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Broker Talkback

In future, will you be more cautious on advising clients into funds investing in illiquid assets?

Yes 63%
No 37%

Yes “Given the way the markets are, the industry and my investment viewpoint is likely to be more cautious driven by recent events.”

Neil Stewart, Stewart Independent Financial Advice

Yes “We tend to be cautious with all our advice so we would not recommend those funds unless someone specifically asked for one.”

Steve Allwright, Garner & Son Life & Pensions

Yes “We have always have been careful and have never advised our clients to invest where there could be illiquidity. We may have missed out in the past as a result but it is better to be more risk-averse.”

Nick Fletcher, MGP Investment

Yes “We always have been cautious. Other than property, it is not clear to me what an illiquid asset is.”

Trevor Allum, Roc Consultants

Yes “At the moment, I am not recommending any funds. I would not advise clients to put new money into funds until the market gets back to some normality because what is the point if they are losing 20 to 30 per cent? You are better off keeping your money in a tin box.”

Laurence Halter, Compton Financial Services

No “We are very cautious already so we will continue to be as cautious as we have been.”

Glyn Williams, Mac Financial

No “We will not be changing what we are doing because we are already very cautious. I am a simple chap and like straightforward products so I am already avoiding illiquid assets.”

Simon Webster, Facts & Figures

No “We have have always been wary of illiquid assets. Thankfully, not a penny of our clients’ money has gone into cru.”

Jeremy Davis, 35 Finance


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