500k Euros in Invest

razzle321

Hi,

I have 500,000 Euros to invest and I am totally at a loss what to do next. I have not used a financial advisor before and was recommended some chap at St James Place Wealth Management. I had a friendly meeting with him and he was happy to invest my money for a 2% annual fee, but I have since read some very mixed reviews about this company.

My attitude to risk is that I am happy with steady, if unspectacular growth.

I wondered whether anyone could recommend any IFA's or wealth management companies. I am based in Exeter, Devon.

I did wonder whether a better option would be to take control of the investment decisions myself, invest in a wide and diverse range of funds/bonds and save myself some fees. But I am not entirely sure how to go about this and any advice would be appreciated, especially as my funds are in Euros and I would rather not convert them to sterling.

Thanks

Bill

Archi_Bald

check out unbiased.co.uk. There are many good IFAs which will be a lot cheaper than St James Place.

Thrugelmir

What did you do with £100k you had in 2008? Didn't you seek advice back then.

paddytt

Lets say you choose the advisor and he makes 5% per year on your money. he takes 2%. that is 40% of the gain - would you pay anyone 40% commission?

Companies like Vanguard and L&G offer very low cost, broad spread funds that you can invest in easily. I have a similar sum to you in Euros invested in Vanguard through JPMorgan in Dublin.

good luck whatever you do, but remember - doing nothing is not an option.

paddy

ChiefGrasscutter

This is the link to the last time the OP asked the same question
https://forums.moneysavingexpert.com/discussion/986109

TheTracker

Seems like whatever he did back in 2008 has been successful, without knowing his savings between then and now. Why give him a hard time for asking the same question 7 years later with 5 times the money? Advice is rather more important at this stage.

Then again I fear I side on the more easily trolled side of personality than others. Too much giving others the benefit of the doubt I suppose. It seems like the worlds least prolific troll troll is one who would ask a question back then and return to troll with the same question 7 years later.

Robin9

Whoever's advice OP took 7 years ago must have been good - go back to the same advisor

razzle321

I did ask a similar question in 2008. I had just sold my house and didn't know what to do with part of the proceeds. In the end, I didn't invest the money in stock and shares, I used all my proceeds of sale, including the £100,000, to buy a house in Italy, which I have now sold. I didn't make much of a profit but at least I can just about understand bricks and mortar.

So I am back to the position of having a lump sum and I am revisiting the idea investing the funds. So, no mystery, just life repeating itself.

Thanks

Mistermeaner

There's loads of threads on here with similar titles, suggest reading through them and seeing if they give you any ideas

vinlev_mutua

you can visit moneysavingexperts.com. they might have many good IFAs which may be cheaper than St.James

[Deleted User]

razzle321 wrote: »

Hi,

I have 500,000 Euros to invest and I am totally at a loss what to do

Give it to charity. Problem solved.