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How to find a trustworthy and reliable Independent Financial Planner?
GustyGardenGalaxy
Posts: 762 Forumite
Where to start? There's plenty of IFP's about but it's finding a good one that's the issue.
I don't know anyone who uses a financial planner so I can't go via word of mouth. So how to find a really good financial planner?
Just to reiterate that I'm after a planner, not an advisor.
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@GustyGardenGalaxy I went through the same exercise myself for pensions a few months ago and I went by asking on trade forums (you might not have access to those), Google reviews and YouTube channels (quite a few have their own YouTube channels).
I found it quite hard tbh as a lot of the good experienced ones don't really need any new business, don't advertise, rely almost wholly on word of mouth, can pick and choose whom to work with, and work pretty short hours.GustyGardenGalaxy said:Where to start? There's plenty of IFP's about but it's finding a good one that's the issue.I don't know anyone who uses a financial planner so I can't go via word of mouth. So how to find a really good financial planner?Just to reiterate that I'm after a planner, not an advisor.I am a Mortgage Adviser - You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
PLEASE DO NOT SEND PMs asking for one-to-one-advice, or representation.
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I found it quite hard tbh as a lot of the good experienced ones don't really need any new business, don't advertise, rely almost wholly on word of mouth, can pick and choose whom to work with, and work pretty short hours.That is the situation locally, with firms I class as the better ones and for ourselves. No adverts, no marketing. Will appear on google search and free entries but get all business from existing clients and their family members and their friends.Just to reiterate that I'm after a planner, not an advisor.What difference do you think there is?
There are two types. FAs and IFA. All IFAs and FAs are planners. However, FAs are more likely to be sales reps.
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.2 -
You could try
https://adviserbook.co.uk/
Tick "confirmed independent" and other requirements when the menu comes up then ring round to establish terms etc.1 -
As I always mention here, a quick and easy check you can do is whether they have any FO decisions against them, that could be a warning sign, most apparently have none. You can search here https://www.financial-ombudsman.org.uk/decisions-case-studies/ombudsman-decisions
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Thanks for all of the suggestions.
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