investyourway

Author
Discussion

Hoofy

Original Poster:

76,253 posts

281 months

Wednesday 4th March 2015
quotequote all
What do you lot think of this? http://www.investyourway.com/

Edit: hold on, £2500 minimum investment. Not sure I trust them.

Edited by Hoofy on Wednesday 4th March 13:12

lm1985

216 posts

227 months

Wednesday 4th March 2015
quotequote all
DFM. Unclear charges, questionable value.

walm

10,609 posts

201 months

Wednesday 4th March 2015
quotequote all
lm1985 said:
DFM. Unclear charges, questionable value.
Dance-floor Makeout?

Simpo Two

85,151 posts

264 months

Wednesday 4th March 2015
quotequote all
Most interestingly the chap who runs the company and who earlier posted a reply (because he has a Google Alert set up) defending the business - has decided to delete his reply and bug out.

Hoofy

Original Poster:

76,253 posts

281 months

Wednesday 4th March 2015
quotequote all
Damn. What did he write?

Simpo Two

85,151 posts

264 months

Wednesday 4th March 2015
quotequote all
Hoofy said:
Damn. What did he write?
He said something to the effect he'd be happy to answer your questions if you'd like to contact him.

As for why he decided to withdraw the offer... well, perhaps he'd like to come back and tell us that.

Hoofy

Original Poster:

76,253 posts

281 months

Wednesday 4th March 2015
quotequote all
Oh right. Shame he left.

Simpo Two

85,151 posts

264 months

Wednesday 4th March 2015
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KeithIYW

3 posts

108 months

Thursday 5th March 2015
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I do not run the company but work in client support. My post was deleted by piston heads as they said we are not allowed to talk business on the forum.

carreauchompeur

17,830 posts

203 months

Thursday 5th March 2015
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Seems legit

Simpo Two

85,151 posts

264 months

Thursday 5th March 2015
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Odd. Could the mod responsible confirm this please?

Keith's posts didn't break any rules that I know of and his reply was perfectly civil.

Edinburger

10,403 posts

167 months

Thursday 5th March 2015
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They're FCA registered and £2,500 minimnum seems sensible (base costs, etc.), and being a DFM means they have discretionary rights to change your portfolio in line with their investment approach as and when the like.

My view is that DFMs have a place for some clients, however, you're paying for the privelige. A direct investor (i.e. not through a financial adviser of any other intermediary) can often access actively managed funds, model portfolios, risk-targeted profiles, etc., much cheaper than via a DFM.

It all depends on your expectations on return, attitude to risk, and whether or not you trust the DFM/IFA/Fund Manager/etc.


essayer

9,011 posts

193 months

Thursday 5th March 2015
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I was impressed he replied to the OP straightaway! The power of search engines...

walm

10,609 posts

201 months

Thursday 5th March 2015
quotequote all
My only issue is the spread.
Since they are IG affiliated/owned they have a massive incentive to churn you (sorry "re-balance") to earn a fee for IG with the spread. And it isn't capped.

Claudia Skies

1,098 posts

115 months

Thursday 5th March 2015
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"The service rebalances funds automatically to mitigate against risk, and extends these responsive and agile controls to clients."

Yeah right. I wouldn't put my 50p within a million miles of people who write that sort of stuff.

Simpo Two

85,151 posts

264 months

Friday 6th March 2015
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lm1985 said:
Just looked at that brochure. Not one risk warning. I wonder what the FCA will say about that. Not one word about real world costs, suggesting a management fee is one thing, but let's add to that, the dealing, custody etc etc etc etc costs.
No really, it only costs 1%... look...

'Every InvestYourWay Fund remains completely configurable throughout its lifetime. In order to achieve this, InvestYourWay uses a bespoke set of Contracts For Difference (CFDs) produced by IG, which do not use leverage, have no funding charges and trade at much smaller sizes (0.01 contract). Unlike Exchange Traded Funds (ETFs), CFDs do not incur any additional management charge, which allows the service to be made available for one flat management fee of 1% (incl. VAT) per annum.'

http://www.marketwatch.com/story/investyourway-ann...

Not my department but the smell of small rodents is strong.


David-9fa4l

2 posts

103 months

Wednesday 26th August 2015
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Simpo Two said:
Not my department but the smell of small rodents is strong.
I've had an Investyourway fund for a few weeks now. To start with, all seemed well. However, in the last week, following the collapse in world markets generally, my fund is best described as a train crash. Over 5% loss in a couple of days. The daily statements they send are pretty incomprehensible.

egomeister

6,698 posts

262 months

Wednesday 26th August 2015
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David-9fa4l said:
I've had an Investyourway fund for a few weeks now. To start with, all seemed well. However, in the last week, following the collapse in world markets generally, my fund is best described as a train crash. Over 5% loss in a couple of days. The daily statements they send are pretty incomprehensible.
I'm not familiar with the investyourway product (having only seen this thread for the first time 5 min ago), but a 5% loss is in line with the FTSE over the past week. If the world markets are a train crash, and you are along for the ride why would your outcome be any different to the global one?

David-9fa4l

2 posts

103 months

Wednesday 26th August 2015
quotequote all
egomeister said:
I'm not familiar with the investyourway product (having only seen this thread for the first time 5 min ago), but a 5% loss is in line with the FTSE over the past week. If the world markets are a train crash, and you are along for the ride why would your outcome be any different to the global one?
Fair point