We use cookies to collect information about how you use wiltshire.gov.uk We use this information to make the website work as well as possible and improve our services A Marlborough builder has been handed an 18-month community order requiring him to complete 300 hours of unpaid work after pleading guilty of three counts of fraud appeared today (Tuesday 29 April) at Salisbury Crown Court the judge ordered Mr O'Shaughnessy to pay £114 compensation to the victims equal to the victim surcharge which was waived He was also warned that if he breached the community order he would receive a sentence of two years and three months imprisonment.   A couple from Marlborough had contacted Mr O'Shaughnessy in August 2022 looking to build an extension to their family home and were quoted £116,700 for the work He promised to have the work completed in 10 to 12 weeks and took three large deposits from them totalling almost £90,000 He claimed that the money would be used to purchase materials which would then be kept in his lockup to avoid any delays Mr O'Shaughnessy's attendance at the site became sporadic which led to the couple asking for copies of invoices to prove the materials had been purchased the relationship between the couple and Mr O'Shaughnessy had broken down due to the apparent lack of progress on the build They asked him to provide a cost breakdown for the work in the hope they could come to an arrangement with the builder so the work could be completed by another trader Mr O'Shaughnessy claimed £69,000 had been incurred Mr O'Shaughnessy still did not provide copies of the invoices for the materials A Royal Institution of Chartered Surveyors (RICS) approved quantity surveyor was instructed who assessed the value of the work at £26,000 (excluding VAT).    Mr O'Shaughnessy was unable or unwilling to supply the materials the victims had paid for A County Court claim made by the couple was found in their favour who also has a number of other County Court Judgements against him.    Victim impact statements read out during the sentencing of Mr O'Shaughnessy stated I feel hurt and puzzled Hurt that anyone should knowingly put a decent family in such a dreadful and ongoing predicament - and to have shown no remorse Puzzled - to this day not fully knowing what ever happened to our hard-earned money nor whether we will ever see it repaid faith and hope are all pillars that I have used as a foundation for 'being good' and they have all suffered They are foundational pillars that I have installed in my three children and it hurts me immensely to think that these pillars that I hold on to so tightly have been eroded to the point where I feel - and know - has affected my children as well.   I am not a builder but have had to pick up the pieces of a failed build and empty bank account I have promised two of my three children a new room each and I will deliver I hope they understand that the person I am now - a somewhat bitter cynical and altered man - is not the real me the part that I hold dear as who I am and who I want to be seen as said: The impact of this crime has clearly been devastating for the victims The efforts of our Trading Standards team have ensured that Mr O'Shaughnessy has been brought to justice.    We will continue to take action against those rogue traders who dupe our residents and engage in these types of illegal activities and carry out work to unacceptable standards We don't want anyone else to have to go through the same Being a victim of this type of crime is an awful experience.   we hope that by raising awareness of building fraud give them the confidence to make the right decisions and make it more difficult for fraudsters to operate.   Wiltshire is full of honest hard-working traders and trusted traders can be found by using an approval scheme such as Buy With Confidence   If anyone believes they have been the victim of a rogue trader they should call Citizens Advice consumer helpline on 0808 223 1133.  Taylor Wimpey has launched a public consultation on the scheme which is located on greenfield land to the south-west of Marlborough Road in Walton The proposal includes a mix of property sizes and types with a strong focus on affordability and access to green space The developer is aiming to build a community of around 140 homes with 40 percent of them allocated as affordable housing This could include a blend of shared ownership the early master plan outlines landscaped public spaces and new walking and cycling routes to encourage active travel The scheme would also link into the existing infrastructure at Stone Business Park and nearby residential areas Taylor Wimpey says the development is designed to be sensitive to the local character of Stone while delivering much-needed housing The consultation runs until 22nd May 2025 giving residents a chance to view the plans and offer feedback online or in person A dedicated consultation website, www.marlboroughroad.co.uk has been set up where