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Out of 28,000
Out of interest, what difference in skill set, diligence or attitude do you think there might have been between the 900 IFAs who pushed clients into Arch Cru versus those who didn't?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 -
Thrugelmir wrote: »Investment managers fees are coming under pressure. As investment returns are becoming harder to make.
I found that the low prices of equities over the latter half of last year made finding places to invest fairly easy. It's harder now, but hopefully the recent drops will continue.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: »I found that the low prices of equities over the latter half of last year made finding places to invest fairly easy. It's harder now, but hopefully the recent drops will continue.
The issue for equities is the lack of underlying growth of profit. As its this that will drive prices up in the future. Western Governments have some way to go in cutting back to balance budgets to balance the books. At some point the US has to do likewise. The impact is going to felt globally as the sums involved are material.0 -
Thrugelmir wrote: »The issue for equities is the lack of underlying growth of profit. As its this that will drive prices up in the future.
I'm happy for earnings and dividends to increase, but not so keen on prices going up.
The longer everyone else remains scared of equities, the happier I'll be!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 -
Out of interest, what difference in skill set, diligence or attitude do you think there might have been between the 900 IFAs who pushed clients into Arch Cru versus those who didn't?
I dont have a wide enough range of examples to be sure of a trend but in each case I have seen it has been directly authorised firms and chartered financial planners. My understanding is that Cru targeted firms and wooed them. As if they knew who to go for.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 -
So find an IFA firm which like dunstonh's is part of a network that has independent compliance people.0
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so 3% of IFA firms sold Arch Cru. Doesn't exactly want me to pick up the yellow pages and find the nearest IFA.
And those clients that did use it are getting the benefit of consumer protection that exists to cover these sorts of things. Yes, I would prefer they didnt have to call on it but it is good to know that it is there for those that need it.
Still, it doesn't stop you demonising the 97% because of the actions of the 3%. Also, I think you will find a failure rate of around 3% is more than acceptable in most industries.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 -
it doesn't stop you demonising the 97% because of the actions of the 3%. Also, I think you will find a failure rate of around 3% is more than acceptable in most industries.
and that 3% of duff IFAs doesn't stop you touting for people to go to their local IFA.
There must be duff IFAs who never actually recommended Arch Cru?0
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