first time investing via financial advisor

cloud_dog

feesarefare wrote: »

So who's opinion would you most LIKELY go with

Plumber a - that has only a basic plumbing certificate that he got twenty years ago

or

Plumber b - thats been doing the job for years but has the highest industry qualifications as well as spending many hours of his own time training in specialist areas of plumbing. He always works to voluntary code issued by the by the plumbers association and also has an ISO accreditation that he paid for himself

By george I think they've got it.

There are no absolutes.

In this example, as I haven't met the two plumbers or spoken to previous customers I wouldn't have a clue, and am not able to make a decision.

What I would say is that I would take steps to find out and make a decision based on my understanding of the plumbers. I would almost say based on how comfortable I am with responses, information, etc, etc.

feesarefare

cloud_dog wrote: »

By george I think they've got it.

Are you sure?

There are no absolutes.

Thats a contradiction then isnt it?

In this example, as I haven't met the two plumbers or spoken to previous customers I wouldn't have a clue, and am not able to make a decision.

Im sorry for not making it absolutley clear in my very poor example, that there would be an expectation that you would actually meet the said individuals.:o

I would almost say based on how comfortable I am with responses, information, etc, etc

Are you able to say what you would "almost say" - then I could be absolutely etc etc etc what you were <insert appropriate>

jem16

feesarefare wrote: »

So who's opinion would you most LIKELY go with

Plumber a - that has only a basic plumbing certificate that he got twenty years ago

or

Plumber b - thats been doing the job for years but has the highest industry qualifications as well as spending many hours of his own time training in specialist areas of plumbing. He always works to voluntary code issued by the by the plumbers association and also has an ISO accreditation that he paid for himself

On further investigation;

Plumber a - was recommended by several friends and family members who had been very pleased with his work. He always turned up on time when he said he would or if he had been held up at another job phoned to say he would be delayed. He listened to the problem I was having with my central heating boiler and discussed with me what he thought might be the problem and what it needed to be fixed. He delivered a quote to me the next day.

Plumber b - had found him through the Yellow Pages as I wanted more than one quote. Didn't turn up at the first appointment and when I phoned to find out why he said sorry I was delayed at another job but can come tomorrow. Turned up an hour late the next day. He went straight out to the boiler to check it over (as I had said that was the problem when I first contacted him), made some notes and said it would be the heat exchanger that was at fault. When I asked him further questions he said I didn't need to worry about it and just to leave it to him as that was his job. Gave me the impression I was just a stupid female who wouldn't have a clue about heat exchangers.Quote arrived 3 days later.

Who would I be most likely to go with?

cloud_dog

feesarefare wrote: »

Are you sure?

It appeared as though you had understood a process was involved, and with any process it is not black and white but, hey..... You can never be sure with some people.

feesarefare wrote: »

Thats a contradiction then isnt it?

Ho, ho, ho.

feesarefare wrote: »

Im sorry for not making it absolutley clear in my very poor example, that there would be an expectation that you would actually meet the said individuals.:o

Are you able to say what you would "almost say" - then I could be absolutely etc etc etc what you were <insert appropriate>

Well, if I have met them then strangely I do not seem to have a recollection of such a meeting therefore there is a gap in my awareness of the two involved.

As I've mentioned numerous of times the specifics will vary. If your tag is correct then surely you must understand the concept of coaching information out of an individual, i.e. an answer to one question may lead on to a follow-up question? Surely you would not only use a static list of questions?

You can continue to be obstructive if you wish but I am certain that deep down you do understand the difference between a process and specifics.

So, I 'm going to leave it here, I've been round this circle too many times on this thread.

cloud_dog

Jem, sometimes you just have to walk away.

Rollinghome

Quite extraordinary. This nonsense argument about plumbers is still going on and unsurprisingly the usual suspects, though a little late, have rushed to join in.

If some people feel that obtaining financial advice, whether that is genuine advice or just the more usual selling of products on commission, is similar to employing a plumber then I'm more than happy to agree to differ. I don't think this daft discussion adds much to the sum of human knowledge

The views of Cloud Dog, who apparently has never actually used an adviser, and Lokolo (who has only recently left school and not yet started work so presumably hasn't used an adviser either) are entirely valid.

Obviously I'm mortified that Cloud Dog feels the need to tell me that I have been added to that special "ignore list" of his, and young master Lokolo should judge my comment as immature. I've obviously upset Cloud Dog, for which I'm sorry, but expect that being on his list of people who have upset him is something I'll come to terms with.

So having learned that some people think getting financial advice is like getting a plumber in, perhaps the discussion can revert to the original theme.

cloud_dog

Ok, I admit it, I stupidly clicked the 'Show Post' button - Duh.

anyhow, just for reference whilst I haven't used an IFA I was in the industry, many years ago when the regulatory body was LAUTRO so I have some understanding.

You are correct in one thing.......... Its not the same. Its all about a process not the specifics which you appear to unable / unwilling to acknowledge.

I am disappointed with your response Rollinghome to jen16, it was completely unwarranted and surprising as you tend to be quite helpful in your other posts but, each to their own.

Must go I have a new mantra to learn....

<I will not press the button> <I will not press the button>
<I will not press the button> <I will not press the button>

Rollinghome

cloud_dog wrote: »

Ok, I admit it, I stupidly clicked the 'Show Post' button - Duh.

Quite so. There's no point threatening people who upset you that you'll put them on your little list if you peek.

Being "in the industry once" without saying whether you were the MD or employed for a couple of weeks making tea in a call-centre is a little vague. Readers will be enclined to suspect the latter.

cloud_dog wrote: »

and surprising as you tend to be quite helpful in your other posts but, each to their own.

I try to be less helpful to factuous plonkers who can't resist an argument about generic pronouns. Otherwise it encourages them.

feesarefare

Rollinghome wrote: »

So having learned that some people think getting financial advice is like getting a plumber in, perhaps the discussion can revert to the original theme.

Probably best - as so often happens here though is that the OP left the thread early on with some fairly important questions unanswered.

It would appear that thread is now going nowhere, however from a personal point view I have found the concept that people will go out of their way to avoid recognising higher levels of education and professionalism quite bizarre. Ive met some pretty awful advisers over the years but not one that cant tell the time.

jem16

Rollinghome wrote: »

factuous plonkers who can't resist an argument about [STRIKE]generic[/STRIKE] pronouns.

I wouldn't have used those words but I quite agree with your observation of yourself.

Rollinghome wrote: »

You may learn about pronouns in your next class. Good girl.