Re: Portfolio Management

In message <43397fbc$1_3@xxxxxxxxxxxxxxxxxxxxxxxxxxxxx>, GJ <jones@xxxxxxxxxxxxxxxxxxxx> writes 
My wife and I have a mixed portfolio of Shares and Unit Trusts. It has built
up gradually over the last 25 years. It has been suggested that we should
put it in the hands of a Stockbroker to manage it. The initial charges are
3% followed by 1.25% annual charge. It would seem to me that it might take
some time to re coup these charges. Can anybody offer any advice? Is there a
minimum value of Portfolio that should be put in the hands of a stockbroker?
We are rather naïve in the workings of the finance world and would be
pleased to receive advice.

You need to find a 'fund manager' who is also a stockbroker and also one you will give you a bespoke service and not just put you in their 'balanced portfolio'. Dont accept an initial charge and 1.25% seems high if there isnt an intermediary IFA. If the value is less than £100k then it isnt worth it. Dont go to a local broker, there are a couple of decent national brokers with regional offices who will give you a bespoke, bottom up, stock picking service for .5 to .7% per annum.
--
John Boyle
.

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