Getting financial advice

Choosing a financial adviser

If you are specifically interested in investment companies, you will need an independent financial adviser who understands them.

The adviser must be registered with the Financial Services Authority (FSA) and may also be a member of a recognised professional body, like the Institute of Financial Planning (IFP).

You have no obligation to use just one adviser; you can get advice from several. Nevertheless, you may need to pay for this advice even if you take no action as a result.

Using your existing adviser

Many people already have an independent financial adviser. If you have an adviser you trust, ask if he or she is confident about advising on investment companies.

Get a recommendation

If your independent financial adviser isn't confident in advising on investment companies, ask if he or she can recommend an adviser who is.

Another good way to find an independent financial adviser is to ask your family and friends. Again, make sure the adviser understands investment companies well.

It's not a good idea to use an independent financial adviser who makes you feel uncomfortable or puts pressure on you.

Preparing to talk to your adviser

Further information