Why the UK’s biggest fund supermarket stayed so loyal to Woodford

Why the UK’s biggest fund supermarket stayed so loyal to Woodford

Funds advisory business in UK is hopelessly broken. Decades behind the US.

Woodford’s career has thrown up more red flags than Amity Island on shark feasting day. They were ignored.

And for those of you not familiar, Woodford was considered the Warren Buffett of the UK. Yes that’s right.

Not only was Hargreaves deeply embedded with Woodford but so was largest UK wealth manager St James (from whom I’d initially heard of Woodford).

#riskandcompliance #wealthmanager #investing #riskgovernance #woodford #funds

https://on.ft.com/2FWgghx via @FT