A Guide To Financial Consulting
Don’t be fooled into thinking that seeking out finance advice is a luxury. In some cases, it’s a necessity.
To get a recommendation, you need to speak to a financial adviser. Financial advisers can be split into the following two groups:
- Independent financial advisers (IFAs) – IFAs offer unbiased advice about a range of financial products from a broad spectrum of companies. This allows them to give the most comprehensive support to their clients.
- Restricted advisers – Restricted advisers give advice on a limited range of products. This is either because they specialise in one area, or because they only offer advice on products offered by a certain number of partner companies.
Naturally, IFAs have the capacity to provide a more bespoke service as they have a wider selection of products to choose from. Restricted advisers, on the other hand, are arguably influenced by the product providers they partner with, and therefore may be unable to offer the best solution on the market.
What services financial advisers offer
Financial advisers give advice on complex financial products. By seeking out their services, you’re much more likely to get a product that suits your needs. These experts can put together a plan that allows you to meet your short, medium and long-term goals, while informing you of your progress as your investment grows.
Products they advise on include:
- Pensions
- Long-term care planning
- Life and health insurance
- Tax and inheritance planning
- Mortgages (via a broker) and equity planning
IFAs also offer investment advice for shares and unit trusts as well as other products. These are harder to understand than cash saving products, as it’s not always easy to determine exactly what you should expect in terms of a return. An IFA will break down each product available and present you with the best package for your aims.
While it is possible to buy complex financial products without an adviser, you could be putting your wealth at risk. For example, with pensions, you’d be staking your retirement for the sake of saving money in the short term. So, although it’s an initial expense, seeking support from pension advice specialists will protect your retirement plans and offer greater returns in the long run.
Affordable financial consulting customised to your needs
At Adsen Moore, we offer the most comprehensive support for a competitive price. With us, you’ll fully understand the options available to you, as well as why we recommend the products and services we do. Whether you’re searching for pension financial advice or investment opportunities, we’ll ensure you meet your goals.
Our ability to break down complex financial products into terms that our clients understand sets us apart from others in the industry. So, if you’re planning for a particular event or have spare money to invest, why not reach out to us today to see how we can help?
You can get in touch with the team on 0203 432 5564, or fill in our online contact form to request a call back.
