What does an Independent Financial Adviser Do
Financial advice can be invaluable. With the right financial advice, you can decide how to manage your money and fulfill your goals, whether you’re trying to save, invest or even decide how to spend your money. You might be unsure about whether you should be using a financial adviser or even what a financial adviser does. An independent financial adviser can give you advice across a range of products, with no attachment to any particular bank or financial institution. If you’re looking into financial planning, you’re thinking about how to afford retirement or perhaps you want to make arrangements for your estate, a financial adviser can help you.
When to Use a Financial Adviser
There are many times in life when you can benefit from the help of a financial adviser. A financial adviser can help you to make financial decisions both big and small so that you can manage your money and get more from it. Some things that you might want to use a financial adviser for include:
- Financial planning – creating a financial plan for the future to make the most of your money
- Pension advice – get the right advice to choose or change your pension and prepare for retirement
- Investment planning – receive help on making the best investment decisions for your financial goals
- Estate planning – preparing your finances for after your death to protect your family and more
When you work with an independent financial adviser, you get independent advice, as the name suggests. Other financial advisers may be restricted, meaning that they can only offer you advice on a limited selection of financial products. Some might be restricted to certain products, while some might only be able to recommend products from a particular provider. An independent financial adviser can help you with anything and everything.
Save Time and Money
Using an independent financial adviser delivers several benefits. You could save yourself a lot of time, money and headaches by getting professional advice from someone who can understand and help you to reach your financial goals. Choosing financial products and financial planning can get complicated and confusing. Even if you are well-versed in financial matters, you can find it difficult to use your head and not let your emotions drive your decisions. Independent financial advisers not only offer advice independent of any financial providers, but they also help to give you an objective opinion on your financial decisions.
Different Ways to Receive Financial Advice
There are different ways that you might receive financial advice from an independent financial adviser. Some advisers will meet with you in person, while others provide advice over the phone or even via email. You can also receive a report of your current financial situation with advice for actions that you can take. Before you choose which financial adviser is for you, make sure you check how you will receive their advice.
Taking advantage of the services offered by an independent financial adviser will help you to plan your finances for a brighter future.
Investments carry risk. The value of your investment can go down as well as up and you may not get back the full amount you invested. Past performance is not a reliable indicator of future performance. The Financial Conduct Authority does not regulate Estate Planning.