Fisher Investments - any views

sargan

As asked about returns an example returns on FSAVC has done 6.6% in past 12 months
One of the ppp has done 10.1% over past 12 months

Fisher are talking about 26 - 28% returns

I did find a MoneyWeek article, not too flaterring:
http://moneyweek.com/merryns-blog/ken-fisher-is-wrong-fund-management-fees-are-too-high/

Malthusian

Reputable firms do not cold call. Nor do they claim to be able to guarantee 26-28% returns per annum.

Fisher Investments, regardless of whether their chairman is right about fees or not, appears to be a reputable wealth management firm, which has been in business for about 40 years.

That leads me to suspect that someone is pretending to be from Fisher Investments when they are no such thing. This is quite a common tactic among scammers.

jamesperrett

Like coyrls, I keep seeing their adverts popping up on all kinds of websites and have been wondering if anyone has anything to say about them? I doubt I would be one of their target customers as I have a non transferable DB pension but I'm just intrigued (though wary of clicking on the advert myself).

Wookey

The only sort of investment that would give you those sort of returns would be to buy a business but that kinda defeats the point of retiring in the first place, either that or there fund manager has some sort of crystal ball.

dunstonh

Some colleagues have cashed in Pensions, bought property and have the rental income as their future.

Seems like a stupid thing to do. Why pay all that tax to get a smaller lump sum which only results in a yield that is similar or lower than what a pension could do.

Annuities for the future will seemingly not give me anywhere near what I need.

Shortfalls are generally best met by paying more towards them. Not by going into unregulated or high risk speculative stuff that goes missing.

Fisher are talking about 26 - 28% returns

Scams play on peoples greed. It appears to be working in your case. I would suggest you contact the FCA and tell them that this firm have said you can get returns of 26-28% a year. Even if the firm are genuine, the people trying to sell their service are clearly not. And as mentioned, there are common scams that spoof real firms by using similar names and give the impression they are someone else.

Repeat. No genuine firm will tell you that you can get 26-28% a year.

sargan

They were giving examples of typical returns that people had over last 12 months ... without stating 'I' would get that.

I have not been 'taken in'. I am in process of finding out more about Fisher without committing anything.

Glad of the comments here.

isabelluscombe

I agree. A local IFA firm is a better option.

dunstonh

They were giving examples of typical returns that people had over last 12 months ... without stating 'I' would get that.

2016 was a bumper year for equities. Anyone with honesty and integrity would make that clear.

jamesd

sargan wrote: »

That is why I am in information gathering mode.
Annuities for the future will seemingly not give me anywhere near what I need.

That's usually the case. Have a read of Drawdown: safe withdrawal rates.

jamesd

sargan wrote: »

As asked about returns an example returns on FSAVC has done 6.6% in past 12 months
One of the ppp has done 10.1% over past 12 months

Fisher are talking about 26 - 28% returns

Nothing unusual there. All results that could normally be expected to have been delivered by normal investments within a pension over the last twelve months. It's been quite a good year for equities in many markets, while you probably aren't fully invested in such equities. The FSAVC and PPP are closer to long term averages than 26-28% is. UK long term stock market average is about five percent plus inflation.