why you should choose independent financial advice

2009-10-07T12:08:00.000-07:00

When deciding how to invest your hard earned capital , maybe because you require growth or maybe to use your capital to produce an extra vital income stream during your retirement, you are faced with generally two choices.

Independent advice or what we call tied advice.

Lets look at the two choices, what they mean and they can benefit you.

Tied advice is what is generally offered by the major high street banks and building societies. firstly in these institutions the financial adviser you may see could be working there because they do not have the knowledge, expertise and experience to work in the independent sector, this is important to know. But what can they offer you ? tied means exactly that, the institution they represent has affiliated itself to one or maybe two or three providers. for example a bank may only do business with say Aviva and no-one else, they can of course offer their own brand products.

Any prospective investor therefore, when using these institutions will be severely handicapped when it comes to choice, you are forced to take the limited choice or nothing.

The independent however has no such limitations, he has the entire industry at his disposal, and is compelled to find the best and most appropriate product on offer for his client. You can always be assured this will be the case as each adviser has to submit every case he completes to a compliance unit, governed by the financial services authority own rules and regulations to ensure that he has done the very best for his client.

There are many thousands of providers and products available today, why then limit yourself to just one of them ?

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