Getting The Right Advice

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• Introduction to getting the right financial advice
• Enhancing independence and impartiality
• But, whoever you choose...
• Other resources
• Finding a financial adviser

Introduction to getting the right financial advice

A financial adviser is defined by the Investment Advisers (Disclosure) Act 1996, as one "who, in the course of the person's business or employment, gives investment advice". This definition includes any person, ranging from a lawyer to a bank officer, who gives investment advice to the public.

It's reasonable to expect that a real estate agent will advise on property, a share broker on shares and bonds, an accountant on tax efficient products, a lawyer on legal products such as trusts, and a financial institution on their managed funds.

This is a generalisation, of course. But the underlying question is, how do we ensure that we're getting quality and independent advice - the right advice?