Flying Colours Investments.

aajax42

Has anyone heard of this group of IFA's?
Looks interesting but they only have very recent reviews that I can find.

aajax42

I have discovered they only launched in March 2016. Too early to jump on board me thinks.

dunstonh

Most IFAs are small local firms who would have little or no internet presence. So, asking about small firms is unlikely to find many responses. This firm is also a restricted FA and not an IFA.

Looks interesting but they only have very recent reviews that I can find.

Its a nice looking website but their charges are in the ballpark of most IFAs. Although they operate a cap. Its not a full advice but a robo-advice service. Many IFAs are close to operating or running trials or similar on robo-advice offerings. Mainly aimed at smaller investors who cant afford full advice but dont want to DIY. So, expect more like this to appear in future as it is a growth area.

bigfreddiel

aajax42 wrote: »

Has anyone heard of this group of IFA's?
Looks interesting but they only have very recent reviews that I can find.

Well to advertise as an IFA they must have qualifications equivalent to degree level. So as far as expertise goes they are probably bang on.

If you're happy with their fees go for it.

If it all goes belly up they will have insurance and you can claim for any perceived losses.

But thee again you get good and bad in any profession the choice is yours

By far the best way to choose an IFA is to know what you want. Speak with your friends and see who they use and how they get on and go from there.

Good luck fj

DrSyn

1.Have you read the following

https://www.citizensadvice.org.uk/debt-and-money/savings/getting-financial-advice/

2. Have you checked the company out on the fca register? Are these the people you are asking about?

https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000000kdsE2AAI


3. Have you checked with companies house. Are these the people you are asking about?

https://beta.companieshouse.gov.uk/company/09075635

4. Did you run a a google search to see what turns up good or bad. For example, flying colours wealth complaints produced this

https://www.moneymarketing.co.uk/advisers-slam-new-advice-firm-over-low-cost-claims/

Of course I do not know if any of the above are about the company you are asking about, it is up to you to determine. However, check out as much as you can before handing over any money, not after!

Always do basic checks first!

aajax42

Why is everything so complicated? But a big thank you to DrSyn for the research.

DrSyn

aajax42 wrote: »

Why is everything so complicated? But a big thank you to DrSyn for the research.

If you mean investing, a cynic might say
1.To discourage people from doing it themselves.
2.With active funds, to hide all of the costs that you will be charged.


I would suggest before you do anything with money, you do your own research on the areas your interested in even if you intend to see an IFA.

With investing you can make it as simple or as complicated as you like. Its up to you.

For example take a simple portfolio

(a) Cash in bank/building society, for your emergencies.
(b) Low cost multi-asset index fund such as the Lifestrategy fund from Vanguard.


Maybe you might like to have a look at these site.

1.http://www.moneysavingexpert.com/banking/

2.http://monevator.com/highlights/
(also look in the menu)

3.http://meaningfulmoney.tv/category/investment/

4.https://www.citizensadvice.org.uk/resources-and-tools/search-navigation-tools/Search/?q=money

Hope the above will be of help to you.

grey_gym_sock

aajax42 wrote: »

Why is everything so complicated?

2nd law of themodynamics

DrSyn

grey_gym_sock wrote: »

2nd law of themodynamics

It states that as energy is transferred or transformed, more and more of it is wasted. The Second Law also states that there is a natural tendency of any isolated system to degenerate into a more disordered state.

A cynic would have to agree!

The system is in a complicated and disordered state, to confuse the customer. So that more and more of the customers money can be extracted (wasted) in hidden fees and charges.

oxocubes

Went to see them today about a pension fund transfer, after agreeing to their fee and it being paid when the transfer was complete. They tried to sneak in another fee of £1000. Not to be trusted.