Lockhart Capital Management

Lockhart primarily serves high-net-worth individuals and families, many of whom reside in the Home Counties surrounding London. The firm's client base typically consists of those who have accumulated wealth through business ownership, professional careers, or inheritance, rather than institutional investors. Client portfolios are managed on a discretionary basis, meaning Lockhart makes day-to-day investment decisions within agreed parameters tailored to each client's goals and tax situation.

The firm builds multi-asset portfolios using direct equity and bond holdings alongside third-party collective funds. This approach allows Lockhart to blend the control of direct security selection with the specialist expertise of external managers for areas like smaller companies or alternative assets. Portfolios are weighted toward UK and European assets, with a conservative tilt that emphasizes income generation and capital preservation through market cycles.

No, Lockhart operates as an independent, privately owned wealth manager. It is not a subsidiary of a bank, insurer, or asset management conglomerate. This independence is central to its investment philosophy, as it removes the potential pressure to allocate client capital to in-house products, allowing for a purely open-architecture selection of third-party funds and securities.

Lockhart uses fixed income as a core portfolio stabilizer, typically focusing on short-to-intermediate duration UK government bonds and high-grade corporate credit. The objective is capital preservation and reliable income, not aggressive yield chasing. The firm adjusts duration and credit quality exposure based on its macroeconomic outlook and interest rate expectations, often using active fixed income fund managers to implement tactical tilts.

Lockhart's primary focus is discretionary investment management. While the firm likely coordinates with clients' accountants and solicitors on tax-efficient portfolio structuring, it does not operate as a full-service multi-family office offering in-house tax, legal, or concierge services. This specialization keeps the firm's proposition clear: it manages money, and does so without the distraction of ancillary business lines.