Relying on friends or family for your financial advice rather than a professional Independent Financial Adviser (IFA) is fraught with danger for the following key reasons.

  1. The friend or family member could be breaking the law,
  2. They are unlikely to have the expertise, experience, risk profiling tools or research tools that an IFA would have,
  3. You as the investor have none of the protections of using a professional adviser,
  4. The friend or family member advising you is playing with fire and could be sued should things go wrong, and with no professional indemnity insurance could lose their home and life savings, and
  5. Using family or friends is not even necessarily any cheaper as IFA have access to cheaper products, often offsetting some or all of their advice costs.

Don't gamble with your life savings - find an IFA via or