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birthday present from IFA
Newly_retired
Posts: 3,285 Forumite
What do you think of an IFA who gives his clients a Lottery ticket for their birthday?
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Comments
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Newly_retired wrote: »What do you think of an IFA who gives his clients a Lottery ticket for their birthday?
Good for him/her!
You might win and the IFA might win if you chose to invest your winnings.0 -
With odds of winning at 14 million to one it won't inspire one with confidence.0
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Firstly I would check the dateNewly_retired wrote: »What do you think of an IFA who gives his clients a Lottery ticket for their birthday?
Value-for-money-for-me-puhleeze!
"No man is worth, crawling on the earth"- adapted from Bob Crewe and Bob Gaudio
Hope is not a strategy...A child is for life, not just 18 years....Don't get me started on the NHS, because you won't win...I love chaz-ing!0 -
I think its a nice idea. Low cost to them but something different as a nice touch to their clients.Remember the saying: if it looks too good to be true it almost certainly is.0
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could be worse, he could of recomended premium bonds0
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Why not buy your own lottery ticket, why pay an IFA to get one for you, with your money?0
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If you aren't paying him trail, I think it is a nice idea.
Cheap for him, lucky for you if you win a tenner.0 -
Whether you like it or not, the IFA is always going to be spending your money on his marketing and customer retention strategies which ultimately provide economies of scale in terms of being able to successfully fund his office overheads and desired profit margin with his customer fees.Why not buy your own lottery ticket, why pay an IFA to get one for you, with your money?
If he's going to spend a pound reminding you that he's there for you once a year, I think a lottery ticket is a fun gift which would make him memorable without any material impact on your return. Spending £10 on a bunch of flowers would be an extravagance.
If you go to his office at this time of year and he's put some tinsel up, it makes for a generally nice atmosphere and the staff and clients in the office stay friendly and motivated and gets stuff done. If he stocks his mens room with luxury toilet paper rather than one-ply, when he gets back from lunch for his meeting with you he might be less grumpy. There are all kinds of ways he could have saved you money but the service might not improve and the fees might not go down.
Disclaimer - I don't have an IFA and won't get one in the hope of getting a winning lottery ticket. But the idea made me smile and that's no bad thing when you want to build and keep a friendly trusting relationship with your clients. :beer:0
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