A financial adviser is someone who is very good in giving advice about financial issues. They are professional who render their services such as investment advice and financial planning and cater to individuals, government agencies, businesses or any organizations that are having problems in handling, maintaining, earning and even spending their financial resources. You can actually find financial advice from almost anywhere. They are there on the banks, financial services companies, or even the independent financial advisers who are experts in handing out advice because of their previous experiences that involved financial services. However, how to find financial advice and the right financial adviser is sometimes hard because all of them seem to be good about what they do.

Considering you are having a second thought about buying something that can largely value you some of your hard-earned money, what would you do? Will the product become useful or just another thing you put your money away with. This is just an example on how your financial adviser can help you decide about your finances. So how do you find the good one that can help you with your personal finances? Well, to think that you need financial advice because you want to buy products but do not how to make out of it, most banks and organizations will be happy to help you but unfortunately most of their advisers are tied agents which means they can only give advice if you will be buying the products made by the companies to which they are tied. They can only earn their commission if they can be able to sell you their company’s products and therefore it is up to you if you will obliged with their conditions. Very selfish trading, isn’t it? So what can you do now? The answer is finding an Independent Financial Adviser (IFA). IFAs although are also earning their commission, can sell you any product made by any company. They can even sell you investment bonds and advice you how to gain interest with it.

Consequently, how to find financial advice in the past has always been a problem even with the employment of IFAs because many people are suspecting they are inclined to sell you products that have high commissions. But now, things have changed. There are now the fee-based IFAs. If you are to invest and need an advice from a fee-based IFA, you may expect that his service will not come cheap but you can be sure his commission is cheaper so you still get a better deal.

This is why so many IFAs are now becoming fee-based IFAs themselves. There is also news that this year all IFAs will have to provide clients the freedom of paying fees or commission if they must call themselves IFAs. Furthermore, here are some steps on how to find your best financial advisers so that somebody answers your question on how to find financial advice for your own convenience.

1.Personal recommendation. If somebody recommends to you an IFA, always check with the Financial Services Authority if he is authorized.

2.Make a shortlist of three or four advisers and visit their offices before making your last decision. Sometimes even fee-based advisers can give you initial free consultation so take as much as many information from him during this time.

3.Ask questions. Always prepare a list of questions during these introductory interviews. Their professional qualifications coupled with your sources of information can be your basis for consideration.

4.Expecting the next event. When you have chosen an adviser, he may ask detailed information about yourself including your financial circumstances. They do this to familiarize themselves with your income, mortgage, insurance, debts and so on so that the advice they can give to you are coordinated with the resources you got and how much you owe.

So here are the four most important aspects in finding yourself a financial adviser and we hope you can easily cope up with your financial issues very soon.

Author Bio: independent financial advisors Halifax free independent financial consultation

Category: Finances
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