St James Place - Inheritance

[Lapirogue]

Can anyone please advise me? My sister and I inherited a share of a St James Place investment from our late Uncle. Are we able to find out about charges relating to the investment being withdrawn? We are taking the cash. The SJP adviser unsurprisingly tried hard to talk us out of withdrawing and not reinvesting. Just fancied a heads up before we contact him.

As I understand it there should be no penalty to cash in though that might depend on how long the deceased was with SJP.

SJP have a deserved reputation for being costly.

My Adviser is in the process of untying from them. I kicked over about a 5% fee to invest and apparently I was not alone....

There is usually a withdrawal fee for the first few years of an investment (at least that was the case for me, sthg like 5 years). Once that's over you should be able to withdraw.

The original investment is at least 20 years old. My father informs us that it was proceeds of a house sale around then.

Maybe I'm being very stupid, but isn't thr account being closed as part of the Will process etc and you get the cash after it's closed rather than actively "withdrawing" the funds.