Originally posted by Fred Bloggs
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The IFA will carry out a full risk assessment, the first step being is there the remotest chance that you could end up worse off and sue them for miss-selling. The second step is can they milk you for an annual fee to check your investments are on course? As you have already stated you want to transfer to a SIPP the answers are going to be 1.Yes, 2.No Step 3 is will I (the advisor) still get a fee when I advise against it? 3.Yes - That will be £3,000 pounds please, leave it where it is.
Of course you may find an IFA that has your best interests at heart. He'll be next to the IT Recruiter who cuts his margins to the bone and wades through 100's of CV's to find just the right candidate.
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