Financial adviser, that’s a flashy name, but what does that mean? The name is supposed to tell you everything, but it doesn’t really mean anything to you. If you have any questions about money-related matters, we recommend that you consult your financial adviser.
Financial advisers provide clients with specialist advice on how to manage their money. The role involves researching the marketplace and recommending the most appropriate products and services available, ensuring that clients are aware of products that best meet their needs, and then securing a sale. You may also gather more details about the company from (“Contact Us“) section on their website.
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If you find that at the beginning of the meeting you are doing all the talking then you are not finding out much about the quality of the person whose recommendations you are going to consider. They should begin the meeting by introducing themselves and telling you why you should listen to their advice.
Seeking out a good financial adviser is very important. You may have a particular question or problem and they may have the solution. You should first seek a recommendation from someone you trust who has already used that adviser.
You should see if that person has a good reputation. Last, but by no means least, you should check to see if that person is in the Financial Services Authority register. The register is easy to find on the internet. While there are certainly fewer and fewer rogue financial advisers out there, some remain better than others.