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Introducing our new portfolio review service for professionals
The vast majority of pensions funds, charities, endowments and other institutional portfolios have underperformed the market for decades. The way to stop the rot is to have an independent portfolio review, reduce fees and complexity, and increase diversification. From today, that’s precisely what TEBI is offering. As anyone who’s read The...
Introducing RockWealth — the shape of advice firms to come
I’ve been tussling with a difficult issue for a while now. Do I continue as a wholly impartial blogger, totally unconnected to any financial business? Or do I work with carefully selected businesses that share my goal of improving investor outcomes? It hasn’t...
Is closet indexing the next big financial mis-selling scandal?
Earlier this week the UK regulator, the Financial Conduct Authority, had announced that, after an investigation into so-called closet indexing, 64 funds have been found to have issued misleading marketing material. Several fund management companies have, as a consequence, been forced to pay...
The beginning of the end for closet trackers?
I’ve written many times on this blog about closet trackers. Closet index tracking is the very dubious (but sadly widescale) practice of charging active management fees for funds that essentially hug an index. Fund managers the world over have been getting away with...
#SFTW: Most of us are over-exposed to the housing market
SOMETHING FOR THE WEEKEND Housing market. It’s time to question our obsession with property We Brits have a different kind of home bias to investors elsewhere. Of course, we favour our own country’s stocks, just like most people in other parts of the...
Homes are for living, not investing, in
We Brits have a different kind of home bias to investors elsewhere. Of course, we favour our own country’s stocks, just like most people in other parts of the world. The UK accounts for about 4% of global GDP and yet it’s not...
Buffett: Performance comes, performance goes. Fees never falter
Warren Buffett’s latest letter to Berkshire Hathaway shareholders has been published and, once again, it is full of useful insights for ordinary investors. Here are some of the highlights: The US economy “America’s economic soil remains fertile.” Investing and risk “Investing...
