Hello again.
I posted a thread a while ago asking about St. James's Place, which I have a trust fund with. After realising their huge upfront fee, plus ongoing management fees, I decided not to invest any more money in a separate fund with them, and opted to meet with a financial advisor. But whilst this advisor is advertised as independent, he works for True Potential, another wealth management company. And he pretty much only wanted to pitch an investment with them, although said he could come up with his own?


The upfront fee with True Potential is as low as 1.25% if investing over £50,000, and 2% if investing under that amount. Management fees add up to about 1.75% per annum.
The main concern is that they don't seem to have been around as long as SJP, and I'm not convinced they offer the same returns?


But looking at their performance with the newer fund which was set up in Oct 2015, and was pitched to us, they seem to have performed quite well.
I suppose my apprehension here is that this particular fund is only looked at on a yearly basis.
I believe SJP have people managing their funds on a monthly basis? True Potential did more poorly in 2017, but I know this could be the case with all investments.
SJP seem to say they hope to achieve around 7% on my medium risk fund, and True Potential about 5%, although I am aware there are never any guarantees.


I added up the figures and found that despite the horrendous 4% fee SJP charge, they would still bring in greater returns than True Potential if those percentages were typical, but it is all guess work.
I have never heard of True Potential before, so wonder if anyone uses them, or has heard about them in a positive or negative way?
Trustpilot reviews are both negative and positive, perhaps more positive, but then that site is a heap of ham to me...so take reviews on there with a heap of salt.


I will get more advice before deciding who to invest with, I do know I am not confident enough to go it alone at present.


So far I can only compare two companies, I will look for more, but in the meantime if anyone has any advise about this company, I would love to hear it.
Thank you.