Joseph Nelson Investment Management Ltd., Chester?

According to

thier HO is in Northwich.

Turns out they changed their name twice (1997, 2005).

They are now called: CLOSE WEALTH MANAGEMENT LIMITED NELSON HOUSE GADBROOK BUSINESS PARK GADBROOK ROAD NORTHWICH CHESHIRE CW9 7TN

Thanks.

According to the register on the FSA website, they are no longer authorised as of 29 June 2009.

Interesting.

Nelson in 1987 lost about 50%, basically £42k became £22k, then moved to more conservative investments. So I always wondered how they did in

2008.

Nelson's approach was logical albeit a little childish in names - they had a 3 box solution, Box-1 being cash, Box-2 being income, Box-3 being stocks which was either growth defensive or aggressive. The problem is they were poor advisers at the customer level - in terms of making people understand a) stock outperformance can result in crashes and b) stocks must be added to continually over a long time horizon rather than "created then walked away from". If you can only "create" a stock holding you must have discipline and building it half, then phase the rest in over 7-10yrs. The net result is people tended to draw down the Cash & Income "boxes", relying on the stock one to "make the withdrawals back" or worse spend in anticipation of them making the losses back. Then, of course, when a blowup happened people sold at the bottom and moved back to Cash & Income as they could not afford to lose any more.

Hence the typical 1987 result of 50% loss through less than ideal stock selection (that was Defensive so no idea what Aggressive would have been like), being an actual 50% loss at the portfolio level.

A lot of financial advice is best given AFTER you have seen their credit-card, loan, current account situation :-) Indeed it is perhaps best to start coming through the latter before you see a figure and drawing up asset-allocation ideals.

Will contact them (whatever they are) shortly just in case they have

1985-1990 statements. I doubt very much, but you never know - sometimes they exist in an archive or document scanned in.

Hi, Just going through my deceased fathers things and have come across 2 certificates for investments totalling almost 20,000. Anyone know where I would start to see where this may be???