people can read about the proposal An in-person consultation event will also take place at Walton Community Centre on Wednesday 8th May The developer has also issued leaflets and used social media to publicise the plans to nearby households While the site is not currently allocated in the adopted Local Plan it was listed as a preferred option in the council’s now-suspended Local Plan update the site has been assessed by Stafford Borough Council as suitable for high-quality housing and could help address the borough’s five-year housing land supply the proposal is likely to draw strong interest and green space is already a well-worn topic in the area In a 2022 response to the earlier Local Plan consultation Stone Town Council raised a number of objections to large-scale development in this part of town These included worries about overdevelopment and the loss of open countryside between Walton and the wider Stone area Taylor Wimpey says it will review all feedback and use it to inform a formal planning application to Stafford Borough Council later this year the plans would go through the usual planning process with opportunities for formal comment and a final decision by the council’s planning committee the focus is on gathering views and answering community questions the developer has said it wants to hear from as many people as possible A Little Bit of Stone has been providing the latest jobs and more for our wonderful town!  Copyright © 2010 - 2025 • A Little Bit of Stone Marlborough has launched a bespoke portfolio management offering for advisers’ high-net-worth clients The Personal Portfolio service is also aimed at advisers working with charities trustees and other clients requiring bespoke portfolio management who joined Marlborough in 2024 and developed the offering The offering will be underpinned by an IFA Charter which says: “The Personal Portfolio team will always respect that the client relationship belongs to the adviser “They will never compete with or undermine an adviser and will only work with clients who have an adviser.” the offering will sit within its multi-asset investment process The bespoke nature of the offering means each portfolio will be tailored to the client’s specific requirements and take into account other assets held Kennedy said: “I’ve used what I’ve learned in 19 years of managing discretionary portfolios to build an entirely new personalised offering with an overriding focus on providing an outstanding service for clients “What is also absolutely at the heart of this service is our partnership approach which means we work with advisers rather than competing with them IFAs can trust us as their investment partner knowing we’ll always respect the fact that the client relationship is theirs “We provide a personalised service that’s tailored to the client’s needs and frees up time for the adviser who can use that extra time to continue to cultivate their all-important client relationships and grow their business.” pricing for the service will be “competitive and tiered” WEST BOYLSTON ― West Boylston Public Schools has a new superintendent the current Marlborough High School principal had been Marlborough High principal since 2018 He was previously the district's director of STEM education worked for 23 years as the head of facilities for Marlborough Public Schools Riley takes over the West Boylston job from Richard Meagher Meagher announced earlier this school year that he would retire at the end of the year which led to the creation of a superintendent search committee The committee started with 22 applicants for the position Subsequent interviews and tours of the schools narrowed the search down to two candidates Southbridge Assistant Superintendent Kelly Williamson She subsequently took a position in Bedford School Committee Chairman James Pedone said during a meeting April 9 that both Riley and Williamson were strong candidates but Riley showcased a lot of strengths that the district needed "There were three key components that were very consistent that I think are important for our district," Pedone said "One is his knowledge and history of involvement in curriculum and he is innovative and he is open-minded At this point I think he would be an excellent fit for our community and going forward." School Committee member Emily Lehman Miller said during the April 9 meeting that was clear from interviews that Riley had the passion and enthusiasm to continue to learn and improve in his profession Riley is that he is a collaborative and creative problem solver I think that is what the district needs right now," Lehman Miller said "I also appreciate his enthusiasm about the work you can usually read when somebody is done and I appreciate the fact that he is still working to learn new things." "I am honored to be here," Riley said during his interview on April 9 "When I think about my philosophy as a leader I consider myself to be a servant-based leader but I come