12 Mar


A financial advisor is an individual who offers financial advice to customers according to their financial status. In most countries, financial advisers must undergo certain formal training and then be registered with an approved regulatory body to offer financial advice. This form of financial advice is known as fiduciary advice as the advisor has to act in the best interest of the customer. This form of financial advice is regulated by UK law and so it is imperative for individuals to seek the advice of a qualified professional in matters relating to personal finance and investment.


There are many different types of advisors including the investment advisors and self directed advisors. The investment advisors are licensed by the Office of Fair Trading in the UK to give financial advice and are required to follow strict rules and regulations. Self directed advisors are not licensed but can work for themselves without being registered or following guidelines. All Advisors should keep up to date with the latest laws on personal finance and investment advice as they may come into conflict with existing regulations.


The Financial Advisers Association is the regulator of financial advisors in the UK. In the United Kingdom, a company must be registered by the FSA with one of the registered companies. Registered companies can now also offer direct access to the market by providing a facility called Financial Advisor matching tool. Financial advisors are allowed to enter into contracts directly with clients through this service. These are the top recommended types of financial advisors in the UK. However, advisors are not required to register and the Financial Services Authority does not regulate their activity.


Another way of looking for an advisor is to look for a chartered financial analyst or a certified financial planner. The Financial advisors  professionals are registered with the FSA. The certified financial analyst is a member of the FSA and regulated by the FSA but they are not allowed to advertise their services directly. Financial advisors can be found in most of the leading financial magazines and on many internet sites. To learn more about finding the best financial advisors here, contact an experienced company today.


Many fee-only financial advisors provide advice and not insurance products. They are usually estate agents and are regulated by the Financial Service Authority. Many estate agents offer insurance products but these are regulated by the Financial Services Authority. Many people prefer to work with an independent financial advisor who charges a fixed fee for advising their client. These advisors are regulated by the FSA and they follow strict rules on advertising and engaging in direct sales.


An additional type of financial adviser who offers a more specialized financial product is the life insurance policy advisor. Life insurance is a popular product, especially for retirement, but it is also suitable for other situations such as for high-risk investing and asset protection. This company helps individuals achieve wealth management and retirement goals. Financial advisers who specialize in life insurance are registered representatives of life insurance companies and are therefore regulated by the FSA. An alternative post for more info on the topic here: https://en.wikipedia.org/wiki/Investment_advisory.

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