Guide · Adviser types
What is an independent financial adviser?
Independent describes the scope of products and providers the adviser can consider. It does not automatically mean the adviser is the best fit for every client.
What does independent mean?
MoneyHelper distinguishes independent advisers from restricted advisers. An independent adviser can consider relevant products from across the market rather than being limited to a narrower provider or product range.
Is independent always better?
No. Independence is an important scope question, but specialist experience, client fit, service and fees still matter.
What should you ask?
Are you independent or restricted?Get a clear answer before proceeding.
What does your research cover?Understand how the adviser selects products and providers.
Who do you normally advise?Check whether your situation fits their usual client base.
How are you paid?Ask for the cash cost and ongoing service in plain language.
Verify the adviser and firm
Use the FCA Register and official contact details before appointing anyone.
Sources & further reading