We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has my IFA been a little bit lazy.
Options
Comments
-
It was me that asked whether it was an IFA as it seemed more typical of a tied agent than someone skilled in putting together a portfolio. I'm quite surprised dunstonh doesn't think a complaint would get far, disappointed too as a consumer. If you'd gone down the local boozer and someone had suggested this as a cautious approach - fair enough, you got value for money as it was free. How much did you pay the IFA or how much was their commission? Wouldn't take a lot of research or graft to come up with a cautious managed and a property fund as a cautious spread, so was that value for money? Not on yer nelly IMO.
As they're a large IFA co I'd have thought they'd have some standard portfolios linked to risk, if for no other reason than compliance.
You asked if the funds were OK earlier.
AXA Property [assuming this is the one] is HERE. Has underperformed both its sector and it's benchmark, if the bond was AXA maybe that was the only property fund available but it doesn't look anything special to moi.
IP Distribution [UT version] is HERE. Excellent Manager and good performance for the sector but as far as I can see totally invested in the UK.
So you've got UK property, UK shares and as far as I know UK bonds. I think that's rather all in one economy basket for my liking. Whilst I don't think for cautious you'd go OTT on the rest of the world, not having anything outside the UK seems rather a big [and less than cautious] bet on UK PLC.
All in my inexpert 'umble opinion, of course.0 -
I'm quite surprised dunstonh doesn't think a complaint would get far
They would look at the risk of the investments to see if they match. Its much harder to get "low quality" research upheld. Not impossible and maybe if its really heavily weighted into property you could. Bet they took full initial commission too.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.0 -
would the paper work tell you how much commision they took in £s or ill it say %of a %of a third of a zonk x2 -85% of a plug socket
i will have a look and get back thanks for the advise:cool: hard as nails on the internet . wimp in the real world :cool:0 -
Commission is disclosed so you will be able to tell.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.0
-
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.8K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards