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What is a Certified Financial Advisor? |
mikel
18-09-2007 07:47
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Financial advisors may need a license to practice, issued by the Financial Services Regulator in their Country. Only these advisors may be called 'Certified Financial Advisors'.
It may be a condition that prospective certified financial advisors show their Regulator that they are:
* competent to advise
* impartial in their advice
* independent of Providers
* covered by professional indemnity insurance.
So it is important to check that your financial advisor is listed under:
* Certified Financial Advisors, licensed to advise in the Country where you live and
* Independent Financial Advisors - advising on a wide range of offshore plans from a full list of providers.
Now you should feel confident you are receiving the best offshore financial advice.
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Re: What is a Certified Financial Advisor? |
keane
18-09-2007 07:48
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Independent financial advisors (IFA's) earn their living from commissions they receive from plan providers. This is their income for the offshore financial advice they give.
The commission that advisors (IFAs) receive from offshore financial advice cases may range from hundreds to thousands of dollars.
Good offshore financial advisors should not be influenced by the amount of commission they receive.
Some clients prefer to pay fees to their financial advisors for advice to ensure impartiality. When this occurs offshore financial advisors refund commission received from a plan provider either in cash or as an increased allocation of contributions invested.
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Re: What is a Certified Financial Advisor? |
joyride
18-09-2007 07:49
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Search the web! Try searching using the search words independent financial advisors or certified financial advisors PLUS the name of the Country in which you live.
Personal recommendations are always helpful - ask your friends if they would recommend their offshore financial advisors. Always check that a recommended advisor is both certified and independent.
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