Financial advisors

Identify at least one reason why the role of a professional advisor is important given you can find a lot of information about financial matters online?

Which of the following statements about financial advisers is not correct?

• Although anyone can call themselves a financial adviser and offer advice to the public, it is beneficial if they register as Financial Adviser with the government.

• You can check whether someone is a Financial Adviser by looking at the Financial Service Providers Register on the Companies Office website.

• It is possible for a nominated representative to give basic financial advice.

• A Financial Advice Provider (FAP) can engage Financial Advisers to provide financial advice to clients.

The best financial adviser for you, might not be the one who has the best qualifications or the most experience. Give one reason why this is the case.

. What does the role of a mortgage broker involve?

• To work on behalf of a client wishing to get a loan for a house

• To work on behalf of the bank to give out loans

• To discuss your current financial position

• To lend you money

When you use a financial adviser, they must provide you with a ‘disclosure statement’. Why is it important that you read this document?

One way to help a financial adviser carry out their role is to write notes before each meeting you have with them. Explain why this is.

• Writing notes helps make sure you remember to tell the adviser all relevant information at the meeting so they have everything they need to provide the right advice to you.

• Advisers perform a lot of functions. If you write notes before each meeting, it can help make it clearer to the adviser as to what you actually need from them.

• Writing notes may help you to keep both yourself and the adviser‘ on track’ during the meeting

• All of the above

What is the role of a bank adviser, and how is it different from the role of a financial planner?

Have you engaged in the services of a lawyer before?

• Yes

• No

Have you engaged in the services of an insurance advisor before?

• Yes

• No

Have you had good or bad experiences with any professional advisors? If so let us know what....