Hackstons offer the Portfolio Management model, which facilitates whisky cask investment for private individuals, allowing them to build their portfolio without the regulatory headaches and legal obstacles that have been put into place to protect the scotch whisky investment market.
Through Portfolio Management, all client casks are stored in a corporate account, which means there is no need to obtain a WOWGR or negotiate individually with a bonded warehouse.
When a cask is purchased through our Whisky Portfolio Management programme, investors are provided with a certificate of ownership that gives them complete control over that cask, in effect the client becomes the UBO (Ultimate Beneficial Owner). That means they can choose to re-rack their cask (remove it from one cask and fill another), re-gauge it (check its ABV), bottle it, or sell it on to another investor whenever they feel the time is right.
Under this whisky ownership model, all casks are stored in a warehouse or at distilleries, dedicated to warehousing investor casks. That means whisky investors know where the cask resides and can trust that their investment is in safe hands for the entire lifetime of its maturation. And, of course, they are welcome to visit the cask whenever they like using their unique cask numbers to identify their cask.
After purchasing a cask, a number of unexpected costs can arise for insurance, storage, or even fees applied for moving it. Portfolio Management is completely transparent, with no hidden costs. And, of course, following this model, there is no need to go through the process of obtaining a D.O. in order to become a whisky cask investor.
