CITY VIEWS: DO YOU USE INDEPENDENT FINANCIAL ADVISERS OR DO YOU LOOK AFTER YOUR OWN FINANCES?
DAVID ATCHESON GLOBAL TRADING
“The problem is that people have lost trust in IFAs. They’ve made irresponsible investments where they shouldn’t have. Both companies and individuals have lost out because of bad decisions, and people now don’t know who to trust.”
JEREMY DAVIES WILLIAM MARTIN ENERGY
“I don’t use a financial adviser. I think there are adequate resources to make financial decisions yourself. I like to do my own research. IFA’s take high risks, which is why investors end up in trouble.”
ANDREW MCINTOSH BANK OF NEW YORK MELLON
“I have used financial advisers in the past, but they’ve made bad investments. I don’t need to use one right now, but would go to an IFA again. I would do a lot of independent research as well, though, and would not entirely rely on them.”