Brew dolphin

Andrew31

Malthusian wrote: »

You're going to have to tell us.

Royal London's main pension product does allow you to invest via a Discretionary Fund Manager so that is one possibility.

Have you looked in the adviser's suitability report? Or asked the adviser?

https://adviser.royallondon.com/globalassets/docs/adviser/leaflets/65l3-discretionary-fund-manager-leaflet.pdf

Mick70

Andrew31 wrote: »

It is very Likely the have recommended a DFM and that is Brewin Dolphin. The fact that you use the word Brew Dolphin leads me to believe you are either having a joke or really dont ready anything you are given. Perhaps more time reading the actual advice and less on forums would suit you better.

get out of bed the wrong side ? was a simple mistake typing brew rather than brewer, if thats only comment you can make

got to bottom of it and it was an error on the report i received where it had been cut and paste from another client, not ideal but at least i can ignore the reference to them . Yes it will be going to RL via an IFA

Mick70

and thank you for replies, can ignore this thread now

Andrew31

Mick70 wrote: »

get out of bed the wrong side ? was a simple mistake typing brew rather than brewer, if thats only comment you can make

got to bottom of it and it was an error on the report i received where it had been cut and paste from another client, not ideal but at least i can ignore the reference to them . Yes it will be going to RL via an IFA

Brewin LOL.
Given the size of your transfer, i would be more concerned if the IFA was making copy and paste errors on my report. How much are you paying them? and where are they investing you?

In answer to your question no, but i think some questions are better asked of the people given the advice rather than asking the world what they think. :rotfl:

cfw1994

FWIW (not a lot, now this is solved!)..... I have a good pal who uses Brewin (Brewer, Brewdog, whatever you like!) Dolphin when he 'stepped down' from the workplace a while ago.

Haven't had ANY detailed fiscal conversations with him about how they are going - the fact they have "wealth management" as part of their goals to help you with is enough to put me off! - but he sounds happy enough!

Albermarle

If an IFA does his/her initial part with the client, but then delegates ( is that the correct word?) the day to day investment strategy to a DFM , I presume this means that the IFA will have reduced charges because they are doing less?
Also I presume the DFM have a charge ( typically how much ?) and of course the funds have a charge and the platform .
So in this case you would be paying four times . It must all add up !

Mick70

its not, it was a genuine admin mistake , when I queried why they were involved I was assured they are not . Will just be the IFA and RL
As far as aware both will be charging 0.35% p.a (so combined fee 0.7%)

Albermarle

its not, it was a genuine admin mistake ,

Mick the question was not directly addressed to you , it was just a general question as I am not familiar with DFM's

As far as aware both will be charging 0.35% p.a (so combined fee 0.7%)

Plus fund fees ?

Malthusian

Andrew31 wrote: »

Brewin LOL.
Given the size of your transfer, i would be more concerned if the IFA was making copy and paste errors on my report. How much are you paying them? and where are they investing you?

As suitability letters can run from 20 to 50 pages long depending on the IFA, they will by nature mostly consist of copy-and-pasted text, mostly aimed at the FCA and FOS rather than the investor to whom it is addressed. If a copypasta typo is the worst error your IFA makes they are probably doing OK.

It is sloppy but to err is human.

Mick70

Albermarle wrote: »

Plus fund fees ?

As far as I was lead to believe , IFA 0.35 and RL 0.35 , no other fees though , that’s what was indicated to me