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 is MoneyShamed boss of Provident was adviser to watchdog as it probed firm's credit card armThis is MoneyDisgraced doorstep loan boss Peter Crook was advising the City watchdog while it investigated his firm's credit card arm. Crook quit as head of Provident Financial this week as shares crashed following a massive profit warning and revelations of a ...and more »
BBC NewsBrides 'will have lost their money' after shop closureBBC NewsShe said she has "absolutely no idea" how she's going to get the money back. Mrs Connolly said: "If they've paid on credit card, I know they'll get it back. "If they haven't, with the financial problems we've got, there's no way we can personally pay ...and more »
Daily Post North WalesSuccessful mortgage adviser's double life as cocaine dealerDaily Post North WalesSteven Craig Budgen was caught after a police investigation which unearthed messages between him and taxi driver Paul Williams discussing how much money they could make from supplying the Class A drug. Up to £4,000 of the drug was seized during ...
Mortgage Solutions (registration) (blog)'It's a level of performance we wish all lenders could replicate' – MarketwatchMortgage Solutions (registration) (blog)How existing lenders continue to evolve and react to the changes in the market is equally as important. Congratulations should also go to Virgin Money, Accord Mortgages, Leeds Building Society and Metro Bank for how they re-launched their propositions.
AOL UKiPhone users: don't fall for this fake text - AOL UK MoneyAOL UKApple is warning iPhone users to be on their guard over a new scam aiming to steal user names and passwords. If successful, the trick allows cybercriminals to ...and more »
Have you met...
Latest Members:


dasfasfd


yangying


elvafeng


scott154


sara


luiscastillo


agdfgasd123456

 

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