Do I Still need a Financial Advisor

DigSunPap

The need for a financial advisor really depends on your comfort level and financial knowledge. If you feel confident in handling your finances independently, you probably don't need to continue paying for a financial advisor's services. However, if you really feel as if you need guidance or have complex financial needs, then maybe it would make sense to get one. I would suggest to evaluate your financial goals, risk tolerance, and the complexity of your investments and then make an informed decision.

keithtoon

thank you for your input guys.
I have bottled it and staying with my F.A.
Happy Christmas All.
Kg

dunstonh

I have bottled it and staying with my F.A.

If you are going to stay using an adviser then at least make sures it is an IFA and not an FA.

ConsulinhoGaucho

Interesting related reading (Conflicted Financial Advisors: Restricted Advisors & Their Disclaimers (look up weekend reading Banker On Wheels on google)

Aminatidi

keithtoon said:

thank you for your input guys.
I have bottled it and staying with my F.A.
Happy Christmas All.
Kg

Out of curiosity when you say "bottled it" what were your concerns that led you to stay with your advisor?

Do you think you're getting value for moneys worth or is it concerns around taking on the responsibility yourself or a bit of a mix?

keithtoon

Aminatidi said:

keithtoon said:

thank you for your input guys.
I have bottled it and staying with my F.A.
Happy Christmas All.
Kg

Out of curiosity when you say "bottled it" what were your concerns that led you to stay with your advisor?

Do you think you're getting value for moneys worth or is it concerns around taking on the responsibility yourself or a bit of a mix?

Hi,
I have known my financial adviser over 40 odd years and thinking about it, over the costing versus the money, i have invested he has done me proud. 
So sorry if I wasted your time guys but thought it was worth the question.
Ironically last week he phoned me for a catch-up, he is not one of you guys? LoL

keithtoon

dunstonh said:

I have bottled it and staying with my F.A.

If you are going to stay using an adviser then at least make sures it is an IFA and not an FA.

Yes IFA,
Thank you

eskbanker

keithtoon said:

Happy Christmas All.

IFAs will obviously encourage planning for the future, but early November seems a tad premature for festive greetings!