At the chance of sounding facetious, an unbiased financial adviser is someone who gives independent suggestions about financial matters In fact, stating the rather obvious in this way put an important pressure on the three vital the different parts of the independent financial adviser's role Independent The independence of the adviser is crucial When an independent financial adviser is consulted, you should know that she or he has no vested interest and will not be influenced in any way by selling an individual company's products Independence means that the client can expect the adviser to do something completely impartially, entirely in the client's needs, and not because there is an established dependent relationship between your adviser and one particular supplier The significance of this independence can't be stressed enough The adviser needs to be licensed by and is regulated by the Financial Services Authority, and independence is a thing that is central to such recognition The client's faith and rely upon the adviser stems largely from the latter's independence Financial An independent financial adviser needs to have expert professional understanding of a huge range of financial loans and services Since https//svwmcouk/ has just about the most highly developed financial services industries in the world, the sheer selection of products on the British market means that knowledge and professionalism must be of the best order Due to the sheer selection of subjects with which an independent financial adviser must be familiar, there is a correspondingly wide range of qualifications open to individual advisers For instance, the adviser may have professional qualifications awarded by the Chartered Financial Analysts CFA Institute, the Chartered Insurance Institute CII, the Institute of Financial Planning IFP, the Personal Finance Society PFS, the Pensions Management Institute PMI, the Securities and Investment Institute SII, or others Above all, however, the adviser knows that his is really a constantly changing market, with new products and services emerging on a regular basis He or she will make it his / her business to remain completely abreast of these trends Adviser As an adviser, the third and vital element of the independent financial adviser's role harks back again to the first of his or her qualities, independence The financial advice given should be "best advice" when recommending any product or service In other words, the advice must be the advice that's genuinely in the client's best interest It really is as if the adviser had stepped into the client's shoes and was giving advice entirely from the client's perspective In this manner, the client could be assured that the advice is truly independent, objective and impartial advice that may satisfy the interests that your client himself or herself has identified Summary It is surprising the amount of meaning can be packed into the three words that describe the role of the independent financial adviser But as the above brief, thumb-nail sketchy shows, each of the three words encapsulates a fundamental and vital section of this professional's job Each word describes the obligations that the adviser has towards each of his clients, in order that the clients, for his or her part, can rest absolutely assured they receive genuinely independent, well-informed and expert financial advice that will aid their own best interests