Talking Money: Lee Gardhouse - Do best buy lists of funds really add any value?

Lee Gardhouse is the Chief Investment Office of Hargreaves Lansdown, the UK’s largest stock and fund broking firm, which boasts 950,000 active clients and administers or manages £79 billion of client money on its platform. His responsibilities include researching the firm’s influential Wealth 150 list of favourite funds and managing its range of in-house multi-manager funds. In the latest Money Makers podcast, he and Jonathan Davis discuss the way that HL chooses funds - a highly topical issue in the wake of the regulator’s forthcoming review of how investment platforms research, rate and charge for the funds they put on their best buy lists, Lee also explains whyHargreaves Lansdown recently published its own assessment of how well its Wealth 150 selections have performed - and candidly assesses both tis strengths and weaknesses of its methods.