Fund allocations need not be from a panel

07 June 2019

Although it is usually good to see media coverage of fund management and managers, this has not been the case in the last week or so with the current position of Woodford Investment Management. The full extent of this story may take some time to unravel.

Some of the larger advisory firms have been investing significant funds with the company from their fund panels, and this selection process is also now in the negative spotlight. The issue is we believe that making fund choices can, and should, be bespoke, and we are pleased to note that our clients' exposure to any of the positions above is extremely low.

You may be aware that bespoking or individualising most things is not as difficult as it once was. Indeed, many now see it as a part of their basic requirement when purchasing products and services. You only need to look at our roads and the cars on them to see the plethora of choice available both in terms of the car model and the specification you can choose. Each option obviously has a cost; however, we are all different and each of us has our own preferences.

Choice in the investment market is significant in terms of funds, geographical and specific fund areas, and also providers, each with their own views on achieving growth, income or a combination of both. We like diversity and aim to maintain this objective within the parameters of clients' requirements. There are those who prefer a DIY approach to their money planning, those who buy the 'supermarket special' and, as you may anticipate, those who prefer something tailored specifically for them.

Each to their own of course; however, there is something special about having a product or service designed and made for you and most would agree that their money is something special. This is one of the reasons we remain independent, rather than an agent of a provider or a restricted adviser. We want to be different and we hope that our approach keeps you engaged, with various sections on specific financial topics on our website.

In the same way, the team at Chapters Financial treats each client as an individual and be assured that we do not have an off-the-shelf model that suits all. We do not believe that good money planning ever can. Our objectives are to listen to you the client, understand your requirements and to confirm back to you the needs we have identified together and the ways we can help you achieve your financial objectives. We know that our service will not be appropriate for everyone, although in a way that is confirmation of our made-to-measure approach, rather than the model approach used widely by some others.

Next time you purchase something special and you hand over your cash or card to pay, think about the last time you gave your money some special attention. We look forward to hearing from you when you're ready to review your investment allocations, whether in a pension, investment, ISA or other holding.

Keith Churchouse FPFS


CFP Chartered FCSI

Chartered Financial Planner

Chapters Financial Limited is authorised and regulated by the Financial Conduct Authority, number 402899.

No individual advice is provided during the course of this blog.