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Financial Advices and Types by John Mathew





Article Author Biography
Financial Advices and Types by
Article Posted: 09/19/2013
Article Views: 268
Articles Written: 30
Word Count: 624
Article Votes: 0
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Financial Advices and Types


 
Finance & Investment,Tax,Marketing
The tied advisors are generally a part of some kind of financial institution, who could surely suggest you some great advices, but the advices were always about certain banks or other institutions the advisors are tied to while the independent advisors were qualified to give you suggestions for all kind of products available from any bank or other institution.

From January 1st, 2013, with the introduction of a new legislation called the Retail Distribution Review, every financial advisor will come under a specific category defined by the law. With the new set of rules, the financial advisors will be given specific names based on the type of services they offer. With such a typical task you can rely on professional services of accountants in Bromley. The types of financial advisors: From January 2013, it is essential for every financial advisor to have a minimum set qualification at the very least to work as a financial advisor. This qualification is set to the undergraduate degree and it is a must for all kinds of advisors with no regards to the type of advices. The accountants in illford can help you in managing your advices. Independent financial advice: To call self an independent financial advisor, the person must have: •Knowledge of the market which is based on the effective analysis of market trends. •It is important that the person must provide advices which are not biased towards a particular product •Should not be working as a paid employee for his advices from any of the service providers. This enhances the quality of the advices they are providing. The new list of rules is applicable on all type of products which fall under the category of retail market products and services. The accountants in Dartford are experts in all kind of financial advice services. Platforms: Some of the financial advisors use various platforms to provide the services to the customers. Internet is widely used as the platform to provide all types of financial advices to the customers in one place. Platforms work as acceptable independent devices for the advisors to provide advices to the customers, as long as the advices are given to support the plans financially for the customers. However, for the advisors, use of more than one platform is highly suggested. To better understand the terms and have professional assistance you should hire accountants in Bexley. Some of the advisors use the model portfolio method to showcase the products. In this method, they keep a selection of several financial services gathered together to provide assistance to the customers. It is more like having a ready to provide service to the customers as the services are pre-defined. Modeling the portfolios is a good practice for the advisors and it also helps the customers in better understanding the products. However, it is highly suggested for the financial advisors to carefully construct the advices for the clients and make sure that the services are matching the needs of the client. The model portfolio methods are highly suitable for the tied advisors as they only a number of products and services which they are bound to provide. Even the independent advisors can use such a model, but before doing this, they need to make sure that they have thought of every available option first as they have all the options available to them. Restricted advisors: Restricted advices are generally restricted to just one field of subject such as a particular service of product. The advices of this kind are given about just one area, but the analysis in performed on the entire market scenario. To make sure you get the best advice from the financial advisors, you can hire the accountants in Gravesend for expert assistance.

Related Articles - Bexley accountant, Darford Accountants, Kent Accountants,

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