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Don't let charges destroy your investment income

Barry Horner, chief executive of Bristol-based Paradigm Norton Financial Planning, offers his investment pearls of wisdom.


by Michelle McGagh on Mar 13, 2012 at 11:10

Don't let charges destroy your investment income

This Money Master Class is given by independent financial adviser Barry Horner.

Barry, chief executive of Bristol-based Paradigm Norton Financial Planning, believes investors should be wary about costs and what is worth paying for.

Here are his top tips:

Be wary of charges

Understand the initial and annual charges of your investments as charges over the long haul destroy value.

Set goals

Structure your investment to meet your broader life goals, you can’t take it with you!

Get advice

Invest in good and professional financial. Good financial planning should pay for itself.

We say:

As the City regulator is tightening up the rules that govern financial advisers, they are becoming more professional and better qualified. Financial advisers are moving on from the bad old days of being salesmen in disguise, which means you will receive a much more professional service.

A good adviser will be able to help you set financial and life goals and put a plan in place to achieve them, and arrange your financial affairs in a tax-efficient way. Barry is right, good financial advisers do pay for themselves!

Check out more Money Master Classes:

4 comments so far. Why not have your say?

Anonymous 1 needed this 'off the record'

Mar 13, 2012 at 12:43

The only Financial Adviser worth anything is a Fund Manager with a good investment record, normally a Balanced Fund with a 10 year, at least, record, the rest is blah, blah blah.....

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John Roycroft

Mar 13, 2012 at 13:24

Interesting that the chief exec of a financial planning outfit advises that people should pay for professional advice.

The manager of my local branch of Tescos advised me recently that I should always shop at large supermarkets.

I don't totally disagree with Mr Horner but there are other ways round it that do not involve going to a professional advisor e.g. the growing range of investment newsletters offered by Money Week and Motley Fool, amongst others.

If you have the time and inclination it is possible to gain a degree of expertise independently. DIY investing is a growing trend which will only increase in the next decade.

Were Mr Horner's comments really a Master Class?

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masud butt

Mar 13, 2012 at 23:49

Well done John, add Citywire.

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Mar 15, 2012 at 17:44

No wonder Mr.Horner would advise services Of FAdvisor.

I paid out a substantial amount of money in charges to

Pope & son and latterly to Brewin Dolphin to manage mi PEP/ISA

from 1993 onwards.Enormous amount.But since last 11 months

I manage myself and i notice the difference for the better.Also it is very pleasing .You read up,research,buy and sell etc etc and use platforms like

H-L with minimal charges.

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