Tatton managed portfolio service.

elantan

Hi,

wonder if anyone can help me, this company has recently ( last week) been highlighted to me as a good place to put some money (£80k ish, advised by my IFA) I've had a look and cant see anything glaringly obvious for a reason not to invest, but I do know I am not well educated on the current financial markets etc.

Im just trying to ensure I can make the right decision and just wanted to know if there was anything anyone can shed light on that I should consider or think about, thanks

Thrugelmir

What are the charges for the managed portfolio service? £80k is not a large sum relatively. The charges imposed could have a sizable impact on the investment returns achieved.

elantan

Thrugelmir wrote: »

What are the charges for the managed portfolio service? £80k is not a large sum relatively. The charges imposed could have a sizable impact on the investment returns achieved.

Thanks will find that out, it isnt a huge sum but it's a start

just need to ensure it keeps growing and costing me the right amount, I have no problem paying for advice, but dont want to be ripped off ( as I'm sure everyone else feels the same way)

bostonerimus

Their management fee is low at 0.15%, but find out the fund fees. I saw one at 1.25% which would put the total at 1.4% and the add the IFA at 0.5% and you are giving away 1.9% which is ludicrous. My attitude is why would you need a portfolio management service when you can buy a multi asset fund directly form someone like Blackrock or Vanguard?

bostonerimus

elantan wrote: »

Thanks will find that out, it isnt a huge sum but it's a start

just need to ensure it keeps growing and costing me the right amount, I have no problem paying for advice, but dont want to be ripped off ( as I'm sure everyone else feels the same way)

Paying for good advice is sensible, buy paying high fund fees and ongoing service charges that provide little value is not, so make sure you understand everything before you proceed.

elantan

bostonerimus wrote: »

Paying for good advice is sensible, buy paying high fund fees and ongoing service charges that provide little value is not, so make sure you understand everything before you proceed.

our IFA is managing the money for us ( I dont feel confident that I could manage it myself) so they have their fee every year as well

I wouldn't even know how to go about changing to ourselves if we wanted to, and that kinda information comes at a cost ( which I wouldn't mind paying if it worked out for the best)

I just dont want to change from one IFA that is managing our money to another IFA that will charge the same


when I look up IFA details online it's just a minefield

bostonerimus

Is your IFA or Tatton "managing" the money? Make sure you understand the fees on the funds and the services you are paying for from your IFA and the portfolio management service.

If you took some time and did a bit of research I think you'll find that for every specialized Tatton portfolio there is a less expensive alternative from someone like Blackrock, Vanguard, HSBC etc. You myst find out how much your IFA charges and the cost of Tatton,,,,service fee plus fund fees and understand what you are paying for.

SonOf

If the IFA is using Tatton then it means the IFA is not making the investment decisions but using a discretionary fund manager instead of normal retail investment funds. That is another level of charges and makes the IFA's job easier.
This potentially sounds more like a "wealth manager" IFA rather than general practitioner IFA. Wealth manager IFAs (or FAs) tend to be more expensive.

DrSyn

1. Have you checked they are actually an IFA and not just an FA?

2. You are paying someone to manage your money for you. So why are they then passing you onto someone else?

3. I do not know which parts of managing your own money you are not confident of. If it is just managing investments then why not consider a Passive Global Multi- Asset Fund set at a risk level you are comfortable with and do it yourself?

4. Whatever you decide to do, I suggest you first watch both of these:-

http://www.kroijer.com/

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