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Post by peertopier on Nov 15, 2024 17:15:18 GMT
I've been chatting to Fisher investments. They're trying to sell me the idea of a managed fund that uses selected stocks out of the MCSI 1,500 that they say has an annualised return that's on average 2% above the market average (net, after their fees). But the fees are fairly high and the reviews of them are all over the place. Just wondering if anyone has any experience.
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james100
Member of DD Central
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Post by james100 on Nov 15, 2024 18:00:58 GMT
No, they don't have a good reputation but I don't have direct experience. What are the fees, what is the fund and what is the specific benchmark being used for 'market average'?
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benaj
Member of DD Central
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Post by benaj on Nov 15, 2024 18:33:09 GMT
I visited One Canada Square once, the building has lots work spaces. There's a no appointment no visit policy. Anyway, I haven't dealt with Fisher but when I was wondering around on some high level in OCS, there was a couple having XXX in one of the work space. I almost got lost in the building for 10 minutes as I struggle to find the office location for the private clinic. I believe Fisher states they are located in One Canada Square, while many fintech have stated they have office on Level 39  |
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agent69
Member of DD Central
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Post by agent69 on Nov 15, 2024 19:03:45 GMT
I've been chatting to Fisher investments. They're trying to sell me the idea of a managed fund that uses selected stocks out of the MCSI 1,500 that they say has an annualised return that's on average 2% above the market average (net, after their fees). But the fees are fairly high and the reviews of them are all over the place. Just wondering if anyone has any experience. According to Trustpilot over 90% of reviews are either 1* or 5*. Never a good sign.
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james100
Member of DD Central
Posts: 1,084
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Post by james100 on Nov 15, 2024 19:14:48 GMT
I have just searched some related reddit groups and would definitely avoid them. Still interested in what they're trying to get you to sign up for and how much %.
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travolta
Member of DD Central
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Post by travolta on Nov 15, 2024 22:15:05 GMT
Don't do it .
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Post by peertopier on Nov 20, 2024 11:33:56 GMT
It's OK. I'm not doing it.
I've done a bit of internet reading and someone said that the S&P500 index tends to outperform their managed funds. I've halted their discussion process but I've asked what fund they were going to recommend so I can take a look.
Their relentless chasing of me is a big turn off and suggests that they spend a lot of money on finding customers.
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dead-money
Rocket to the Moon
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Post by dead-money on Nov 21, 2024 8:56:16 GMT
They try to sell the gullible on the idea that their stockpicking a personalised portfolio will outperorm a global index tracker. i.e. it's an expensive discretionary managed service.
The kicker is their "investment management services are provided by Fisher Investments UK’s parent company, Fisher Asset Management, LLC, trading as Fisher Investments, which is established in the US and regulated by the US Securities and Exchange Commission. ...The protections of the UK regulatory regime, including the Financial Services Compensation Scheme (FSCS), apply to the activities of Fisher Investments UK and any UK service providers. However, such protections do not apply in relation to the services of Fisher Investments"
So in effect, they are UK sales agents for a US brokerage.
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