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When it comes to investing low cost market trackers have been proven to best for most people.
As long as you drip in its fine. Taking the lumps and bumps along the way. -
Depending on your level of investment almost not worth the advisor..
An option would be to open an Isa with nutmeg or hardware Lansdowne and pick a model portfolio based on risk.Other Options are to put into either companies or funds with certain themes.
Themes might be mid cap, European companies, health, technology, emerging markets. The latter being higher risk but higher reward.
Under the funds option you have the tracker funds (etfs) that vanguard and ishares do that are lower cost which is management fees.
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Anything with the above sound unusual?
No not really. As above you could skip the advisor completely.
Have a chat though and yes interrogate the cut he cuts and the fees you’ll pay on whatever the ISA funds are invested in.
As an experiment you could split the isa allowance 50/50 and open a VG or Nitmeg and see how the advised service compares to the self selected over the mid term.
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wildwest
PQR
Howard
@J0nathan
I have some cash that’s devaluing and have decided to set aside three month’s income as our emrgency fund, then split the remainder in half - 50% on home improvements and invest the other 50%. An advisor is encouraging me to take a stocks and shares ISA, on which he will consult with me on an agreed risk level in advance. I’ve asked that we discuss the management fee at the same time so I understand how we both make money out of it. Anything with the above sound unusual?