The 15-Minute Retirement Plan

ManofLeisure_2

I have recently received a letter from a Mr Ken Fisher ( Fisher Investments UK), offering me a 'free' copy of 'The 15-Minute Retirement Plan'.

Does anyone have any knowledge or experience of this company? Or have you received a copy of this plan?

Many thanks for reading

Mr_Costcutter

I've also received a letter from this company, offering me the same. What I would like to know is how they acquired certain financial information about my own personal situation. I certainly won't be sending for the plan. The charges from companies like these are usually very high indeed I wouldn't touch them with a barge pole.

dunstonh

Fisher Investments is well established in the US but tiny in the UK. It is non-mainstream and uses discretionary management rather than the conventional investment methods. Discretionary management is more expensive. They target high net worth individuals (over £250k typically).

They are not independent. They sell their own product and they do not make their product available to Independents. Probably as there is no demand from IFAs to want it to be available.

The letter you have got is not from Ken Fisher. It's a mailshot mass printed letter carrying his name. They do a lot of marketing and their name has come up several times. That is reflected by the marketing rather than their near non-existent market share in the UK. Yet they are a virtual unknown in the UK. US companies generally have a very poor record of trying to break into the UK market.

Mr_Costcutter

dunstonh, do you have any idea as to how they gain information about the financial status of an individual, please. Might sound a naïve question, I know.

ManofLeisure_2

dunstonh wrote: »

Fisher Investments is well established in the US but tiny in the UK. It is non-mainstream and uses discretionary management rather than the conventional investment methods. Discretionary management is more expensive.

They are not independent. They sell their own product and they do not make their product available to Independents. Probably as there is no demand from IFAs to want it to be available.

The letter you have got is not from Ken Fisher. It's a mailshot mass printed letter carrying his name. They do a lot of marketing and their name has come up several times. That is reflected by the marketing rather than their near non-existent market share in the UK. Yet they are a virtual unknown in the UK. US companies generally have a very poor record of trying to break into the UK market.

Thank you for your reply, Dunstan - really helpful.

dunstonh

Mr_Costcutter wrote: »

dunstonh, do you have any idea as to how they gain information about the financial status of an individual, please. Might sound a naïve question, I know.

I guess its like most marketing mailshots. You found yourself on a list with limited info and that list gets sold on multiple times and you end up being mailshotted because of a very limited criteria. It could be that you visited a financial site at some point and agreed to be added to being added to a mailing list of third party companies in related areas. These mailshots will be sent out on the thousands or tens of thousands or even hundreds of thousands. Most never realising that at some point they passively agreed to be marketed.

Mr_Costcutter

Than you Dunstonh. The odd thing about the letter was that it stated that I (amongst many others' too) had been selected because of having liquid assets over £250,000. Very strange indeed.

dunstonh

Mr_Costcutter wrote: »

Than you Dunstonh. The odd thing about the letter was that it stated that I (amongst many others' too) had been selected because of having liquid assets over £250,000. Very strange indeed.

its possible that at some point you did a survey that asked such a thing. Or its possible that it could be like the mass text messages about your recent accident or similar when there has been no such thing but they will know they get lucky with a small percentage.

Mr_Costcutter

I never disclose financial information . However, it may simply be mass marketing as you say. Thank you for your reply Dunstanh.

chiefie

Had one too - went in the bin