Things clients say #1

Five years ago, I went to see a client who had retired with a lump sum of £500,000 to invest. At that time, he decided to invest £250,000 into a commercial property (with a further loan of £200,000). The balance, some £250,000, he invested into one of our low cost, asset allocated portfolios. At the time, he queried the fees, and I told him that we would charge 2% to invest his money. "That's extortionate!" he said and we spent almost an hour explaining the reason why there was a 2% charge (which we all know is at the lower end anyway!). I asked him "how much is it costing to buy t...