Financial advisers look at your personal circumstances and your financial plans and recommend products to help you meet your needs.
There are two types of financial advisers:
It's usually best to get independent financial advice so that you can look at the widest range of advice and products available.
All financial advisers must have the following:
All financial advisers should be registered with the FCA. This means they meet the right standards and you get more protection if you’re not happy with the service. For example, you can complain to the Financial Services Ombudsman and may be able to claim compensation if things go wrong.
If a financial adviser is not registered with the FCA, you can make a complaint to the FCA.
Don’t be afraid to ask an adviser about their qualifications and Statement of Professional Standing.
To check a financial adviser is registered with the FCA see www.fca.org.uk.