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IFA Charges
Comments
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SJP are not IFAs. Plus, SJP would be £50,000 initial charge on that.MEM62 said:
SJP by any chance?Cloud5000 said:What are people's thoughts on IFA charges of £11k initial charge then 0.75% of portfolio in annual management charges on a circa £1 Million investment? Of course fund manager fees are then on top of this.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.3 -
Depends where you are.Cloud5000 said:What are people's thoughts on IFA charges of £11k initial charge then 0.75% of portfolio in annual management charges on a circa £1 Million investment? Of course fund manager fees are then on top of this.
If in London and the South East, then those charges are to be expected, if you are elsewhere, then they are expensive.
I am an Independent Financial Adviser. Any comments I make here are intended for information / discussion only. Nothing I post here should be construed as advice. If you are looking for individual financial advice, please contact a local Independent Financial Adviser.1 -
Yeah, it's 100% not SJP prices
- They were way higher when I spoke with them. Another IFA I spoke with wanted 1% ongoing but more like 4-5k startup fees, again seemed pricey 0
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