Finding the right IFA (independent financial adviser) is a key part of planning for life.
You need someone who understands you, is technically competent and whom will have your best interests at heart.You an IFA who really IS an IFA, not someone who allows you (mistakenly) to think they are.Ask the specific question are you an INDEPENDENT Financial Adviser, and if they fudge the answer, move on to the next candidate!
IFAs are required to be on your side – everyone else (banks, direct sales forces etc) can sell ONLY their company products whether they are good bad or indifferent.Their advice may well be sound, but if they are selling the worst products on the market, they are unlikely to tell you!
IFAs are being pushed towards charging fees by their Regulator, the Financial Service Authority, but most IFAs offer you a choice of paying a fee or of them earning a commission.When you are looking at this, please do consider both the long term cost and the ability of the adviser to continue giving advice in the long term.
Most IFAs will be able to advise on savings, investments, life insurance, health insurance, pensions (including self invested and self administered) and general financial planning advice.Once you have chosen your IFA, stick with him or her and make sure you run any financial planning decisions past them before you fill in an application, or they just can’t do their job properly.
www.FindaPro.co.uk list qualified IFAs just near your home or office, so why not make contact today?