What is an IFA?
IFA stands for Independent Financial Advisor. They are professionals who provide unbiased advice on a wide range of financial topics, including investments, insurance, estate planning, and more. If you’re looking for help with your finances, you should consider speaking with an IFA. They can help you make smart financial decisions that will benefit you in the long run
When choosing an IFA, it’s important to look for someone who is experienced and qualified to give you the best possible advice. You should also make sure that the IFA you choose is someone you feel comfortable working with.
There are many benefits to working with an IFA, including getting unbiased advice, receiving personalized attention, and having someone to help you make financial decisions.
Four tips will help you find a great IFA.
When looking for an IFA, it is important to find one that is accredited by the Financial Conduct Authority (FCA). In addition to this, you should also find out how they are regulated and what measures they take to ensure their clients are protected from fraud and other risks.
You should check any ongoing services and charges that may apply after the first year of service. Also, ask about any complaints or investigations against your IFA in recent years.
Check their accreditation.
Before choosing an IFA, you will want to make sure they are accreditated. This can be done by checking if they are a member of a professional body, trade body or association.
In addition to this, you should also check if your prospective IFA is a member of any professional institutes that may be relevant to your specific business.
Find out how they are regulated.
As with any financial advisor, it is important to find out how an IFA is regulated. In the UK, this can be done by checking if they are authorised and regulated by the Financial Conduct Authority (FCA).
In addition to this, you should also check what measures they take to protect their clients from fraud and other risks. This includes checking if they have professional indemnity insurance.
Ask about any complaints or investigations.
Finally, you should ask about any complaints or investigations that have been made against your prospective IFA in recent years. This will give you an idea of their level of customer service and the quality of their advice.
Ask about ongoing services and charges.
This includes any fees you may have to pay and how often they’re charged. You should also ask what the charges are for and how they’re made, as well as whether there are any discounts or other ways you can reduce your costs.
An accredited IFA is the best choice for financial advice for you and your family.
An accredited IFA is the best choice for financial advice for you and your family. You can check whether an adviser is FCA-regulated by searching on the FCA register. If they’re not, don’t use them.
An accredited IFA should also be regulated by the Financial Ombudsman Service (FOS). This means they have signed up to a process that allows their customers to complain if they feel they haven’t been treated fairly under FOS law. If an IFA isn’t registered with FOS then it’s very difficult to get redress if things go wrong – so look out for this stamp of approval before you commit your hard-earned money!
Finally, make sure that any adviser you are thinking about using is signed up to the Financial Services Compensation Scheme (FSCS). This means that if something does go wrong in your relationship with them, there will be protection for you in case anything goes wrong and there aren’t enough funds in place from your family’s savings/pension pot etc., which could mean that some consumers end up losing all their savings when trying out new services or products.”
How can I find an IFA near me?
At LG Embrey Financial Planning we help individuals and families with their financial planning needs. By completing the form at the top of this page, we’ll help you with your search to find an IFA near me, or if you prefer call 01743 382002.
LG Embrey is committed to impartial financial planning and investment advice that benefits you & your family. Since 2010, we’ve been the long-term financial partner for loyal clients throughout Shropshire and beyond.
LG Embrey are an IFA in Shrewsbury, Shropshire under pi financial ltd, authorised and regulated by the Financial Conduct Authority. Registered address: Morfe House, Belle Vue Road, Shrewsbury, SY3 7LU, Company number 3556277, FCA 186419.