Independent Financial Advisor

For money that has to be put into a Trust so a low rate of interest if just put into a bank, what amount would people consider worthwhile to get one?
Let's Be Careful Out There

Comments

  • Albermarle
    Albermarle Posts: 27,023 Forumite
    10,000 Posts Sixth Anniversary Name Dropper
    Not enough info.
    If all you want to do is set up a trust and associated bank account, then it is normally a solicitor that is needed.
  • MX5huggy
    MX5huggy Posts: 7,120 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    £100k plus. If you can set up the trust without an IFA but invest in stocks and shares (probably in funds) then I would be doing that, the issue is that you probably have to show that you are investing in a sensible way and the use of an IFA does that. 

    If you had £500k and put it in a global tracker, for a child that had suffered a medical negligence case and this was the settlement you may be concerned that that is too high risk even if your looking at a 50 year horizon. 
  • HillStreetBlues
    HillStreetBlues Posts: 5,544 Forumite
    1,000 Posts Third Anniversary Homepage Hero Photogenic
    It will be a bare trust for a personal injury but currently unsure of  amount. I expect will end up at Cater Allen as so few banks now allow Trusts.
    The options would be just to take their interest rates or some sort of investment

    Let's Be Careful Out There
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