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IFA vs DIY
Comments
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That sort of DIY long term compounding with low costs and little effort is why I'm dubious about the utility of IFAs when it comes to investment returns.
I am dealing with a new client at present who has had a pension sat in a deposit fund for the last 15 years on a DIY basis. That would not have been the case had an IFA been involved 15 years ago.
IFAs are primarily about suitability. DIY is not an automatic route to success.
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.1 -
As I said there are reasons to employ an IFA and DIY is not a panacea. Your client would have been better off with an IFA or maybe even more better off with a simple DIY 60/40 tracker strategy.
And so we beat on, boats against the current, borne back ceaselessly into the past.0
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