St James's Place - won't get my cash

capital0ne

In the Telegraph yesterday Marianna Hunt mt one of their advisor's to discuss investing and this is what she found:

She was told "We find the best of the best of the world's fund managers to invest your money"
"If they're not good enough they'll be sacked"

Now SJP apparently only offers their own range of funds and she was told "...we usually outperform all of the time over three or more years"

Marianna had checked this beforehand and of the top 10 most popular funds only one had beaten at least three quarters of their rivals. In fact other research shows their funds fail to outperform !

In fact if you had invested £100,000 in the HSBC MSCI World ETF a year ago you would be £2,000 better off than if you had invested in SJP's Global Equity Fund.

Her other finding, and I've found this as well, is the 4.5% initial fee - £4,500 pounds just to get started.

Well I guess the choice is yours.

eskbanker

Further exclusive revelations to follow, including the arboreal defecatory habits of ursine mammals, and the religious persuasion of some guy in Rome with funny hats....

payless

Wonder if she told her bosses

https://www.telegraph.co.uk/financial-services/investments/investment-advice/?WT.mc_id=tmg_opt_v1_s5_explore-all-products_iv2_na&utm_source=tmg&utm_medium=opt&utm_content=v1_s5_explore-all-products_iv2&utm_campaign=tmg_opt_v1_s5_explore-all-products_iv2_na

tacpot12

eskbanker wrote: »

Further exclusive revelations to follow, including the arboreal defecatory habits of ursine mammals, and the religious persuasion of some guy in Rome with funny hats....

And if you watch QI you know that the Pope isn't a Catholic. The chap we call the Pope is actually has the job title of "Bishop of Rome"; he is not "The Pope". "The Pope" is the head of Coptic Christian Church, so is not Catholic. :eek:

capital0ne

eskbanker wrote: »

Further exclusive revelations to follow, including the arboreal defecatory habits of ursine mammals, and the religious persuasion of some guy in Rome with funny hats....

Brilliant - cheers :rotfl:

capital0ne

payless wrote: »

Wonder if she told her bosses

https://www.telegraph.co.uk/financial-services/investments/investment-advice/?WT.mc_id=tmg_opt_v1_s5_explore-all-products_iv2_na&utm_source=tmg&utm_medium=opt&utm_content=v1_s5_explore-all-products_iv2&utm_campaign=tmg_opt_v1_s5_explore-all-products_iv2_na

I'm sure she did - what do you think? :rotfl:

johnadams7

They told me exactly the same things - they sack their managers if they don't meet performance etc. Wanted 5% upfront.

Malthusian

tacpot12 wrote: »

And if you watch QI you know that the Pope isn't a Catholic. The chap we call the Pope is actually has the job title of "Bishop of Rome"; he is not "The Pope".

Right, and the Prime Minister of Great Britain isn't Boris Johnson, because there's no such job, it's First Lord of the Treasury. (And someone's probably about to tell me there's no such place as Great Britain either as it's called the United something of something and something.)

You can call him whatever you like, it's a free country. Just don't set a pub quiz on that basis unless you want beer mats thrown at you. If 99.99% of people think the head of the Catholic Church is called The Pope, he's The Pope. That's how language works.

eskbanker

Who believes that QI is infallible?

capital0ne

eskbanker wrote: »

Who believes that QI is infallible?

whats QI?:rotfl:

Thrugelmir

capital0ne wrote: »

In fact if you had invested £100,000 in the HSBC MSCI World ETF a year ago you would be £2,000 better off than if you had invested in SJP's Global Equity Fund.

Benchmarking against a different index perhaps accounts for the claim. I'd suggest the NQGI.

Needles in Haystacks.