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    • dunstonh
    • By dunstonh 17th Nov 10, 10:29 PM
    • 81,007 Posts
    • 46,294 Thanks
    dunstonh
    • #2
    • 17th Nov 10, 10:29 PM
    • #2
    • 17th Nov 10, 10:29 PM
    Expensive compared to other options available. Typically what you expect from bank offers DIMS.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from a Financial Adviser local to you.
  • pdb939
    • #3
    • 18th Nov 10, 2:58 PM
    • #3
    • 18th Nov 10, 2:58 PM
    Thanks for that - do you have any particular suggestions on the safe investment side or do you think a buy to let house would be wiser in the long run?
    • dunstonh
    • By dunstonh 18th Nov 10, 3:20 PM
    • 81,007 Posts
    • 46,294 Thanks
    dunstonh
    • #4
    • 18th Nov 10, 3:20 PM
    • #4
    • 18th Nov 10, 3:20 PM
    do you have any particular suggestions on the safe investment side
    Cant say as we dont know your objectives, requirements, tax position (now and future), investment knowledge and experience or what you mean by "safe" (as in context).

    do you think a buy to let house would be wiser in the long run?
    Depends on your tax position, objectives, requirements, other assets, your risk profile....... and a large crystal ball.

    All we can say based on what you have posted so far is that the DIM services offered by banks is typically expensive and generally quite low quality. They also tend to go overweight in their own brand investments as well which defeats the purpose of using a DIM. You may as well use an IFA in that case and remove a layer of charges that the DIM would have.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. Different people have different needs and what is right for one person may not be for another. If you feel an area discussed may be relevant to you, then please seek advice from a Financial Adviser local to you.
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