St James's Place - HELP!!

KitGeorge

Hang in there my friend - there's a cold wind blowing over all of us right now. If you'd had your money in with SJP a few years earlier, you would have seen it make a very healthy growth - no cause for complaint in those circumstances. As several posters have said - that sort of investment is medium to long term

hedger

Just a quick update. Im even more annoyed now. I tried contacting the SJP partner but he text back saying he was in Hong Kong but promised to get in touch when he returned last week. Im still waiting.

Blowsy

That's not good enough and there's never an excuse to promise something to someone and not deliver. All I'd say is that the dealings I've had with partners of St. James's Place have been nothing but positive and I can certainly vouch for them as an organisation.

The only thing I can think of in his defense is that tax year end is the craziest time of year a financial professional but still it's pretty poor.

Give him a call to remind him he's forgotten and let him know your feelings it looks like you need to make sure he knows what level of service you expect.

meester

Just FWIW, there are plenty of past threads on here criticising St James' Place.

http://forums.moneysavingexpert.com/showthread.html?t=241739
http://forums.moneysavingexpert.com/showthread.html?t=462921

jaxxbizkit

Definately speak to your St James Place Partner first.

St James Place have some of the best financial instituations working under them and they have to work hard and prove themselves constantly to remain a partner

If you are not getting results with your investment after speaking to your partner then an individual adviser will be the way to go. but be very careful as when they see how much you have to invest their eyes will widen!

jaxxbizkit

just read your message about the partner not getting back to you.

You can try an alternative way of doing this (slightly more long winded)

Call St James Place's administrator company on 0800 027 1031. You can request any details of your account on this number (after passing security checks). The only things they wont be able to do is give you any financial advise or fund performance data.

They can however get in touch with your partner on behalf. Again this is a long winded way of doing things but worth a shot if nothing else helps

dunstonh

One thing you can say about St James Place. They are very slick and professional. However, the fact cannot change that they do not have access to the whole of market. They are certainly a better option than your bank or building society but if you want a fully diversified portfolio utilising a wide range of funds and sectors then you are not going to get it from St James Place.

Blowsy

dunstonh wrote: »

if you want a fully diversified portfolio utilising a wide range of funds and sectors then you are not going to get it from St James Place.

They have managed funds with exposure to all sorts of asset class (equities, cash, bonds, commodities, property etc) and fund management style, as well as specialist funds like North American, Far East, Commercial Porperty etc etc.

Where do they lack diversification?

jem16

Blowsy wrote: »

They have managed funds with exposure to all sorts of asset class (equities, cash, bonds, commodities, property etc) and fund management style, as well as specialist funds like North American, Far East, Commercial Porperty etc etc.

Where do they lack diversification?

It's not exactly diversified if you only have 2 funds in each - income or accumulation.

Take their Unit Trust choice for example;

SJP - 33 funds by one provider

Fund Supermarket - over 1100 funds and 60 providers

dunstonh

Blowsy wrote: »

They have managed funds with exposure to all sorts of asset class (equities, cash, bonds, commodities, property etc) and fund management style, as well as specialist funds like North American, Far East, Commercial Porperty etc etc.

Where do they lack diversification?

What india funds do they offer?
What china funds?
financial?
agriculture?
property share?
natural resources?
focused BRIC?
focused emerging markets?
What variety of high yielding bond funds do they have?