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How to Choose a Financial Advisor?

Finding the right financial advice company in Cardiff can make a huge difference to your financial health. So, you’ll want to interview several different IFAs to ensure they are the perfect match for you. Here are 5 critical questions to ask before you finalise a financial advice company in Cardiff.

What is your experience?

Ask your IFA about their qualification and their work experience. Further, ask how it aligns with their current practice. FCA approved IFAs must have at least one year of supervised experience or three years of unsupervised work experience in financial planning.

What is your qualification?

First and foremost, your IFA should be approved by the Financial Conduct Authority. Further, they must have a Diploma in Financial Planning, a Transitional Qualification and a Qualification gap-fill as necessary.

An IFA should have a Level-4 qualification as a minimum and must also carry an active Statement of Professional Standing.

What is your approach towards financial planning?

Ensure that your financial advice company in Cardiff has clearly outlined philosophy about investing. Specifically, your IFA’s approach must be highly aggressive or overtly cautious for your goals and requirements. Ask how he’ll execute his recommendations or refer chores to others.

What sort of clients do you usually work with?

Some IFAs like working with clients whose assets are in a particular range. So it is important to ensure the IFA will fit your particular financial situation. Do note that some IFAs expect the clients to have a particular net work before they offer their services.

At Romilly Financial, we believe that everyone should have access to expert financial advice. That’s why our services are available to you no matter your net work or asset range. Talk to us today for a free consultation.

What are your fees?

We give you complete flexibility when it comes to choosing a plan. You can pay a one-time fee for one-off services offered. Alternatively, you can choose to pay a retainer fee for ongoing financial advice.

Your IFA should not be getting any commissions or kick-backs from your investments. That’s the best way to ensure you are getting neutral and unbiased advice. Ask your IFA how they will charge for their services, and how much their services will cost.

Hire the Best Financial Advice Company in Cardiff

When you are looking for the best financial advice company in Cardiff, look no further than Romilly Financial. We are a local IFA with years of experience. Get in touch with us today for a free initial review.