in every day to serve the students and the staff of the district When I get asked about why I wanted to be a teacher it was always because I wanted to help kids That is a very important decision to take as a career path and I am dealing with folks who have put their career path to serving kids Manage Subscribe Marlborough has launched a new bespoke portfolio management service targeted at financial advisers’ high-net-worth clients It has been developed by Edward Kennedy (pictured) who joined Marlborough in June 2024 in the newly-created role of head of bespoke discretionary fund management He has now been appointed as head of the Personal Portfolio service Kennedy has a financial services career spanning 27 years and has 19 years’ experience managing discretionary portfolios He joined Marlborough after 10 years at Credit Suisse where he was responsible for more than £2bn of client assets who was appointed in February as a portfolio manager for the Personal Portfolio service Dowie has nearly a decade’s investment experience and also joined from Credit Suisse The pair will work closely with the wider multi-asset team See also: Eyes on AI as investors look for clues on market recovery The new service will work within the framework of Marlborough’s multi-asset investment process which underpins all of the group’s UK and international multi-asset portfolios and MPS.   Charges for the service will be ‘competitive,’ and tiered based on portfolio size The firm said the new offering is underpinned by a new IFA Charter that underlines its commitment to working in partnership with advisers CEO of Marlborough, said: “We’re very excited to be extending our proposition for financial advisers with this new service which we’ve launched in response to requests from the IFA community See also: Majority of advisers interested in specialist IHT support “They told us how much they like our MPS service and how they really value the way we work in partnership with advisers providing support to help them grow their businesses They then asked if we could provide an additional bespoke offering for their high-net-worth clients “These clients will often have more complex investment requirements and need a more personalised Consumer Duty requires the delivery of good outcomes for all types of client and this new capability means we’ll be able to support advisers by working as their trusted investment partner for high-net-worth clients too.” Kennedy added: “I’ve used what I’ve learned in 19 years of managing discretionary portfolios to build an entirely new personalised offering with an overriding focus on providing an outstanding service for clients knowing we’ll always respect the fact that the client relationship is theirs.” See also: Former Hargreaves veteran Lee Gardhouse returns to industry with Moai Wealth Deposits in banks and building societies rose by £7.4 bn SIPP specialist names new managing director Annualised 0.3% fall was largely attributed to companies building inventory ahead of the 2 April tariffs announcement Sceptical of shift some investors have made away from US assets A regulated testing service will provide a ‘safety net’ The deal will strengthen FE fundinfo’s Nexus platform Published by MA Financial Media Ltd (part of Mark Allen),St Jude’s Church PA Adviser is written for UK financial advice businesses – especially those that outsource all or part of their investment decision-making to model portfolio services funds of funds and other multi-asset solutions You may not be able to visit this page because of: Range has added an extra two strategies and reduced charges Marlborough has expanded its multi-asset fund range to mirror its managed portfolio solutions (MPS) offering The firm’s multi-asset funds range has been expanded to six strategies ‘Balanced’ and ‘Global’ names will no longer be used The portfolios will instead adopt a numbered label from three to eight reflecting the level of risk and reward targeted See also: GAM outsources EM debt offerings as McNamara retires Marlborough has also cut the funds’ charges with an upper limit ongoing charges figure of 0.66% for its retail share class units commercial director – intermediaries at Marlborough (pictured) said that while the MPS has grown in popularity with advisers the firm recognises that the MPS structure can present a number of challenges and constraints “We’re launching our expanded multi-asset fund range because we’re seeing an increase in interest from advisers,” he said “Multi-asset funds can offer economies of scale a significantly greater range of options for underlying investments and can be rebalanced far more quickly to seize on opportunities there are important benefits relating to Capital Gains Tax when rebalancing outside a tax wrapper while there’s still an important role for MPS portfolios the market will evolve and that expertly managed competitively priced multi-asset funds are likely to see a significant resurgence in popularity.”  