The IFA Company’s Lucy McKinley discusses why using a local financial advisor is beneficial
The IFA Company’s Lucy McKinley discusses the reasons why using a local financial advisor is beneficial.
At this time of year, we often see adverts encouraging us to use our small, local businesses as much as possible. Of course, this is beneficial to the business owners who compete against larger companies for your trade, but is it beneficial for the consumer? When it comes to financial advice, the answer is yes. Here’s why:
Independence – I think it’s fair to say that all consumers want the widest possible choice of product at the best possible price. When it comes to financial advice, only an independent financial advisor can offer products from across the market enabling them to tailor a product suited to your needs. Larger companies are often restricted in the products and services that they offer, so it’s always worth asking if an advisor is independent.
Convenience – whatever service you’re buying, it’s always reassuring to be able to pick up the phone or pop into an office to speak to someone face to face. These days, financial advice can easily be arranged online with very little need to meet an advisor. But when making important decisions about your money, isn’t it better to be able to meet an advisor in person and form a personal relationship? Having a local office and the ability to meet clients in their own homes means that we’re always available whenever we’re needed.
Cost – it’s often the case that the bigger the business, the more easily they can drop the price of their products and services. Happily, when it comes to financial advice, the opposite is true. As a small company we can keep our charges low because we don’t have to pay huge costs for the running of our business. And most importantly, we have the flexibility to adjust our charges according to your financial situation, making our advice affordable for everyone.
If you’d like some more information on the benefits of taking advice from a small, local independent financial advisor then give us a call on 01946 821150, email [email protected], visit www.ifaco.co.uk or find us on social media.
Other articles by Lucy include…