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pennywise2

pennywise2 Posts: 222 Forumite

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9 April 2009 at 11:40PM in Savings & investments

Hi ,
After being poorly advised by financial advisors in the past , how do you regain confidence in any advice given now .
Anyone else had similar experiences or am i the only sceptic out there ?

pennywise2

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Reaper Posts: 7,283 Forumite

9 April 2009 at 11:47PM
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Get a new advisor, preferably one recommended by somebody you know. Make sure they are an IFA, not tied (i.e. not working for a bank). Ask us if you are doubtful about anything they tell you before signing.

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dunstonh Posts: 116,385 Forumite

10 April 2009 at 12:10AM
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After being poorly advised by financial advisors in the past

How far in the past?
What type of adviser?

how do you regain confidence in any advice given now

Makes sure its an IFA and not an FA and make sure the adviser service you want is offered (e.g. transaction, planning or servicing etc).

Anyone else had similar experiences or am i the only sceptic out there ?

Of course they have. This is the internet and its full of comments from unhappy people. Some justified, some not.

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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