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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
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.
Structure your investment to meet your broader life goals, you can’t take it with you!
Invest in good and professional financial. Good financial planning should pay for itself.
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:
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