Comedy article about SJP

talexuser

https://www.trustnet.com/news/13302710/sjp-adds-more-managers-as-it-learns-from-woodford-mistake

An absolutely toe curling article about St James Place, which actually assumes anybody with any sense would invest with them. They have just learnt from the Woodford debacle (after all that story only broke yesterday!) and you have the wonderful  advice that “If, in aggregate, your multi-managers outperform then your investors will get a good return".
Wow, what insight!
Comedy gold about a firm consistently at the bottom of league tables.

aroominyork

Run a five year table for emerging markets on Trustnet. Of the 111 funds, three of the bottom ten are managed by Jacob Rees Mogg's Somerset, who SJP - in their doubtless politically unbiased wisdom - have now appointed to manage their emerging markets funds 

Voyager2002

aroominyork said:

Run a five year table for emerging markets on Trustnet. Of the 111 funds, three of the bottom ten are managed by Jacob Rees Mogg's Somerset, who SJP - in their doubtless politically unbiased wisdom - have now appointed to manage their emerging markets funds 

Somerset is clearly of the very highest quality. Pity that it works best for its managers rather than its investors, but that is a mere detail.

Timbo29

Hi all,
I've been searching for articles relating to Woodford as I lost money and want to know if there is anything I can do to claim back more compensation. 
The whole thing has put be off using HL, and was considering SJP as an alternative... I sense you may have an alternative opinion and would be interested to hear it  

talexuser

They are basically one of the most expensive worst performers you could invest with, good luck.

ColdIron

To be fair to SJP, and I rarely am, they did constrain Woodford to FTSE350 companies. Arguably they looked after their clients better than HL

dunstonh

The whole thing has put be off using HL, and was considering SJP as an alternative... I sense you may have an alternative opinion and would be interested to hear it  

One of the major IFA research companies told IFAs to stop using Woodford back in 2017.   Yet you are considering sales reps that continued to keep Woodford up to the end?

Timbo29

Thanks for the feedback! 
Who do you recommend as a replace to HL? 

Daliah

Timbo29 said:

Thanks for the feedback! 
Who do you recommend as a replace to HL? 

Essentially any IFA.

dunstonh

Who do you recommend as a replace to HL? 

Look up your local IFAs.  Most are the size of your traditional local solicitor or accountant and not national chains.  So, we won't know the local firms operating in your area.