Financial advisor

FatherAbraham

TH1878 wrote: »

Vouched for does reviews, unbiased does not.

What use are reviews?

Consumers will comment on whether advisers were polite, nicely dressed, or made them feel good, and all that sort of rubbish.

There is little chance of any useful subjective evaluation of whether an adviser actually made a positive difference to one's financial outcome (indeed, even good advice may lead to a poor financial outcome if one is simply unlucky).

The results of effective financial advice are felt decades in the future, in an average of all possible futures.

The situation is hopeless.

Warmest regards,
FA

bowlhead99

I would agree, it is not quite like getting a man in to change a leaky washer on your tap where any layman can instantly assess the quality of the results.

So a review on a website for a professional advice service where the benefits are felt down the line and the person writing the review may not be qualified to assess the quality of the solution, may not be worth the pixels it's printed on. The bits they are qualified to write about might just be the 'human' aspect, i.e. friendliness, approachability, communication skills. That might be valuable but not necessarily what you pay the £££ for. And as with any review site, presumably there could be bias of some sort for the good or bad ones.

GregoryDeck

Sorry I haven't heard about such a site. For the business we newly started in Toronto, it's the KPMG we hired for all the financial help and it was a very good experience as they were very good in the service they provide.

bowlhead99

GregoryDeck wrote: »

Sorry I haven't heard about such a site. For the business we newly started in Toronto, it's the KPMG we hired for all the financial help and it was a very good experience as they were very good in the service they provide.

No you didn't.

jem16

GregoryDeck wrote: »

Sorry I haven't heard about such a site.

I'll give you the benefit of the doubt and that you're not spamming. Wouldn't expect you to know about UK financial adviser websites in Canada.

For the business we newly started in Toronto, it's the KPMG we hired for all the financial help and it was a very good experience as they were very good in the service they provide.

KPMG are accountants so you wouldn't go to them for financial advice anyway which is what this thread is about.

zagfles

FatherAbraham wrote: »

What use are reviews?

Consumers will comment on whether advisers were polite, nicely dressed, or made them feel good, and all that sort of rubbish.

There is little chance of any useful subjective evaluation of whether an adviser actually made a positive difference to one's financial outcome (indeed, even good advice may lead to a poor financial outcome if one is simply unlucky).

The results of effective financial advice are felt decades in the future, in an average of all possible futures.

The situation is hopeless.

Warmest regards,
FA

Maybe choose one who's been around a long time and get reviews from those he sold products to 20-30 years ago! Avoid ones who sold endowments to people getting a mortgage, or with-profits pensions to people in a company pension scheme!

saver861

Many IFA's on vouchedfor are also on unbiased - so, not sure what difference which actual site you choose from as you will still get the same IFA if they are on both!

There are people that definitely need an IFA - those who have very little knowledge of financial matters.

There are people who probably do not need an IFA - they will be already particularly astute in financial matters.

Then there are those who are in between - which I would consider myself in that bracket. I have probably got a pretty good idea of what I want to do - an IFA could validate that or point out any pitfalls I had not anticipated.

If I get an IFA and he/she prevents me from falling down a deep hole then I'd be thinking money well spent. If the IFA more or less validates what I had intended doing anyway, then I'd probably think I could have maybe saved on that money outlay.

You pays your money and takes your choice .. or don't as the case may be ...

jennyjenssen1990

No, I don't know about this site though I know about consultants, never heard of this one. My grand father has hired consultant firm suggested by relatives. ...