Choose anyone else

I invested with st james place SJP which has changed names to Eight wealth but is essentially the same company Probably hiding from their poor performance So see my review below I don t know where to begin exactly but my advice is to simply invest in the benchmarks they compare themselves to You ll earn more money They cannot outperform these markets and with their enormous fees they significantly underperform This is in spite of what they may show you when promoting their funds I have been with them since 2019 but my money doesn t become mine until after five years If I want to withdraw it early I pay penalties for doing so Since my last deposit was made in 2022 my five-year period seems to start from then which means I m penalized even more for continuing to invest Currently my money is worth 9 less than if I had simply kept it under my bed Therefore it may be better to just accept the penalties now rather than lose more through their investment strategies I once requested a fund swap anticipating issues but it took them several weeks to complete the swap In my opinion this solidified the losses I believe I foresaw Unfortunately I can t be certain because the only information they provide is an end-of-year statement filled with colorful pie charts and no actual data I also requested to stop payments twice The first time they said I still had to pay the next month s deposit because it was too late to cancel It was still over a week before my money was to be taken Personally I think my broker simply forgot to submit my stop payment request The second and final time they were able to stop the payment immediately In conclusion my advice is not to invest with them Experiencing a loss is a risk you accept when investing My issue with SJP is that you give them your money but it doesn t become yours again until five years later Nothing is done at SJP with an acceptable level of speed