• Homethe beginning
  • Customer Promisetreating customers fairly
  • Testimonialswhat our customers say
  • Blogwhat we say
  • FAQsfind out

Whole of Market Financial Advisors - Eastbourne IFA

Home » General - More info on what we do, Insurance - Personal and Business, Investments - ISA, Unit Trusts, Bonds etc, Mortgages - Residential, Buy to Let etc, Pensions - Personal and Auto-Enrolment » Whole of Market Financial Advisors – Eastbourne IFA

121 Financial Services are Independent Financial Planners that advise using the Whole of Market.

Independent Financial Advisers or IFAs are professionals who offer independent advice on financial matters to their clients and recommend suitable financial products from the whole of market. The term whole of market was developed to reflect a UK regulatory position and has a specific UK meaning.

The term “Independent Financial Adviser” was coined to describe the advisers working independently in the whole of market for their clients rather than representing an insurance company, bank or bancassurer. At the time (1988) the UK government was introducing the polarisation regime which forced advisers to either be tied to a single insurer or product provider or to be an independent practitioner.

Independent financial advisers must offer their clients the option to pay for advice by fee as an alternative to commission.  Typically an Independent Financial Adviser will conduct a detailed survey of their client’s financial position, preferences and objectives; this is sometimes known as a ‘factfind’. They will then advise appropriate action to meet the client’s objectives; and if necessary recommend a suitable financial product to match the client’s needs.

The term whole of market is commonly used in the United Kingdom where IFAs are regulated by the Financial Services Authority (FSA) and must meet strict qualification and competence requirements. There are now three main classes of adviser: tied advisers (working for one financial institution), multi-tied advisers (offering products from a selection of the market and usually paid on a commission basis) and independent financial advisers.

Individuals and businesses consult IFAs on many matters including investment, retirement planning, insurance, protection and mortgages (or other loans). IFAs also advise on some tax and legal matters.

If you require whole of market advise please contact us and we will be more than happy to help.

Wikipedia

Share on FacebookShare on TwitterShare on LinkedInShare on Tumblr
← Whole of Life – Inheritance Tax – Insurance – Advice
Find out more infomation on your pensions income today! →

Information Categories

  • General – More info on what we do
  • Insurance – Personal and Business
  • Investments – ISA, Unit Trusts, Bonds etc
  • Mortgages – Residential, Buy to Let etc
  • Pensions – Personal and Auto-Enrolment

Testimonials

I would like this opportunity to thank 121 FS for getting me the best deal on my income protection insurance. They explained in detail and in a way that I could understand the differences between my existing policy and my new policy. They were always extremely polite and always professional and have already recommended them to family and friends.

Daniel W

I approached 121 financial services roughly a year ago to give me some advice about starting a pension as I had nothing in place previously. I worked with Mark who gave me expert advice and made starting a pension really straightforward. Since then, they have also reviewed my life insurance and managed to increase my cover for the same amount of money I was paying. I would have no hesitation in recommending 121 FS to any of my friends or family.

Daniel W

Read More

Contact Info

121 Financial Services
25 Hyde Gardens, Eastbourne, East Sussex, BN21 4PX
01323 734530 - info@121fs.com

(C) 2012 - 121 Financial Services