Finding an honest, reputable IFA

masonic

LHW99 said:

Nevertheless, allowing for those drawbacks, if they are registered (IFA or FA) they should still be honest. I believe you can look up whether there are any judgements against particular firms, and what for - I don't know quite where that can be found, but someone here will.

If you walk into your nearest high street bank in search of a savings account, the person you speak with is very likely to be honest, and they will probably give you the most suitable product from the bank's range. However, it is very likely you'd leave with a product that was not the best option available, and it might be pants.

LHW99

Whether or not they are honest or not isn't in issue.

Well the OP's title for the thread was "Finding an honest, reputable IFA", so I presumed honesty was a part of the requirements!

If you walk into your nearest high street bank in search of a savings account, the person you speak with is very likely to be honest, and they will probably give you the most suitable product from the bank's range. However, it is very likely you'd leave with a product that was not the best option available, and it might be pants.

Indeed, as would be the situation (in most cases) with an FA rather than an IFA.