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Anyone been to an IFA and not been advised to buy Unit Trusts?
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gadgetmind wrote: »Traditionally, bonds, gilts, cash and property.
I'm not too sure about the first two right now. Or the latter two.
Some work on the premiss that there is no such thing as a risky investment, only a risky scenario0 -
bigfreddiel wrote: »So they are not that INDEPENDENT then!
While they aren't tied, they do seem to be fettered.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
gadgetmind wrote: »While they aren't tied, they do seem to be fettered.
Also describes rather a lot of the 'opinion' that gets expressed from [STRIKE]all[/STRIKE] many quarters on MSE too.Living for tomorrow might mean that you survive the day after.
It is always different this time. The only thing that is the same is the outcome.
Portfolios are like personalities - one that is balanced is usually preferable.
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50,000 fund options rising by a few more hundred isnt really going to be make a lot of difference.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.0
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Nothing to do with the fact that currently most are not authorised to recommend them within their scope of permissions then?
How about them generally being a notch up the risk scale and more suited to experienced investors. The typical advice client is generally viewed as cautious and inexperienced.
Sounds like another example of the financial services industry keeping knowledge of lower-cost and arguably better performing products to "insiders"...
.. and using the above excuse to justify it ...0 -
Lower cost, better performing.....because they are higher risk?I am an Independent Financial AdviserYou should note that this site doesn't check my status as an Independent Financial Adviser, so you need to take my word for it. This signature is here as I follow MSE's Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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Then again there are many IFAs who understand that the risk of an IT is generally above that of an equivalent OEIC and see no need to use them for the average investor that would consult an IFA.
Don't expect that to change much when commission is removed from the equation.
If they've any sense, I don't think IFAs will switch to recommending ITs following the RDR - they would either be challenged for not recommending them originally and/or be accused of "churning and burning" ...0 -
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Are you saying that IT's are NOT higher risk than their open-ended equivalents?I am an Independent Financial AdviserYou should note that this site doesn't check my status as an Independent Financial Adviser, so you need to take my word for it. This signature is here as I follow MSE's Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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Maverick_Money wrote: »How about better performing because they are lower cost??
That's one of the factors, but there are others.
http://www.fool.co.uk/news/investing/2011/10/18/investment-trusts-trounce-unit-trusts.aspx
However, ITs can present problems due to premiums and discounts, which some ITs allow to grow rather large. Is an IFA supposed to tell a lump sum punter to come back in a few months to see if the premium has reduced?
I can't say I really care any longer as I'm going to slowly sell my OEICs, while continuing to build my ITs and acquire trackers, and others can please themselves!I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0
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