Tuesday 1 May 2012

View on Fisher Investments UK?

Question
First I'd like to congratulate you on your website. Next, may I ask whether you or your readers have any views (good or bad, so long as they are publishable) on the services of Fisher Investments UK.Answer
Glad you like the site.

I'm afraid I don't know much about Fisher Investments UK, but hopefully the following might be of some help.

Fisher Investments is a successful business in the US, run by the prolific Ken Fisher - who's written a number of books on investing and is a high profile media pundit. However, the UK business is far lower key, although it obviously trades on Fisher's profile and investment philosophies.

Fisher Investments UK seems to target individuals with £250,000 or more to invest in Fisher's discretionary investment service, i.e. you give them your money and they run the portfolio as they see fit. I believe Fisher uses their own range of funds to achieve this (much like Towry) rather than running a truly bespoke portfolio service. Reading their investment literature suggests a high bias towards global equities, the US in particular. I don't know how well they diversify across other asset classes such as bonds, commodities and property.

The key with discretionary management is obviously performance and in this respect I'm afraid I can't help - Fisher doesn't publicly publish any sample portfolio figures (which sadly tends to be the norm), although I gather they supply these if you meet with them in person. They also don't publish details of charges on their website, I'm always wary of financial advisers/investment managers who don't do this. if you're competitive then why not let everyone see...

My only contact with the Fisher Investments UK has been bumping into a couple of ex-colleagues when they were working there (they've since left). I think it's fair to say both are quite sales orientated individuals rather than technicians, so I suspect the company's approach is to employ advisers (salesmen?) to pull in clients with other investment professionals within the company running the portfolios. Nothing necessarily wrong with this, in some ways it's a sensible delegation of labour and an approach used by a number of discretionary management companies, but it means your adviser won't be the person running your portfolio.

Provided you're comfortable with a company that sells its own investment service and don't require a fully bespoke portfolio then I can't see the harm in meeting them to find our more. But, as with any investment company, be sceptical, ask lots of questions about the investment process and service you can expect to receive and ensure you fully understand all charges involved.

Read this Q and A at http://www.candidmoney.com/questions/question581.aspx

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