Do these charges seem 'reasonable'

fjh

dunstonh wrote: »

Are they an appointed representative of Intrinsic? (check the bottom of their letterhead amongst other places). That selection screams Instrinsic rep. I can't see why a directly authorised IFA going near Cirilium.

Adviser charge at 0.5% is fine. Platform charge is ballpark (although it would depend on the amount invested).

I have checked site and letter head. IFA, no mention of ‘ Cirillum’ or Intrinsic.

Malthusian

As others have said it's a classic mishmash.

And it makes no sense to use Prudential With Profits for part of the portfolio. Either you need to pay someone to cover your eyes and not let you look at volatility or you don't.

Plus Prudential's funds are designed as a "one size fits all" multi-asset solution and if you bolt other funds to it, it ceases to fit.

fjh

Based on feedback so far I think I need to now ask : What do I keep, what do I ‘bin’ and what do I replace with?
Welcome any input.
Thanks

zagfles

fjh wrote: »

Based on feedback so far I think I need to now ask : What do I keep, what do I ‘bin’ and what do I replace with?
Welcome any input.
Thanks

First you need to decide whether you want to use an IFA or not, no point having a dog and barking yourself!

If you want to keep using an IFA, suggest you get them to explain their strategy, why they're using very expensive fund of funds, and if you don't get a sensible answer, find a new IFA!

[Deleted User]

fjh wrote: »

Based on feedback so far I think I need to now ask : What do I keep, what do I ‘bin’ and what do I replace with?
Welcome any input.
Thanks

1. Ask IFA why he/she picked a bunch of weird really expensive funds and an equally peculiar combination of multi-asset funds which are designed to provide a simple all in one solution.

2. Fire him/her. Only suggesting 1 to satisfy curiosity.

3. Read a couple of good books about risk and first hand experiences of major bears. Decide how much you want in bonds.

4. Pick one multi-asset fund with the right bond allocation and low costs. Keep adding to it and sleep tight. Alternatively, if you want to do a little more reading and rebalancing//dividend reinvestment you can cut your costs even more by investing into ETFs.

This isn’t advice. Like everything on this board it’s merely an opinion

fjh

4. Pick one multi-asset fund with the right bond allocation and low costs. Keep adding to it and sleep tight. Alternatively, if you want to do a little more reading and rebalancing//dividend reinvestment you can cut your costs even more by investing into ETFs.

I have started on the reading ( The DIY Investor by AJ Bell)
As a guide - what would your say top 3 suggestions be for multi- asset for a 'cautious' investor- the range is Huge!
Thanks

fjh

I have started on the reading ( The DIY Investor by AJ Bell)
As a guide - what would your say top 3 suggestions be for multi- asset for a 'cautious' investor- the range is Huge!
Thanks