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Money Moves

Business rides on new brand strengths

by Dan Reeves

Stephen Gollop, CEO
Tyche Group Limited
Photo: Johnson Poon

Emerging from a recent rebranding activity, Tyche Group Limited (formerly known as Bridgewater) has taken the opportunity to build on the strength of six years of growth, security and stability.

Stephen Gollop, CEO of Tyche says, "With the recent brand review, we decided to move more into educational seminars and public service work as reflected in our expansion into MPF, an area which has very low margins." The company takes a flat one-per cent management fee and does not charge any transaction fees.

Tyche is heavily engaged in research into investment strategies and advancements in financial planning and has an investment committee consisting of seven planners. The selection process is based on quality alone, avoiding the many influences that may hinder in-house assessments. As an independent entity, the company fully represents the client and can identify the top performing strategies offered by a vast array of global institutions.

General practitioners are not wedded to a small number of products and are about giving discretionary advice. "We find solutions and meet client needs in a holistic way," Mr Gollop says. The maximum client load for a manager approaches 60 and Tyche currently serves a total of 1,000 clients with an average net investment of between US$400,000 to US$500,000. Although a portfolio can be developed with as little as US$50,000, an optimum and broader-based holding requires an initial investment of US$150,000.

Tyche's market position suggests long-term weakness in the US currency and the markets there based on the potential for trade and budget deficits and overall debt to begin to bite. China on the other hand is a long-term hold based on the last five years that reflects excellent fundamentals. In addition, Mr Gollop believes that the China and India markets will continue to represent value into the future. His optimism, however, does not extend to the Shanghai and Shenzhen markets that are currently overheated.

In Tyche's May newsletter Market Truth, the company predicts rising interest rates in the US as a realistic possibility and with these increased rates higher inflation. In short, the company believes that major financial shifts will occur due to the redistribution of money between asset classes as well as that between investors.

Last year, Tyche conducted 30 per cent more discretionary business. Mr Gollop has had something to do with this success, in addition to providing input on the company website and running company seminars he maintains veritable "star" commentator status with TV appearances, radio broadcasts and frequent newspaper articles.

"Our reputation is everything," Mr Gollop concludes. "For the past six years we have consistently selected excellent strategies in the right sectors and this has resulted in strong returns. We represent the utmost in good faith and unbiased advice."


Taken from Career Times 08 June 2007, p. A2

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