Financial Planning
What makes your client experience unique?
When you’re choosing a financial adviser it can be very difficult to differentiate between the services offered by the different advisers you meet. Particularly if this is an area you have little or no experience of, and where you may be lacking confidence. A really interesting question to ask your adviser is “What makes your…
Read MoreHow will a financial adviser charge?
If you’re looking to instruct a financial adviser, the cost of that advice will be something you will need to understand. There are a number of different ways an adviser may charge: A fixed fee An hourly fee As a percentage of your funds Or a mixture of the above Ensure you get full details…
Read MoreWhat expertise should your financial adviser have?
Most financial advisers will have a very broad range of knowledge, enabling them to provide advice across various subject areas to help with general financial planning. However, dependent on your needs and circumstances you may prefer to speak to an adviser who is a specialist in the area where you need advice. Some aspects of…
Read MoreWhat qualification should my financial adviser have?
In order to provide regulated financial advice in the UK, a financial adviser must hold an approved qualification covering a number of financial planning subjects. Qualifications are generally from two main professional bodies: Chartered Insurance Institute (CII) and Institute of Financial Planning (IFP). Advisers must hold a minimum qualification, subscribe to a code of ethics…
Read MoreHow do you choose a financial adviser?
The majority of my clients are females going through divorce,and their husband has dealt with all the finances during the period of their marriage. Therefore when they are faced with having to find an adviser it’s a really difficult process for them to go through. Choosing the right financial adviser to help you plan your…
Read MoreWould you be happy to throw away your money?
Now of course we all know that if I asked this question directly the answer from everyone would be “NO”. And probably you would think that I was even mad to ask the question. And yet, I often see this being done by my clients. I am dealing with a client now who received a…
Read MoreDo you bury your head in the sand regarding your finances?
I have some clients who come to me feeling almost shell shocked their husband has asked for a divorce. In many instances these women weren’t even aware there was a problem in their marriage. Some clients come to me and they’ve known for a long time their marriage wasn’t right, they weren’t happy, but they…
Read MoreIs my money safe in the bank?
In last week’s blog “How safe is the money in my bank deposit account” I looked at the Financial Services Compensation Scheme (FSCS) and how that can help depositors if their bank becomes insolvent. This blog looks more at the issue of is it a sensible option to leave a large sum of money on…
Read MoreHow safe is the money in my bank deposit account?
Having money in your bank deposit account is safe…or is it? All UK financial institutions with a banking licence are covered by the Financial Services Compensation Scheme (FSCS), which is designed to protect your deposit if the bank were to become insolvent. The limit is £85,000 per person. So for a joint account cover of…
Read MoreWhat’s the difference between an IFA and a Financial Planner?
There are a number of terms used in the financial services industry to describe advisers. A few of the more common ones are Wealth Manager, Independent Financial Adviser (IFA), and Financial Planner. Do all these terms mean the same thing or are you likely to get different services dependant on who you approach? Probably the…
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