Investing in Global Trackers and other similar investments

cloud_dog

@DoneWorking have you looked on the internet to find some investment/pension risk profile sites?  A number of the investment/pension providers have them, and whilst they may be fairly simplistic it may help you (and others) to understand where you sit on the risk scales, your tolerance of risk based on where you are and what you are looking to achieve, e.g. wealth preservation.

https://www.royallondon.com/pensions/retirement-planning-tools/risk-profiler/

https://www.standardlife.co.uk/investments/tools/investment-risk

https://www.fidelity.co.uk/funds/risk-calculator-tool/

cloud_dog

eskbanker said:

dunstonh said:
IFAs are independent and have no restrictions and can !!!!!! from the whole of market.

You can't beat a good !!!!!! from the whole of the market.... 

I should be working, but I'm stuck trying to figure out the missing word 

goldieandblackie

Also look at Vanguard for investments, they have some of the lowest charges.

dunstonh

One of the IFAs I have been in touch with says he is definitely an IFA 
He said he would use the Transact Platform for my investment arrangements
He says this would be suitable for me.
I asked if it was ok for funds under £600k and he assured me it was.

Transact is a very good platform.   Its priced more competitively for larger amounts than smaller amounts.   Service and software is at the top end.  It doesn't suffer issues that you tend to find at the budget end.

You can't beat a good !!!!!! from the whole of the market.... 

The MSE filter can be weird sometimes. 

Alistair31

DoneWorking said:

dunstonh said:

DoneWorking said:

dunstonh said:

DoneWorking said:

On seeking an IFA to help me set up my investments options some one I know well has recommended a small IFA Company

The IFA Company are an appointed representative of Quilter Financial Ltd

Anyone know if this is a good set up and if Quilter have a good reputation in investments

Quilter are FAs.  Not IFAs.   Quilter network uses Quilter reps selling Quilter investments on the Quilter platform.  Depending on how much the FA has decided to restrict, they may have access to a small panel of non-quilter funds).

Thanks

I won't be using this IFA

They are not an IFA.
You have FAs and you have IFAs.   FAs have restrictions on their services. Sometimes limited restrictions but usually the restrictions are tied to a single product provider or a single platform and DFM.  IFAs are independent and have no restrictions and can !!!!!! from the whole of market.

Quite a few of the ones you have named previously have been FAs

One of the IFAs I have been in touch with says he is definitely an IFA 
He said he would use the Transact Platform for my investment arrangements

He says this would be suitable for me.
I asked if it was ok for funds under £600k and he assured me it was.
 
He said Transact is a very reliable, financially strong investment platform and are one of their recommended platform providers.
They regularly carry out due diligence on them to ensure they remain appropriate for their clients needs.

The shopping basket may be sound but it’s what you put inside it that matters. What is said IFA advising? 

eskbanker

dunstonh said:

You can't beat a good !!!!!! from the whole of the market....

The MSE filter can be weird sometimes. 

Indeed - out of interest, can you remember what the offending word was?

Perhaps the filter was worn out after too many accusations from the less enlightened on some threads that IFAs are a bunch of money-grabbing !!!!!!s....

dunstonh

eskbanker said:

dunstonh said:

You can't beat a good !!!!!! from the whole of the market....

The MSE filter can be weird sometimes. 

Indeed - out of interest, can you remember what the offending word was?

Perhaps the filter was worn out after too many accusations from the less enlightened on some threads that IFAs are a bunch of money-grabbing !!!!!!s....

I am not sure what I typed.  Looking at it, "advise" would be the logical word but the filter isn't removing that.   I may have misspelt it but not sure what variation could lead to a filter.

Malthusian

Pick from the whole of the market -> word that has an extra "r".

What do I win?

DoneWorking

Alistair31 said:

DoneWorking said:

dunstonh said:

DoneWorking said:

dunstonh said:

DoneWorking said:

On seeking an IFA to help me set up my investments options some one I know well has recommended a small IFA Company

The IFA Company are an appointed representative of Quilter Financial Ltd

Anyone know if this is a good set up and if Quilter have a good reputation in investments

Quilter are FAs.  Not IFAs.   Quilter network uses Quilter reps selling Quilter investments on the Quilter platform.  Depending on how much the FA has decided to restrict, they may have access to a small panel of non-quilter funds).

Thanks

I won't be using this IFA

They are not an IFA.
You have FAs and you have IFAs.   FAs have restrictions on their services. Sometimes limited restrictions but usually the restrictions are tied to a single product provider or a single platform and DFM.  IFAs are independent and have no restrictions and can !!!!!! from the whole of market.

Quite a few of the ones you have named previously have been FAs

One of the IFAs I have been in touch with says he is definitely an IFA 
He said he would use the Transact Platform for my investment arrangements

He says this would be suitable for me.
I asked if it was ok for funds under £600k and he assured me it was.
 
He said Transact is a very reliable, financially strong investment platform and are one of their recommended platform providers.
They regularly carry out due diligence on them to ensure they remain appropriate for their clients needs.

The shopping basket may be sound but it’s what you put inside it that matters. What is said IFA advising? 

At this stage he has not put togeather the proposals

The investment will initially be into a Unit Trust  and then  moved annually to the same funds in ISAs to ensure they are tax efficient investments.

They will prepare the initial recommendations at their own expense; a fee won’t become payable until and unless I decide to proceed with their proposals.

Costs seem fair to me

1% for initial guidance

O.5% Ongoing

Platform and other costs will be 0.7%

Making an overall cost of
1.2 % pa

I have been advised that I should keep the investment going for  at least five years but hopefully longer

The investments will be ESG

He has said there will be volatility

bostonerimus

FYI you could save 80% of that fee if you just did some reading and went with a simple multi-asset fund from one of the major providers. Opening a GIA and then transferring to an ISA over a number of years is simple and you don't need anything complicated for your portfolio. Have you read and understood this yet? It will provide you with a foundation for whatever path you take.
https://www.bogleheads.org/wiki/Investing_from_the_UK