Fisher Investments UK - opinions?

masonic

Silverpete said:

Unfortunately you miss the point. Simple tracker funds are not that simple or tracker. It's easy to play against them if you are a small investor. Anyhoo I hold no torch for Fisher or any other wealth manager, but no all are bad for investors. Might I ask those who are so pro these tracker funds if they use them themselves? I'm not talking about short term weighted ones either.

The chart I posted speaks for itself. The question was related to the fund featured in the chart. Active funds exist that are suitable for certain objectives, but the fund under discussion has no discernable merits.

I'm willing to hold active or tracker funds in my portfolio. Active funds currently make up only 14% of my portfolio, and my largest active fund by has a management charge of 0.39%. What I am "pro" is not being ripped off for mediocre performance and greater exposure to loss in a downturn. But I suspect I was not the target of your comments.

Pumpkin75

I assure you as someone who has been talking to them this week, performance stats are net of annual management fee. Custodian and initial fee may not be (though the response I had to my question detailed all fees and stated that performance data was net of these.)

I am looking for feedback from people who have chosen to invest with them.

masonic

If you're only interested in customer service, not value for money, then Trustpilot is probably a better bet.

Eyeful

Silverpete said:

Unfortunately you miss the point. Simple tracker funds are not that simple or tracker. It's easy to play against them if you are a small investor. Anyhoo I hold no torch for Fisher or any other wealth manager, but no all are bad for investors. Might I ask those who are so pro these tracker funds if they use them themselves? I'm not talking about short term weighted ones either.

1. Yes, I  use  a passive low cost FTSE- All World ETF and have done for quite some time.

2. You say it is easy to play against them if you are a small investor.
Then please name the active wealth manager (who over lets say just 20 years) after charges/ fees are taken into account  consistently matches or outperforms the FTSE-All World index.

UncleK

I've done my best Pumpkin75.
IMHO Fishers have an overkeen salesperson who is conflating the two Annual Management Fees into one when there should be two. Those FT figures tell the story.
I am (obviously) not a Fisher investor but I went all the way of talking to them and getting detailed quotes which is where my figures come from before I then did the maths and made my decision.
Good luck in whatever you do but please get it all in writing.