Flying Colours Investments.

Most IFAs are small local firms who would have little or no internet presence. So, asking about small firms is unlikely to find many responses. This firm is also a restricted FA and not an IFA.

Looks interesting but they only have very recent reviews that I can find.

Its a nice looking website but their charges are in the ballpark of most IFAs. Although they operate a cap. Its not a full advice but a robo-advice service. Many IFAs are close to operating or running trials or similar on robo-advice offerings. Mainly aimed at smaller investors who cant afford full advice but dont want to DIY. So, expect more like this to appear in future as it is a growth area.

1.Have you read the following

https://www.citizensadvice.org.uk/debt-and-money/savings/getting-financial-advice/

2. Have you checked the company out on the fca register? Are these the people you are asking about?

https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000000kdsE2AAI


3. Have you checked with companies house. Are these the people you are asking about?

https://beta.companieshouse.gov.uk/company/09075635

4. Did you run a a google search to see what turns up good or bad. For example, flying colours wealth complaints produced this

https://www.moneymarketing.co.uk/advisers-slam-new-advice-firm-over-low-cost-claims/

Of course I do not know if any of the above are about the company you are asking about, it is up to you to determine. However, check out as much as you can before handing over any money, not after!

Always do basic checks first!

aajax42 wrote: »

Why is everything so complicated? But a big thank you to DrSyn for the research.

If you mean investing, a cynic might say
1.To discourage people from doing it themselves.
2.With active funds, to hide all of the costs that you will be charged.


I would suggest before you do anything with money, you do your own research on the areas your interested in even if you intend to see an IFA.

With investing you can make it as simple or as complicated as you like. Its up to you.

For example take a simple portfolio

(a) Cash in bank/building society, for your emergencies.
(b) Low cost multi-asset index fund such as the Lifestrategy fund from Vanguard.


Maybe you might like to have a look at these site.

1.http://www.moneysavingexpert.com/banking/

2.http://monevator.com/highlights/
(also look in the menu)

3.http://meaningfulmoney.tv/category/investment/

4.https://www.citizensadvice.org.uk/resources-and-tools/search-navigation-tools/Search/?q=money

Hope the above will be of help to you.

grey_gym_sock wrote: »

2nd law of themodynamics

It states that as energy is transferred or transformed, more and more of it is wasted. The Second Law also states that there is a natural tendency of any isolated system to degenerate into a more disordered state.

A cynic would have to agree!

The system is in a complicated and disordered state, to confuse the customer. So that more and more of the customers money can be extracted (wasted) in hidden fees and charges.