Most financial advisers provide an advisory investment service, when an investment or pension is set up the advisor will recommend which funds and in what proportions your investment or pension should be allocated to. This allocation will not change until you receive a financial review in the future. Because life takes over, investors and their advisers often do not review their portfolios frequently enough and it can years between any meaningful review.
At City House Investors we provide a discretionary investment management service where you delegate the fund selection and asset allocation decisions to Simon Dixon, your portfolio manager. Simon and the team review and adjust the funds within your portfolio every three months so that you dont have to, and you know that your portfolio is being looked after properly all the time.
Yes your investments will stay on the AJ Bell Investcentre wrap platform, what will change is that your account will be within the City House Investors AJ Bell Investcentre Agency so that we can manage your investments on your behalf. You can still view your account via the AJ Bell Investcentre web site if you wish.
City House Investors charge 0.5% + vat per year of the value of your investments. This charge is divided by 12 then deducted from your Aegon Wrap monthly, that’s it. We do not charge anything to add or withdraw funds from your investment.
You will continue to pay the Aegon wrapper charges and the ongoing fund manager charges.