APCIMS statistics boost case for professional advice

APCIMS today released the ninth annual survey of private client investment, which paints a mixed picture of returns being improved by following professional advice, but continued pressures on margins of APCIMS members due to current market conditions. The survey, compiled by ComPeer using data from 87 APCIMS firms, the London Stock Exchange and settlement system operator Crest showed that investors relying on APCIMS members lost 6% of the value of their portfolio during 2000, but this compared favourably to the 10% decline in the value of the benchmark FTSE-100 index during the same tim...