Need Money? Apply today.
How long been they been in business, and what qualifications do they have.

Do they specialise in a particular area, for example pensions or are they all rounders. Choose one to suit your needs.

How are they paid. An independent financial advisor is paid either by a fee directly from you, or by commission paid to the advisor by the company selling the product.

Fee versus commission. An advisor should always give you suitable advice regardless of the commission that could be earned. However, some financial advisors may be tempted to sell the products that earn them the most. They should always tell you how much commission they will be paid. If they don’t, ask.

Paying fees is one way around this problem. Fee-based advisors have nothing to gain from particular products. Ask how the fees will be worked out.

Need Money? Apply today.
Ask friends and relatives. The personal experiences of someone you trust is a good recommendation, but remember that friends and relatives a problem that expert on financial matters. They might have liked an advisor had received lousy advice.

Also be very, very wary of friends who are financial advisors. One of the first lessons of selling it to try to sell to your friends.

Asking a lawyer, accountant or other professional advisor. If a professional person does not know a decent financial advisor, who does? But remember there may be an element of the old boy network.

Asking at your bank. Some banks have independent financial advisors, but many are tied to one brand name. So, as with all other advisers, before you make an appointment always ask if you will get independent advice.

Looking in the Sunday and national newspapers. Make sure you look in the articles, not in the advertisements, and remember that the advisors mentioned are not necessarily the best in their field.

Need Money? Apply today.
If you want financial advice, it is usually much better to go to an independent financial advisor rather than someone who is tied to a particular company. Independent financial advisor’s can advise you on the whole range of products in the market, whereas a tied agent a company representative will only be able to sell you the products of one company. Even if they are good, they may not be the most suitable products for you. So always check that you will be getting independent advice before you make an appointment.

Consulting more than one advisor and compare the products they are recommending is a good idea.