How to choose a financial adviser

Ask your family and friends who they use, and if they would recommend them to you.

Make sure they operate from the whole market. This basically means that they have a wide number of lenders who they can approach on your behalf. Beware of advisers who only offer products from a single company, or those who can only deal with a handful. A good adviser should be able to deal with around 25 i.e. big enough to have choice, small enough to ensure good service.

Does the adviser deal with companies you know and have heard of. They should be able to point out to you which companies they work with and why. Large companies are usually there for price, and less well-know brands for service. Don’t be afraid if you’ve not come across a specific name before, most specialised lenders are now part of much larger, safer banks and building societies.

Do you like the adviser? This person could have an effect on your financial security for the next few years of your life. They don’t have to be your best friend, but you do have to be able to have a frank, honest discussion with them. You need to be comfortable with them, and the advice they give you.

The above advice was produced by Mr Manish Patel. BA (hons)

If you require any further information or have any questions regarding financial advice, please feel free to contact him. Email financial advisor

Also see:

Financial advisor
Financial advice
Stop repossession

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