Managed Portfolio Service for investing SIPPs and ISAs

Blondbabe

I'm 78, retired, and I feel I'm being overcharged for managing my SIPP and ISAs.  I am paying a management fee, a platform fee and an advisor fee.  I'm not in drawdown and have no plans to access my pension fund in the foreseeable future. My current advisor gives me no useful advice and the investment return is poor.  I don't want to manage my own investments.  All I want is a Managed Portfolio Service but without financial advice.  I do want to be able to log on occasionally to see the value of my investments.   Can anyone tell me where I can get the service that I'm looking for please?

dunstonh

 am paying a management fee, a platform fee and an advisor fee.

It should be more than that.  It is normally broken down as:
Platform charge
OCF
TC
IC
DFM (if one)
Adviser (if one)
Then total.

Most people ignore the TC as its not an explicit charge but synthetic and flawed.  DIY investors totally ignore it but platforms and advisers are required to disclose it.   IC is normally zero.

My current advisor gives me no useful advice and the investment return is poor.

Are the returns poor or do the returns reflect the assets you are invested in?
For example Bonds have had their worst period in over 100 years. They are flat over 7 years and down in any period less than 7 years.  So, any portfolio that is heavy in bonds (which is typically your more cautious portfolios) will not have had a good time since 2021.

Can anyone tell me where I can get the service that I'm looking for please?

Your adviser can arrange that if they are an IFA but not if they are an FA.       You can also self select on the platform (most platforms are whole of market) and pick a multi-asset fund.  However, before you do that, you really need to know if you existing portfolio is actually poor quality or it just reflects the assets that it invested in.  Even the top rated portfolios/multi-asset funds that were heavier in defensive assets have had a torrid time.