Not our money but we are two thirds of the trustees. Portfolio worth £500,000, £190,000 of which in bonds. Investment managers are changing the charging structure and it will mean about £7000 a year in charges. A huge proportion of the income generated, and a massive increase over the current £2000approx.
How can we reduce the charges? I accept we are totally unqualified to manage the equities but can we manage the bonds side ourselves to reduce the portfolio and thus the charges?
Is £7000 a fair deal? The same investment managers have dealt with the funds since the start of the Trust, so I don't have a lot of experience.
Any advice gratefully appreciated. This has taken me a bit by surprise. Although I have tried to educate myself financially (even doing OU courses)since becoming a trustee, I don't feel I have the wherewithal to manage this one myself.
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Investment management charges, what can we do ourselves?
7 replies
springlamb · 18/12/2012 20:39
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