Independent financial advice

RainbowsInTheSpray

Has someone hi-jacked my thread?

As it happens, I wouldn't be interested in 'investments' as such - in the sense of anything new or additional - but would want advice as to disposition and arrangements of already existing assets: property etc. 

bigadaj

RainbowsInTheSpray said:

Has someone hi-jacked my thread?

As it happens, I wouldn't be interested in 'investments' as such - in the sense of anything new or additional - but would want advice as to disposition and arrangements of already existing assets: property etc. 

Well IFAs don't really deal with property. 

Wildsound

An IFA will either say:
"Sure, that rental property appears to look like a good diversifier across your giant portfolio of various assets. Go manage that yourself and let me know how it goes".
or
"Gee, that's a large proportion of your net worth in illiquid assets. Are you sure about that? Let me know if/when you've sold it and have cash available to invest and then we'll talk again"

Albermarle

RainbowsInTheSpray said:

Has someone hi-jacked my thread?

As it happens, I wouldn't be interested in 'investments' as such - in the sense of anything new or additional - but would want advice as to disposition and arrangements of already existing assets: property etc. 

Yes but you have recovered the hostage !
Typically an IFA is involved in managing your investments /pension etc as a core activity . However they will ( should ) take into account your overall financial situation and other assets . On the other hand they would not normally get involved in property sales , cash savings accounts etc although they could presumably advise you on any capital gains or inheritance tax implications for example. This is the kind of thing to discuss with them during the introductory meeting . Often they work in groups and they may refer you on to a colleague if appropriate.

RainbowsInTheSpray

I appreciate the comments regarding property ownership... but this latter is surely something which ever more people will be raising as an issue when consulting with financial advisers. As more and more of those who, like me, invested in property, reach retirement age, they will be wanting the same kind of advice: how to arrange one's assets to best advantage.

If it's being said that a lot of IFAs just won't be interested, then we need a new kind of adviser, it seems to me.