Consumers Value Independent Financial Advice

Some interesting figures have been released by financial stats company Defaqto, which suggests that consumers value independent financial advice more than saving money on financial products.

My experience with consumers of financial products would have suggested that the reality is vastly different – many people mistrust financial advisers – although perhaps they’re confused by the different types of adviser that are out there. After all, many might think that their bank’s mortgage adviser is an IFA, for example, when he/she is likely to be a tied agent, only able to recommend from thier banks’ range of products.

When choosing to go for financial advice, try to make sure that your adviser is truly independent.

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