If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)

Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Independent Financial Planning and Advice - Room for the little guy?

pocketdooz · 2009-05-17 16:02:34

After living in New York for a few years and now being home for nearly two years - I've noticed a real lack of independent financial advisers. It seems (and correct me if I'm wrong here) that the industry is dominated by the big banks and maybe life insurance companies. Also, there is a lack of online trading platforms…

17-05-2009 4:02pm

#1

pocketdooz

Registered Users, Registered Users 2 Posts: 1,559 ✭✭✭

Join Date: February 2008

Posts: 1491

After living in New York for a few years and now being home for nearly two years - I've noticed a real lack of independent financial advisers. It seems (and correct me if I'm wrong here) that the industry is dominated by the big banks and maybe life insurance companies. Also, there is a lack of online trading platforms here. Unlike in the U.S. and elsewhere there aren't online trading sites like Schwab and Ameritrade - I know you can open an international E-Trade account or Internaxx (sp?) but why do AIB, Bank of Ireland etc charge so much and have such a crap service.

Is there room / market / potential to set up an independent financial advisory firm in Dublin. And if so how would you market it? What would people require from a financial advisor? CFA's etc?

Thanks

0

Comments

#2 18-05-2009 4:37pm

byrne0f56789

Closed Accounts Posts: 201 ✭✭

Join Date: November 2008

Posts: 196

I think people in Ireland got a major wake up call and are starting to think more about their investments. I don't know about the requirements from the Financial regulator. I think a strong web presence is key. Build a mailing list are work from there.

0