The Secret Investor: London v the North, the problem isn’t capital, it’s fees

The Secret Investor has a thing or two to say about the differences between London and the rest of the country

Hello Rainmakers,

The Secret Investor is back, with a few choice insights into the differences between the investor and advisory ecosystem in London and the North (and Midlands).

The beauty of being an anonymous commentator is he (and that’s the only clue you’ll get to his identity) is saying some of the usually unsayable.

Does the North effectively have its own currency? Which will be the latest London investor to give the North a try before quitting with their tale between their legs?

Let us know what you think, either on here, or on our Rainmakers LinkedIn page.

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So we’re back! Hoping everyone had a good Christmas and New Year and returned to the deal scene ready for action…

THE SECRET INVESTOR

I wouldn’t say that’s quite how it’s felt for me. But… it does feel more positive than the second half of 2024, so that’s something. If I was to sum up the mood music I’m hearing right now, I would say that it is ABSOLUTELY NOT… “that there’s a huge backlog of top quality deals that advisers have held back to January.”

BUT IT COULD BE… “with so many deals on hold for the second half of 2024 advisers have now picked the pens back up and we will likely see a few things spring into action in a month or two’s time”.

This month I wanted to discuss one of my favourite topics / rants. The London vs Regional deals market. There’s a lot of “cause vs effect” at play here, akin to the men’s v women’s football industry debate. ie. how do you know if it’s any good if it’s never been invested in or nurtured? It’s not enough to sit there and say “xyz region is 10% the size of London, it’s not worth bothering with”.