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  • FIRST POST
    • TychoTMA
    • By TychoTMA 4th Jul 18, 5:43 PM
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    TychoTMA
    R.C.Brown Investment Managers
    • #1
    • 4th Jul 18, 5:43 PM
    R.C.Brown Investment Managers 4th Jul 18 at 5:43 PM
    Has anyone had any experience of using R.C.Brown (Bristol)? They are Investment Managers, as distinct from Financial Advisors.
Page 1
    • Zanderman
    • By Zanderman 4th Jul 18, 6:17 PM
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    Zanderman
    • #2
    • 4th Jul 18, 6:17 PM
    • #2
    • 4th Jul 18, 6:17 PM
    Not something I know about but I'm sure someone who knows about these things will be along to give a considered opinion soon.

    But, in the meantime, here's their website http://www.rcbim.co.uk/ for those wanting to see what they do.
    • dunstonh
    • By dunstonh 4th Jul 18, 6:55 PM
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    dunstonh
    • #3
    • 4th Jul 18, 6:55 PM
    • #3
    • 4th Jul 18, 6:55 PM
    They are a small discretionary investment management firm. They make their services available to advisers who want a discretionary investment management service (some adviser firms are pro discretionary investment management - others against).

    They are expensive going by their fee schedule for smaller investors but not bad for a DFM for larger investors. DFMs are not really aimed at smaller investors though. So, that is understandable. It isnt clear how much of their portfolio is shares etc and how much is funds. If it is funds and there is an adviser charge on top of the fund charge and the DFM charge then it is looking costly. If its all direct assets then its better value.

    It isn't clear from the fee schedule how much VAT is involved (i.e. how much of their fee is subject to VAT). DFM services are normally vatable whereas most advisory is not.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
    • TychoTMA
    • By TychoTMA 5th Jul 18, 1:59 AM
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    TychoTMA
    • #4
    • 5th Jul 18, 1:59 AM
    • #4
    • 5th Jul 18, 1:59 AM
    They were recommended by a friend, but one who I suspect is not very savvy. I need to get more from him as to the criteria by which he judges them. I believe their portfolio is mainly funds. Their website may give an impression that they are bigger than they actually are, as websites often do.
    • dunstonh
    • By dunstonh 5th Jul 18, 7:48 AM
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    dunstonh
    • #5
    • 5th Jul 18, 7:48 AM
    • #5
    • 5th Jul 18, 7:48 AM
    I believe their portfolio is mainly funds.
    In which case, that makes them expensive as there are too many layers.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
    • TychoTMA
    • By TychoTMA 5th Jul 18, 7:48 PM
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    TychoTMA
    • #6
    • 5th Jul 18, 7:48 PM
    • #6
    • 5th Jul 18, 7:48 PM
    In which case, that makes them expensive as there are too many layers.
    Originally posted by dunstonh

    Sorry, don't understand your comment. If I invest directly with RCB, then isn't it the case that there are just the same number of layers as if I invested via the local IFA who then put the money in funds?
    • dunstonh
    • By dunstonh 5th Jul 18, 8:06 PM
    • 93,368 Posts
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    dunstonh
    • #7
    • 5th Jul 18, 8:06 PM
    • #7
    • 5th Jul 18, 8:06 PM
    Sorry, don't understand your comment. If I invest directly with RCB, then isn't it the case that there are just the same number of layers as if I invested via the local IFA who then put the money in funds?
    Originally posted by TychoTMA
    They are a DFM. Not an advisory company. They dont give advice. So, its different to an IFA. Plus, IFAs would not be subject to VAT. DFMs are.

    Their website indicates they offer DFM services to clients of IFAs.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
    • TychoTMA
    • By TychoTMA 5th Jul 18, 10:51 PM
    • 10 Posts
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    TychoTMA
    • #8
    • 5th Jul 18, 10:51 PM
    • #8
    • 5th Jul 18, 10:51 PM
    They are a DFM. Not an advisory company. They dont give advice. So, its different to an IFA. Plus, IFAs would not be subject to VAT. DFMs are.
    Their website indicates they offer DFM services to clients of IFAs.
    Originally posted by dunstonh
    The website might be loosely worded; as mentioned in an earlier post, I have a friend who deals directly with them with no IFA involved. So, in terms of number of layers, I don't see that he's worse off; he's got the DFM and the Fund Manager to pay. If the advice is good (and he's delighted with them), I'd say that having VAT on their fees is going be quite a small issue.


    I think there's a perspective that says that by the time your'e in you mid-60's (as we are), lots of the issues an IFA might help with are already done and dusted; closed out several years ago.


    It seems to me that the only real concern that I have where there are options for major changes is the composition of my investment portfolio and a DFM could be one good way of dealing with that.
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