17.5 Investment Scenario 5 - Redress Manager 2023

Redress Manager 2023
Investment Scenario 5

Incorrect Investment Profile

The complainant was placed in the wrong risk profile and there was no diversification of his investments. Instead of a single investment, the complainant believes that he would have been better with a spread of the investment in a low risk profile.

Complainant’s actual portfolio:

Initial investment	£6000
Date of investment	12^th June 2004
Calculation date	19^th August 2009
Settlement date	19^th August 2011
All Shares (returns)	£6,407.04 on 19^th August 2009

Complainant’s preferred investment spread
Indices	£2,000
Shares (Aegis)	£2,000
Savings	£2,000

Please note: In this scenario, the single investments of £2000.00 will be entered into the system as separate calculations. This is to calculate accurately the return on each investment. The actual investment return is known and does not need to be calculated. A final calculation is added to compare the sum of the notional investments with the actual investment.