Just 1 Question…
Would you send your children to be taught in a school where teachers are not qualified?
Is your financial adviser qualified?
There are a variety of qualifications within our industry, and as in many industries the level or, quality of qualifications, vary. From a qualification perspective, the UK is probably one of the most robust and rigorous environments.
You can easily check to see if your adviser is qualified to UK standards, by simply going to the Chartered Insurance Institute website, www.cii.co.uk . If you click on membership and then member search, you can then type in your advisers’ name. If they don’t appear with at least the designation Dip PFS next to their name, they would not be able to give advice in the UK.
I am sure, like us, you will see many adverts in the press and on Social Media from firms and individuals offering to provide Financial Advice. Sadly, many of these are not regulated at all.
Being regulated ensures that you have important protection against unscrupulous advisers. If the firm is regulated, you will have protection and some recourse action should the advice be deemed to be inappropriate to your personal requirements. In addition, any regulated firm has to hold Professional Indemnity Insurance, which adds another level of protection for you.
Any firm who is regulated will always state on any advert, or on their website, exactly who they are regulated by. Any firm that is regulated will be happy to share their licences with you.
Would you happily get on a plane knowing the pilot isn’t qualified?
Our Consultants are regulated by the FSC in Gibraltar, Registration number FSC1118B, and also registered with the FCA (UK) and both the DGS and CNMV in Spain.
They are qualified to level 4 with the CII, and are members of the Personal Finance Society. Both hold the Diploma in Regulated Financial Planning.
In addition to being both regulated and qualified, clients will also have peace of mind, in that they are dealing with a Family business which is here for the long term.
So, if you are unsure of your advisers’ regulatory status, or qualifications, why not contact us now for a free consultation?