Independent Financial Advisors For Investment Advice

Independent Financial Advisors For Investment Advice

Financial advice is available in plentiful but finding independent financial advisors is a challenging task. Most financial advisors are interested in selling products rather than giving an all round investment advice, so how does one find a good independent financial advisor?

How to Find an Independent Financial Advisor?

Independent financial advisors working for banks and building societies may not be able to give you much investment advice since they are hired to sell products and cater mostly to high net worth clients. Therefore the best and most common way to find a good independent financial advisor is through personal recommendation or online advisors with good credibility. You can always check the authorisation of the financial advisor you choose with the financial services authority before make use of their services.

Types of Independent Financial Advisors:

There are mainly two types of independent financial advisors; commission based advisors and fee based advisors. Although fee based advice is expensive, it can still work cheaper than commission based investment advice, especially if your investment is huge and the advice is better. However there are some independent financial advisor who give their clients the choice of paying by commission or fees.

How to Choose an Independent Financial Advisor?

It is always good to visit at least 4 advisors before the final decision. A good advisor should be able to give at least half an hour to one hour free consultation. To make the most of that carry as much information as possible about your financial condition, your aims and objectives. The advisor should be able to focus on explaining and offering investment advice that is realistic, suitable to your financial situation. These are some of the basic things that will help you find a suitable advisor who can give you proper investment advice. Instead of going from one advisor to the other, you can easily contact reputed financial advisors online who will give you good investment advice.

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Independent Financial Advisors For Investment Advice