How to choose a Financial Planner in Kent:
Choosing a financial adviser for the first time is a daunting prospect. Their advice could save you a lot of money when it comes to handling your finances, so it’s importance to choose a financial planner that can offer appropriate advice for your personal situation.
Not all financial advisers offer the same levels of services, with both independent and restricted financial advisers providing different kinds of advice, while the fees charged greatly differs depending on the type of advice provided.
If you live in and around Kent and are looking for a financial adviser, be sure to check these tips for all the info you need to help choose the right person.
Are They Independent or Restricted?
A financial adviser is either independent or restricted, so the first step to choosing one is to identify which of these offers the best services for your needs.
For example, independent financial advisers (IFA) operate with much more freedom as they have fewer restrictions when it comes to the type of advice they offer. They aren’t tied to any financial organisation so are completely objective in their practices. There are many independent financial advisers operating in towns in Kent, such as Royal Tunbridge Wells and Tonbridge.
Restricted Financial Advisers advice may centre around their own products or services, or to a financial institute that they are associated with.
Ask for Recommendations:
There are many families in Kent that utilise financial advisers to great effect, so consider asking a friend, relative, or work colleague for a recommendation. However, these should only be used as a starting point to begin your research on possible advisers, as what works for one person may not necessarily work for you. See our vouched for page for some of the things people have said about us:
https://www.vouchedfor.co.uk/financial-advisor-ifa/sevenoaks/3509-craig-atkins
Determine the Service You Require
Financial advice covers a wide spectrum, so it’s important to know what you need from the service to ensure you choose someone appropriate. For instance, if you require investment advice then it’s a good idea to know what this relates to, such starting an investment strategy, organising the transfer of a pension, establish trust funds etc.
Ask them about their experience in the specialised service you need (e.g. pension transferring), who regulates them, and how they charge their fees (e.g. hourly, fixed rates, commission etc.) You want their services to be suitable to what you require.
The value of pensions and investments can fall as well as rise. You may get back less than you invested.
Transferring out of a Final Salary scheme is unlikely to be in the best interests of most people
The Financial Conduct Authority does not regulate Trusts.
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