What are the Benefits of working with an Independent Financial Adviser?
IFAs have the benefit of being able to select from a wide range of financial products and services available in the marketplace. IFAs are not limited to any one company or type of financial product therefore they clan give you a more customized approach to financial planning. IFAs are bound to the Financial Services Authority rules, which obliges them to provide advice most suited to your personal requirements and your risk outlook. When financial products are recommended they must take into account the benefits provided, charges, flexibility, service and financial strength. All IFAs must be authorised and regulated by the Financial Services Authority and are obliged to offer what is termed ‘suitable advice’. This means that they have to gain a full understanding of your circumstances and requirements before helping to choose any financial products (they will record your information so you can double-check that they really have understood).
