Independent Financial Advisers (IFAs)
IFAs offer impartial advice and recommend financial products from any provider within the UK market, so you get the best advice for your unique financial situation. If you want advice that specifically relates to your personal situation, an IFA can help you, because they're not tied to a particular provider's product range.
Restricted Advisers mainly operate through banks or Financial Adviser firms and partnerships. They can chose to limit their advice to the products of certain providers, or to limit their advice to certain areas of expertise, avoiding potentially high risk areas. Ask for more details when contacting a Financial Adviser.
Financial Advisers are highly qualified professionals, who can offer genuine advice on a wide range of financial matters.
They can design a financial plan suited to your specific needs, and keep you up-to-date as legislation and your circumstances change.
Financial Advisers are required to provide current knowledge on the UK Financial Market, to do this, they must undertake significant training and development every year. This is known as 'Continuing Professional Development' (CPD). Many Advisers go on to take further qualifications in order to specialise in a specific area of Finance, so it's worth asking about their expertise.
If your personal finances are becoming an issue, or perhaps you would simply like to maximise your financial efficiency. A Financial Adviser can work closely with you to help you set your financial priorities and ensure you meet your financial targets.
In your first meeting with your Financial Adviser, they will have a general conversation with you about your Financial situation, during which they get all the facts they need. Also, you will be required to complete a personal financial planning questionnaire (also known as a Fact Find).
In order for the Financial Adviser to offer you genuine Financial Advice, you will need to provide some personal information. Rest assured, all your information will remain strictly confidential, in accordance with Data Protection rules. An Adviser must understand what you intend to do with your life and finances, in order to design an appropriate Financial Plan. Naturally, the more open and honest you are with your Adviser, the more they can help you!
Make sure to bring all your personal financial details to the meeting, this includes any existing policy documents or details of any benefits your employer provides.
It can be a good idea to write a list of any questions you would like to have answered during your first meeting.
Every Financial Adviser listed on our Site is registered with the FCA. In fact, we have put a link to the FCA's Site at the bottom of each IFA's profile page, so you can check their details for yourself.
At YourMoneyHub.com, we have an exclusive group of Financial Advisers that can offer you Expert Financial Advice.
If you are not sure which Accountant, Financial Adviser or Business Lender is right for you, send us a message explaining what you are looking for, and we will then select an appropriate professional to send your request.