Hargreaves & Lansdown SIPP for newbie
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Confuciusone wrote: »Which ready made SIPP portfolio are you refering to?
Managed or Master portfolios - Build your own investment portfolio
Build your own is fine. You make the choices so its part of DIY. However, the ready made or portfolio funds are expensive options. You dont get the cost benefit of going DIY if you use those. You get an option that is typically more expensive than an advised option without the consumer protection of advised. A jack of all trades, master of none style approach.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Build your own is fine. You make the choices so its part of DIY. However, the ready made or portfolio funds are expensive options. You dont get the cost benefit of going DIY if you use those. You get an option that is typically more expensive than an advised option without the consumer protection of advised. A jack of all trades, master of none style approach.
The HL Portfolio+ is quite expensive because they use HL's multi-manager funds, which have an extra layer of charges. But they're still less than the charges the OP of the above thread was paying for simply getting one multi-asset fund!0
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