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Broker Talkback

Are you happy to recommend a fund with a 1.75 per cent or more AMC if the performance stacks up?

Yes 63%
No 37%

Yes “Charges are really irrelevant as it is all about performance. If you pay peanuts, you get monkeys. I would possibly look to get out a bit quicker if performance showed a downturn.”

Greg Pogonowski, Ample Financial Services


“Definitely. Charges are irrelevant if the performance is good. It is all relative.”

Peter Pickup, Peter Pickup Independent Financial Adviser


“Cheapest is not always best although we would always compare performance with what is on offer at a lower charge.”

James Doherty, James Doherty Financial Services


“Charges are not offputting. If a fund is delivering a 2 or 3 per cent better performance, then it is worth paying an extra few basis points to get that. If you have a group that is doing the business on a regular basis, it is fine, as long as you explain it to the customer and they are clear about what they are paying for.”

Bryan Rose, IFA


“You have got to take the AMC into account but if it stacks up, the likelihood is that you will make money. However, I would be quicker to switch if it does not perform.”

Richard Llewellyn, The Independent Financial Advice Partnership


“The only possibility I would look into would be if it had top performance over a consistently long period of time. Otherwise the extra charge is hard to justify.”

Stuart Hopkins, Cameron Investment and Financial Services


“It is not a competitive charge. Performance could be good today but maybe not tomorrow.”

David Kirkpatrick, David Kirkpatrick Associates


“It is too high and I am not sure many other advisers would go for it as you can better deals.”

Phil Marshall, Mansfield Associates


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