What does independent financial adviser mean?
Definitions for independent financial adviser
in·de·pen·dent fi·nan·cial ad·vis·er
This dictionary definitions page includes all the possible meanings, example usage and translations of the word independent financial adviser.
Wikidata
Independent Financial Adviser
Independent Financial Advisers or IFAs are professionals who offer independent advice on financial matters to their clients and recommend suitable financial products from the whole of the market. The term was developed to reflect a UK regulatory position and has a specific UK meaning, although it has been adopted in other parts of the world, such as Hong Kong. The term "Independent Financial Adviser" was coined to describe the advisers working independently for their clients rather than representing an insurance company, bank or bancassurer. At the time the UK government was introducing the polarisation regime which forced advisers to either be tied to a single insurer or product provider or to be an independent practitioner. The term is commonly used in the United Kingdom where IFAs are regulated by the Financial Conduct Authority and must meet strict qualification and competence requirements. Typically an Independent Financial Adviser will conduct a detailed survey of their client’s financial position, preferences and objectives; this is sometimes known as a ‘factfind’.
Numerology
Chaldean Numerology
The numerical value of independent financial adviser in Chaldean Numerology is: 2
Pythagorean Numerology
The numerical value of independent financial adviser in Pythagorean Numerology is: 5
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"independent financial adviser." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/independent+financial+adviser>.
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