The Third Service - Independent Financial Advice
Finally, should your financial plan indicate that you need financial products to satisfy the needs of your financial strategy, (and therefore your real goals and objectives), then, and only then, do we move to the third stage of the process.
This is where we research the whole market to identify the financial plans or products best suited to your objectives and the needs of your financial plan. This stage involves the use of sophisticated independent product research software to compare product ‘wrappers’, fund performance, volatility, and asset allocation for suggested funds, etc. This stage will involve rigorous research on our part including a detailed recommendation report. The value of your investments may go down as well as up and you may get back less than the amount invested. If we suggest investments to you which are subject to this risk, we will remind you of this fact at the time of giving the advice.
This third stage is always the final stage of the comprehensive process we use with clients and it only occurs when we know exactly what you are trying to achieve in the first place. In many ways this process is directly opposite to most financial advisers who are only interested in selling plans or products. We believe that a financial adviser has no right to talk to you about any plans or products unless they have carried out this three stage process