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  • FIRST POST
    • redmalc
    • By redmalc 4th Nov 10, 7:09 PM
    • 1,353Posts
    • 512Thanks
    redmalc
    St James Place Wealth Management
    • #1
    • 4th Nov 10, 7:09 PM
    St James Place Wealth Management 4th Nov 10 at 7:09 PM
    Hi has anyone used this company for will writing or advice,i have received information regarding there services and am looking to sort our affairs out.
Page 1
  • Errata
    • #2
    • 4th Nov 10, 7:35 PM
    • #2
    • 4th Nov 10, 7:35 PM
    You might find it useful to read this http://www.thisismoney.co.uk/investing/article.html?in_article_id=487879&in_page_id=166 and also google for reviews of the organisation.
    .....................I'm smiling because I have no idea what's going on ...
  • pennypitstop
    • #3
    • 4th Nov 10, 8:21 PM
    • #3
    • 4th Nov 10, 8:21 PM
    Hi Redmalc

    I think it will depend on the advisor, as the article posted by Errata suggests. I use this company but am confident that my advisor is very good. Do a thorough background check on-line and ask for the advisor's recommendations, experience and ask as many questions as you can. Many of the advisers are more than happy to provide testimonials.

    There will always be scare stories and rogue 'specialists' where financial matters are concerned, but I have found my guy from SJP to be honest and able to explain things in lay-man's terms!

    Penny
    Homer: I want to share something with you, Bart: The three little sentences that will get you through life. Number 1: Cover for me. Number 2: Oh, good idea, Boss! Number 3: It was like that when I got here.
    • monkeyspanner
    • By monkeyspanner 5th Nov 10, 6:15 PM
    • 2,119 Posts
    • 1,933 Thanks
    monkeyspanner
    • #4
    • 5th Nov 10, 6:15 PM
    • #4
    • 5th Nov 10, 6:15 PM
    I have used SJP for a number of years and have attended IHT planning seminars with them. I have to admit that their IHT planning scenarios seemed quite complex and a bit fringe but that might just be my perspective. They only offer their own investment products although they do buy-in investment management services on some of their funds from some of the majors so you can't consider them to be IFA's. I think their fund charges are quite high and that is reflected in the cars they drive and the suits they wear.

    My advisor seems pretty good and isn't heavy handed. He specialises in IHT planning but when I have needed other areas of advice he called in another advisor specialising in those areas.

    No harm in listening to what they say but as with all investment matters also seek alternative advice.
  • Once able
    • #5
    • 16th Sep 12, 10:46 AM
    St James place
    • #5
    • 16th Sep 12, 10:46 AM
    I have a number of pensions from various employers and personal which I am trying to consolidate together with a number of other small investments ( isa's etc). I have approached a branch of St James Place for advice but after reading the various messages on this site I am a little apprehensive about committing to them. I understood they were independent advisors but clearly I was mistaken. Any words of wisdom would be gratefully received. At 57 I am not in a position to get this decision wrong.
    Last edited by Once able; 07-10-2012 at 10:41 PM.
    • jamesperrett
    • By jamesperrett 19th Sep 12, 4:20 PM
    • 904 Posts
    • 541 Thanks
    jamesperrett
    • #6
    • 19th Sep 12, 4:20 PM
    • #6
    • 19th Sep 12, 4:20 PM
    My father invested some money with them and their funds performed poorly compared with similar funds that I had money invested in. Their management charges are also higher than most other funds.

    They're very slick and they make it seem like they have some heavy hitters on the board but their performance was disappointing in our case.

    James.
  • JimmyJar
    • #7
    • 19th Sep 12, 6:50 PM
    • #7
    • 19th Sep 12, 6:50 PM
    http://blogs.thisismoney.co.uk/2010/09/st-jamess-place-were-a-sales-organisation.html

    old but interesting.

    Jim
  • Audi80TDI
    • #8
    • 15th Nov 12, 2:42 PM
    SJP are great
    • #8
    • 15th Nov 12, 2:42 PM
    I have invested with SJP for over 12 years, and can report an average return of around 20% per annum. Maybe I'm just lucky with my current guy who took over from my previous SJP chap who unfortunately died. I think they operate a bit like a franchise, but with all the weight of mighty SJP behind them. And geography doesn't seem to matter - my chap operates all over the country. I am far from wealthy, but I receive the same care and attention as millionaires from this company. They may not be independent but are willing to handle existing investments outside of SJP.

