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financial advisers charges

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  • dunstonh
    dunstonh Posts: 119,702 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    edited 8 August 2024 at 1:41PM
    Less than a year into our recent S&S ISAs, the IFA firm was taken over by some other outfit, who sent a different "adviser" along, who essentially rubbished the solution provided by his predecessor, and proposed we abandon it all and let him put it into Discretionary Managed Funds. We dispensed with their services, and the S&S ISAs continue to perform quite well with just the platform fees.
    Hi,
    nothing to do with commission or kickback, of course.

    Which would be unlawful. So, no.   Unless you have evidence to the contrary.

    ess than a year into our recent S&S ISAs, the IFA firm was taken over by some other outfit, who sent a different "adviser" along, who essentially rubbished the solution provided by his predecessor, and proposed we abandon it all and let him put it into Discretionary Managed Funds. 
    Unfortunately, some firms are being eaten up by wealth management firms (most of whom are not IFAs).  If that happens, it's best to seek your own adviser and not the one from the new company.  Although you could consider them and eliminate them. Especially if they are FAs rather than IFA.



    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.
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