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Personal finance


Are you looking to hire a new financial adviser? Or maybe you’re reviewing the value you receive from your current bank or stockbroker. If so, here are some questions that you may find useful to help you identify which firm could offer exactly what you’re looking for.


1. What, specifically, are the services I will receive? • Do they offer an impartial financial planning service, incorporating all aspects of your finances (ie. not simply focusing on those areas where they can sell investments or other financial products)?


• What is the process for reviews and how frequent are they?


• Who will carry out the reviews and how will the advice be delivered (eg. face to face/written report/etc.?) • What are their specialisms?


2. What qualifications & professional memberships do you hold? • chartered Financial Planner is the premier technical qualification. issued by the Personal Finance society. the equivalent of an undergraduate degree and other professional qualifications, eg. chartered accountant or solicitor (llb).


by Ian Thomas CFPCM Director, Pilot FINANCIAL PLANNING.


10 QUESTIONS TO ASK YOUR FINANCIAL ADVISER


• certified Financial Planner (cFPcm) is the preferred qualification of many leading financial planning professionals. A similar status to Chartered but with a greater emphasis on the ability to deliver a holistic financial plan. issued by the Institute of Financial Planning.


• Diploma in Financial Planning (Dip PFs, or Dip Fa), or equivalent, is the minimum qualification required to operate as a regulated financial adviser after 1st January 2013.


• can you see a copy of their statement of Professional Standing (mandatory from 1st January 2013)?


3. What is your previous experience? • how long have they been in financial services?


• Who were their previous employers? 4.


Is your business able to offer independent advice? • if not, what are the restrictions on your advice?


5. What does your typical client look like? • can they give you examples of existing clients who are in a similar situation to you?


• are you able to obtain references?


leading the way in financial planning & wealth management


For more information contact Ian Thomas 01803 771 096


ian@pilotfinancialplanning.co.uk


Pilot Financial Planning is authorised & regulated by the Financial Conduct Authority. www.pilotfinancialplanning.co.uk


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