I have been using a financial advisor (with SJP) for a couple of years. Up until then, I had buried my head in the sand, didn't have a pension and didn't understand what an ISA did.
Since then, I feel slightly better educated, but still unconfident in my decisions and understanding of these things.
Ive been looking online and the fees with SJP seem SUPER high. An initial 3.5% for the first 5 years, then an ongoing charge of 1.6%
He also mentions a charge to take out any funds before year 3.
>Vanguard have standard ongoing fees of 0.2 and 0.1%
I am planning to max out my ISA.
My FA says that (and has shown me on a graph) that SJP is out performing Vanguard, HL e.t.c and this is why it's worth paying their higher fees. However looking at the graph, yes this month they have outperformed, but not every single month.
I appreciate no-one can give me financial advice online, but if you were in my shoes, what would you do? Switch? Or is having a financial advisor worth sticking with.