It’s important that you choose the right Financial Advisor.
But where do you look and who can you trust? That’s where we help. Discover everything you need to know about financial advisors and how to find your local advisor.
What is a Financial Advisor?
Whether you're an individual, family or representing a company,
and this is the first time you've sought financial advice, or you
want to revaluate your existing financial plan, a Financial Advisor
will assess your current situation and help you get your finances
Why is it important to seek financial advice?
If your personal finances are not in order, both the short and
long-term consequences can be serious. A Financial Advisor will
work closely with you to help you set your financial priorities and
ensure you meet your financial goals.
What are the different types of Financial Advisor?
There are two kinds of Advisor:
Independent Financial Advisors (IFAs)
Offer impartial advice and recommend products from any provider
across theentire market, so they're obliged to offer you the best
advice for your particular financial situation. If you want advice
that specifically and genuinely relates to your personal situation,
an Independent Financial Advisor is your best bet, because they're
not tied to a particular provider's product range.
Normally operate through banks, building societies, or Financial
Advisor companies and partnerships. Restricted advisors either only
sell products from a select range of providers, or they select a
product from the whole of the market but only specialise in a
single area such as pensions.
Why use an Independent Financial Advisor? (IFA)
Independent financial advisors are highly qualified
professionals, who offer truly independent and unbiased advice on a
range of financial matters.
This means they have the training and expertise to design a
personal financial plan for you, and most importantly, keep it
up-to-date as legislation and your circumstances change. This
ensures you will receive the right advice for your personal
situation, because they research the entire market to find the best
solution for you - not just a particular provider's product
Receive the right advice for you
Independent financial advisors are committed to providing you
with guidance and advice that genuinely relates to your personal
situation. They are also required to provide current knowledge, on
an ongoing basis. To maintain this, each year they must undertake
significant training and development. This is known as Continuing
Professional Development (CPD). Many independent advisors go on to
take further specialist advanced qualifications throughout their
career, so it's worth asking about their areas of expertise.
What happens when you meet an Independent Financial Advisor?
When you first meet your Independent Financial Advisor,
they will have a general conversation with you to find out what
your situation is and get all the facts they need. During this
"getting to know you" process, you'll complete a personal financial
planning questionnaire (sometimes known as a Fact
In order for the Independent Financial Advisor to offer you
truly relevant financial advice, you will need to provide some
personal information. But don't worry - all your information
remains strictly confidential, according to Data Protection rules.
It's really important that your Financial Advisor understands what
you want to do with your life and finances, so this process may
take some time. The more open and honest you are, the more the
Financial Advisor can help you.
To get the most from your meeting…
Make sure you bring all your personal financial details,
including any existing policy documents, details of any benefits
your employer provides, in addition to an open mind and willingness
to explore all the avenues open to you.
You should also write a list of any questions you would like
answering during your meeting.
How we will help you
We only recommend highly qualified, Independent Financial
Advisors who are registered with the FCA. And we carefully check
all their qualifications, so you can trust you will receive genuine advice for your
Want to talk to a Financial Advisor?
Receive an initial, free, no obligation telephone consultation
by looking up your local Independent Financial Advisor using our
directory. Or we will put you in touch. Simply call us on 0800 035