An Independent Financial Adviser is usually a specialist in their field, brought in to provide advice, normally to an individual or business on their financial future. Advisers can be specialists in many different fields of investment, although an advanced level of knowledge is required in order for their consultation (and consultation fee) to be justified. They tend to hold postgraduate qualifications in their field.
Many Independent Financial Advisers work freelance or in contractual positions. This can be both rewarding and challenging: Advisers tend to command good rates, although in each job they are staking their reputation. They can also work according to their own schedule, which may provide their lifestyle with a degree of flexibility. It should be noted, however, that working alone, with sole responsibility for the finances of a client, can be a heavy burden to bear.
Independent Financial Advisers are generally responsible for providing financial advice following analysis of a client's position. They are often brought in to provide consultation to those with less knowledge, and can therefore be responsible for moulding the general direction of an individual's finance.
- Personal organisation skills are required
- A keen mathematical and financial ability