What to do with approx £100,000 ?

dunstonh

stars_bright wrote: »

I am not too impressed with the financial advisor who came to the house. He emailed me wanting to come again, see my and my husbands id, show us his proposals and for us to sign up that night. I emailed him saying we would like to hear his ideas but would want to think about it before deciding. He emailed me back saying he recomended we acted sooner rather than later as we are about to start an economic recovery. It smacks a bit like a double glazing salesman and has put me off him

Take it at your pace. There is no hurry.

Make sure its not an FA you saw but an IFA. Also, ideally get in with the owner/partners/directors rather than an employee. They tend to be there for the long term as they own the business. Whereas employees tend to move around. Plus, the owners are financially liable for the advice they give. It is also worth asking what they are doing post Retail Distribution Review (RDR). Many are calling it a day at that point. They reckon anything between 30-50% of financial advisers will hang up their boots. So, you don't want to use someone that isn't going to be there long term.

B_Blank

Be careful as alot of financial advisors take a huge cut of the money you end up investing. I would just invest across a range of funds and bonds and see what happens, but obviously I am no expert and you should do what you are comfortable with!