To the best of my knowledge there are nearly no 'independent' advisors operating in Ireland. Others in the game here can probably explain why that is. The only one I know of is Paddy Delany at Informed Decisions. You should be prepared a pay a fee several multiples of the one you were charged however. Paddy has an excellent podcast though, where he freely shares information, it's a terrific resource and one I highly recommend. For the record, I don't use his services, nor have I any other link to him.I needed some advice re managing financially after retiring.The "independent" advisor charged me a hefty sum for tick boxed information I submitted to him, because I didn't sign up to a policy he recommended for which I learnt he was a broker.How does one know how to find real independence? The sign off from many on the media is "seek advice from an independent advisor". I'm pulling my hair out.
To the best of my knowledge there are nearly no 'independent' advisors operating in Ireland.
Seems contradictory?The only one I know of is Paddy Delany at Informed Decisions.
The "independent" advisor charged me a hefty sum
Charged 150€
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Including yourself?There's no such thing as a truly independent financial advisor.
It's a myth.
Every one I know or have come across has a bias towards a product, provider, platform, thinking it's the best solution in all scenarios.
Gerard
www.prsa.ie
Including yourself?
Did you tell them that you once worked in the UK?Got me to fill in questionnaire on income and outgoings, expenses, any loans etc.
Charged 150€
I had worked in UK, didn't even suss whether I might be eligible to a uk pension.
You're far too modest Gerard. And I mean that seriously. Ditto btw for @LDFergusonAbsolutely!
Few financial advisors will have much experience of or expertise in UK pension eligibility. Chartered Accountant Frank Buckley of USP Financial is one person who happens to have both. https://www.uspfinancial.ie/uk-state-pension/Got me to fill in questionnaire on income and outgoings, expenses, any loans etc.
Charged 150€
I had worked in UK, didn't even suss whether I might be eligible to a uk pension.
So the person advising you on managing financially after retirement charged you the ‘hefty sum’ of €150.Got me to fill in questionnaire on income and outgoings, expenses, any loans etc.
Charged 150€
I had worked in UK, didn't even suss whether I might be eligible to a uk pension.
The price of a woman’s hairdo basically.
Lord, index link that over a few years and you are really in trouble!I pay €16 for mine and am thinking of changing my barber.
It was the lack of quality and bias of the advice that made the cost unacceptable.Most of what he fed back was filled in info from a format questionnaire,and I suspect he used a formula to come up with a a sum that we should invest in a pension product.So the person advising you on managing financially after retirement charged you the ‘hefty sum’ of €150.
The price of a woman’s hairdo basically.
What wouldn’t have been a ‘hefty sum’?
€40? €5? €83?
Dublin has ruined me, I saw €16 and my first thought was that's very reasonableI pay €16 for mine and am thinking of changing my barber.
That's not necessarily a problem.I suspect he used a formula to come up with a a sum that we should invest in a pension product.
I have a hunch there may be a bias towards PRSAs....Including yourself?
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