Marlborough has taken a minority stake in London-based financial planning firm First Wealth including eight financial planners and manages approximately £480mn of assets for around 600 clients who are primarily business owners and entrepreneurs It will use the ‘significant’ investment from Marlborough to recruit more staff and invest in technology Marlborough is an investment manager offering a range of 22 funds an MPS service and international multi-asset portfolios with more than £18bn of assets under management The cash injection will also go towards First Wealth Private Office which is the firm’s service for HNW individuals Anthony Villis said the firm would also be looking at the acquisition of other firms He added: “We’ve come a long way since we launched in 2009 and we see huge opportunities in the financial planning space to grow a bigger “We were looking for a partner to help us turn these plans into reality and Marlborough was the obvious choice The group has a strong entrepreneurial spirit and ‘can do’ attitude that very much reflect our own culture.” added: “Through this investment we’re demonstrating our confidence in the strong long-term growth prospects of the financial advice sector “We’re working in partnership with a growing number of advice businesses and we firmly believe this is a sector with an exciting future.” © parkrun Limited (Company Number: 07289574) No part of this site may be reproduced in whole or in part in any manner without the permission of the copyright owner While Nick Peters has been appointed as a portfolio manager within Marlborough’s multi-asset team Former Columbia Threadneedle multi-manager Kelly Prior (pictured) has joined Marlborough as an investment director she will work closely with the boutique’s investment teams to help shape its product range and develop new investment propositions Prior spent 14 years at Columbia Threadneedle and has previously held investment roles at Thames River Credit Suisse and Rothschild Asset Management See also: Lipper: Bonds top the charts for European inflows in 2024 said: “Kelly is a consummate investment professional with a wealth of experience that will be extremely valuable as we continue to develop and expand our investment proposition “Her appointment underlines our commitment to attracting outstanding professionals who share our laser focus on delivering great outcomes for clients I’m looking forward to working closely with her as we continue to grow.” Marlborough has also appointed Nick Peters as a portfolio manager within its multi-asset solutions team He was previously the group’s investment adviser Peters has held multi-asset portfolio management roles at Fidelity International and Barclays Wealth formerly an oversight analyst at the group also joins the multi-asset solutions team as an assistant investment analyst This story was written by our sister title, Portfolio Adviser is gearing up to open new venue The Marlborough in Shawlands in February This latest venue will open on the site of the former Shed nightclub and which closed last August after 26 years The new venue has been completely refurbished and features new art deco styling a nod to the building’s roots as Marlborough House a 1900s club which previously operated on  Langside Avenue “It’s been an exciting project for us We’ve moved away from the nightclub scene as the trade just isn’t what it used to be in that sector so The Marlborough will be a late-night bar “It will be great for Shawlands and the surrounding area to have a new venue There’s a lot of chimneys in the southside of Glasgow and a lot of those people came to The Shed so now they will have somewhere new to come to.” The Marlborough will be open from 4pm until 2am Tuesday to Thursday Friday and Saturday 12 noon to 3am and from 12 noon on a Sunday They are also hoping to add a food option in the near future which will be known as ‘The Ballroom’ there will still be club nights held in the upstairs area will be reimagined as a vinyl bar where people can choose their own music “We have kept some of the original features of the building like the checkered terrazzo floor which has been there since the venue first opened in the early 1900s We’ve also opened up all the windows which makes such a difference “It’s a big change for the Southside of Glasgow and we’re really proud to introduce The Marlborough.” The Butterfly and the Pig and Singl-end restaurants in Glasgow Privacy Policy Phone: +44 (0) 1858 438800 Email: [email protected] You are currently accessing Investment Week via your Enterprise account If you already have an account please use the link below to sign in If you have any problems with your access or would like to request an individual access account please contact our customer service team Email: 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Part of Arc network, www.arc-network.com Investment manager Marlborough Group has taken a 20% stake in London-based IFA First Wealth An email sent to First Wealth subscribers said the advice firm had received a ‘significant investment’ from the investment management group The value of the stake has not been disclosed First Wealth’s shares were split equally between founders Anthony Villis and Robert Caplan before Marlborough’s investment.  