ISA advice

Totton

I agree with the above, all higher risk funds not mid-risk imho. The Jupiter Merlin fund is very respected but not a great performer, it gets into the top tables though longevity whilst the M&G fund simply holds a collection of M&G funds, why would you need both merlin & the M&G fund I'm not sure. Aberdeen and Emerging Market funds have not been doing so well due to Asia being out of favour at the same time as South America and Russia, holding both Aberdeen and Henderson emerging market funds is yet another duplication although they do of course hold some differences, I just don't see the need for both in a portfolio with so few holdings.

Plot your fund holdings in a tool such as Trustnet portfolio (free), that will show you why your portfolio as a whole is under performing.

I don't think your adviser has much of a clue about portfolio construction if they consider that to be mid-risk. In many ways holding just one multi-manager is expensive but may make some sense for smaller pots, why anyone would then add another multi manager, two emerging market funds and a natural resources fund is difficult for me to understand.

The JPM fund has also been out of favour. This is a portfolio that could take off really well in a strong market but in truth for your needs it seems a little too exotic. You could probably do better having a re-think.

HTH,
Mickey

xylophone

I am wondering whether you might be better off cashing in the units within the existing ISA, and transferring as cash to a lower cost platform ( the new platform would need to arrange this).

http://monevator.com/compare-uk-cheapest-online-brokers/

You might consider starting off with a lower risk and less expensive portfolio?

http://monevator.com/investing-for-beginners-why-do-we-invest/

http://monevator.com/low-cost-index-trackers/

http://monevator.com/the-slow-and-steady-passive-portfolio-update-q2-2013/

The above would be worth reading while you consider your options?