Montagu Asset Management

[T S Magnum]

Does anyone have experience with them?

http://www.montaguassetmanagement.com/

Met two gents for an introduction to their services this afternoon. They provide what I'm after (offshore pension and investments, small enough for personal touch, UK office) but I have no independent advice to go on.

I admit to being a novice at all this. Can anyone suggest the best 'tester' questions to ask an asset management firm? Who are the most established / best regarded offshore asset managers for expats?

Thanks

[iphonedyou]

You could start with:

'True or false: the correct spelling of 'helpline' is 'helphine'.

[NickCQ]

Or maybe - is 'Offsore' the correct spelling of 'Offshore'

[CarlosFandango11]

Or perhaps ask if they are called Montigu Asset Managment or Montagu Asset Managment?

[K12beano]

Are you in Dubai, or the UK?

If in the UK I would stick with someone covered by UK regulation, FCA (PRA if appropriate) and FSCS...... unless you can afford to take a 100% risk with your dosh.......of course.

[chip*]

They must be really well connected since they state twice that they "deal with some of the most reputable investment banks and financial institutions etc.."

(under the "Why Choose Us" section)

[T S Magnum]

I am in Baku. Non UK resident for tax purposes. They state they are FSA regulated etc. and will back this up.

The typos on the website are rather poor I agree. Seem out of character from the gents I met.

[K12beano]

T S Magnum said:

They state they are FSA regulated etc. and will back this up.

FSA - what's this? Where? Which country are they authorised in? Azerbaijan?


Going back to your OP - these are the first set of questions....

PS - the other thing you do is, whether or not they "back this up", you need to do your own DD.

Edited by K12beano on Wednesday 1st February 16:39

[ATG]

K12beano said:

Are you in Dubai, or the UK?

If in the UK I would stick with someone covered by UK regulation, FCA (PRA if appropriate) and FSCS...... unless you can afford to take a 100% risk with your dosh.......of course.

On the basis that if they aren't regulated and are trading in the UK, then the next time you arrange a visit to your advisor you'll be seeing him in Wormwood Scrubs?

The benefit of pensions is their legitimate UK tax breaks. The benefit of off-shoring is evasion of UK tax. So looking to off-shore a pension seems a bit unusual.

And one final rule of thumb. If a firm includes a posh name for no discernible reason beyond marketing, an alarm bell should ring.

[2 sMoKiN bArReLs]

"Financial Planings"

...is that what they shave off the top?


Presume English is their second language though to be fair?

[ATG]

To be very clear, the UK's FSA ceased to exist in 2013.

Surely, surely they're not claiming to be UK regulated by the FSA??

[K12beano]

ATG said:

Surely, surely they're not claiming to be UK regulated by the FSA??

EXACTLY what I was thinking. (Even criminals wouldn't be THAT thick )

[T S Magnum]

Apologies, I meant FCA earlier. I have searched the FCA register and a record for them isn't jumping out. Hmmm.

They are preparing material so let's see what that shows-up.

Thanks for the advise so far.

[T S Magnum]

2 sMoKiN bArReLs said:

"Financial Planings"

...is that what they shave off the top?


Presume English is their second language though to be fair?

The gents I met were Brits

[K12beano]

T S Magnum said:

Apologies, I meant FCA earlier. I have searched the FCA register and a record for them isn't jumping out.

Plug their individual names into the Register then, as well as the firm name.........

[2 sMoKiN bArReLs]

T S Magnum said:

2 sMoKiN bArReLs said:

"Financial Planings"

...is that what they shave off the top?


Presume English is their second language though to be fair?

The gents I met were Brits

It doesn't bode well then does it?

[T S Magnum]

Cheers Beano, their own names don't come up either.

[Behemoth]

When I was an expat I was approached by a few of these charlatans over the years. I was somewhat naive and too busy with the day job to get to the bottom of their pseudo economic waffle.

Be warned, they won't give up easily once they've got your interest. Tread with extreme caution, watch Boiler Room, Wolf of Wall Street etc to get your guard up properly.

I thankfully declined to invest & bought property instead.

[T S Magnum]

The have recommended a portfolio bond called Pims by a company called RL360:

http://www.rl360.com/row/products/pims/pims.htm

RL360 aren't in the FCA register either

[DonkeyApple]

You'll never see your money again.