income and capital growth to produce a balanced total return. The Salisbury Extra Income Account focuses on the provision of a good level of income. The Winchester Extra Growth Account concentrates on providing capital appreciation. At Pigotts I have no time for average performance as the aim is to outperform the FTSE All-Share over rolling 5-year periods.

Although I take taxes and charges into consideration when investing I do not choose an investment mainly because it has some tax benefit. Tax relief handed out by any government, as an inducement to buy an investment, is generally not a gift. It is a debt that has to be repaid. The government makes sure it is, and how, in spades! Pensions are the classic example. My focus and drive is to invest for investment’s sake to produce a good total return. If it can be tax efficient as well, so much the better. On buying any investment, performance is my first priority, then tax, then charges.

Simple charges, fair and easy to understand. For details of both Pigotts’ and Transact’s charges and discounts please click here. The charges were fee based long before RDR forced advisers to have a clear upfront fee and we didn’t have commission paid to us by fund managers.