Finding an IFA

[Caddyshack]

Car bon said:

gifdy said:

However, It sounds like finding the right person is going to be a nightmare, and could end up costing a lot. I think I’ll try to focus on the pension part and sort/decide that one first myself.

It shouldn't cost you anything more than your time. There have to be good IFA's out there - I just gave up before finding one

It's a bit like estate agents, it's easy to be negative & they get a particularly hard time on places like this which are typically frequented by those with more than average knowledge - which may or may not be a good thing,

If you can convert all fees & other payments to a £ number - and can see value in that, then do it. Conversely, if you can't or don't, then don't do it.

Educate yourself as best you can first, then ask questions like those already raised - eg can I do better than a cheap index tracker ? etc. and is that still true net of all fees ? etc. How long is the advice likely to be good for ? Do you really need an ongoing relationship or should you just come back in 10 years ? Constant fiddling is usually not a good thing - there was an old anecdote that the best performing portfolios were those of dead clients..... as they just left them alone.

Yes, it’s just an interview process and if you work on recommendations then that should narrow it down.