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A Financial Advisor gives financial advice to clients on a variety of financial products such as mortgages, pensions and loans.
There are two types of Financial Advisor, tied and independent. A tied advisor gives advice relating to one (or more) organisation's product range whereas an Independent Financial Advisor (or IFA) can give advice on all products available in the market.
Some Financial Advisors specialise in one particular type of product such as pensions and will give advice on just pension-related products. Others provide advice on all financial products available to a client.
There are a number of different qualifications available to Financial Advisors, examples of which include the Certified Financial Planner (CFP) from the Institute of Financial Planning and the Advanced Financial Planning Certificate (AFPC) offered by the Chartered Insurance Institute.
Recent salaries for roles advertised at time of writing (Nov 2009) include:
Are you a Financial Advisor? Would you like to contribute to our "Day in the Life of..." series? Email us at email@example.com for more details.
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