Re: Portfolio Management

"GJ" <jones@xxxxxxxxxxxxxxxxxxxx> wrote:

>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.

That's a reasonable idea *if* a stockbroker can prove that they would
have managed the money better over the period. That's the first thing
that you should get them to demonstrate. A large number fail to even
match the index, hence the recent attraction of Index funds or the
better value for money Exchange Traded Fund (ETF) alternative
<URL:http://www.trustnet.com/etf/>.

The most successful strategies through history are detailed in Tweedy
Brownes report
<URL:http://groups.google.co.uk/groups?hl=en&q=group%3Auk.finance+%22Tweedy+Browne%22&qt_s=Search>

High yield strategies rank highly.

>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?

Appear comparatively high to me.

Why not use an investment trust like Personal Assets Trust
<URL:http://www.trustnet.com/it/funds/?fund=313>. Set up by the
managers as a tax efficient way to manage their own portfolios. They
have a remarkably down to earth approach as evidenced in their
quarterly reviews
<URL:http://boards.fool.co.uk/Message.asp?mid=7550469&sort=whole>
which they will send you on request (published every 3 months in
addition to the book referred to here).

>We are rather naïve in the workings of the finance world and would be
>pleased to receive advice.

......but intelligent enough to find one of the best financial forums
in the UK ! The other being <URL:http://boards.fool.co.uk/> although
The Motley Fool evengelises about managing your own portfolio. It's
not necessary to understand finance, just to be able to locate people
who do.

Depending on the amount, it might be worth investigating inheritance
tax avoidance strategies eg
<URL:http://groups.google.co.uk/group/uk.legal.moderated/msg/3bce79f99c50279e?hl=en&;>
&
<URL:http://groups.google.co.uk/group/uk.legal.moderated/msg/e97a0131b846cbe1?hl=en&;>

Post again when you've investigated the offerings and people here will
be able to comment on their respective merits.

hth

Daytona
.

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