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Shroders Personal Wealth - any experience?

3 replies

rainydays1234 · 25/11/2023 08:06

I have a meeting with an advisor from Shroders Personal Wealth coming up, and I'm interested to know if anyone has dealt with them before.

They are part of Scottish Widows, which is part of Lloyds banking group.

I realised I qualified for an appointment with them due to my salary, savings and pension amounting to a healthyish amount.

I'm keen to start talking about my money a bit more proactively so I can make sensible decisions for the future.

I haven't started investing yet- despite wanting to for a while. I'm extremely time poor so I'm debating opening a stocks and shares Isa with my bank so I can easily see everything on one app versus opening a vanguard one if that's better for example.

I also don't know if I should put £10k into one straight away. Or keep that money in savings and just invest a monthly amount and let it build up.

I guess doing anything is better than nothing which I'm currently doing.

I also have several old pensions needing tracking down etc.

Anyway I thought it would be worth having a conversation with a wealth advisor in any case- and hopefully not leave more paralysed by indecision than I was at the beginning

OP posts:
sorrynotathome · 25/11/2023 08:10

The adviser will only be able to advise you to an extent. An independent financial adviser is obliged to provide the best advice for you across the whole range of options. A tied adviser like this will offer Scottish Widows/Lloyds products, which may not bring the best returns, however they must be appropriate for your circumstances and attitude towards risk.

Applesaarenttheonlyfruit · 27/11/2023 19:30

Go to an IFA too. compare costs and don't believe the baloney about 'we actively manage your investments to get the best returns'

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