Valuable Advice is
Invaluable
Last week we spoke about savings and investments and, with
the current low rates on savings, people are looking at various investments to
get a better return on their money. This is where good financial advice becomes important if you
want to make your money work for you.
There are lots of financial advisers out there, but it pays
to know the different types and what exactly is offered in terms of advice.
All firms and individuals authorised to advise on investment
products are registered with The Central Bank and a list of these may be found
on the Central Bank website.
Tied Agents sell
products from one company. They are limited in what they can advise as they can
only tell you about the products they sell for their company.
Multi Agency
Intermediaries can offer advice about different products from a range of
selected investment firms that they have a relationship with.
Authorised Advisors
consider all the financial products that meet your needs, and act in your best
interest at all times. You will get
impartial advice tailored to your needs.
You will get a document stating their terms of business which includes a
list of companies they are authorised to do business with and also get a letter
explaining the reason for any recommendation.
If you’re thinking of investing the most important
consideration is to have the right investment time frame and the right investment
risk profile. Talking to a Financial Advisor can help you decide what
investment is right for you, be it a product that can offer 100% capital
security or a high risk fund that can offer the potential for higher returns.
Feel free to contact Michael on 086 844 0541 or email us at
info@mkfinancial.ie
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