Our Stafford IFA reviews ' What to expect from an independent financial adviser'

Wednesday 14 September, 2016

What to expect from an independent financial adviser?

An independent financial adviser will take time to understand your financial objectives and make recommendations for suitable financial products from the whole of the market.  Not everyone requires the services of an independent financial adviser, but as retirement planning becomes more complicated, and the variety of investment products increases many people want to employ the services of an independent financial adviser. 

So how do you choose an independent financial adviser?

At Lonsdale Services we offer a free one hour consultation meeting.  This is important as it allows us to assess your financial situation and helps us to determine if you require independent financial advice.  

We can educate you regarding your financial options and complete a risk assessment to ensure we recommend the most suitable products for you.  It is also important for you to have a free consultation meeting so you get to know your independent financial adviser before you commit to using them.  You can make sure you are happy with their financial planning company, the fees they are charging, and how they intend to offer you independent financial advice.  

Neil Homer, independent financial adviser Stafford said:

 ‘When you choose an independent financial adviser make sure they have relevant financial experience. Many IFA’s specialise in different areas of financial planning so quiz your independent financial adviser on their specialisms.  Check out the company website.  By choosing a larger financial planning company with many qualified independent financial advisers your IFA will always be able to recommend a colleague if you have a particular financial requirement.  At your initial meeting ask your IFA to provide access to client testimonials and client satisfaction surveys so you can check how happy their clients have been with the independent financial advice provided.  Finally all communication about the cost of the financial advice should be open and honest.  At the initial meeting your financial consultant should be able to give you an idea of their charging structure so you know how much you will be spending at the outset.’

Educating our clients - News series

This news article is part of our 'educating our clients' news series.  For further information read - Deb Nolan, independent financial adviser, Leeds - 'why financial advisers should explain the risks & rewards of investing', ‘Financial advisers have a responsibility to educate before offering financial advice’ and Neil Homer, independent financial adviser Stafford - 'Our independent financial advisers help educate on financial planning,' and 'Lonsdale ifa's offer free services to help people with their financial planning.'

Please note - The value of investments can fall as well as rise. You may not get back what you invest. 

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