Mis-Sold Open Ended Investment Companies

Over the past 10 years Open Ended Investment Companies (OIECs) have become very popular due to the choice and flexibility that they offer. OEICs enable money to be pooled together by individual investors when they have smaller amounts for investing. That allows them to obtain assets in a much broader range of areas, to reduce the risk that is involved through creating diversification

However, Open Ended Investment Companies still can be very risky and frequently were mis-sold. When an advisor recommends an OIEC investment they need to make sure that the potential investor is made aware of all of the risks that are involved, in addition to ensuring that the assets are select to match the person attitude that the individual has towards risk. Were you mis-sold on an Open Ended Investment Company.

It is important that OEIC investments be viewed as investments that should be held for five years at least due to the risk associated with them. Unfortunately, the volatility that the work markets have been affected by over the past twenty years has resulted in numerous investors losing a high percent of their money on the products – and if external factors like those were not take into account by your adviser , then you might have been mis-sold on an Open Ended Investment Company.

Mis-selling of an Open Ended Investment Company also occurs whenever the investor is not informed of additional charges that might accrue. For example, OEICs incur both ongoing management charges and initial fees which can have a significant impact on a fund’s performance, and may be as much as 6% of the investment’s initial value.

If you unfairly lost money due to mis-selling of an Open Ended Investment Company, you may be entitled to filing a claim. Don’t worry if the investment already ended: your claim might be valid still.

Making a claim on a mis-sold Open Ended Investment Company

Carefully consider these point to determine whether you have a claim or not:

  • Were your financial and personal circumstances considered properly when you made your agreement?
  • Did the capital decrease unexpectedly?
  • Were you advised to place of of your savings into an OEIC?
  • Were any provisions made for future difficulties?

We here at Goldman Knightley understand precisely how these Open Ended Investment Companies were mis-sold over time, and let you know over the phone where you are a victim of mis-selling. We can help you get back your money if you are eligible for making a claim.