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help... hargreaves lansdown
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I am still wondering what exactly a "financial practitioner" is?0
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Riding it out is what I'd do. If you turn it to cash now then you've got a guaranteed loss. If you ride it out then it'll eventually rise back up in value. It might go lower first and it might take a while to come back, but historically that's what stocks have done.Happy chappy0
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Bradford and Bingley shareholders were told to 'ride it out'...IPP-Believer wrote: »its probably best to ride it out now
to oblivion..."If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks will deprive the people of all property until their children wake up homeless on the continent their fathers conquered."
-- Thomas Jefferson0 -
I am still wondering what exactly a "financial practitioner" is?
It's not an official title that has any set rules applied to it.
I'm guessing but you normally find that if the title isnt "chartered financial planner" or "independent financial adviser" then the individual is not working under the IFA remit.
Chartered financial planners are the most qualified but work under the IFA rules. There are just over 1000 of them so you wont come across them as often and they would typically deal with the very high net worth end. IFAs we know about.
Whole of market advisers who do not offer a fee option cannot use the name IFA. So, they have to use a different title, of their chosing.
The FSA has proposed that all tied and multi-tied advisers will have to stop using the "adviser" tag in their title. This is to reflect the lower standards that will be in place and that most are employed under a salesforce and its really a sales process and not an advice process. Many have already dropped the adviser tag from their sales reps.
There is another type of investment adviser. A discretionary investment manager. HL do offer that service as well so it may be the title they use for that type of person?I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
A financial practitioner is just another name for a financial adviser. Their qualifications will vary from CertPFS to CFP (Certified Financial Planner) just as anywhere elses would.I work for an IFA and can provide guidance on pensions, savings, protection and investments. What guidance I do provide should not be taken as advice. If you are in any doubt I suggest you speak to your financial advisor or, if tax related, a qualified accountant.0
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Bradford and Bingley shareholders were told to 'ride it out'...
to oblivion...
Diversify, Sir, Diversify.
Just one point if the Ftse stays at the level it is for the next 10 years it will still beat cash due to the exceptionally high dividend yields on offer. Yes some dividends may reduce but they will be back up again after the recession.'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher0 -
I just found what HL sent me. They included the words "Our financial practitioners are highly qualified ... offers completely independent advice, considering investment solutions from across the whole market. ... we have a standard tariff so you can be confident ... won't be influenced by commission."
How does that differ from an IFA? If not it seems strange they have chosen a name that does not include independent in their title, I would have thought that would be good selling point.0 -
Bradford and Bingley shareholders were told to 'ride it out'...
to oblivion...
Yes thats true.
Perhaps now would be a good time to say if all you hold is shares in one company you should think about spreading your risk.
eggs in one basket and all that.I am an Independent Financial Adviser.
Anything posted on this forum is for discussion purposes only. It should not be considered financial advice.0 -
Can you afford to lose more? If you had the money in cash, would you buy now? These are questions you need to answer. I sold last year and am glad I don't have a tracker any more. I sleep better at night! Remember financial advisers have a vested interest in selling you complex financial products.0
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... we have a standard tariff so you can be confident ... won't be influenced by commission."
Have you SEEN their standard tariff? Just make sure you're sitting down first. No wonder people opt to pay commission.
OTOH the fee is based on the portfolio value, so now might be a good time to pay for an appraisal.;)0
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