Cotswold House Marlborough win January’s Exceptional People Team Award – for their dedication to patients Swindon and Wiltshire and provides inpatient and day patient treatment to adults with an eating disorder The multi-disciplinary team works together to create a therapeutic and effective treatment programme for patients and their families Modern Matron for Cotswold House Marlborough Vicky Bradley said: “We are very honoured as a team to have won the Exceptional People Team Award We are all very grateful to work in such a fantastic caring and supportive team and feel very lucky to be part of such a cohesive team For it to be recognised within the Trust is appreciated and we are very appreciative.” The Cotswold House Marlborough team were nominated by their Ward Manager Holly Payne – for their commitment and positive patient and carer feedback “Cotswold House Marlborough is a well-established team Many staff have worked here for multiple years and have individually progressed into different roles The fact that most staff have worked here for multiple years (some even since it opened) demonstrates what a supportive and caring place it is to work Staff are supported to access different learning opportunities to further their careers which also strengthens the care offered and provided “In recent times we have seen an increase in the challenging behaviour displayed by patient groups on the ward This is difficult for staff to encounter and can have a great impact upon staff and other patients throughout this time the team have supported each other’s wellbeing whilst continuing to provide excellent patient care Staff have accessed wellbeing resources available from the Trust as well as provided wellbeing support as a team utilising the skills of the Multidisciplinary Team (MDT) “The team works hard to ensure that patient care is collaborative This has been reflected in feedback that we have received from patients and their families.” Patients have provided feedback via iWantGreatCare (IWGC) and thank you cards to communicate their thanks to the team for the care and treatment that they have been provided with Recent IWGC feedback from patients have included the following: Feel I have been included in decisions about my care.” I feel like my care team are actually on my side and they have listened to me and my family’s concerns and opinions My care has been highly tailored to fit my needs etc and trying to support me to reduce episodes of self-harm.” people are listening to me and when they say that it’s patient-centred care “Kindness and caring attitude of staff” “My care was adapted to fit my needs in so many ways Follow us on social media to stay up to date We are sorry you did not find this page helpful Tell us how we can improve this page © 2025 Oxford Health NHS Foundation Trust Email: [email protected] You are currently accessing Professional Adviser via your Enterprise account If you already have an account please use the link below to sign in Join Login 'The growing appetite for multi-asset funds underlines the attractions of being an all-rounder' Follows Schroders picking up SRE fund from Impax IFSL Boolers Balanced and IFSL Boolers Adventurous The art school at Marlborough looks different art meant spray-painting a canvas with neon graffiti or making a sculpture out of rubbish The art school would have been covered in all sorts of zany efforts at abstraction And certainly not the abundance of remarkable portraits that now fill the walls This newfound enthusiasm for portraiture among Marlborough’s pupils is the college’s artist in residence since September 2023 encouraging them to pursue their own work while also inspiring and teaching students Already a subscriber? 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Log in The Irish funnyman helped with the harvest and received recognition for “years of drinking making and talking about Sauvignon Blanc” as he became a Marlborough Grape Ambassador After 11 vintages helping craft his GN Sauvignon Blanc Graham Norton took one step further in 2025 and ventured to Marlborough during the harvest season Marlborough with Invivo Wines co-founders Tim Lightbourne and Rob Cameron to survey the early progress of the 2025 vintage the trio picked grapes for line’s upcoming twelfth vintage as well as assessing fruit quality and tasting juice samples “What a special day!” Norton exclusively told db “It was fantastic to visit the Invivo GN vineyards taste some of the fresh juice samples and meet some of the growers There’s something truly magical about drinking my own GN Sauvignon Blanc from Marlborough in the Marlborough sunshine – it just