Quilter Cheviot

Jimmithecat

Does anyone have any view on this - risk level 3 or 4?

General_Grant

Is that what QC are asking you to decide so they can take into account when suggesting investments?

Jimmithecat

Yes they have been recommended by a financial advisor and that’s the risk level they were suggesting to play it safe

masonic

Well nobody here is going to know enough about your personal circumstances and attitude to risk to have a view on which risk level is most appropriate for you.

Alexland

My choice would be to avoid an expensive DFM especially if they have done such a bad job with helping that you end up asking us.

eskbanker

Jimmithecat said:

Yes they have been recommended by a financial advisor and that’s the risk level they were suggesting to play it safe

As above, there really isn't enough for anyone on here to go on, but if you're engaging with advisers then they should be taking you through a structured assessment to identify your objectives, timescales, risk tolerance, etc, and then proposing ways to achieve these, rather than a finger-in-the-air "play it safe", and if they're unable to explain their recommendations in a way that you can understand and agree with, then seeking input from some random strangers who have practically zero visibility of your circumstances really isn't a sensible approach!

Jimmithecat

Thanks all - fair enough - I was just wondering if anyone had any opinion on QC that’s all.

NottinghamKnight

Jimmithecat said:

Thanks all - fair enough - I was just wondering if anyone had any opinion on QC that’s all.

Very expensive and apparently not very good (on the basis that they can't seem to do half their job which is assessing your risk tolerance).

masonic

The high charges are a concern for anyone, but at your level of risk the total returns you can expect will be relatively low. You might find QC makes more on your investment than you do, while your capital fails to keep pace with inflation as a result.

Alexland

Jimmithecat said:

I was just wondering if anyone had any opinion on QC that’s all.

As you can see we all have a pretty low opinion of wealth managers on this forum. They seem to have no redeeming qualities above better options. If you are not confident with low cost DIY investing then try finding a local IFA who will likely provide a better service at a lower cost by searching adviserbook.co.uk and filtering the results, just over half way down on the left hand side, by selecting "confirmed independent".

dunstonh

The financial adviser is responsible for discussing and agreeing on the risk profile with you.  That is part of what you are paying for.  The DFM then follows this.  So, you appear to be paying for something you are not getting.
Quilter have a salesforce.  own FAs, own platform, own investments.     You should never use FAs.    It should either be IFA or DIY.