What does an Independent Financial Adviser do?

An IFAs job is to determine;

1. The financial goals of a client

2. Assess the current financial situation

3. 3.Determine the clients attitude towards investment risk
   

4. 4.Give recommendations and advice on financial products and services available to meet the clients financial goals.
   

What are the Benefits of working with an Independent Financial Adviser?

IFAs have the benefit of being able to select from a wide range of financial products and services available in the marketplace. IFAs are not limited to any one company or type of financial product therefore they can give you a more customised approach to financial planning.

IFAs are bound to the Financial Services Authority rules, which obliges them to provide advice most suited to your personal requirements and your risk outlook. When financial products are recommended they must take into account the benefits provided, charges, flexibility, service and financial strength.

All IFAs must be authorised and regulated by the Financial Services Authority and are obliged to offer what is termed 'suitable advice'. This means that they have to gain a full understanding of your circumstances and requirements before helping to choose any financial products (they will record your information so you can double-check that they really have understood).

How do I pay an IFA?

By paying a combination of fees and commission.  We will rebate back into the financial products some or all of the commission to offset against our fees.

1. 1.By paying the adviser a fee, this is known as 'fees only' advice. This service is billed on an hourly basis to produce a report of findings with financial recommendations.
   

2. 2.By paying indirectly through commission, which is deducted by the product provider from the products you may take out.  All commission payments to your adviser are disclosed to you.
   

3. 3.By paying a combination of fees and commission. We will rebate back into the financial products or hand to you some or all of the commission or offset it against our fees.
   

Before you decide to work with an Adviser at Holdaway Johnson you may be eligible to receive a Complimentary One on One 1 Hour Financial Assessment.

What are the Qualifications of IFAs?

IFAs can pass examinations relating to a wide variety of topics.

Holdaway Johnson Financial Services is listed with www.unbiased.co.uk a website run by IFA Promotion Ltd., the industry body responsible for promoting independent financial advice in the UK.

www.unbiased.co.uk independently assesses the qualifications of all IFAs. Chas Johnson has been assessed and has been given the designation of Level B.

Financial Advisers with Level B qualifications demonstrate a high level of expertise and have a more specialised knowledge of financial products.  They are able to provide detailed analysis of financial information and can devise solutions to complex financial problems. Advisers with a Level B qualification may be eligible for a higher level of membership of a professional body.  Professional bodies require all members to sign up to a code of conduct. Level B qualifications are set at a standard equivalent to components of a degree.

To learn more about qualifications of IFAs and to compare us click here.

Holdaway Johnson Financial Services Ltd. are authorised & regulated by the Financial Services Authority. The Financial Services Authority does not regulate all the products and services we provide.