Is there a financial advisor in the UK who puts his money where his mouth is?
Question:
Answer:
I think most fund managers (not advisers) put a lot of their money in the funds they ran, but of course that does not ensure success. Essentially investing depends on luck.
Until a few years ago financial advisers had their own funds, but their performance was highly embarrassing and they had to stop them.
Now they just have a recommended list of funds from different managers which they update every year so as to include the best recent performers. Of course this is a fraud, because past performance is not related to future performance.
The question misses the point. An investment that is okay for 30 year old risk-taker may not be right for a 65 year old retiree. A GOOD advisor will recommend the right investment for each individual, not one size fits all...
I don't live in the the United Kingdom but I can help you.
I invest my own money in the same companies as my customers.
I am a Portfolio Manager with over a decade of experience in the Stock Markets.
i DO!!
Yes, they would if your circumstances were exact to the advisers.
A GOOD financial adviser recommends products based on YOUR income / expenditure / savings / your circumstances, and what exactly you are looking to do..pension, savings etc etc...
Doubtful, I think you may be misssing the point. An advisor gives an opinion and you pay for it, so his eforts really depend on the size of his mortgage. Good deals he will take up himself and wont tell you until he had no need for it or he can financially gain. Prove me wrong.
The Motley Fool discussion boards are usually quite independant and a good source of advice.
I have been advised by Alan Steel for some years and I know he definitely 'puts his money where his mouth is'. Check him out on the web.
More Related Questions & Answers...