Chartered Financial Planners

How to Choose the Right Financial Adviser

Posted By on April 21st, 2021 in Blog, Financial Advisor, Financial Advisor Farnham

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Choosing a financial adviser can be a daunting process, but if you are in the position of needing help with money then it’s worth putting in the time and effort to find a good one. The right financial adviser can save you a lot of money, stress and worry. The first step to finding the right professional is to decide what you need them for. 

For example, are you nearing retirement and want advice on your pension. Or, are you looking to invest in stocks and shares, or an ISA? A financial adviser can also help you with mortgage or life insurance. There are numerous reasons you may want the help of a financial adviser, and there are also numerous types of financial adviser, so it pays to choose the best one for the job.

Types of Financial Adviser

Financial adviser is an umbrella term for a range of professions, mortgage advisers, investment advisers, pension advisers and financial planners all count as financial advisers. Sometimes they may also be called a ‘broker’ if they are dealing with mortgages, home or car insurance, or investments or shares. It can get a little bit confusing.

Whatever term the adviser is operating under, they all have to be regulated by the Financial Conduct Authority. This means there are rules they must stick to when offering you a service. 

How to Find a Financial Adviser

Asking friends, family or colleagues for personal recommendations is one way to find a financial adviser, however, it’s not always easy to work out how well the adviser does their job until after they have already given the advice, by which point you would have already paid. So you may want to dig a little deeper.

Some unions may offer guidance on financial advisers who are best qualified to deal with your questions, depending on your particular pension, so it can be worth checking with your workplace or union first. 

You can also check regulatory bodies such as the British Insurance Brokers Association (BIBA) to find a broker service. 


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