Go For Tursted Financial Advisor In London

Finding a trusted financial advisor was already hard.  It is critically important to understand if your financial advisor in London will be acting as a fiduciary for you or, instead, seeking investments that are suitable for you.

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It is also important, though, to learn if this is a trusted person that understands your needs, offers an approach that feels comfortable, and has the experience you seek for your unique circumstances. To help navigate the sometimes stressful search, we have put together our top five recommended questions when seeking a financial advisor.

1. Are You a Fiduciary?

The fiduciary standard legally obligates advisors to put your interest before their own. Advisors that work under a fiduciary standard must disclose any conflict of interests and share with you whether they benefit from recommending any products or other professionals. They must be transparent as to the fees the advisors get for that advice.

In contrast, the suitability standard is standard requires advisors to suggest investment products that are appropriate for you. There is no standard to conclude that the investment will help you achieve your goals or is in your legal best interest.

Also, there is no requirement to fully disclose any conflicts of interest, potentially allowing an advisor to recommend products that may provide higher commissions for themselves instead of similar products with lower fees.

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