the Shape of Money logo about us newsletter contact us site map search legal
Home #

Getting The Right 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?