A frustration of mine is visiting new clients who have been invested in funds that could have been performing better. This is often the case when their adviser or bank is not reviewing their portfolios on a regular basis and recommending fund switches. In some instances the adviser is reviewing the portfolio however the product does not offer an open architecture fund choice therefore the panel of funds available to recommend are not always the best performing funds.
Example;
Investec Cautious Managed Fund has outperformed Halifax Cautious Managed Fund by 10% in the last year!
Investec Cautious Managed Fund Fact Sheet - Halifax Cautious Managed Fund Fact Sheet
Quite often I am able to either recommend a switch still maintaining the clients investment risk profile, or recommend a new product with greater fund choice often at no extra cost to the client.
Working for Lyndhurst all my investment clients are reviewed at least annually and more frequently if requested. If you would like any of your Pension, ISA, Unit Trust or Bonds reviewed please do not hesitate to contact me. As always our initial consultation is free.
Clive Gadsden
Financial Adviser
