Should I stay with current IFA or jump ship?

Ibrahim5

The truth is that there is very little difference between an IFA and a FA. They all have similar portfolios and IFAs can charge whatever they want so their charges will often be similar. People have used St James Place and similar for years and are very happy with the outcomes.

fjh

Ibrahim5 said:

The truth is that there is very little difference between an IFA and a FA. They all have similar portfolios and IFAs can charge whatever they want so their charges will often be similar. People have used St James Place and similar for years and are very happy with the outcomes.

Pretty certain the 'main' difference is one is Independent and one is not .

Ibrahim5

SJP will have a range of portfolios covering most requirements. The returns will on average be quite a bit more than the fees which keeps most punters who require financial advice happy. Wouldn't keep me happy because I just like the returns without fees removed.

ali_bear

Every time SJP is mentioned I think of Sarah Jessica Parker. This is not a compliment. 

Bostonerimus1

Hmm a zombie thread largely negative about Fisher Investments is resurrected by a first time poster with a glowing Fisher recommendation. Call me cynical but I smell an agenda.

What are the fees of Fisher? dunstonh estimates they could be 1.5% - ouch!

FYI "BobGray" I'm almost 90% global equities and have seen similar returns to you and pay 0.07% in fees. I do no management. The test of a plan is when markets are performing poorly and with Fisher you might end up paying high fees for very poor returns over the next few years...at least when I lose money I'm not paying much for the privilege. I remain convinced that, at best, Fisher are an expensive advisory firm selling average funds and common place advice and strategies. Just listen to the founder Ken Fisher on YT - he gives off a used car salesman vibe to me.