What to expect from your first meeting with a financial adviser
It will probably take about one hour of your time. Depending on the adviser, the
meeting will either take place at your home or they will invite you to their office.
The advice will be based on a selection of products from the whole market.
The adviser will want to understand as much about you as possible, before choosing
the right type of product for you. Be prepared for them to ask you questions about
your:
- Personal circumstances (age, family dependants, age you’d like to retire)
- Financial situation (mortgage details, number of current savings, investments, weekly/monthly
expenditure)
- Attitude towards risk
The adviser should then show you at least 2-3 different companies details for you
to choose from. It’s the role of the adviser to recommend the most suitable product
for you based on your answers to the above questions. It’s entirely up to you whether
you listen to their advice. If you’ve done your own research prior to this meeting,
you may want to suggest a couple of alternatives you have read about. Please share
this information with the adviser.
It’s quite possible, that you’ll need time to think over these options before making
this long-term commitment. It’s perfectly normal to arrange a second meeting with
your financial adviser before you make your final decision. You may be charged for
their advice.
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