IFA

wmb194

https://forums.moneysavingexpert.com/discussion/6683929/ifa

Last year you had a similar thread:

https://forums.moneysavingexpert.com/discussion/6635017/stocks-and-shares-ia

Ayr_Rage

Depending on the number of investments held you'll need to factor in selling costs too.

I'd have thought a portfolio invested for someone of your age would've been focused on income rather than growth.

Whatever you do, don't sell and move outside an ISA!

dunstonh

my IFA (who is also my son) decided that he no longer wants anything to do with me, do not know why, but in September 2025 he stopped managing my portfolio, which is with Quilter,

he did not inform me that he was going to do this, and I only found out this week, when I realised that there wa no advisor fees coming out.

That's not strictly true, is it, based on your October 20, 2025 thread?

Based on that thread, it seems your son correctly ended the ongoing service because the relationship was unworkable. Based on that other thread, you appear to have been fully aware of this.

I started a more detailed reply but deleted it because you seem to have completely ignored last year's thread content. Why should we waste our time now?

Ayr_Rage

Well spotted @wmb194 and @dunstonh !

I went back and had a look too, my advice on that topic still stands.

@begbeer you've had a whole year to get it sorted, what has stopped you?

la531983

As an aside, if your son is no longer talking to you, maybe you wish to address this in your will.

If you do choose to disinherit a child you may want to get a will properly drawn up by a solicitor so it isnt left open to a legal challenge, especially if you have other children

luci

https://forums.moneysavingexpert.com/discussion/comment/82142857#Comment_82142857

As long as the OP is in England, they can disinherit a child. In Scotland you cannot do that.

I think the OP said that his son is an only child.

Enzo_L

https://forums.moneysavingexpert.com/discussion/comment/82142864#Comment_82142864

You can disinherit an adult child if you are domiciled in England, Wales or Northern Ireland, unless, putting it simply, the child is financially dependent on you at the time of your death, such as a disabled adult child who you are financially maintaining.

A Letter of Wishes should be prepared and kept with the will explicitly setting out that the testator isn't leaving anything to the child, that this is a deliberate decision, and giving the reasons for it. Some professionally drawn wills might also contain a clause in the will naming the child but a Letter of Wishes does the job perfectly well, and you can update it if necessary without having to have the will redrawn and executed.

The Letter of Wishes helps to head off any legal challenges to the Will making a claim on the estate after the testator's death.

poseidon1

Wow, this thread has rapidly progressed from the mechanics of moving an 'orphaned' ISA to disinheriting an only son.

Must confess I didn't see that coming or how that is a relevant response to this OPs post.

la531983

https://forums.moneysavingexpert.com/discussion/comment/82142905#Comment_82142905

Well clearly he/she needs to get his/her affairs in order, I was merely adding something else onto the potential to-do list.

poseidon1

https://forums.moneysavingexpert.com/discussion/comment/82142917#Comment_82142917

Well maybe its just me, but my first instinct would be to make extreme efforts to find out if there is a good reason for the son's non communication ( illness, mental breakdown, etc) , before moving to the nuclear option of disinheriting him. Not clear why that possible course of action was not on the 'to do list'.