The material on this website is for information only
and is not intended as any recommendation or endorsement of any products or companies mentioned. We are not licensed by the FSA to give financial advice, and none of the material on this website constitutes or is intended to constitute financial ...
News
This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news
Banks start to welcome millennialsThe TimesIn England the average house price is £243,945, according to the latest UK House Price Index, which means £12,197 for a 5 per cent deposit. In London it is £483,568 (£24,178 deposit). Adrian Anderson, the director of Anderson Harris, a broker, says ...
Daily MailWhich online review sites can you REALLY trust when it comes to removal firms, renovators and estate agents?Daily MailMortgages: Researching comparisons between mortgage products is easy online, and simpler still thanks to independent financial services such as moneyfacts.co.uk. Remember some mortgage brokers receive commission from firms they recommend — there's a ...
The TimesBritons raid savings accounts to keep pace with rising pricesThe TimesRegulators are concerned that the availability of cheap money may be storing up debt problems. They fear that this could lead to banks losing £30 billion if there was a sudden rise in defaults on credit cards and personal loans should unemployment or ...
ReutersEurope's retailers tempt shoppers with Black Friday dealsReutersThe jury remains out on whether retailers make money by cutting prices in an event that was imported to Britain from the United States by online retailer Amazon (AMZN.O) in 2010. By 3 p.m., Barclaycard, which processes nearly half of UK debit and ...and more »
Have you met...
Latest Members:


amazingz


MasonFoster


roknmesaleia


meshmesha


John


kuda321


samumba

 

Getting financial advice

It’s time to review your finances and make sure your money is working as hard for you as it possibly can. Somewhere out there are the right financial products for you but unless you have the mind of a forensic detective and understand the complexities of everything from insurance and pensions to hedge funds and derivatives get sound financial advice.

If you don’t already have someone in mind as an adviser one of the best ways to find someone good is to ask family, friends or colleagues for recommendations. You want someone who’s independent so that he or she can give you impartial advice about the whole range of products on offer. If you choose an adviser who isn’t independent they can only advise you on the products they work with. Some advisers specialise; if you want advice on pensions you might want and adviser who is a pensions specialist. Ask about the qualifications of anyone you are thinking of seeing.

The other question you have to ask is about how you pay for the service. You may choose an adviser to whom you pay fees upfront. Fees vary hugely so find out before you book your appointment. Try haggling to get the fees reduced if possible and ask for the first session to be free so that you get the chance to decide whether or not you have a rapport. The other option is an adviser who gets his or her fees through commission which you ultimately pay for because it’s added to the cost of the product you buy. Or you may pay for advice through a combination of the two.

Whoever you choose it’s helpful if you can build a lasting and trusting relationship which will make you both money for years to come. Remember that a financial plan made now needs to be reviewed frequently. What’s right for you in the current climate may not be right once the economy picks up again or if your circumstances change. The degree of risk you’re prepared to take with your savings and investments may be different when you’re single from when you’ve got a partner and children. Getting the right adviser is just the start of the process. 

Advertise with us  |  Privacy  |  Terms & Copyright                                                                                     Website maintained by USP Networks