Independent Financial Advisers
Independent Financial Advisers (IFAs) are the only type of financial advisers who are able to select from all the products available in the marketplace - making sure you get the right product for your individual needs.
IFAs are bound to the Financial Services Authority rules, which obliges them to provide advice most suited to your personal requirements and your risk outlook. When financial products are recommended they must take into account the benefits provided, charges, flexibility, service and financial strength.
All IFAs must be authorised and regulated by the Financial Services Authority and are obliged to offer what is termed 'suitable advice'. This means that they have to gain a full understanding of your circumstances and requirements before helping to choose any financial products (they will record your information so you can double-check that they really have understood).
In addition, when recommending a product all financial advisers have to provide written reasons why they think that it is right for you - again to make sure that you are fully informed before committing yourself to anything.
Find out what factors to be aware of when finding an IFA
Next page - Finding an IFA
Past performance is no indication of future performance. The value of most investments and the income from them can fall as well as rise and is not guaranteed. IFA Promotion can accept no liability for any action which an investor takes based on this information. This brochure is issued on behalf of Britain's Independent Financial Advisers and has been approved by a person authorised and regulated by the Financial Services Authority. This brochure is based on IFAP's understanding of current legislation and tax regime which is liable to change in the future. The value of tax benefits will depend on your personal circumstances. The name IFA Promotion® and the Independent Financial Adviser (IFA) logo® are registered trademarks of IFA Promotion Limited.