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Financial Advisors

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  • 20-12-2005 6:32pm
    #1
    MichelRichmont
    Closed Accounts Posts: 26 ✭


    Can someone recommend a good financial advisor?
    I just found out that my Mum put >€100k in a fund averaging 3% thats closed for three years - she would have got better in Rabo, with instant access.
    The Advisor is not in the wrong in any way, but his advice has been very mediocre( I think he generally deals with risk averse older women who know nothing about finance). He is fully registered with IFSRA so there is nothing I can really do

    I'd just like someone who could give her more up to the minute advice that could help her make her money work a bit harder.

    Thanks

    Michel Richmnt


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    #2
    midget lord
    Closed Accounts Posts: 956 ✭✭✭midget lord


    if you still wanna make a complaint then have a look here http://www.ifsra.ie/frame_main.asp?pg=%2Fconsumer%2Fcr%5Fwtc%5Fintr%2Easp&nv=%2Fconsumer%2Fcr_nav.asp. There is a downloadable .pdf there to start the complaints procedure. Did he even ask your Mother about her attitude to risk? This is one of the basic parts of a general fact find and if he didnt then you a perfectly entitled to make a complaint.


  • Options
    #3
    CCOVICH
    Closed Accounts Posts: 240 ✭✭CCOVICH


    Has the fund merely underperformed or has the advisor missold your mother an unsuitable product?


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    #4
    irishunion.com
    Closed Accounts Posts: 34 ✭irishunion.com


    MichelRichmont wrote:
    Can someone recommend a good financial advisor?
    I just found out that my Mum put >€100k in a fund averaging 3% thats closed for three years - she would have got better in Rabo, with instant access.
    The Advisor is not in the wrong in any way, but his advice has been very mediocre( I think he generally deals with risk averse older women who know nothing about finance). He is fully registered with IFSRA so there is nothing I can really do

    I'd just like someone who could give her more up to the minute advice that could help her make her money work a bit harder.

    Thanks

    Michel Richmnt


    Why not invest in Foreign property!? EU states or Bulgaria/Romania but not Turkey


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    #5
    RainyDay
    Closed Accounts Posts: 6,925 ✭✭✭RainyDay


    irishunion.com wrote:
    Why not invest in Foreign property!? EU states or Bulgaria/Romania but not Turkey
    Would you care to advise the OP on the tax/legal/currency/economic/risk issues involved in your recommendation?

    Do you have any commercial interest in foreign property investments?


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