IFA Advises Pension Move to True Potential : Thoughts Please?

BritishInvestor

GSP said:

Joey_Soap said:

I think ZPZ makes an excellent point. Having put your money into some funds that themselves have management, what exactly is your advisor now bringing to the party that is worth £75 a week to you? I know what I believe the answer to be, likely the same as ZPZ.

I suppose he is managing/overseeing the managed funds. Seeing that they are ‘doing the job’.

What is "the job"?

BritishInvestor

Joey_Soap said:

GSP said:

Joey_Soap said:

I think ZPZ makes an excellent point. Having put your money into some funds that themselves have management, what exactly is your advisor now bringing to the party that is worth £75 a week to you? I know what I believe the answer to be, likely the same as ZPZ.

I suppose he is managing/overseeing the managed funds. Seeing that they are ‘doing the job’.

Come on. £75 a week? I doubt the adviser spends more than half an hour every six months on this client. If that. Highly likely he has any number of clients with the exact same portfolio. I am sorry but it simply reinforces my opinion about advisers.

We are going over the same thing over, and over, and over again.

GSP

BritishInvestor said:

GSP said:

Joey_Soap said:

I think ZPZ makes an excellent point. Having put your money into some funds that themselves have management, what exactly is your advisor now bringing to the party that is worth £75 a week to you? I know what I believe the answer to be, likely the same as ZPZ.

I suppose he is managing/overseeing the managed funds. Seeing that they are ‘doing the job’.

What is "the job"?

Growing at a reasonable rate compared to other funds.

Cus

BritishInvestor said:

This is 2020, not the 90s. 

Dont understand what you mean by this.  Do you mean that this what they did do in the 90's but now they don't bother?

GSP

BritishInvestor said:

Joey_Soap said:

GSP said:

Joey_Soap said:

I think ZPZ makes an excellent point. Having put your money into some funds that themselves have management, what exactly is your advisor now bringing to the party that is worth £75 a week to you? I know what I believe the answer to be, likely the same as ZPZ.

I suppose he is managing/overseeing the managed funds. Seeing that they are ‘doing the job’.

Come on. £75 a week? I doubt the adviser spends more than half an hour every six months on this client. If that. Highly likely he has any number of clients with the exact same portfolio. I am sorry but it simply reinforces my opinion about advisers.

We are going over the same thing over, and over, and over again.

Well I suppose that’s an ‘advantage’ of being an IFA with perhaps a number of clients the same. In truth, if he can help to deliver decent growth, why go looking at other funds for different clients if he has confidence in the holdings he suggests? 

[Deleted User]

GSP said:

BritishInvestor said:

GSP said:

Joey_Soap said:

I think ZPZ makes an excellent point. Having put your money into some funds that themselves have management, what exactly is your advisor now bringing to the party that is worth £75 a week to you? I know what I believe the answer to be, likely the same as ZPZ.

I suppose he is managing/overseeing the managed funds. Seeing that they are ‘doing the job’.

What is "the job"?

Growing at a reasonable rate compared to other funds.

How much growth has your IFA delivered so far, GSP? Has he been working for you for a few years?

NottinghamKnight

GSP said:

BritishInvestor said:

Joey_Soap said:

GSP said:

Joey_Soap said:

I think ZPZ makes an excellent point. Having put your money into some funds that themselves have management, what exactly is your advisor now bringing to the party that is worth £75 a week to you? I know what I believe the answer to be, likely the same as ZPZ.

I suppose he is managing/overseeing the managed funds. Seeing that they are ‘doing the job’.

Come on. £75 a week? I doubt the adviser spends more than half an hour every six months on this client. If that. Highly likely he has any number of clients with the exact same portfolio. I am sorry but it simply reinforces my opinion about advisers.

We are going over the same thing over, and over, and over again.

Well I suppose that’s an ‘advantage’ of being an IFA with perhaps a number of clients the same. In truth, if he can help to deliver decent growth, why go looking at other funds for different clients if he has confidence in the holdings he suggests? 

Maybe to try and justify his several grand in fees?

GSP

ZingPowZing said:

GSP said:

BritishInvestor said:

GSP said:

Joey_Soap said:

I think ZPZ makes an excellent point. Having put your money into some funds that themselves have management, what exactly is your advisor now bringing to the party that is worth £75 a week to you? I know what I believe the answer to be, likely the same as ZPZ.

I suppose he is managing/overseeing the managed funds. Seeing that they are ‘doing the job’.

What is "the job"?

Growing at a reasonable rate compared to other funds.

How much growth has your IFA delivered so far, GSP? Has he been working for you for a few years?

I’ve had him for just over 3 years, withdrawn £170k and my fund is looking pretty much the same as when I first entered.

[Deleted User]

GSP said:

ZingPowZing said:

GSP said:

BritishInvestor said:

GSP said:

Joey_Soap said:

I think ZPZ makes an excellent point. Having put your money into some funds that themselves have management, what exactly is your advisor now bringing to the party that is worth £75 a week to you? I know what I believe the answer to be, likely the same as ZPZ.

I suppose he is managing/overseeing the managed funds. Seeing that they are ‘doing the job’.

What is "the job"?

Growing at a reasonable rate compared to other funds.

How much growth has your IFA delivered so far, GSP? Has he been working for you for a few years?

I’ve had him for just over 3 years, withdrawn £170k and my fund is looking pretty much the same as when I first entered.

Sounds good to be fair, GSP. 
You’ve been taking out £1000 per week and not impacted on the value of your investment, if I understand correctly.

GSP

ZingPowZing said:

GSP said:

ZingPowZing said:

GSP said:

BritishInvestor said:

GSP said:

Joey_Soap said:

I think ZPZ makes an excellent point. Having put your money into some funds that themselves have management, what exactly is your advisor now bringing to the party that is worth £75 a week to you? I know what I believe the answer to be, likely the same as ZPZ.

I suppose he is managing/overseeing the managed funds. Seeing that they are ‘doing the job’.

What is "the job"?

Growing at a reasonable rate compared to other funds.

How much growth has your IFA delivered so far, GSP? Has he been working for you for a few years?

I’ve had him for just over 3 years, withdrawn £170k and my fund is looking pretty much the same as when I first entered.

Sounds good to be fair, GSP. 
You’ve been taking out £1000 per week and not impacted on the value of your investment, if I understand correctly.

Yes I suppose it works out like that, but it’s been done in about 7 chunks, all without paying tax, so far!