hits differently.” The visit marked a natural progression for Norton who advises on the wine’s blend every year: “I don’t just put my name to the wines – I’m involved in the process which makes being here in this stunning region for harvest all the more special.” believes it is in keeping with Norton’s approach “Graham has always been hands-on – he personally tastes and signs off on every vintage with us to ensure his favourite wine is made to his exact taste preferences,” he explains “To welcome him to our vineyard and experience the magic of Marlborough firsthand was a real highlight for all of us.” After Norton’s sojourn into the backbreaking work of vineyard labour the visit concluded with a touch more luxury: a winemaker’s lunch with local produce to celebrate the end of harvest Lightbourne and Cameron ate with the Mayor of Marlborough and the Prime Minister of New Zealand Christopher Luxon Taylor bestowed on Norton a first-of-its-kind distinction The title recognises more than a decade he has spent advocating for Marlborough Sauvignon Blanc around the world “It’s such an honour to receive the first Grape Ambassador award from the Mayor of Marlborough “It turns out that years of drinking making and talking about Sauvignon Blanc with Invivo Wines has its perks I’m genuinely touched – and raising a glass to Marlborough!” “It was my great pleasure to host Graham Norton and award him the title of Official Marlborough Grape Ambassador,” she says “Graham is not only a legend and high-profile broadcaster and author he is also a strong supporter and advocate for Marlborough Sauvignon Blanc our Sauvignon Blanc is quite a lot like Graham himself – vibrant Graham’s visit will do wonders for Marlborough’s profile and keep New Zealand’s premium wine on the international radar.” GN Sauvignon Blanc has built an enviable profile and helped launch a 10-strong portfolio built on Norton’s brand Yet the Marlborough Sauvignon Blanc remains a cornerstone of the Norton range “New Zealand produces some of the world’s best Sauvignon Blanc “It’s incredible to think that what began as a small limited-edition run of GN New Zealand Sauvignon Blanc has grown into a global brand here we are harvesting grapes in Marlborough for our twelfth vintage!” The range overall saw a strong year in 2024 with sales up 396% year-on-year in the UK market and increasing by 28% in the US market where Norton’s brand shows strong momentum The Sauvignon Blanc itself was the fastest growing major brand in the category in the UK while in Ireland sales rose 47% year-on-year Invivo, meanwhile, has its namesake bottlings, as well as a collection of wines with actress Sarah Jessica Parker and Invivo x Unity, which launched as the official Prosecco of Eurovision 2023. The New Zealand-based company has expanded significantly in recent years, including upping its holding in Marlborough We are using cookies to give you the best experience on our website You can find out more about which cookies we are using or switch them off in settings This website uses cookies so that we can provide you with the best user experience possible Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings we will not be able to save your preferences This means that every time you visit this website you will need to enable or disable cookies again \n To help personalise your experience with HL and show you relevant content and adverts \n By clicking "Accept All Cookies", you consent to our use of cookies. You can change this at any time. If you want to know more, read our cookie policy To make sure you get the most from our website \n These allow our website to work properly and gives us anonymous\n information about how the website is used.\n \n The website will remember you (for example for faster login) and help\n us understand how you use the site.\n \n You\'ll see tailored adverts you will still see\n adverts but they may not be relevant to your interests.\n \n Find out more about how we use cookies\n Key investor informationGuy Feld and Eustace Santa Barbara hunt for companies with growth potential in some of the smallest parts of the UK stock market They follow the same investment philosophy and process established by their highly regarded predecessor The managers run a diversified portfolio of around 160 companies This fund does not feature on our Wealth Shortlist of funds chosen by our analysts for their long-term performance potential IFSL Marlborough UK Micro-Cap Growth aims to deliver long-term growth by investing in some of the smallest companies in the UK, including those not listed on the London Stock Exchange. Companies of this size can be overlooked by other investors which can provide an opportunity for the managers to uncover hidden gems. The fund could complement other investments focused on larger global or UK companies. Additionally, its growth focused investment style means it may work well alongside a ‘value' fund, investing in out-of-favour companies