Investor Views: "I've Put My Grandson's Cash in Biotech"

Private investor Anita Dalton tells Morningstar why she fired her husband’s financial advisers - and took over the management of his SIPP and her grandsons' ISAs

Emma Simon 13 January, 2016 | 3:11PM

Anita Dalton does not pay much attention to financial advisers. “I’ve found they can be very risk adverse and, given my age, always say I should be taking less risk with my money,” she said. But Dalton has no intention of following this advice at present.

“I might be in my late 60s, but if I don’t take risks with our money now we won’t be able to afford to retire.”

Anita started to manage her husband’s SIPP, the couple’s main investment portfolio, in 2009 after they became fed up with its lacklustre performance.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
AXA Framlington Biotech R Acc234.53 GBP-1.08
LF Woodford Equity Income A Sterling Acc12.38 GBP-0.08
Pictet-Biotech PUSD877.35 USD-2.77

About Author

Emma Simon

Emma Simon  is a financial journalist, specialising in investment and consumer issues, writing for Morningstar.co.uk

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