Are you uncertain about your financial future and need help?
We think that you generally have a good idea of what you want out of life. We also think you generally have a good idea about what resources are available to you to make this happen.
However general ideas are normally what keep people awake at night. What we do at Investor Profile is provide you with a better understanding of what you want and a better insight into how this could be achieved with the resources you have. This is achieved when you go through our financial planning advice process.
We offer three levels of financial planning advice depending on your needs. These can include:
- a detailed look at your financial position and assessment of how you can achieve your goals.
- a lifetime cashflow forecasting service that will make planning your finances so much easier.
- a life planning process than will draw out any hidden ambitions and re-energise them into achievable goals once we start to build in the financial aspects of living them through the detailed cashflow forecasting service.
Let us help you put a plan in place and create certainty about your financial future.
Background
Financial Advice from a Financial Adviser
When people need financial advice the normal process is to speak to a financial adviser. This type of professional adviser will often have the expertise and experience to deal with most financial and investment planning related matters. However there lies an important conflict of interest with seeking advice in this way.
A financial adviser who charges commission can only make money by selling a product. A client who seeks advice wants just that, advice, and not necessarily a product. This awkward situation can lead to unsuitable, biased advice and ultimately could end up with a client taking out a product they did not necessarily require. How can you ever be sure that you are getting the very best and most suitable advice, and not merely being sold a product that pays the most commission? The honest answer is that you can’t be sure.
Commissions paid to a financial adviser are funded by the management charges taken from the premiums a client pays in to their product. That is, the client pays for this commission by simply paying more for their product, be that an ISA, Pension, Life Insurance contract or whatever. Commissions paid to a financial adviser are typically in the region of £500-£2,000 and sometimes much more. So what seems like free advice at the outset can quickly turn in to quite an expensive arrangement.
Financial Advice from a Certified Financial PlannerCM
A Certified Financial PlannerCM will often take a much different approach. Being a member of the Institute of Financial Planning compels this type of adviser, often referred to as a financial planner, to a higher level of standards and ethics.
This type of adviser is trained to consider your overall circumstances, needs and future goals before starting to make any recommendations. Furthermore, a financial planner will often consider what is best for their client without the need to consider plugging gaps with products.
In this way it is possible to gain high quality financial advice. A financial planner will often charge fees for their work. This serves an important purpose. Fee based financial advice is different to most forms of financial advice.
By charging fees they are eliminating any possibility of bias towards making product recommendations. As they are being paid regardless of what they recommend the client can feel more confident they will be provided with suitable advice.
However this high quality nature of advice does come at a price. Typical initial fees payable to a financial planner are in the region of £2,500.
Financial Advice from Investor Profile
Investor Profile has developed a system whereby you can access high quality independent financial advice from a Certified Financial PlannerCM and Chartered Financial Planner but at a cost that suits you.
More importantly, because our financial advice is fee based we have no motivation other than to be as helpful as we possible can.
Many people dislike the thought of using commission based financial advisers as they cannot be sure of the adviser’s primary motivation. However with fee based financial advice you can be sure that your adviser will only recommend what’s right for you without the complication of commission muddying the waters.
The Investment Surgery is set up so that you can access our service for the smallest of queries or for more comprehensive financial planning requirements.
We have broken down the financial planning process so that you can choose what you pay for according to your needs. This way the cost of accessing quality financial advice is much reduced.
If you have a relatively straightforward query we might be able to resolve this for you through our Investment Surgery. If you require more detailed financial advice then we can move to the next stage of an advice report for which we have several options to suit your needs.
Because our entire service is telephone-based we can speak to you about your financial planning needs regardless of where you are in the country.
Contact us today for more information, or book an appointment online to speak to a Financial Adviser.
