Portfolio changes

[Deleted User]

Ok, well that's to his credit at least. 
I wish you better luck with these investments, johnnyren.
Remember it is your money.

planteria

it looks overly diversified and very cautious to me..
it makes sense that you're looking to retire in 4 years, as though i'm not familiar with some of those funds and you'd need to take time to understand them all properly, it feels as though his main approach is to try to avoid losing money. 
perhaps it's worth taking ZPZ's last sentence to heart and selecting a diversified, perhaps defensive, fund yourself.
we're in a period of big changes, i'd be trying to benefit from the changes rather than holding such a diversified pension pot, accepting that my risk tolerance could be off your IFAs scale.

dunstonh

johnnyren said:

 Hi 
        Just had my porfolio review with my ifa which has resulted him in recommending a number of changes  now proposing , 
14.29 brewin dolphin mps income 
14.29 fei hybrid standard life risk level 2 medium term
14.29 hsbc global asset mgt conservative portfolio c acc
14.29 lion trust fund passive moderate s acc
14.28lion trust fund sustainable future defensive managed 2 Inc
14.28 rlum (cis) Ltd sustainable managed growth trust c acc
14.28 vanguard investments life strategy 40% equity a acc
The sipp is sitting at 470 000,       any views on how it looks appreciated 
        Thanks 

I know investing is about opinion and everyone will have a different opinion but the first two are DFM options and the rest are multi-asset passive funds.       You could hold any one of those in isolation but sticking an equal amount in each is really hedging your best.VLS, Liontrust (ex architas) and HSBC GS are three very similar funds.   FEI hybrid is a portfolio of active and passive.

It looks like the portfolio of someone with indecision.  Not unsuitable for the risk profile and not bad advice.  Just someone that lacks conviction.     Also, there is very little work there for the IFA as they have farmed a chunk out to a DFM and used multi-asset for the rest.

Be wary of posters telling you to take more risk than you are comfortable with.  you should stick with your tolerance. Not theirs.

johnnyren

dunstonh said:

johnnyren said:

 Hi 
        Just had my porfolio review with my ifa which has resulted him in recommending a number of changes  now proposing , 
14.29 brewin dolphin mps income 
14.29 fei hybrid standard life risk level 2 medium term
14.29 hsbc global asset mgt conservative portfolio c acc
14.29 lion trust fund passive moderate s acc
14.28lion trust fund sustainable future defensive managed 2 Inc
14.28 rlum (cis) Ltd sustainable managed growth trust c acc
14.28 vanguard investments life strategy 40% equity a acc
The sipp is sitting at 470 000,       any views on how it looks appreciated 
        Thanks 

I know investing is about opinion and everyone will have a different opinion but the first two are DFM options and the rest are multi-asset passive funds.       You could hold any one of those in isolation but sticking an equal amount in each is really hedging your best.VLS, Liontrust (ex architas) and HSBC GS are three very similar funds.   FEI hybrid is a portfolio of active and passive.

It looks like the portfolio of someone with indecision.  Not unsuitable for the risk profile and not bad advice.  Just someone that lacks conviction.     Also, there is very little work there for the IFA as they have farmed a chunk out to a DFM and used multi-asset for the rest.

Be wary of posters telling you to take more risk than you are comfortable with.  you should stick with your tolerance. Not theirs.

Thanks for reply ,      can I ask one now thing please  ?    my ifa when putting forward the suggestions told me he would be using the potentials back up service and admin side of things to save money ,     he assured that he wasn't selling anything to them or using any of there investment portfolios ,   does that sounds reasonable or concerning 

johnnyren

planteria said:

it looks overly diversified and very cautious to me..
it makes sense that you're looking to retire in 4 years, as though i'm not familiar with some of those funds and you'd need to take time to understand them all properly, it feels as though his main approach is to try to avoid losing money. 
perhaps it's worth taking ZPZ's last sentence to heart and selecting a diversified, perhaps defensive, fund yourself.
we're in a period of big changes, i'd be trying to benefit from the changes rather than holding such a diversified pension pot, accepting that my risk tolerance could be off your IFAs scale.

Thanks for the reply ,   I'm afraid I wouldn't know where to start in selecting a fund for myself ,   I do agree that the problem seems to be excess caution ,   maybe a chat with him again to get things moving a bit 

[Deleted User]

Concerning if you mean True Potential.

johnnyren

ZingPowZing said:

Concerning if you mean True Potential.

I did raise a concern but he assured me it was just to use there back office systems and admin support  to save on fees ,   I have it in writing nothing regarding my portfolio was going to them 

[Deleted User]

When you want to look at your SIPP, johnnyren, which platform do you access?

johnnyren

ZingPowZing said:

When you want to look at your SIPP, johnnyren, which platform do you access?

Standard life ,   he told me that wouldn't change 

[Deleted User]

That's good.