West Brom Axa Distribution fund

Harry_Alexander

First time writing in one of these but I just wanted to say that you should try an Independent financial adviser. I thought it meant they worked alone, it doesn't it means they can advise on any investment company.

You sound like I did 3-4 years ago.

After a lot of bad financial advice in the 1980's and 90's mainly with our endowments i have found these advisers have got better now. Especially if you get a degree educated one.

I got a load of money back a few years from a claim for bad advice and swore never again. Then I had a guy come from a company called St James Place, they sounded no different to a bank with 4%-5% upfront charges etc. I asked the Finance director at work who he used and he pointed me to an independent financial adviser in Leeds and he seems fairly happy to travel as I am based in Surrey. Not sure if that helps but can always point you in his direction or ask him to contact you although not sure if he is taking on any new clients. He didn't charge me anything for the first 2 appointments until he understood what I needed.

bigadaj

Harry, nice post, just wanted to correct the point about the degree though.

Unusually there don't appear to be any degree courses relevant. There are ongoing courses, training and qualifications. In many cases even if there were you would be better going for someone without a degree but with more experience.

Still seems odd that there aren't degree courses when you can do basket weaving and American media studies etc

eranou

Hmmm new member, 1st post offering to arrange business, I'd be wary

Harry_Alexander

Hi Bigdaj,

Well i just know that he seems to have lots of letters after his name and one lot of those is for a degree. My point in case was that they seem more professional and articulate than when we used to get the 'man from the Pru' knocking on the door. My accountant has a degree it is weird that the degree isn;t necessary when they are dealing with life savings.

And to the cynic i am sorry for whatever has happened in your life to make you so wary of everything/everyone, and i thought i was bad!

grizzly1911

bigadaj wrote: »

Harry, nice post, just wanted to correct the point about the degree though.

Unusually there don't appear to be any degree courses relevant. There are ongoing courses, training and qualifications. In many cases even if there were you would be better going for someone without a degree but with more experience.

Still seems odd that there aren't degree courses when you can do basket weaving and American media studies etc

Not really sure that having a degree necessarily provides you with any commercial ability, business sense, common sense or ability to work with the public.

Harry_Alexander

Ha i just noticed the 'Newbie Alert' under my name. Seems Eranou doesn't like to 'give us a chance' or whatever it says. hehe

dunstonh

First time writing in one of these but I just wanted to say that you should try an Independent financial adviser. I thought it meant they worked alone, it doesn't it means they can advise on any investment company.

You have it the wrong way around. An IFA can be a sole trader, partnership or part of a medium or large firm. They are required to provide advice from across the UK marketplace.

Then I had a guy come from a company called St James Place, they sounded no different to a bank with 4%-5% upfront charges etc

SJP is one of the most expensive distribution channels after banks. Slick and smart but you pay for it big time.

eranou

Harry_Alexander wrote: »

Ha i just noticed the 'Newbie Alert' under my name. Seems Eranou doesn't like to 'give us a chance' or whatever it says. hehe

Apologies if your intentions are good but when someone posts looking for info on a £400K investment & a new member suddenly appears offering to put them in contact someone who can give them advice rings alarm bells to me.

tony_no1

thanks for all the posts guys, well I know what I have to do now at least

tony_no1

just another thing with this.

west brom charge 4.5%

and when I called axa direct they charge 5% to invest in the same fund, is this really the agent making a "killing" ?