Postby SuperSpurs106 » Wed Jun 15, 2022 3:47 pm
Hi
I am an IFA (although I specialise in an area that doesn’t lend itself to your situation).
I would recommend that you engage an IFA if you are not well versed in pensions, investments etc. A good IFA will, like a good accountant, ensure that you were using all of your tax allowances correctly and save you money in the long run.
The issue you may have is that lots of firms charge by taking a % of the assets they manage for you and if you don’t have much saved up/invested (yet) you may not be able to access a large part of the market.
However, if there’s an adviser on your local high street it might be worth calling in to have a chat.
Charging-wise, this tends to be two or three-pronged. There’ll a an adviser charge, charges on any funds that you invest in and platform/product charges for where your investments are held. Anything over 2% all in I would say is expensive. Between 1.5% and 2% feels reasonable.
Hope this helps.