    Good luck.
    • missile
    • By missile 15th Nov 12, 3:37 PM
    • 10,345 Posts
    • 5,358 Thanks
    missile
    • #9
    • 15th Nov 12, 3:37 PM
    • #9
    • 15th Nov 12, 3:37 PM
    My wife calls IFAs spivs in suits
    "A nation's greatness is measured by how it treats its weakest members." ~ Mahatma Gandhi
    Ride hard or stay home
    • tich2
    • By tich2 21st Nov 12, 6:53 PM
    • 175 Posts
    • 342 Thanks
    tich2
    I also deal with SJP and have done for the last four years, I have received about 10% growth and I am happy as the economy isn't as good as it used to be.
    The advisor I use seems very good and I will be staying with them for the time being.
    • gunboat4
    • By gunboat4 17th Mar 13, 1:32 PM
    • 37 Posts
    • 6 Thanks
    gunboat4
    Hi all. I have been with sjp for about 10years. I have had good returns. Could they go bust overnight and we all lose the lot???????????? Thanks.
    • schoolrunmum
    • By schoolrunmum 17th Mar 13, 4:46 PM
    • 2,664 Posts
    • 2,678 Thanks
    schoolrunmum
    We looked at using them, but when the advisor turned up at our house in a chauffeur driven car we wondered who would be paying for it! Went with Brewin Dolphin in the end. We've been pleased with them..
    Debt-free...and staying that way...
    • gunboat4
    • By gunboat4 18th Mar 13, 1:26 PM
    • 37 Posts
    • 6 Thanks
    gunboat4
    anyone~? i understand the stocks go all the way up............. and all the way down. however i ask again could i turn on sky news one morning to hear sjp have folded and our money has......been lost???????????/ thankyou
    • Biggles
    • By Biggles 18th Mar 13, 3:01 PM
    • 7,611 Posts
    • 5,016 Thanks
    Biggles
    anyone~? i understand the stocks go all the way up............. and all the way down. however i ask again could i turn on sky news one morning to hear sjp have folded and our money has......been lost???????????/ thankyou
    Originally posted by gunboat4
    Surely you haven't got your money invested with them, but with a company or companies recommended by them (for their fat fee)?
    • monkeyspanner
    • By monkeyspanner 19th Mar 13, 10:38 AM
    • 2,119 Posts
    • 1,933 Thanks
    monkeyspanner
    You might be interested in this article about LloydsTSB selling part of their holding in SJP a few days ago. Their remaining holding is 186 million shares.
    http://www.fool.com/investing/general/2013/03/12/lloyds-banking-group-raises-520-million-pounds-fol.aspx

    There are about 500million SJP shares in the market and LloydsTSB sold 101million in one lump this resulted in a 3% fall in share price.

    SJP have about 35billion under management at present for 140,000 clients.
    Last edited by monkeyspanner; 19-03-2013 at 10:41 AM.
  • Beatrice89
    Public Transport is getting too expensive
    We looked at using them, but when the advisor turned up at our house in a chauffeur driven car we wondered who would be paying for it! Went with Brewin Dolphin in the end. We've been pleased with them..
    Originally posted by schoolrunmum
    I may be worth reading the following article on Squidoo public-transport-vs-luxury-chauffeur-car as you may be very surprised to find it is cheaper to use a chauffeur car than use public transport.....or perhaps in the near future.
    • monkeyspanner
    • By monkeyspanner 22nd Mar 13, 10:08 AM
    • 2,119 Posts
    • 1,933 Thanks
    monkeyspanner
    I may be worth reading the following article on Squidoo public-transport-vs-luxury-chauffeur-car as you may be very surprised to find it is cheaper to use a chauffeur car than use public transport.....or perhaps in the near future.
    Originally posted by Beatrice89
    Not surprised when I looked at the cost of a Rail ticket for Bath Spa to Windsor at 90.40 return if you want to get there prior to 10:30am.
    • Polly Sparky
    • By Polly Sparky 22nd Mar 13, 2:07 PM
    • 39 Posts
    • 10 Thanks
    Polly Sparky
    If we have invested with SJP in various funds I guess this still means all our eggs are in one basket?
    • ukclare
    • By ukclare 29th Mar 13, 10:25 AM
    • 234 Posts
    • 450 Thanks
    ukclare
    We looked at using them, but when the advisor turned up at our house in a chauffeur driven car we wondered who would be paying for it! Went with Brewin Dolphin in the end. We've been pleased with them..
    Originally posted by schoolrunmum
    Or more likely, he had spent too many evenings celebrating after clinching the deal and driving home!!!
  • chopperman79
    beware
    I have done thorough research into SJP.

    Firstly, they are not independent. They are therefore pushing there own products. This is not advice, this is SELLING. Therefore you are going to get there product whether you like it or not.

    Secondly, all "partners" are well versed in sales tactics to make you depart with your hard earned cash. Again, SALES. It is no co-incidence that SJP was born out of allied Dunbar, or allied crowbar as they are know. All the plush marketing material is very slick, BUT YOU ARE PAYING FOR IT.

    Lastly, they are very expensive - look at fund charges - they are very sly and try to add charges here and there. For instance, on thier funds in thier pension there is a fixed 1.25% amc, then for some funds there is is additional charges taking AMC well over 2% - they then have BID/OFFER spreads of around 5%!

    Please people - if you want to preserve your cash do not use SJP - if you need help with your financial matters go find a decent IFA.
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