Financial Advisers: Are They Worth It?

Financial Advisers: Are They Worth It

Are you looking to learn more about Financial Advisers: Are they worth it? Are they a solid investment? Should you trust their advice?

Looking in to different areas: Whether the advice you are offered is to be trusted, is it a good investment for you and overall, is it worth it? Read on to learn more about Financial Advisers and their benefit to you.

Financial Advisers: Should you trust their advice?

Before answering this question. There are a number of questions and few areas of research you should do first before you offer your trust to any Financial Adviser.

Initially, before you commence any communications, visit the Financial Services Register. The register is available for you to check the status of an adviser. Ensure they are authorised and approved to offer the advice you will be asking of them. Ensure their basic details match up to what you have.

Secondly, consider where you found the details of the adviser. If you received an out of the blue cold call, it is advisable to reconsider utilising this adviser. Cold calling is not permitted by the FCA, nor is any form of unsolicited communications or promotion. (FCA, Cold calls)

Lastly, make contact and speak to them further. Ensure you have received answers to all your questions. Following all the relevant communications, you should at this stage follow your personal instincts as to offer your trust to them.

You may wish to read our article on Finding a Financial Adviser You can Trust for further detail. With information, advice and guidance on what type of advice you require, where to find an adviser and details on Regulated Independent Financial Advisers.

Financial Advisers: Are they a solid investment?

With most professional services there is a financial investment. When you require professional assistance, often we seek without hesitation a Doctor for health issues, a Builder for home improvements, an Electrician for electrical works.

There are costs and charges involved in obtaining financial advice, and the cost may impact your decision of whether you choose to proceed with the advice or not. Overall, you will need to assess whether the associated fees are appropriate to your financial investments.

Financial Advisers will generally follow a similar structure of using an initial fee and an ongoing fee. The Initial Fee is most often based on the sum of money being invested. For some Financial Advisers this could be a sliding scale, a percentage or fixed amount. The ongoing fee is to cover the ongoing management of your portfolio.

Always ensure you ask about the fees you will need to invest, Only by having all the information, including costs associated with working with an adviser can you make an informed decision as to whether this is a solid investment for you.

For more information on the costs of a Financial Adviser, you may wish to read our article on How Much Does an Independent Financial Adviser Charge? for further detail. With information, advice and guidance on how a Financial Adviser charges their clients and its impact on your decisions to work with them.

Financial Advisers: Are they worth it?

Overall, placing your trust in a Financial Adviser to support in the management of your pensions and investments can be a big personal decision and should not be entered in to lightly. And one step forward to take is finding a Financial Adviser you can trust.

Additionally, with all professional services, the costs involved may impact your decisions. Are you comfortable with the costs you have received, can you see the value in them and will there be a positive return on your investment? It is essential you understand how much does an Independent Financial Advisers Charge.

The overall benefits derived from this article Financial Advisers: Are They Worth It? all lead to making positive decisions in regards to your financial situation. You should make decisions you are comfortable with and fully understand.

If you are considering Independent Financial Advice but may need some more information going forward, please feel free to contact The Harvest Partnership Ltd via our Contact Us page.