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Financial Advisers

Picking & paying for an IFA
What is a financial adviser?

Taking financial advice is going to cost you. But when it comes to making life-changing financial decisions, it might save you money in the long run.

This guide will help you understand what a financial adviser is and whether you need to use one. It'll explain the questions you should ask and, most importantly, how much it'll cost.

What is a financial adviser?

Throughout your life you're likely to need different financial products. A financial adviser can help you make the right decision about the best product for you.

When would I need to use an adviser?

When would I need an adviser?

If you're looking at complex financial products, it can pay to get advice if you're not sure or not confident doing the research yourself.

How much does financial advice cost?

How much does it cost?

For years, IFAs were paid in one of two ways - either by fees (you paid upfront) or commission (they took an ongoing cut, which varied per product). By law they were required to give you the option of either.

How do I find a financial adviser?

How to find an adviser

First things first, speak to family and friends and find out if they've used an independent financial adviser in your local area. Of course, just because they've had a good (or bad) experience with them, it doesn't mean that you'll have the same experience, but it's certainly a good starting point.

I got the wrong advice - what can I do?

If you feel you've been mis-advised, you need to collect as much paperwork as you can find, then write to the firm that sold you the product and explain clearly and concisely why you think the advice you were given was wrong.