Looking to set up a regular investment fund for my kids - worth paying a financial advisor or DIY?

cicinicc

New Member
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Hi there! Sorry I’m new here and am fairly financially illiterate. After some basic research I understand it’s best to invest. I am budgeting approx €200 per child per month to put away for their future. My time is scarce at the minute with the small kids, so I was looking at whether it’s worth paying a financial advisor (eg Prosperous etc) to set up a fund? Or do people go direct to eg Zurich? How would you even compare the funds? I feel clueless about it all so would really really appreciate any guidance people might have!
 
Setting up a bare trust structure is complex. Life companies won't do it on an execution only basis, you have to use an advisor. That may be the Zurich Life direct sales team or it could be a standane advisor. You won't have the option of doing it yourself.
 
What is your saving time frame?

If over ten years, and assuming mortgages and pensions are sorted, then the general consensus would be to put the 200 pm into a 100% equities well-diversified fund.