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!
How many people use an IFA?
Comments
-
Finally, above all else, an IFA is primarily there to provide advice and planning and put in place suitable solutions which have due diligence and research carried out on them and are structured and understandable. Nowhere in the requirements of an IFA does it say you should aim for outperformance. An IFA is not an investment manager.
Great post especially as maybe people expect outperformance rather than implementing/suggesting suitable solutions, so do not understand the role of the IFA. As a user of an IFA I’m also aware that increased regulation that hopefully protects the less knowledgeable also increases their costs. IFA firms are there to make money like all businesses and as far as I am aware they are not excessive.
So I suggest reading Dunstonh’s post and taking an informed decision to utilise an IFA or not.
It is OUR choice.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.1K Work, Benefits & Business
- 600.7K Mortgages, Homes & Bills
- 177.5K Life & Family
- 258.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards