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70K to invest

kimfarren · 2008-06-04 19:19:46

Ive been advised to put 41K into F&C Multi Manager Distribution Fund. 7K into Fidelity Special Situations and 7K into JP Mogan Natural Resources plus my hubby and myself to invest the £7200 each into this years ISA. I plan to leave it for 10 years. Each year money will be taken from these investments and put into the ISA…

Comments

dunstonh Posts: 120,179 Forumite

5 June 2008 at 8:55PM

Say the typical NMA IFA charging model is used of 1% plus the natural 0.5% trail. A cap as you appear to know is a maximum that 1% can be. A collar, as Aegis confirms, is a minimum amount.

So, you may see a charging structure that is 1% plus 0.5%p.a. with a maximum of £2000 and a minimum of £500.

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.

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