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An Enjoyable Hobby That Appreciates Too? (3) – Fully Managed Services
Continuing from the last post, R told me the custody process is super straightforward—“We do all the work,” he said.
First, we book a time for a basic onboarding session—“just the essentials for a beginner like you,” he joked. Then we determine the investment amount you’re considering. Based on that, he’ll filter and shortlist a few options he personally thinks are worth considering. He’ll send over detailed information for each one, and we can schedule another call to finalize the selections together.
Once that’s done, you just wire the funds. All the purchase details—certificates, amounts, cask types, etc.—will be uploaded to their online investor portal. You get your own login and can access everything anytime. Meanwhile, they’ll arrange for your whisky to be shipped to their newly opened bonded facility, where it’ll be stored, and your annual custody and management service officially begins.
When he mentioned the new facility, his eyes lit up—“Let me tell you a bit more,” he said.
Originally, they stored inventory across scattered locations in Scotland, which had always been a logistical headache. But now, after several years and £6 million invested, they finally built a central base by converting a former military base. This will now serve as their consolidated storage hub. It holds over 30,000 casks of whisky from around the world under their management, and even includes a cigar room and hotel. It’s located right next to a famous golf course—so you can imagine spending a few nights there with your family, sipping your own whisky, playing a few rounds of golf, taking leisurely strolls… sounds like a dream, right? 😂
I laughed and said, “The experience sounds lovely, but let’s get to the real point—the numbers. What are the expected returns, risks, and holding periods?”
We’ll talk about that next time!