Managing discretionary portfolios

Professional Development


This seminar forms part of the 2020 Trust & Corporate Service Providers CPD Seminar Series – a series of 10 CPD seminars, which take place once a month.

2020 Trust & Corporate Service Providers CPD Seminar Series

View the full programme

Online Classroom

online classroom

This course will be delivered through Online Classroom Live.

Please read our Online Classroom for Professional Development FAQ

Suitable For

Trust & Corporate Service Provider professionals

1 CPD hours
1 hour

Learning Outcomes

  • Managing discretionary portfolios with restrictions:
    • UK Situs Assets, The definition of situs, overview of how different securities’ situs can be reviewed; Equities, ETF’s, Fixed Income and Global Depository Receipts.
    • Approved Offshore Reporting Funds, What is a Reporting fund, how can I find out if the fund has reporting status and why is it important?
    • Passive Foreign Investment Company (PFIC) restrictions for clients with US links.
  • The pros and cons of transferring a portfolio's ‘In specie’ from one asset manager to another.


  • Certificates of attendance are provided
  • 1 hours of CPD

    Joel Graves, Investment Director at Rathbone Investment Management International

    Joel Graves joined Rathbone Investment Management International in Jersey in February 2019. He is an investment director and is responsible for managing multi-asset discretionary portfolios for private clients, offshore trusts and charities.

    Joel, who graduated from Loughborough University with a first class Batchelor of Science honours degree in Physics and Sports Science, began his finance career in 2005 as a wealth manager with HSBC in Leeds.

    In 2009 he relocated to Jersey. The following year he moved to Barclays Bank Offshore where he worked for the next five years in Jersey, covering multiple jurisdictions. He was responsible for the management of the Barclays' discretionary portfolios held in Jersey. He took on the role of senior portfolio manager at Smith & Williamson in 2015, helping to set up their new office in Jersey.

    Joel is a Chartered Financial Analyst Charter Holder (CFA) as well as a Chartered Fellow of the Chartered Institute for Securities and Investment (CISI), having passed the CISI Certificate in Private Client Investment Advice and Management (PCIAM) with distinction.

    He has launched a teaching course preparing students for their Chartered Financial Analyst exams; and continues to lecture on a weekly basis, assisting candidates with their CFA exam preparation.