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  • FIRST POST
    • aajax42
    • By aajax42 18th Oct 16, 6:23 PM
    • 34Posts
    • 4Thanks
    aajax42
    Flying Colours Investments.
    • #1
    • 18th Oct 16, 6:23 PM
    Flying Colours Investments. 18th Oct 16 at 6:23 PM
    Has anyone heard of this group of IFA's?
    Looks interesting but they only have very recent reviews that I can find.
Page 1
    • aajax42
    • By aajax42 18th Oct 16, 6:33 PM
    • 34 Posts
    • 4 Thanks
    aajax42
    • #2
    • 18th Oct 16, 6:33 PM
    • #2
    • 18th Oct 16, 6:33 PM
    I have discovered they only launched in March 2016. Too early to jump on board me thinks.
    • dunstonh
    • By dunstonh 18th Oct 16, 6:46 PM
    • 85,129 Posts
    • 50,147 Thanks
    dunstonh
    • #3
    • 18th Oct 16, 6:46 PM
    • #3
    • 18th Oct 16, 6:46 PM
    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.
    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.
    • bigfreddiel
    • By bigfreddiel 18th Oct 16, 7:52 PM
    • 4,071 Posts
    • 1,866 Thanks
    bigfreddiel
    • #4
    • 18th Oct 16, 7:52 PM
    • #4
    • 18th Oct 16, 7:52 PM
    Has anyone heard of this group of IFA's?
    Looks interesting but they only have very recent reviews that I can find.
    Originally posted by aajax42
    Well to advertise as an IFA they must have qualifications equivalent to degree level. So as far as expertise goes they are probably bang on.

    If you're happy with their fees go for it.

    If it all goes belly up they will have insurance and you can claim for any perceived losses.

    But thee again you get good and bad in any profession the choice is yours

    By far the best way to choose an IFA is to know what you want. Speak with your friends and see who they use and how they get on and go from there.

    Good luck fj
    • DrSyn
    • By DrSyn 18th Oct 16, 10:56 PM
    • 423 Posts
    • 192 Thanks
    DrSyn
    • #5
    • 18th Oct 16, 10:56 PM
    • #5
    • 18th Oct 16, 10:56 PM
    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
    • By aajax42 20th Oct 16, 8:08 PM
    • 34 Posts
    • 4 Thanks
    aajax42
    • #6
    • 20th Oct 16, 8:08 PM
    • #6
    • 20th Oct 16, 8:08 PM
    Why is everything so complicated? But a big thank you to DrSyn for the research.
    • DrSyn
    • By DrSyn 20th Oct 16, 9:48 PM
    • 423 Posts
    • 192 Thanks
    DrSyn
    • #7
    • 20th Oct 16, 9:48 PM
    • #7
    • 20th Oct 16, 9:48 PM
    Why is everything so complicated? But a big thank you to DrSyn for the research.
    Originally posted by aajax42

    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.
    Last edited by DrSyn; 20-10-2016 at 9:54 PM.
    • grey gym sock
    • By grey gym sock 20th Oct 16, 10:10 PM
    • 3,834 Posts
    • 3,233 Thanks
    grey gym sock
    • #8
    • 20th Oct 16, 10:10 PM
    • #8
    • 20th Oct 16, 10:10 PM
    Why is everything so complicated?
    Originally posted by aajax42
    2nd law of themodynamics
    • DrSyn
    • By DrSyn 21st Oct 16, 2:49 PM
    • 423 Posts
    • 192 Thanks
    DrSyn
    • #9
    • 21st Oct 16, 2:49 PM
    • #9
    • 21st Oct 16, 2:49 PM
    2nd law of themodynamics
    Originally posted by grey gym sock
    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.
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