Need help managing my investments!

PatelA

Hi all

So I have money invested in a number of funds with Hargreaves Lansdown right now, as well as some money in a SIPP. The overall value of the entire portfolio, including SIPP, is £150,000.

Unfortunately I don't have the experience nor the time to constantly fiddle around with things but am aware my portfolio is quite high risk, structured quite poorly with the current geopolitical climate (70% invested in the UK and North America), plus the return of about 5% per annum isn't particularly great given the risk profile.

What I am looking for is a review and reshuffle of the portfolio based on my circumstances, the current climate, and also with retirement planning in mind (some way off yet) but am not sure where to start.

I am reluctant to use one of HL's own FA's as they are quite costly, and I don't really have enough to justify a 'wealth management' company.

Would anyone have any suggestions on what avenues to pursue? I am open to moving away from HL but would like to put my trust in someone who is properly equipped to do so.

Hope this all makes sense, thank you!

Linton

You could talk to a local IFA. Have initial chats with 2 or 3 and chose the one you feel will be most helpful. Another option is to simply go for a single holding of a multi-asset fund at a risk level you feel comfortable with and leave the management to the fund manager.


It doesnt matter which platform you use, most mainstream platforms have most mainstream funds available.

atush

Or you could invest in global multi asset funds which would be mroe diversified than your current one. Look at Vanguard, but there are others.

DrSyn

Those before me have mentioned the ways.

(a) Find an IFA you think you can trust.

https://www.citizensadvice.org.uk/debt-and-money/getting-financial-advice/


(b) Look after it yourself by putting it in a global multi-asset fund.

http://www.kroijer.com/

https://www.vanguardinvestor.co.uk/investing-explained/what-are-lifestrategy-funds?intcmpgn=lifestrategyfunds_learnmore_link

https://forums.moneysavingexpert.com/discussion/5879942/multi-asset-funds-differences&highlight=multi+asset


(c) I suggest whatever you decide to do the the following would be be helpful to you.

https://www.ifa.com/indexfundsthemovie/

PatelA

Thank you all!