We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Discretionary trust

steinson · 2019-02-05 22:50:30

I am setting up a trust one of my daughter's whose disabled is discretionary I'm setting it up through my bank and the solicitor who drew up the trust thought a independent financial advisor was a good idea for me to see but in thinking of seeing what invesments the bank can provide as I'm dubious about getting advice and…

Comments

Reaper Posts: 7,360 Forumite

8 February 2019 at 10:01AM

steinson wrote: »

What's a DIY

Do It Yourself
i.e. you choose and buy the investments yourself. Typically you would choose a fund rather than individual shares or bonds, and the fund manager would decide where to invest all the pooled money.

Or a tracker where no fund manager is involved and instead it buys and sells to match an index such as the FTSE All Share.

0