In cash since October/November

waccamole

No, he's in his late 40's and as far as I know isn't newly qualified.

jem16

waccamole wrote: »

Nothing confrontational but just asking why I've not had anything in writing and stating clearly that I didn't expect to be out of the market.

I would perhaps ask him to provide you with the Suitability Report that you should have got but have just realised that you haven't.

bigadaj

jem16 wrote: »

I would perhaps ask him to provide you with the Suitability Report that you should have got but have just realised that you haven't.

I wonder what this might say now?

waccamole

Letter will be in the post tomorrow asking about suitablility report.

GhIFA

waccamole wrote: »

Letter will be in the post tomorrow asking about suitablility report.

Ring him and ask for a copy by email. I cannot understand why he hasn't provided this already, or why he would have suggested a strategy that saw you sat in cash for nearly 6 months.

bigfreddiel

marathonic wrote: »

Perhaps a stupid question but is it a young or newly qualified IFA?

.

No, he's in his late 40's and as far as I know isn't newly qualified.

Actually that is young - doubt he has the experience - may know things in theory

here's my advice, learn a little bit ( perhaps spend as much time on learning a bit about finance, investing etc as you do on football, drinking, buying a tv or car or whatever your passion is)
once you've learnt then do it yourself - its your money and letting an ifa handle it is like asking a checkout clerk at tesco's do it instead - in fact you wouldn't see any difference except being a bit better off.

see ya

fj

bigfreddiel

dunstonh wrote: »

All transactions have to be agreed by the client. So, what did you agree?

blame the client - a typical ifa response

see ya

fj

dunstonh

bigfreddiel wrote: »

blame the client - a typical ifa response

see ya

fj

Stop being so silly in your responses. They are not helping anyone.

An IFA cannot do a transaction without agreement of the client. That is a regulatory requirement. So, knowing what was agreed with regards to investing and comparing it to what was done is useful for us to know to guide the OP. i.e. if the advice was to invest in xyz fund and it didnt happen then that would be something that could be complained about.

GhIFA

bigfreddiel wrote: »

No, he's in his late 40's and as far as I know isn't newly qualified.

Actually that is young - doubt he has the experience - may know things in theory

here's my advice, learn a little bit ( perhaps spend as much time on learning a bit about finance, investing etc as you do on football, drinking, buying a tv or car or whatever your passion is)
once you've learnt then do it yourself - its your money and letting an ifa handle it is like asking a checkout clerk at tesco's do it instead - in fact you wouldn't see any difference except being a bit better off.

see ya

fj

Take your own advice and stop clogging up threads with your childish responses. The questions being asked are to try and ascertain the sequence of events, to try and offer some help on what he should do next. You're not helping.

atush

bigfreddie, you seem to know zilch. So go away somewhere and read/learn something. tiresome.