West Brom Axa Distribution fund

grizzly1911

tony_no1 wrote: »

just another thing with this.

west brom charge 4.5%

and when I called axa direct they charge 5% to invest in the same fund, is this really the agent making a "killing" ?

If you go via Cavendish their is no fee.

if you go via an IFa there may be no fee either apart form their advice fee

http://www.cavendishonline.co.uk/investments/our-service/

http://www.cavendishonline.co.uk/investments/fund-research/

This is information not a recommendation.

dunstonh

west brom charge 4.5%

and when I called axa direct they charge 5% to invest in the same fund, is this really the agent making a "killing" ?

An IFA would do the same fund around 0.5%

bigadaj

grizzly1911 wrote: »

Not really sure that having a degree necessarily provides you with any commercial ability, business sense, common sense or ability to work with the public.

Definitely agree, but given we are still addicted to finance as a country there is virtually nothing for people to study specifically in higher education. Fund managers generally come from good universities but are either classics types or quants, with no specific training.

Even if they were available to do then it would take many years and people would be operating in grandfathers rights, but reducing numbers by filtering by education and training is one of the ways successful professions maintain an air of exclusivity, whether this is good for their clients may be an entirely different matter.