IFA's expecting too much

westy69

a bit of a general Q is it too much to expect say if you had 50-100K invested for your IFA to be actively managing your funds ie advising you if/when to change funds etc, as you may have read i have had a "few" difficulties lately and pulled some money out of global property and into cash my IFA advised me to keep an eye on the figures for increases and to watch out for when to go back in :rolleyes: now i appreciate they may not look at your individual funds on a daily basis but say i had 8-10 funds could/should i expect the IFA to be keeping his eye on them or am i expecting too much?

BTW a speculative question just in case i win my complaint and get to start all over again i am trying to get some research and knowledge under my belt - once bitten and all that

purch

Yes

He is a Financial Advisor....not an Investment Advisor

If I wanted or needed, specific Investment advice, an I.F.A. may not necessarily be my first point of call

dunstonh

but say i had 8-10 funds could/should i expect the IFA to be keeping his eye on them or am i expecting too much?

You only have £50-£100k. That size portfolio isnt large enough to get very frequent monitoring unless you pay for for a servicing contract. 6 monthly to annual is fine on a portfolio of that size.

Remember that if you tinker too much you can do more damage than good. Micromanagement can miss opportunities just as easily.

If the portfolio is sector allocated and it needs rebalancing, it can often take over a year to get out of sync. Sometimes it can be a few months, sometimes it can be a few years.

meester

Funds shouldn't really need changing very often, regardless of your investment size. You are already paying the fund manager to switch between shares, which THEY will be micromanaging, the only reason to change funds is if there are fundamental changes in sector prospects, or the fund manager gets run over by a bus or something.

westy69

:beer:

thanks again