A morning with W1M for the Modern Adviser: CIP, Market Dynamics, and Digital Assets

The PFS Birmingham Committee would like to invite you to our next event!

Please join us as we:
1. Sharpen Your CIP Thinking
2. Strengthen Your Understanding of Active vs Passive Investing
3. Build Confidence in Digital Assets & Their Role in Multi Asset Portfolios

Session One: Delivered by Thomas Jaffrey, Business Development Manager (The Midlands)

Topic: The case for a more deliberate Centralised Investment Proposition (CIP)

The Learning Objectives are:

1. To help financial advisers assess whether their current CIP remains robust, defensible, and fit for purpose for clients, regulators, and their business.

Session Two: Delivered by Gabrielle Park, Assistant Fund Manager

Topic: Overview of Gabrielle’s career to date, followed by her views on the Active v Passive debate

The Learning Objectives are:

1. To understand the historical context of the active vs passive investment debate.​
2. To understand the high level of concentration within equity markets in a historical context and the effect of this phenomenon on active management performance.
3. To understand how to consider active as part of a blend with passive​.

Session Three: Delivered by Luke Hyde-Smith, Co-Head of Multi Asset & Head of Alternatives

Topic: Do digital assets have a place in multi asset portfolios?

The Learning Objectives are:

1.  Understand the economic environment that supports digital assets.
2. Understand the risks of digital assets.
3. Explain what digital assets are.
4.  Understand the difference between bitcoin and Ethereum.

🕘 Running Order

Speaker Bios:

Tom Jaffrey

Tom joined the company in August 2025 as a Business Development Manager. He is responsible for creating new business opportunities and managing existing relationships with professional financial advisers across the Midlands. He has spent his professional career to date working in the investment management and wealth industries in the UK.  He has worked for Coutts & Co, Morgan Stanley, and The Blackfinch Group and is proud to say he loves his job especially working with financial advisers. Tom graduated from Newcastle University in 2008 with a degree in Ancient History. He has also completed the Graduate Diploma in Law and the Oxford University Private Markets Investment Programme. Tom is married with two daughters and enjoys all things sport, music, literature, ice baths, and investments. He has completed a few marathons, an ultra-marathon, has an awful padel back hand and his favourite book is On the Road by Jack Kerouac.

Gabrielle Park

Gabrielle joined the company in 2021 as a Funds Support Analyst, before moving to the Multi-Asset Team in 2022. Gabrielle is an Assistant Fund Manager across the Multi-Asset strategies and is a key member of the team managing our award-winning MPS. Gabrielle graduated from Newcastle University in 2019, top of her cohort with a First Class Honours in BSc Economics and is a CFA Charterholder.

Luke Hyde-Smith

Luke joined the company in February 2017. Luke is Co-head of Multi Asset Strategies at the firm and is lead manager of the Waverton Real Assets Fund and Waverton Absolute Return Fund. He is a key team member responsible for managing a range of multi asset strategies at the firm, including the award winning MPS. He has built and developed the collective investment selection process and continues to focus on the selection of alternative investments for the firm. Luke has also worked at New Star Asset Management and SG Private Bank. He has a BA Hons degree from Manchester University and is a CFA Charterholder.