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first time investing via financial advisor

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Comments

  • jem16
    jem16 Posts: 19,724 Forumite
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    edited 15 November 2010 at 6:16PM
    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.

    I, too, find it quite bizarre that higher levels of education and professionalism seem to get bandied about as if they go hand in hand with one another.
  • jem16
    jem16 Posts: 19,724 Forumite
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    cloud_dog wrote: »
    Jem, sometimes you just have to walk away.

    I agree. Thanks for your support.
  • Rollinghome
    Rollinghome Posts: 2,732 Forumite
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    jem16 wrote: »
    I wouldn't have used those words but I quite agree with your observation of yourself.
    I give up Jem. You're obviously the witty one in your family.
  • jem16 wrote: »
    I, too, find it quite bizarre that higher levels of education and professionalism seem to get bandied about as if they go hand in hand with one another.

    In my industry its easier to look and act professional when you have been educated to a level above o level/grade. Why wouldnt anyone want to improve their knowledge?

    If we all had your attitude then you wouldnt have a job would you.
  • jem16 wrote: »
    I agree. Thanks for your support.

    Yep, great post Jem , well worth a thankyou from Dunstonh:sad:
  • Rollinghome
    Rollinghome Posts: 2,732 Forumite
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    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.
    Prior to the diversion into plumbing was quite enlightening. Especially interesting how the lack of any prior educational qualifications for IFAs, including O level maths, was defended.

    And of course the former salesman on this board now working as an IFA, as in fairness most IFAs are, was largely right. An ability for figures isn't really necessary for the job most IFAs do when they're are paid directly by the investment industry as salesmen for their products. They're valued and rewarded for selling not for "advising" with the ability to give financial advice being only peripheral. To the majority of IFAs who remain in essence salesmen, being competent to maths O level isn't seen as relevant and therefore understandably don't see the need for the better qualifications required by the forthcoming RDR either.

    If there was more honesty it wouldn't be a problem. It's a problem when the "advice" is just a sales hook to reel in people who really do need genuine advice in an area that can effect their whole life.
  • jem16
    jem16 Posts: 19,724 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 15 November 2010 at 8:05PM
    In my industry its easier to look and act professional when you have been educated to a level above o level/grade. Why wouldnt anyone want to improve their knowledge?

    Never judge a book by its cover.

    By the way I trust your reports to clients contain a higher degree of English than that displayed on your last comment? We wouldn't want your clients to judge your professionalism by your lack of knowledge of English grammar. ;)

    Please note to all concerned;

    I applaud anyone who wishes to improve their knowledge and see it as something everyone should consider. However it is only a part of anyone's ability to do a job and should not be seen as the be all and end all.
    If we all had your attitude then you wouldnt have a job would you.

    It wouldn't have any effect on my job - education is compulsory in Scotland to age 16.
    I give up Jem. You're obviously the witty one in your family.

    Not at all. I simply do not allow condescending bully boys to walk all over me.
    A little pat on the head is highly valued by some, especially if they don't get many in real life. Not to be underestimated. Works with my dog too.

    Yes it's actually quite enlightening to go back through your posts to see how many times you have thanked feesarefare and how many times he has thanked you.

    Anyway I shall now follow cloud_dog's excellent advice and bow out of this thread.
  • jem16 wrote: »
    By the way I trust your reports to clients contain a higher degree of English than that displayed on your last comment? We wouldn't want your clients to judge your professionalism by your lack of knowledge of English grammar. ;)

    I guess thats why I have someone to do my reports for me- I thought you new about delegation Jem?

    I havent got a specific investment qualification either thats why I delegate that process as well.

    It wouldn't have any effect on my job - education is compulsory in Scotland to age 16.

    Lucky for you then isnt it. I hope your not like many teachers that I have the misfortune of dealing with at parents evenings- you know the type, just going through the motions since they left university with a degree in window dressing, waiting for the day when they can pick up their juicy final salary pension scheme.
    Yes it's actually quite enlightening to go back through your posts to see how many times you have thanked feesarefare and how many times he has thanked you.

    But thats what should happen when you make quality posts.
    The usual culprits just "thank2 anyone who disagree with us even when they know we are correct- Well in Dunstonhs case, not so sure about the student, he clearly doesnt know whose right or wrong.
    Anyway I shall now follow cloud_dog's excellent advice and bow out of this thread

    Like him Im sure your going to have a peak at this post though!:D
  • browniej
    browniej Posts: 256 Forumite
    Part of the Furniture
    Lucky for you then isnt it. I hope your not like many teachers that I have the misfortune of dealing with at parents evenings- you know the type, just going through the motions since they left university with a degree in window dressing, waiting for the day when they can pick up their juicy final salary pension scheme.

    You sound very like some (fortunately not many) of the parents that I have the misfortune to meet on Parents' Evenings. You know the type - those that feel they know everything, are usually part of the Parent Council and have a strong sense of their own importance, who don't ever think their child could possibly do anything wrong and who only want to hear "positive" comments.

    I came here hoping that I would find some help in choosing an adviser to help with setting up a pension.

    Unfortunately it looks like I have found one poster who thinks it's smart to ridicule another poster - sad really.
  • browniej wrote: »
    I came here hoping that I would find some help in choosing an adviser to help with setting up a pension.

    Dont you have one already ?
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