with the potential to recover. Smaller companies are higher-risk, and we believe they should only form part of a well-diversified adventurous portfolio. Guy Feld has co-managed this fund since February 2012 and has decades' worth of experience analysing small and medium-sized companies. He is also co-manager of the Marlborough Global Innovation fund. In January 2021, Eustace Santa Barbara was appointed co-manager alongside Feld. He has over 17 years' experience in the industry and joined Marlborough in 2013 from Close Brothers. Collectively, the duo also manage Marlborough Nano-Cap Growth and Marlborough Special Situations, which also focus on UK smaller companies. Both managers have built up a good track record and they leave few stones unturned when it comes to finding small companies with big potential. Feld and Santa Barbara like companies that are easy to understand and have the potential to grow significantly over the long term. Before any investment is made, they like to meet with company management and assess their quality.If these companies are successful, they will invest more. The team also delves into a company's financial strength. Healthy balance sheets are preferred, and they don't like excessive levels of debt. They also consider growing companies that have a great product or service but appear to be ‘under-valued' due to short-term issues. Maybe they've missed a profit target, or the management team made some unpopular decisions. Either way, they must have the potential to turn things around and resume their growth trajectory. The managers run a diversified portfolio of around 160 companies. Historically the managers have invested in over 250 but over recent years they have gradually reduced this number. This means they can invest more in their favourite companies as their conviction grows. In recent months, the manager have participated in the equity placing for travel and lifestyle company Ten Lifestyle, while reducing the fund’s position in media business, Future. Fund managers are employed by Hargreave Hale, an asset manager which was bought by Canaccord Genuity, a Canada-based financial services company, in 2017. Canaccord provides them with plenty of resources while allowing the managers the freedom to run their funds the way they see fit. The way Canaccord rewards them ensures they're focused on the long term, which is a good thing for investors. Marlborough Fund Managers, from where the fund gets its name, is a separate company. It provides the fund's marketing and distribution and doesn't get involved in the investment side of things. It's an uncommon set up, but one that's been in place for many years, and seems to work well and suit everyone involved. Marlborough’s focus on smaller companies means integrating ESG is more challenging, given a lack of external research coverage and quality ESG data. However, the firm is increasingly considering ESG factors, with a focus on governance. Some Marlborough fund managers have suggested they’d be prepared to sell a company if ESG concerns couldn’t be resolved. Even so, we believe Marlborough’s ESG integration is at an early stage, and engagement activity is not as systematic as some peers. The fund has a standard annual ongoing charge of 0.78%, but we've secured a 0.09% saving for HL clients. That means a net ongoing charge of 0.69%. The fund discount is achieved through a loyalty bonus, which could be subject to tax if held outside of an ISA or SIPP. The HL account charge of up to 0.45% per year also applies, except in the HL Junior ISA, where no account charge applies. Since Feld began managing the fund in February 2012, it’s delivered returns of 225.15%* but hasn’t kept up with the returns of 260.14% generated by the FTSE Small Cap ex Investment Trust index. It has performed better than the 190.46% return generated by the IA UK Smaller Companies peer group average though. Past performance is not a guide to the future. We expect the fund to perform better than peers in a rising market, but to fall further during downturns. There are no guarantees, and all investments will fall as well as rise in value, so you could get back less than you invest. Joseph is part of our Fund Research team. Having joined HL in 2017 initially on a graduate scheme, he's now integral to our analysts who select funds for our Wealth Shortlist. He also analyses the UK Growth, UK Equity Income and UK Smaller Companies fund sectors, providing expert insight for our clients. so you could get back less than you put in We're here to help - call our helpdesk or send us a message. Contact us All rights reserved.Hargreaves Lansdown is a trading name of Hargreaves Lansdown Asset Management Limited a company registered in England and Wales with company number 01896481 and authorised and regulated by the Financial Conduct Authority Information about us can be found on the Financial Services Register (register number 115248).Registered Office: 1 College Square South