My experience, admittedly 25 years ago, was that they were "not the sharpest tools in the box" - I had come into some money & was "re-organising matters".
I spoke to 3 - 2 independent and a tied adviser "Equitable Life" a close call not going with him.
I ended up "doing my own thing" in the end.
A person I know from when he was a boy now is a director of an small IFA - I do not know how good / bad his company might be BUT I know his dad bailed him out on at least 2/3 occasions in his 20s & 30s. My feeling is that if he could not manage his own affairs how could he be trusted to advise / manage other peoples.
When his dad died it turns out that dad had taken Equity Release from his home - looks like bailing out his only child, had come at a great cost, to him & his wife.
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