Named as a Trustee in a will

[SunnySailor]

I was named as Trustee in a family member's will, I believe it is a discretionary trust They have left £20k to several children which can only be accessed when they reach the age of 23. Anyone know where I start with investing this money? I contacted a couple of IFAs but they never responded. I'm conscious that it's not a huge amount to invest so they probably aren't interested. The oldest of the children is a young teen so it will be invested for a good muber of years. Was an IFA the right person to approach? Any advice very gratefully received as I haven't a clue where to start and just seem to be going around in circles with all the information I come across online. Thank you.

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For under 100k, an IFA is not going to be particularly interested, or they will charge an unsupportable percentage. One option would be to look at a managed fund that the trust can invest in directly. Something like https://www.avivainvestors.com/en-gb/capabilities/multi-asset-macro/multi-asset-fund-ranges/maf-core/. For a time frame over 10 years, I would not be too risk averse - equities outperform bonds over the long term in most instances.

Thank you @Hereward1332, that was my thinking about IFAs. I'll most definitely look further into the link you've added :)