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Time for a move away from the old model?
July 16, 2026
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For decades, investing was relatively straightforward.
Markets rose.
Wealth managers built portfolios.
Clients paid their fees.
Everyone was reasonably happy.
That world no longer exists.
Today we live in a market where...
• Wars can wipe trillions from global markets overnight.
• Artificial Intelligence is rewriting entire industries.
• Political decisions move markets faster than company profits.
• Valuations can become detached from reality.
• Retail investors have more access to information than ever before.
The world has changed.
The question is...
Has the investment industry changed with it?
Because from where we're sitting, most of it hasn't.
The second quarter of 2026 wasn't simply another quarter.
It was a reminder.
A reminder that markets don't move in straight lines.
Conflict in the Middle East escalated.
Oil surged.
Fear returned.
Markets sold off sharply.
Investors faced the same decision they always face during uncertainty.
Sell.
Freeze.
Or trust their investment process.
At TPP...
We did something different.
We didn't panic. We didn't make emotional decisions. We followed the investment process we'd spent six years refining.
As markets became increasingly attractive, we gradually increased exposure.
When markets recovered, our clients were already positioned.
Not because we knew exactly what would happen.
Because nobody does.
We simply recognised that periods of fear often create the greatest long-term opportunities.
Let's deal with the obvious question.
Did it work?
Over Q2 2026...
TPP returned 19.47%*
Against:
S&P 500
14.9%
Dow Jones
12.9%
STOXX Europe 600
9.7%
DAX
9.0%
FTSE 100
6.0%
Over the twelve months to 30 June, our average client account returned 40.97%*
We're proud of those numbers.
But they aren't what we're most proud of.
Because performance is simply the outcome.
The real achievement is the process that consistently produces it.
The investment industry has convinced millions of people that volatility is something to fear.
We disagree.
Volatility isn't the enemy.
Emotional decision-making is.
When markets become volatile, many traditional portfolios simply remain invested and hope.
Hope markets recover.
Hope clients remain patient.
Hope everything eventually works out.
Sometimes it does.
Sometimes it takes years.
Sometimes it never quite catches back up.
We believe investors deserve something better than hope.
This won't be popular.
But it's true.
Independent studies consistently show that the overwhelming majority of traditional wealth managers fail to outperform simple market trackers over time.
Think about that.
Investors pay:
Management fees. Platform fees. Fund charges.Trading costs. Advice fees.
Only to receive...
Benchmark-like returns.
Sometimes worse.
The old model was built for a world where information moved slowly.
Markets moved slowly.
Clients couldn't easily compare performance.
That world has disappeared.
When we started this journey, instead of asking...
"How can we become another wealth manager?"
We asked...
"What if we built something completely different?"
What if ordinary investors could access the same style of actively managed investment strategies traditionally reserved for institutions?
What if portfolios were managed every single day?
What if investors knew exactly what was happening inside their portfolios?
What if fees were simpler?
What if transparency became the standard rather than the exception?
What if benchmark outperformance became the goal...
rather than simply tracking the market?
That became TPP.
Markets are constantly changing.
So why would one investment approach work forever?
It doesn't.
That's why our portfolios combine four different approaches.
Leveraged Trackers.
Long or Flat Strategies.
Hybrid Strategies.
Active Strategies.
Each exists for a reason.
Each performs differently.
Each thrives in different market environments.
Together, they create portfolios designed to adapt.
Not simply endure.
People often ask...
"What happens if America crashes?"
"What if China invades Taiwan?"
"What if AI is another bubble?"
"What if inflation returns?"
The honest answer?
Nobody knows.
And anyone claiming certainty is selling something.
We don't build portfolios around predicting headlines.
We build them around managing probabilities.
Protecting capital.
Identifying opportunities.
Reacting rationally.
That's a very different philosophy.
Artificial Intelligence is transforming entire industries.
Technology companies are investing hundreds of billions into infrastructure.
Governments are running record debt.
Politics is becoming increasingly unpredictable.
Geopolitical tensions continue rising.
Markets may still produce excellent long-term returns.
But the journey may become far less straightforward.
Investors who simply buy, forget and hope could experience a much bumpier ride than they became used to over the previous decade.
We believe active management becomes more valuable, not less, during periods like these.
One misconception about TPP is that we're constantly trading.
We're not.
Good investing isn't about making hundreds of decisions.
It's about making the important ones well.
Reducing unnecessary risk.
Adding exposure when probabilities improve.
Remaining disciplined when emotions are highest.
It's remarkably boring.
And that's exactly how investing should be.
The statistic we're proudest of isn't performance.
It's behaviour.
More than 90% of our clients have increased their investments with us.
Think about that.
People don't commit more capital because of marketing.
They do it because trust has been earned.
Performance helps.
Transparency matters.
Communication matters.
Consistency matters.
Ultimately, trust is built over years.
Not quarters.
When people hear about TPP, they often assume we're another investment manager.
We're not.
We're building a technology-led investment business designed for the next generation of investors.
Transparent.
Actively managed.
Professionally disciplined.
Institutional thinking.
Available to everyone.
We're challenging assumptions that have existed for decades.
Some people won't like that.
That's perfectly fine.
Disruption rarely begins with agreement.
Nobody remembers the calm years.
Investors remember the difficult ones.
The crashes.
The wars.
The inflation shocks.
The unexpected headlines.
Those are the moments that define portfolios.
And those are exactly the moments we built TPP for.
The world has changed.
Markets have changed.
We believe investing should change too.
If you're already a TPP client, thank you.
Periods like the last few months remind us exactly why we built the business the way we did, and we're excited about the opportunities that still lie ahead.
If you're not yet a client, perhaps now is the right time to ask yourself one simple question...
Is your investment strategy built for the markets of yesterday... or the markets of tomorrow?
Book a complimentary strategy consultation below and we'll show you exactly how we build portfolios designed to outperform traditional wealth management through transparency, active management and disciplined decision-making.
The old model had a great run.
We believe the future belongs to something different.
We look forward to hearing from you.
SCHEDULE A CALL WITH TPP: CLICK HERE.
TPP's year-to-date average return across participating client accounts is 21.87%*.
Interested in learning more? CONTACT OUR TEAM...
*Results as of 10 July 2026 and refer to the combined average of all client discretionary portfolio accounts (across all strategies), after fees, calculated on a Time Weighted Return basis.
Disclaimer: This document is issued by TPP, being provided for information purposes only. This document does not constitute legal, tax, accounting or investment advice, nor should it be relied upon when making investment decisions. This is not a personal recommendation or an offer or invitation to buy or sell any financial instrument. The market conditions and views expressed are as at the date of publication, which may change without notice. Unless otherwise stated, market data has been obtained from sources believed to be reliable. While believed to be accurate, no representation or warranty is given as to its completeness or accuracy.
TPP strategies invest in leveraged financial instruments, including equity index futures. Leverage can magnify both gains and losses, meaning losses may occur more quickly than in unleveraged investments. Investments involve risk and investors may lose some or all of their invested capital. Your capital is at risk.
Past performance is not necessarily a reliable indicator of future performance. The value of investments, and any income from them, can fall as well as rise, and investors may not recover the amount originally invested. Future returns are not guaranteed. Therefore, you should not assume that the future performance of any specific investment or investment strategy will be profitable or equal to the corresponding past performance.
TPP is a trading name of UCapital Asset Management LLP. UCapital Asset Management LLP is authorised and regulated by the Financial Conduct Authority (FCA No. 477155). 80 Coleman Street, London EC2R 5BJ.
“TPP might just be about to revolutionise investment for the retail market.”
- London Stock Exchange 2020
