If you’re looking for financial advice, you may be wondering “what is a financial advisor?” and “what does an IFA actually do?”. People often go to an adviser with a specific need for example “I want to consolidate my pensions: or a broader goal “ wanting to review all finances and make sure they’re well set up for retirement. People approach advisers at all stages of life – young families, mid-life, pre-retirement, post-retirement, later life, marriage, death and divorce.
Here’s some insight into how IFAs such as Clifford Osborne can help…
- Financial advisers help people with their long-term financial planning, including investments, pensions and annuities. Some will also help with life assurance and mortgages. They may also help in specialist areas like inheritance tax planning, estate planning or ethical investing.
- An adviser will start by building up a full picture of a client’s situation – finances, future plans (and what they’ll cost), and how cautious or adventurous you wish to be with their money.
- They will then provide a high-level plan, or set of options, outlining implications and choices. This might cover how much needs saving for the short-term vs. investment for the long-term, or whether to invest through an ISA and/or pension.
- Once a plan is agreed, they will then go on to hunt out the very best accounts, funds or products for you. With your permission they will then complete the necessary administrative work to execute the various transactions.
- Finally, an adviser will be able to provide regular updates on how finances are performing, and periodically review a client’s situation.
Clifford Osborne are Independent Financial Advisors (IFA) based in Eastbourne, East Sussex, offering pension planning advice, mortgage advice and more. You can read our VoucherFor reviews here. Our clients often come from Uckfield, Lewes, Brighton, Tunbridge Wells, Hastings, Bexhill, Newhaven, Seaford, Crowborough and further afield. Get in touch for arrange your free initial financial review.
