financial education

What Is a Financial Advisor?

  • What Is a Financial Advisor?

    General definition is:

    “ A financial advisor is anyone who gives you advice about your money”


    Financial advisors provide clients with specialist advice on how to manage their money. The role involves researching the marketplace and recommending the most appropriate products and services available, ensuring that clients are aware of products that best meet their needs, and then securing a sale.


    Types of advisors

    There are many different types of advisors with different titles and qualifications. Some may have more than one title.

    Sometimes they are named by their specialism such as ‘mortgage adviser’, ‘investment adviser’, ‘pension adviser’ or ‘financial planner’.

    Sometimes they are known as ‘brokers’ – often when dealing with products such as:

    • mortgages
    • home and car insurance, or
    • Investments ( including shares)

    Whatever they might be called (or call themselves), what all financial advisers in the UK do have in common is they’re regulated by the Financial Conduct Authority (FCA).

    This means there are rules they must follow when dealing with you.

Cash ISA

  • Available to individuals over 16 years and UK resident.
  • Enables them to invest cash and generate interest which is tax free.
  • The savings limit of £20,000 is renewed every tax year.
  • Tax efficient savings plans.