How Do I Sack My IFA and go DIY?

cfw1994

BritishInvestor said:

NottinghamKnight said:

BritishInvestor said:

Deleted_User said:

In general, an IFA can add value if he is good and the investor is uneducated. In many cases, neither is true. And educating yourself is easy; these days investments should be simple. 

But surely if the IFA is good, investments/investment management is (or should be) a tiny part of the value they add (given that is has been commoditised for at least a decade?)

And the majority of the value for the thousands per year paid is?

Probably worth clarifying the type of client. The value add for someone starting an ISA at 30 (can an adviser realistically add value, questionable) is very different to someone with complex needs planning for retirement. 
For those with the time, confidence, knowledge and desire, DIY is an option. For others that are lacking in one or more of these areas paying someone to help might be preferable.
For example, I would estimate 10% of the time/value on a typical retirement planning exercise is spent discussing/implementing investment solutions.

Might be useful for many here to understand where the other 90% value comes from: areas and typical percent.  Maybe you could share examples?
Might make some aware of areas they could usefully call upon an IFA - this forum is clearly very focussed on retirement alone, and being MSE, on lowering costs!