The Best IFA London has to Offer? Ask the Experts
Financial advisors can be classified in two different ways the advisors associated with large banks and lenders, and those who operate independently. These Independent Financial Advisors (IFA) are able to provide you with products from a number of different lenders to ensure the best selection in financial produce and the highest quality of un-biased advice. Understanding how an IFA differs from the employees of the lenders will allow you to find the best IFA London has.
The Dependent Players
This category comprises of players who act as agents for the established banks and lenders. They represent their clients the lenders who are also the ones to sign their pay checks.
While some consumers choose to work with this type of advisors because they feel that they are getting the best rate, cutting out the middle man, but working directly with the lender. Others feel that the lack of different company products means higher prices due to lower competition. No matter what your opinions on price, the most important thing is to realise that these agents have a fiduciary responsibility to their employee to ensure that they are maximising profits.
The Independent Players
Hunting for the number one IFA London offers can be difficult due to the large number of Independent Financial Advisors in the city. Allow Compare the Financial Markets to recommend you experienced, trustworthy IFAs that keep your best interests in mind and provide un-biased opinions on financial matters.
An independent advisor can provide you with a number of services such as help with investing, tax planning, and access to financial products such as insurance. The best IFA London has is going to be the one who can offer you knowledge based on experience and a wide range of different products from hundreds of different financial companies and lenders.
