What our clients say

David advised me on consolidating my defined benefit and defined contribution pensions into one fund. It was a very complicated technical exercise which David guided me through with the utmost professionalism and integrity. He dealt with all the parties and kept me informed along the way including explaining deeply technical issues in a straightforward, understandable manner. I have no hesitation in recommending David.

Mark H

David manages my investments in a pension fund which is not my area of expertise, it's extremely reassuring to have found a financial advisor I can trust implicitly. I find David extremely approachable, knowledgeable and completely up to date with all the complexities that surround pensions and investments. As he says, 'no question is a stupid question', I feel completely at ease to ask him anything or express any concerns I might have. I always come away from my annual review feeling informed and reassured that my investments are in the best possible hands. David's office is a welcome beacon, relaxing and he makes a great cup of coffee!

Janey G

David has managed our financial affairs and investments for many years and we could not have chosen a better independent financial advisor. He is always available to answer our questions or give advice and we come away from our annual meeting knowing our investments are in safe hands. We cannot recommend Ferry Financial highly enough.

Mick M

David has been our financial advisor for 15 years and we have always been very pleased with his handling of our finances. He is always at the other end of the phone when we need him. I have no hesitation in recommending Ferry Financial.

Denise M

David has managed my investments for a number of years. The advice given by David is always clear, concise and understandable. He has a in-depth knowledge around the complexities of pension management and is happy to spend time talking through different scenarios. David is always available to answer any questions I may have and I come away from our discussions with a clear understanding of my options moving forward. As well as his technical expertise David is just a nice person to do business with and that makes a big difference in my book. I would be certainly be happy to recommend David to any of my friends or colleagues.

Kevin L

David helped us to consolidate our various pensions into SIPPs so we now have a greater understanding of how much we have in our retirement funds. David offers a first class service – he is always readily available to talk and deals with our requirements promptly and efficiency. It is very refreshing to have a personal service which is sadly lacking in the current culture of call centres. We have known David for over 12 years and we highly recommend him as a trusted Advisor.

Brendan and Jayne B

You get what you don’t pay for

Date Published:16/11/2016
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Recently, I heard a very interesting interview on Radio 4’s Money Box Live.

In 1975 John Bogle founded Vanguard, a fund management company. He gave his first UK broadcast interview to Louise Cooper.

John Bogle is credited with revolutionising the investment sector, driving down costs and boosting returns to savers.

He created the first passive fund which invests in all shares in a stock market index, thereby not needing to pay fund managers to actively decide which shares to buy and sell.

Also on the programme:

– Saker Nusseibeh from Hermes Investment Management

– Andrew Clare, Deputy Dean and Chair of Asset Management of Cass Business School

– Ben Johnson. Director of Global Exchange-Traded Funds research for the independent investment research provider Morningstar.

Presenter: Louise Cooper

Producer: Paul Waters

In our opinion, there are a number of important points raised such as;

Lowest cost equals highest return
Most people who market themselves as having skills, don’t have skills
Skill is incredibly rare
The most efficient way of getting market movement is to buy an index fund
Index funds have low expense ratios and low transaction costs – close to zero
Active funds cost close to 2% annually
Compounded over an investment lifetime, this means that the active investor will receive only 30% of the returns received by an index fund investor
The correct time to hold a share you believe in is for-ever – even if you’re an active manager. Instead, many buy and sell shares as the market goes up and down – trying to make money through turnover and market timing
In 1949, John Bogle found that very few active fund managers actually do better than the market. This is still the case. Over substantially long periods of time, less than 5% of active managers add value through their skill and the ability of investors to identify these managers ahead of their beneficial performance is even slimmer

Please click on the link below to listen to the rare interview with John Bogle