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IFAs
Ellen_135
Posts: 4 Newbie
Hi, is it ok to see two different advisers for their free 1 hour initial consultation? Or would this be considered to be wasting the time of whoever I don't end up going with?
The two IFAs seem quite different in terms of fee structure, ethical outlook, location, etc and ideally I'd like to compare them but obviously don't want to waste anyone's time.
Thanks in advance.
The two IFAs seem quite different in terms of fee structure, ethical outlook, location, etc and ideally I'd like to compare them but obviously don't want to waste anyone's time.
Thanks in advance.
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Comments
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It's fine, shop around. I talked with four IFAs before selecting one to handle a pension transfer. It's part of their marketing costs.0
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If you don't compare how can you establish what you are comfortable with? Look upon any free time offered by IFA's as a marketing investment.0
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Two may not be enough, the free hour shoudl be viewed as part of their marketing budget so feel free to visit more until you find one you gel with.0
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Hi, is it ok to see two different advisers for their free 1 hour initial consultation?
Yes.
The only thing I would say is that if you allow both to write off for policy information, then that can cause problems as these letters can cross each other and one adviser may not get the information as the second one has superceded it. So, don't do the letter of authorities until you know which one you want.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
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Definitely worth it, and no good IFA should even get annoyed if you tell them they're one of a few you're seeing.I am a Chartered Financial Planner
Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.0 -
Just out of interest, do the IFAs go over the charges and fees at the free meeting as well? If so, then it is worth looking at the competitive pricing as well. Just make sure that they are actually IFAs0
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Agree with the comments above.
New clients almost always tell me they are also speaking to other advisers, so it's pretty much expected.
Make sure you find an IFA that you're happy with, as you could well be starting to build a relationship that lasts many years.I am an Independent Financial Adviser. Any comments I make here are intended for information / discussion only. Nothing I post here should be construed as advice. If you are looking for individual financial advice, please contact a local Independent Financial Adviser.0 -
Thanks so much for the replies everyone, that's good to know. Thanks again, much appreciated.0
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HappyHarry wrote: »Make sure you find an IFA that you're happy with, as you could well be starting to build a relationship that lasts many years.
Make sure you've got plenty of money though or they might just terminate the relationship early.0
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