ima/sma's help

  1. 1,195 Posts.
    We have money in shares(self managed) and an amount in a managed fund
    After learning that financial planners(can't call them advisors)are a dead loss we have gradually whittled down the money in managed funds
    The 4 funds the money is in at the moment are doing ok for managed funds(up 17% last 4 months) but by the time the fund manager(navigator) and our planner get their cut they get as much as we do
    We would like to take the rest of the money out and put it into shares but as we hold stock in 15 companies at this time and they are doing very well thank you we feel that is enough stocks to manage
    Shares mag talk about IMA/SMA accounts
    Does anyone have experience with them,are they any good
    Will appreciate any replies
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