We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

I'm a bit worried about my IFA

2

Comments

  • SallyG
    SallyG Posts: 850 Forumite
    What makes me worry about this IFA is the lack of preparedness - "Sipp investments which had recently matured" so this didn't appear out of the blue - L9's had the same IFA for 7 years.
    Shouldn't an IFA be at least a page ahead?
    What sort of investments/funds are you looking at L9?
  • dunstonh
    dunstonh Posts: 120,336 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    What makes me worry about this IFA is the lack of preparedness - "Sipp investments which had recently matured"

    What do you mean by mature?
    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.
  • saverjustice
    saverjustice Posts: 192 Forumite
    Now let me guess what is meant by 'matured'....
  • dunstonh
    dunstonh Posts: 120,336 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    saverjustice wrote: »
    Now let me guess what is meant by 'matured'....

    please do so as pensions dont mature. Investments within them could but the pension itself doesnt unless you tell it to.
    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.
  • saverjustice
    saverjustice Posts: 192 Forumite
    "Sipp investments which had recently matured"

    Does that give anybody a clue?
  • saverjustice
    saverjustice Posts: 192 Forumite
    Look you two, if you want to fight do it in private.
  • dunstonh
    dunstonh Posts: 120,336 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    So are you saying that not having a business organised properly is an excuse for giving a mediocre service.

    No. I never said it was.
    its not like the end of the tax year is announced at short notice, even people that dont work in the industry know its the 5th April and it comes round once a year.

    You must be the only one that doesnt see an increase either side of the tax year.
    Are there really IFA firms that are doing "virtually nothing" some times of the year? Eqaully if there are any working 12-15 hours a day then they are either insane or in need of some serious help (probably both)

    Of course there are and any attempt for you to say different is just for the sake of causing argument.

    Insane = spending hours building portfolios that clients dont even value anyway.

    I'm sorry that your clients dont appreciate you but that has nothing to do with this thread.
    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.
  • dunstonh
    dunstonh Posts: 120,336 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    What are they going to do post 2012 when they wont be allowed to mess with funds anymore?

    There are no rules coming in that say that.
    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.
  • Velcro_Hotdog
    Velcro_Hotdog Posts: 1,018 Forumite
    Are IFAs that use this board not a little embarrassed when they read threads like this? There are two "adults" acting like children with their petty arguments that seem to take over a lot of the threads on here recently. You do not give your service any good publicity acting the way you do on here.

    At a time when confidence in financial services is low you would think that your time on a board viewed by hundreds maybe even thousands would be better spent.
  • browniej
    browniej Posts: 256 Forumite
    Part of the Furniture
    feesarefare wrote: »
    What are they going to do post 2012 when they wont be allowed to mess with funds anymore? My guess is that they will be doing "virtually nothing" all year round!!!!!!!!!!!!!

    Could you elaborate please?

    Are you saying that post 2012 an IFA will no longer be able to put together a portfolio of funds that he/she has selected?

    If not that what do you mean?
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.3K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.4K Spending & Discounts
  • 245.3K Work, Benefits & Business
  • 601.1K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture