When using the services of a financial adviser you will want to be sure that the adviser has no incentive other than to act solely in your best interests
United Kingdom of Great Britain & N. Ireland (Press Release) January 11, 2008 --
You will also want to know that where the adviser's advice leads to the sale of a product, that it is the most suitable for your requirements. Unfortunately, this is not always the case. As a result, the Financial Services Authority (FSA), the industry regulator, is undertaking a review of the financial advisory industry, focusing on the problems associated with the selling of financial products. This review is wide-ranging and covers areas such as how customers pay for advice, the qualifications of financial advisers and the financial strength of advisory companies.
One subject being heavily debated is the use of the word "independent". At present, financial advisers who are able to select products from all providers can call themselves independent. However, the current review is questioning the use of this term, and with good reason. While it is eminently sensible that independent advisers should be able to recommend products from the whole of the market, there are still serious question marks over whether many independent financial advisors are actually that independent.
Independent Financial Advisor Brokers are the U.K leaders in providing sound, impartial advice. Providing a free and totally independent advisory service, IFAbrokers.co.uk believes that you will be best served by a specialist for your particular requirements, thereby you receive the right advice from a professional. As IFA Brokers are a totally independent advice service, and are not themselves Independent Financial Advisors, they can therefore pick and choose from the best in industry, ensuring clients get the best possible advice from the right people. Customer feedback is positively encouraged as it is used to ensure that the high quality standards of this service are maintained.
IFA Brokers spokesman says: “It is a harsh reality today that some consumers are resigned to getting poor advice. Many consumers don't distinguish between different types of advisor when talking about or referring to financial advice, whether it’s inheritance tax or mortgage advice. Many presumes advice they had received in the past as independent, even when the it was provided by a tied financial adviser or even by bank sales staff. At IFA Brokers, we ensure that clients get the right advice for the financial service they are looking for from a professional in that specific field”.
For sound financial advice and other financial services, visit www.IFABrokers.co.uk
Editor’s Note: Independent Financial Advisor Brokers is represented by online advertising consultancy, Top Position. Please direct all press queries to Billy Howe. Email: Billy@topposition.co.uk or call: 0800 094 9001.
One subject being heavily debated is the use of the word "independent". At present, financial advisers who are able to select products from all providers can call themselves independent. However, the current review is questioning the use of this term, and with good reason. While it is eminently sensible that independent advisers should be able to recommend products from the whole of the market, there are still serious question marks over whether many independent financial advisors are actually that independent.
Independent Financial Advisor Brokers are the U.K leaders in providing sound, impartial advice. Providing a free and totally independent advisory service, IFAbrokers.co.uk believes that you will be best served by a specialist for your particular requirements, thereby you receive the right advice from a professional. As IFA Brokers are a totally independent advice service, and are not themselves Independent Financial Advisors, they can therefore pick and choose from the best in industry, ensuring clients get the best possible advice from the right people. Customer feedback is positively encouraged as it is used to ensure that the high quality standards of this service are maintained.
IFA Brokers spokesman says: “It is a harsh reality today that some consumers are resigned to getting poor advice. Many consumers don't distinguish between different types of advisor when talking about or referring to financial advice, whether it’s inheritance tax or mortgage advice. Many presumes advice they had received in the past as independent, even when the it was provided by a tied financial adviser or even by bank sales staff. At IFA Brokers, we ensure that clients get the right advice for the financial service they are looking for from a professional in that specific field”.
For sound financial advice and other financial services, visit www.IFABrokers.co.uk
Editor’s Note: Independent Financial Advisor Brokers is represented by online advertising consultancy, Top Position. Please direct all press queries to Billy Howe. Email: Billy@topposition.co.uk or call: 0800 094 9001.
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