Revealed: Top 10 UK Advisers Using ETFs

November 26, 2015

Kristopher Heck

Vanguard S&P 500 UCITSKristopher Heck's background was the perfect base to build ETF-focused portfolios. He started as a strategist at BlackRock's ETF arm in 2000, and was previously an ETF analyst at Thompson Financial, where he worked out how clients could minimise capital gains and understood the products. The CIO spent a decade at iShares, before founding Tanager Wealth in 2012 to cater to fellow U.S. expats and taxpayers.

Of his experience, which spans almost two decades, he says: "I have seen the best and worst practices in the financial advisory space, from both the US and the UK. I have had the privilege of being able to learn through lots of other people's mistakes, and hopefully avoid them at Tanager."

Heck recognises the importance of holistic financial planning, and not pushing overly technical or complex language onto clients. Ultimately, he understands that his clients want to feel like they are in a "safe pair of hands."

His time in the industry has also seen the ETF market grow at a phenomenal pace in Europe, from around 20 funds to over 2,000, and the uptake they have had amongst retail investors and his peers. He is a fan of their low-cost, efficient nature, their transparency and their liquidity as well as the fact he can specifically target a certain market exposure for his clients.

One lamentation, however, is the short track records with smart beta ETFs and the lack of software for his peers to conduct analysis on alternatively weighted funds, whether they be growth or value or low volatility. Heck also has called for more innovation in the fixed income and commodity space, and was glad to see the launch of the SPDR Convertible Bond UCITS ETF this year.

"I think ETFs will continue to grow within the financial advisory space, and I think the future is very bright for them,&q uot; he told ETF Report UK.




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