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Choosing A Financial Adviser

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  • Admin
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  • Financial Advice
  • Posted date:
  • 05-08-2019
Choosing A Financial Adviser

Choosing a financial adviser can seem challenging, but if you need financial assistance then it's worth the effort to find the right one. A reputable financial adviser will not only save your money but also help you get over at worries you may have.


Why do you need an adviser and what kind of advice do you need?

When looking for a trustful financial adviser, figuring out what kind of advice you need is crucial. Are you searching for information on how to use pension pot, planning for long-term care or free up capital?

You might be searching for an adviser to help when investing in retirement or ISA shares and stocks.Financial questions are the primary concern when retiring or when searching for a mortgage or even life insurance. Alternatively, when you require a specialist for home, car or travel insurance. There are several situations where a financial adviser is desperately needed. Our financial advice service can help with any of these concerns you may have. 

Do you require a financial adviser's assistance?

Not everyone requires full-time financial advice from a professional – maybe you only need basic guidance on budgeting and debt management. For this reason, you should take the time to think about the kind of help you require, that is both affordable and valuable. Some free and easily accessible sources of assistance such as the Citizens Advice Bureau, the Money Advice Service, and, for people over 50, the Pension Wise service of the government can help.

What kind of service do you want?

If you need a regulated financial counsel that involves an investment proposal - what do you require? A single case, such as developing a strategy of investment, transferring your pension, or establishing trust? Alternatively, maybe you require a more comprehensive continuing service? Make the decision as carefully as you can.

What about the level of financial advice you require?

The amount your financial adviser does for you will determine the cost. In some situations, wealth managers whose customers typically have assets worth over £1m will provide a range of services like investment services, tax planning, including divorce.

IFA provides investment advice as well as recommending specific products like pensions or annuities. Other additional services include inheritance and planning of tax, mortgage consultancy and also insurance brokerage.

Fees involved

Many financial advisers will most likely provide free introductory sessions, listing fees at the end. Financial planners and property managers charge fees for their services in many ways;

  • Hourly fees
  • Fixed initial and service costs
  • Tax saved proportion
  • Assets invested a percentage
  • Insurance products
  • Product commissions

Occasionally these methods of charging are combined.

An adviser searches the market for investments and products customised to your situations and assist you in planning the things you want to spend your money on.

Financial advisers are governed by the Financial Conduct Authority (FCA) with a strict code of conduct as well as rules to adhere to. Be sure to choose the right financial adviser when you need one.


    Paul Dodd Investment Advice is committed to providing independent financial management throughout Leeds and North Yorkshire. If you need to speak to our financial advice specialist today, please get in touch to discuss the ways that we can help you.