Search found 2 matches

by jimshort
Sun Jan 13, 2008 3:18 am
Forum: Legal, Visa, Finances & Employment
Topic: Financial Advisor
Replies: 29
Views: 3490

i forgot to mention that you normally authorize the fund manager to withdraw funds directly from your bank account using the usual application forms. as has been rightly said, if that fund manager is in the isle of man, then they are strictly regulated by uk finance laws.
by jimshort
Sun Jan 13, 2008 3:14 am
Forum: Legal, Visa, Finances & Employment
Topic: Financial Advisor
Replies: 29
Views: 3490

Normally in this case you sign up with the fund manager directly, but your IFA takes commission due to the signing which is all well and good for them. You authorize your IFA to issue fund switching instructions to the fund manager on your behalf. The IFA does not have the power to withdraw from the...