The Benefits of Using an Independent Financial Adviser
Independent Check create bespoke guides for IFAs to use int heir marketing efforts. This is a sample version, visit our website to order the full version: www.independentcheck.co.uk
Independent Check create bespoke guides for IFAs to use int heir marketing efforts. This is a sample version, visit our website to order the full version: www.independentcheck.co.uk
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<strong>Independent</strong> Fin<strong>an</strong>cial Advice vs. Restricted Advice<br />
At the heart <strong>of</strong> the fin<strong>an</strong>cial pl<strong>an</strong>ning market lies the <strong>Independent</strong> Fin<strong>an</strong>cial <strong>Adviser</strong>.<br />
<strong>The</strong> easiest way to describe <strong>an</strong> <strong>Independent</strong> <strong>Adviser</strong> is to state that they are unrestricted in how<br />
they c<strong>an</strong> advise you <strong>an</strong>d <strong>an</strong>y adviser that is not independent will be restricted to some degree<br />
or extent.<br />
<strong>The</strong> current regulatory environment has provided a distinct line between advisers that are<br />
<strong>Independent</strong> <strong>an</strong>d those that are Restricted. <strong>Using</strong> the definition <strong>an</strong>d expl<strong>an</strong>ation provided by<br />
the Regulator (the Fin<strong>an</strong>cial Conduct Authority – FCA, see www.fca.org.uk):<br />
<strong>The</strong> <strong>Independent</strong> <strong>Adviser</strong> will provide independent advice <strong>an</strong>d is able to consider <strong>an</strong>d<br />
recommend all types <strong>of</strong> retail investment products that could meet your needs <strong>an</strong>d objectives.<br />
<strong>Independent</strong> advisers will also consider products from all firms across the market, <strong>an</strong>d have to<br />
give unbiased <strong>an</strong>d unrestricted advice.<br />
A restricted adviser or firm c<strong>an</strong> only recommend certain products, product providers, or both.<br />
All advisers have to make it very clear to you what status they have.<br />
<strong>The</strong> import<strong>an</strong>ce <strong>of</strong> this distinction is further highlighted by the Citizen’s Advice Bureau<br />
(www.adviceguide.org.uk) – their web site supports the value <strong>of</strong> the <strong>Independent</strong> <strong>Adviser</strong> over<br />
other options you may have.<br />
6 | Page<br />
Email: Your email goes here | Tel: Telephone goes here