How do I get good advice?

leftieM

I've been to a financial advisor hoping to get some advice on investing £10 - £15K. The guy talked about ISAs but never got back to me to set them up (I think we were small fry to him).
How do I find out about investments? I don't mind some risk but I would like guidance before I put my money into some investment vehicle. Also what sort of fees do FAs charge generally? How do I find a good advisor?

schiff

leftie

With all due respect - bearing in mind your post count - I'm amazed that you've not looked round for the readily available info on this very topic!
There's hundredweights of it on here!

Just look for 'pure money' and any subject relating to investing a sum of money.

al_yrpal

If its funds you want, why not do your own thing. A book called 'Fundology' will help. Although its written recently by a current fund manager its very informative and should guide you to make a sensible investment in line with your chosen degree of risk.

cheerfulcat

Hi, leftie,

Some books -
Be your own Financial Advisor
Motley Fool UK Investment Guide
First Steps in Shares
Winning with Shares
Where Are the Customers' Yachts?
Which? Way to Save and Invest
The Intelligent Investor
One up on Wall Street

Some websites

The Motley Fool
Incademy
AITC
Trustnet
Morningstar
iii

If you still want an IFA I can recommend a Belfast based one ( I don't use an IFA but this one is reasonably honest and well-meaning; he has advised me in the past ) though I suspect that you are right in thinking that the sum involved is too small to interest an IFA.

HTH

Cheerfulcat

dunstonh

A salesforce or employed IFA will probably not be interested. Even on full commission, a salesforce IFA would probably earn £90 out of it. A small independent could earn £300-£450 out of it so they wouldnt mind doing it.

You could get some NMA IFAs interested as it still provides a small but worthwhile trail to an NMA.

If fee based and with an accountant say, you would look at around £2500 for the advice. If fee based and with a small independent, you would look around £250-£500 for the advice. If commission based, you are looking at £300-450. If NMA basis, you are looking at £100-£150.