What’s a Financial Advisor?

Today, highly qualified expertise in turbulent financial markets is vital. Whether you are shopping for a pension, need help with understanding annuities or have a young family to protect with low cost term assurance, solid advice is essential.

When considering any sort of investment advice there are two types of financial advisers you can get help from – ‘independent’ and ‘restricted.’

Advisors who source their products and recommendations across the full range of financial products and providers available are called ‘independent advisers’ (IFAs).

However, since the introduction of the Retail Distribution Review (RDR) many advisers have chosen to offer ‘restricted advice’. This allows them to focus on a limited selection of products and/or providers because they have chosen to do so.

I am registered to offer ‘restricted advice’ (please see more below).

Your Assurance…

All financial advisers are regulated by the Financial Conduct Authority (FCA)

By clicking on the above link, you are now departing from the regulatory site of Carnegie Asset Management Ltd. Neither Carnegie Asset Management Ltd nor Intrinsic Wealth Limited is responsible for the accuracy of the information contained within the site.

Both independent or restricted must hold minimum qualifications, subscribe to a code of ethics and keep their knowledge current with financial markets through ongoing professional development.

NOTE: In my own instance it is Intrinsic Financial Planning Limited and Intrinsic Mortgage Planning Limited who are the authorised entities, of which Carnegie Asset Management Ltd is an appointed representative, and I am a registered individual through them.

All advisers must also undertake a ‘fact find’) to understand your financial circumstances and attitude to risk to understand which product or products would be suitable for you before they recommend anything.

It is important to note that the quality of the advice you receive will be the same, whichever type of adviser you opt for.

NOTE: The professional financial advice you get is protected. You have legal rights if a product any sort of advisor recommends turns out to be unsuitable for you.

This protection is not available to you if you buy without getting advice from either restricted or independent advisors though, such as buying annuities after doing research online on your own for example.

Before contacting an adviser it’s helpful for you to get all your ducks in a row. You may not have a full financial plan in place yet but you should know the following…

  • Financial assets.
  • Current debts owed.
  • How much you can save or invest.
  • What returns you’re hoping to achieve balanced against what kind of risk you’re comfortable with.

The above should be set against an understanding of the overall financial objective you’d like to achieve. If you’ve done this kind of homework prior to bringing an adviser on board they will then find it easier to help you set in place a viable plan to achieve your financial goals.

To finish up, in the end you pay your money and you take your choice. Just like a good dentist, when you’ve received good treatment from a Financial Adviser, you’ll return to them again and again in the future.

Call free from a landline on 0800 321 3508 or direct to mobile on 07803 508 187 to speak with William. Your first meeting is 100% free as well.

Contact me by email here…

Investment and Tax

The value of pension and investments and the income they produce can fall as well as rise. You may get back less than you invested.

The Financial Conduct Authority does not regulate advice on tax planning.

Call William…

Free from a landline: 0800 321 3508

Or click to call to his mobile : 07803 508187

Financial Advice

William on BBC Radio

Here is an interview William gave on BBC Radio Scotland where he
spoke with Fred MacAulay and Karen McKenzie about Cash
and Investment ISA’s

Listen to the BBC show here

MP3 and PDF Financial Guides


"I have introduced many clients of mine to Billy as I have complete trust in his professional ability." Tom Queen, Solicitor - Thomas Queen & Co. Dunfermline, Fife.


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Dates and Times

NOTE: I have been writing articles here since 2007 so please take note the date of the article, because obviously, things like laws or tax allowances etc may have changed since then.

I do try my best to keep up to date, but I'm only an humble advisor and there are hundreds of my financial articles here! Please call or email if you need to double check something. I'll gladly help.