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Saturday, June 2, 18, 13:46:31, 5 Months Ago Via stanlys In Finance

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Financial advisers provide guidance and recommendations on complex financial products. Here are just some of them:

1. Tax and inheritance planning

2. Pensions

3. Life and health insurance

4. Investments

5. Long-term care planning

 

Getting expert advice chaser for some complex things such as pensions and investments can be crucial. That's where a financial adviser comes in. A financial adviser can scour the market to find best solutions and help you personally plan the things you want to do with your money, at this moment and in the future.

 

Financial advisers are regulated by the FCA agency and have to stick to a strict code of rules. If you've decided that you need the help of a financial adviser, then the next step is selecting one.

 

Types of financial advice

 

There are different sorts of financial advisers, and they are regulated by different rules. Mortgage advisers even today can be paid by commission. From January 2013, new rules have applied to financial advisers offering advice on all 'retail investment products', from unit trusts to stakeholder pensions.

 

All financial advisers will have to have an undergraduate degree minimum qualification. And it doesn't depend of the type of advice they give.

 

Getting a financial advice

 

 

Usually people start when the adviser spends about an hour finding out what you’re looking for. You should also get from him something called a 'key facts document', describing their fees and what you can expect from your relationship. When you will accept it, you’ll have to provides the adviser with information about your finances, attitude to risk and goals. They'll use this information to offer you the most suitable products and services. Followed by a full financial plan, it will include product recommendations and available tax benefits. Once you have agreed the plan and its cost, they will start implementing it. These are the essentials that you find the right adviser to meet your requirements.

 

 

But what if something goes wrong?

 

Financial advisers are regulated by the FCA organ. And it gives you the opportunity to get help if something goes wrong. So, you can complain if you're unhappy with any advice you've been given. The FCA is able to find a financial advisor who have broken regulations.

 

Just don't forget, that when it comes to investments, you're not covered if your investments lose you money - that comes as part and parcel of putting your money on the stock market.


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Stanly N.
Date Registered: Tue, Feb 14, 2017
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stanlys
Being a freelance writer isn’t easy, but it is rewarding. In this section you’ll find information about advanced article writing, finding new markets, selling your work, freelance writing jobs and getting paid. You’ll learn how to turn articles into cash and living the writing life.

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