2006-09-10 09:23:44 · 16 answers · asked by Wik 1 in Business & Finance ➔ Personal Finance
Charles Schwab has a good deal of free advice on its Web site, if you set up an account with them.
2006-09-10 09:27:51 · answer #1 · answered by Califrich 6 · 0⤊ 0⤋
Most financial advisers charge a fee as that is how they make a living. Sometimes if you are a member of an organisation such as a trade union there may be a benefit of membership including free financial advice. If you scan the adverts and junk mail you may get someone offering some free advice but it will usually be limited to an initial consultation.
2006-09-10 09:41:40 · answer #2 · answered by migelito 5 · 0⤊ 0⤋
I use two. I pay fees to one because they look after my family needs, wills, pensions, etc. and I wouldn't expect them to do it for nothing. The other one I use gives me money to invest! Ring Hargreaves Lansdown 0845 345 0800; they don't give advice but their literature is so good it makes it easy to choose an avenue of investment. They use a loyalty bonus system - this is made up of splitting any commission they get with you. As you probably know, when you invest in a company, that company gives the financial advisor commission for using them. Some companies allow you to deal direct with them without using a financial advisor. However, from experience I have enjoyed dealing with Hargreaves Lansdown for years and I am well pleased. Look at their website too, www.hargreaveslansdown.co.uk. Good luck!
2006-09-11 03:51:32 · answer #3 · answered by victorious 1 · 0⤊ 0⤋
Not really. Would you really want to depend upon and build a long-term relationship with somebody that had such a terrible business plan? They'll be out of business in no time if they don't make money.
Lot's of companies will offer basic financial advice on a complementary basis, but they're expecting to earn your business (loss leader).
2006-09-11 00:36:37 · answer #4 · answered by derek 4 · 0⤊ 0⤋
Nothing is free because people cannot afford to work for nothing. A good financial advisor will charge you. Can you get free legal advice - No. IFA's are highly qualified so why would they work for nothing. Pay and get good quality advice, it pays in the end. Nothing = Nothing - and that is likely to be the quality of advice that comes free. Good Luck
PS any investment company that gives you money to invest is money laundering and it is illegal. No investment company gives you money.
2006-09-11 08:48:54 · answer #5 · answered by MSMORTGAGE 3 · 0⤊ 0⤋
Well, there can be one that's free from your point of view because you don't have to pay him. However, most financial advisors get paid commission and do not charge for the advise they give you. But you need to find one. I'd suggest you visit the financial services authority's website - http://www.fsa.gov.uk/consumer/02_HOW/Advice/information.html. This shows links to other websites where you can find financial advisers - independed and shows whether they are fee based or commission based.
2006-09-11 01:06:24 · answer #6 · answered by scallywag 4 · 0⤊ 0⤋
No - you will pay in some form or other and you should have the charging structure outlined to you at the outset.
Would you expect a free solicitor or a free accountant? Finanical advisors do what they do as its their living and a lot of them run their own businesses not charities.
Would you work for free?
2006-09-10 09:43:59 · answer #7 · answered by Sonny Walkman 4 · 0⤊ 0⤋
Our services are free, and there are several others that are also free. Just make sure the agency you choose has a satisfactory rating with the Better Business Bureau.
Reputable agencies frequently have multiple forms of income that can include client donations, credit card donations and outright grants. This is where our income is created.
The first link is a state directory of local agencies. The second is our agency. Good luck!
2006-09-10 12:21:48 · answer #8 · answered by Anonymous · 0⤊ 0⤋
Have you ever heard the saying " theres no such thing as a free meal"
2006-09-10 09:30:49 · answer #9 · answered by fat man 2 · 0⤊ 0⤋
There is free sales literature, and salesmen masquerading as advisers, but not free impartial advisers.
FAs get paid either by commission of by fee and the latter usually cost much less - I mean it is less exorbitant. Any way, ask how much the advice is likely to cost, and to send you their "key facts document" before you go to them.
You may also like to know that in UK, a Which report found that 70% of them were unsatisfactory.
2006-09-10 09:57:30 · answer #10 · answered by Anonymous · 0⤊ 0⤋
Citizens Advice Bureau are really good. They will go through your finances and do what they can, but be careful as they are not regulated by the Financial Services Authority (FSA). Best of all, they are free and will give you independent financial advice.
2006-09-10 10:12:35 · answer #11 · answered by Anonymous · 0⤊ 0⤋