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We have all heard scare stories in relation to choosing an unbiased Financial Advisor. Most of these anecdotes derive from years past once the whole industry was not correctly policed. Nowadays you can find so many different ways that you can choose an IFA who is both reputable and right for you. Choosing an IFA is arguably one of the most important financial decisions you will ever make so taking time to research and compare providers is to be encouraged. There are generally regarded as three different types of financial advisor – independent financial advisers who search the complete market because of their clients, tied advisers who operate solely on behalf of a particular company, for example a bank. There are also advisers who are multi-tied and who sell products provided by a fairly limited selection of companies. Benefits The real and outstanding advantage of consulting an IFA is that they can act with respect to you the client instead of in their own interests or the people of the organisation they're selling financial loans for. The IFA will search the complete market and will actively seek out and provide tailored solutions which will suit you the customers needs. So what should you do? One of the first steps you will need to take when searching for an IFA would be to select a couple of providers which look likeliest to meet your requirements. Consult with family, friends and colleagues and ask for personal recommendations. Have a look at internet review and comparison sites. The neighborhood press can even be a starting point. When you have narrowed your search right down to a few individuals, contact the IFAs of one's choosing. Call them for a casual chat and to see how you feel. You should be confident and more comfortable with whoever you decide to advise you on your own finances. Remember that you're the one in control and not the other way around! When you are talking to the IFAs of your choice, ensure that they are completely independent. Enquire about qualifications – avoid being scared. Try to find an adviser who has the Diploma or Advanced Diploma in Financial Planning or who is a certified or chartered financial planner. When you are in doubt and so are looking for a testimonial it is not unfair to ask to be put in contact with other current clients. Remember this is your hard earned money we have been talking about. Enquire about fees. Do they charge per hour or do they take a commission? Perhaps this can be a mixture of both? You will need your IFA to be completely transparent. If they are not then don't get involved. follow this link is that you the client feel comfortable with regards to the arrangement. Ensure that all dealings and conversations are transparent and that you understand exactly what the IFA does for you constantly. This works both ways, continually be honest about your position and you will not go wrong.