fiancial adviser

Pyewacket1

Callistemon21

An IFA will continue to take commission for ever.

Unless you have policies pre-dating 2012 then they don’t take commissions.

If you’re paying ongoing advice fees you should be having at least annual reviews.

If you’re not having the reviews, switch off the fees.

A good, reputable adviser won’t allow you to pay ongoing fees if they’re not seeing you;

I have switched off the fees for clients who can’t find the time to see me because I don’t want to be paid for a service I’m not delivering!.

These were pre-2012
When the IFA gave up his business another IFA took them over and took the % monthly commission - but we were never told.
We only found out when we claimed for misselling of mortgage endowment policies.

I haven't used a financial advisor - tied or independent - for about 25 years and I manage my own money. It meant I had to do some reading but I'm happy with that. Of course I've made the occasional mistake but no FA is going to get it right all of the time in my opinion.

Pyewacket1, are you able to say where you are based? I will be looking to invest on behalf of my Mum when her house is sold and the FA I consulted about my Mum's care fees was not my cup of tea so I walked away.

icanhandthemback

*Pyewacket1*, are you able to say where you are based? I will be looking to invest on behalf of my Mum when her house is sold and the FA I consulted about my Mum's care fees was not my cup of tea so I walked away.

I'm based in the north east (County Durham) although I have clients in other parts of England.

I'm always happy to chat, either face-to-face, on the telephone, or on Zoom and, if it's easier for anyone, recommend advisers in other parts of the country who have the same, or similar, credentials.

Please feel free to PM me and I'll give you my contact information and relevant information so you can find out more about me.

Thank you Pyewacket1, I certainly will as soon as I know I am likely to need. you.

My husband used to be an Independent Financial Adviser [IFA]. He NEVER had to advertise as it was all based on existing clients' referrals. We sold the business 5 years ago and he is now retired.
Please be careful who you consult - there are an awful lot of unscrupulous advisers out there.

Do you know anyone who already uses an IFA? A personal recommendation is a good thing.

However, be wary of 'advisers' connected to your bank or similar. They only have a very limited amount of products to advise you about - those that their own financial institution provides. [eg Lloyds, Santander etc] and they will be very keen to earn commission from you!

An 'independent' adviser is just that - with access to a whole range of companies and products.

And please note that you legally should be informed of how much money any adviser will receive from selling you a product.

Good luck - please don't be taken advantage of.