On this page
you will find details of links to personal finance websites and
organisations that provide professional advice, unsecured loans, debt
management, bankruptcy consultancy, debt recovery and independent
financial advice...
Companies promoting Personal Financial Services are
those that include the areas of; mortgages, loans, credit cards, savings,
insurance, banking, credit reports, personal taxation, credit cards and
debt management, pension planning, investment planning what and personal
finance news. Personal finance generally involves analysing an
individual's financial position in order to predict short term and
long-term needs and help implement a financial strategy using a range of
financial tools.
The
best person to obtain professional advice on personal financial matters is
an independent financial adviser or IFA. And independent financial
advisers role is to help people or businesses achieve their financial aims
in life. An IFA can provide simple explanations to sometimes difficult and
complicated financial concepts and issues. There are literally thousands
of types of Financial Instruments and Products available to consumers
these days and knowing which product choose is sometimes best left up to a
qualified financial adviser to recommend. In the United Kingdom, an IFA
has to pass rigorous exams and obtain approvals from regulatory bodies in
order to provide independent financial advice. There are different types
of Financial Advisors depending upon the exams past and qualifications
obtained. Advisors you can provide products directly to the public or the
via tied financial companies or multi tied. They may be there for
restricted to only talking about the specific products or financial issues
as opposed to 'whole of market'.
IFA will initially go through a 'fact find'
questionnaire of the client, in order to accurately analyse and document
the client's needs and requirements. It also demonstrates for regulatory
purposes that any recommendations made were made, bearing in mind by facts
provided by the client beforehand. IFA can access thousands of products
from within within their clients living room, via laptop software
technology. The basis of being a good IFA is based on complete trust of
the individual and making sure their personal financial aims are always
second to those of the client. Consequently, it is typical for regular
users of an independent financial adviser to use the same adviser for a
range of different issues (because they know them and trust them). To
become an IFA the benchmark qualification is the Certificate in Financial
Planning or equivalent.
If
you're thinking of buying a house and IFA can advise you on how much you
can have had to borrow more based on your income and other circumstances.
They can also clarify how much the loan will cost them provided options
and advise you regarding the types of mortgages available such as fixed
was, flexible, discounted buy to let and so on. Similarly, an IFA may have
access to 'whole of market' secured and unsecured loan offers from the
financial organisations.
