{"id":19529,"date":"2019-07-11T10:47:40","date_gmt":"2019-07-11T10:47:40","guid":{"rendered":"https:\/\/smh.group\/?p=19529"},"modified":"2023-02-15T13:39:21","modified_gmt":"2023-02-15T13:39:21","slug":"when-it-comes-to-funds-the-best-advice-is-personal","status":"publish","type":"post","link":"https:\/\/devstagesite.co.uk\/smhgroup\/when-it-comes-to-funds-the-best-advice-is-personal\/","title":{"rendered":"When it comes to funds, the best advice is personal"},"content":{"rendered":"\n<p><strong>The recent problems with the suspension\nof dealings in a heavily promoted UK equity income fund have exposed the\nblurred line between advice and guidance. <\/strong><\/p>\n\n\n\n<p>According to the Investment Association\n(IA), there are around 3,500 funds on sale in the UK. The IA sorts these into\nover 30 individual investment sectors, although about 10% are listed as being\nin the unclassified sector. Faced with such a large choice, understandably many\nprivate investors want some help in making their fund selections. The assistance\nthey receive has come under the spotlight following the recent suspension of\ntrading in the Woodford Equity Income Fund (WEIF). <\/p>\n\n\n\n<p>WEIF\u2019s manager, Neil Woodford, established\na strong track record with Invesco Perpetual before leaving the group in 2014\nto set up his own fund management business. Unsurprisingly, a large amount of\nmoney followed him to his new company. He was helped by a common feature of\ntoday\u2019s fund marketplace: favoured fund lists. These typically consist of 50 \u2013100\nfunds, spread across those 30+ IA sectors, chosen by firms whose main business\nis marketing funds to the public. The criteria for selection are not always\nspecified, but there is often a heavy reliance on past performance. However,\nthere is one aspect that is clear: if you pick a fund from the list, then it is\nyou who are making the choice. <\/p>\n\n\n\n<p>Favoured fund lists do not constitute <strong><span style=\"text-decoration: underline;\"><a href=\"https:\/\/devstagesite.co.uk\/smhgroup\/financial-services\/personal-financial-solutions\/\">personal financial advice<\/a><\/span><\/strong>, even if may investors think that is what they are receiving. At best they are a form of general guidance, attempting to sort some of the wheat from a large volume of chaff. A select list only supplies the selector\u2019s opinion at the time. It does not offer you a recommendation based on your personal circumstances, including consideration of the other investments you hold, whether held directly or indirectly, e.g. via pensions. Nor does the provider of the list offer any ongoing support, an important factor in current market conditions.<\/p>\n\n\n\n<p>There is a role for recommended fund lists, but there is no substitute for personal, regularly reviewed advice on your <strong><span style=\"text-decoration: underline;\"><a href=\"https:\/\/devstagesite.co.uk\/smhgroup\/financial-services\/investment-options\/\">investments<\/a><\/span><\/strong>. <\/p>\n\n\n\n<p>Contact one of our <strong><span style=\"text-decoration: underline;\"><a href=\"https:\/\/devstagesite.co.uk\/smhgroup\/financial-services\/\">Chartered Financial Planners<\/a><\/span><\/strong> on <strong>0114 266 4432<\/strong> or <strong><span style=\"text-decoration: underline;\"><a href=\"mailto:info@smhca.co.uk\">info@smhca.co.uk<\/a><\/span><\/strong> to discuss your investment strategies in more detail.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><em>The value of your investment can go down\nas well as up and you may not get back the full amount you invested. Past\nperformance is not a reliable indicator of future performance. Investing in\nshares should be regarded as a long-term investment and should fit in with your\noverall attitude to risk and financial circumstances.&nbsp;&nbsp; <\/em><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>The recent problems with the suspension of dealings in a heavily promoted UK equity income fund have exposed the blurred line between advice and guidance. <\/p>\n","protected":false},"author":4,"featured_media":17277,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[16],"tags":[98,77,97,309,308],"class_list":["post-19529","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-services","tag-financial-advice","tag-financial-planning","tag-investments","tag-personal-financial-advice","tag-private-investment"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - 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