Gareth Howlett, investment director, Brooks Macdonald
"I have held shares in Scottish Mortgage Investment Trust on behalf of clients since moving into wealth management in November 2000. But my personal association with it goes back even longer, since I joined Baillie Gifford as an investment trainee in 1985.
"At this time, I started putting my own money into it via the firm's investment trust savings scheme. Full disclosure: it is one of my largest personal investments.
"It has always been a well-managed global growth trust, but under James Anderson's (pictured) management, it has built a very exciting portfolio of some of the world's truly great businesses.
"In addition, recent moves to increase its exposure to unquoted investments show how seriously the board takes its role as a provider of capital to the Amazons and Apples of the future. This is a way of managing genuine inter-generational wealth which many private clients find intuitively appealing.
"However, it does involve a willingness to invest far from the notional benchmark and shareholders need to be aware that this can lead to occasional episodes of severe relative underperformance.
"In this context, James's recent criticism of the newly introduced Key Information Documents for investment trusts, on the basis that they have generated dangerously over-optimistic projected returns, has been a timely warning."