Commission to IFA

dunstonh

You and me both. interesting is that the forum 'calvalry' haven't come out in their droves to support Dh as they usually do. I wonder why?

Those that have replied and said you are wrong. Perhaps the rest are bored the constant bickering and ignorance shown by a few who choose to ignore facts but carry on their rants.

Lokolo

fairleads wrote: »

You and me both. interesting is that the forum 'calvalry' haven't come out in their droves to support Dh as they usually do. I wonder why?
Challenge to Dh Axa and any IFA to provide us with copies of the cost structure of the unfettered fund in question.
Guys we know you can, so please do it for us and settle this once and for all. Base the cost structure on a 100K fund giving ALL details of amcs, ters, expenses, rebates and the typical adviser fee to set up and review annually. Thanks guys

To be quite honest, it's like talking to a brick wall. The fact you think for a fund of funds, you add up the individual funds AMC to get the total AMC shows your level of knowledge on these matters and I don't think anything you say can be taken seriously.

You are as bad as bigfriedel.

atush

You and me both. interesting is that the forum 'calvalry' haven't come out in their droves to support Dh as they usually do. I wonder why?

Because it is Saturday morning?

And because no matter what anyone says you'll still argue the opposite?

fairleads

dunstonh wrote: »

Those that have replied and said you are wrong. Perhaps the rest are bored the constant bickering and ignorance shown by a few who choose to ignore facts but carry on their rants.

The people who have replied are not IFA s. Except Aegis that is. And his reply added little to the cost structure side of the debate.

If you want to be seen as a professional then you should act like one.
As asked, Please supply proof of the costs, charges and rebates you have quoted all w.r.t. the unfettered Axa Wealth Elite Global Equity fund of funds of funds.

jem16

fairleads wrote: »

As asked, Please supply proof of the costs, charges and rebates you have quoted all w.r.t. the unfettered Axa Wealth Elite Global Equity fund of funds of funds.

Why should Dh, Aegis or any IFA provide these to you? You will only continue ignoring them or flatly refuse to believe them as they don't fit in with your thoughts.

Look at Axa's website;

Axa Wealth Elite Global Equity

http://factsheets.financialexpress.net/AXAW/PTAAB_ST_ME.pdf

Both Fund Management Charge pa and Fund Expenses pa are clearly marked.

Rebates are also clearly set out on Axa's website - you quoted them yourself earlier. Go and look if you want them.

Atush set out IFAs charges earlier in the thread - look back.

dunstonh

As asked, Please supply proof of the costs, charges and rebates you have quoted all w.r.t. the unfettered Axa Wealth Elite Global Equity fund of funds of funds.

I looked up the charges and rebates when I posted my replies. Why dont you supply us with information that supports your view that you just add random figures to the charges to get the end result.

doughnutmachine

jem16 wrote: »

Why should Dh, Aegis or any IFA provide these to you? You will only continue ignoring them or flatly refuse to believe them as they don't fit in with your thoughts.

Look at Axa's website;

Axa Wealth Elite Global Equity

http://factsheets.financialexpress.net/AXAW/PTAAB_ST_ME.pdf

Both Fund Management Charge pa and Fund Expenses pa are clearly marked.

Rebates are also clearly set out on Axa's website - you quoted them yourself earlier. Go and look if you want them.

Atush set out IFAs charges earlier in the thread - look back.

Thanks very much for that link Jem. But the 1.25% pa charge, mentioned in the document, is not the total charge paid by the investor. You do know that?

The document itself says:

"In addition to the fund charges stated, there may also be product charges and/or adviser charges relating to the product that you access this fund through. Where there are additional charges, product past performance figures will be lower than the figures shown."

doughnutmachine

Lokolo wrote: »

To be quite honest, it's like talking to a brick wall. The fact you think for a fund of funds, you add up the individual funds AMC to get the total AMC shows your level of knowledge on these matters and I don't think anything you say can be taken seriously.

Quite agree, some people have no idea about the costs of running a fund. Some person in the thread even thought stockbrokers worked for free. *sigh* it's almost funny.

Lokolo wrote: »

For starters, there are no "dealing costs". It's not like the traders get charged £12.50 fee every time they make a trade! They buy at a certain price, and that's it.

doughnutmachine

dunstonh wrote: »

I looked up the charges and rebates when I posted my replies. Why dont you supply us with information that supports your view that you just add random figures to the charges to get the end result.

but you've not told us the total* of all the charges..... if you don't know the total charges I would rather you just said so.

* ie not the AMC or TER

dunstonh

but you've not told us the total* of all the charges

The thread contains the total and the rebate.