Collective Investment Account - cut my losses now?

DrSyn

For the amount you you have to invest, I think you have too many funds.

Have you actually checked the person you saw is an IFA ? Have you looked at this

https://www.moneysavingexpert.com/savings/best-financial-advisers/


As you do not know about investing, it is wise to seek advice.

Perhaps you would like to look at the following. Then you could seek your FA's advice when you see them.

https://www.ifa.com/indexfundsthemovie/

http://www.kroijer.com

https://www.vanguardinvestor.co.uk/investing-explained/what-are-lifestrategy-funds

bostonerimus

So many funds for just 60k? I think the financial advisor is having a bit of a laugh. But maybe they are running a sophisticated model (or paying another company for one) and think they can squeeze alpha out of the money by spreading the money around. I wonder what the OP's ongoing charge is?This is so far from my KISS ("Keep It Simple, Stupid") approach that I find it hard to believe that any sensible person could come up with such a portfolio. It might be brilliant, but I'd bet on it being dumb.