Money Matters with The IFA Company
When it comes to money matters we could all use a little advice, but would think about seeking it professionally?
If you’re really invested in your future – whether that’s saving for your children’s future or planning for retirement – Lucy McKinley, Financial Advisor at the IFA Company in Egremont, has all the answers.
What is the IFA Company?
The IFA Company is a firm of independent financial advisers. We’re based in Egremont and we advise clients throughout Cumbria and further afield.
I don’t have any money to invest, so why do I need financial advice?
That’s probably the most common response from people when they learn I’m a financial adviser. Financial advice isn’t just about investing large sums of money, we can advise on a range of needs throughout an individual’s lifetime. For example, a young family may benefit from advice on savings and protection policies whereas an older person might need help with pension savings and retirement options. Financial regulations and products are always changing, as are individual’s financial priorities, so most people will benefit from ongoing financial advice.
If most people can benefit from the services you offer, why don’t more people use an adviser?
I think a lot of people have been put off financial advice because of the negative reputation of the financial services industry. We’ve encountered a lot of distrust as a result of bad press about a few corrupt advisors who have ripped off investors. There’s also a lasting memory of the days when some IFAs charged high commission rates and didn’t disclose these costs to investors. Nowadays financial advice is a very closely regulated industry, all advisors have to obtain minimum qualifications and maintain high standards. We also have to be very clear about what our services entail and how much advice will cost.
Talking of which, what will it cost if I come to you for advice?
The cost of our advice will depend on your needs and the products we arrange on your behalf so it’s difficult to say without knowing about your circumstances. But we think it’s important to be as clear and affordable as possible so our initial exchanges are always free and we don’t charge anything until you’ve agreed on the fee that you’ll pay for our services. Research has shown that our charges are well below average because our overhead costs are much lower than those of firms in large cities.
I think I might benefit from some help, where do I start?
The best place to start is contacting us to discuss your needs. We can arrange a free initial discussion in which we’ll talk about your circumstances and financial priorities.
For more information visit www.ifaco.co.uk or call for a chat.
