At the risk of sounding facetious, an unbiased financial adviser is somebody who gives independent suggestions about financial matters Actually, stating the rather obvious in this way put an important pressure on the three vital components of the independent financial adviser's role Independent The independence of the adviser is crucial When an independent financial adviser is consulted, it is very important know that she or he has no vested interest and can not be influenced at all 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 best interests, and not since there is a recognised dependent relationship between the adviser and something particular supplier The significance of this independence cannot be stressed enough The adviser needs to be licensed by and is regulated by the Financial Services Authority, and independence is something 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 will need expert professional knowledge of a huge selection of financial products and services Since it has probably the most highly developed financial services industries on the planet, the sheer selection of products available on the British market implies that knowledge and professionalism should be of the best order https//svwmcouk/ to the sheer selection of subjects with which an independent financial adviser must be familiar, there is a correspondingly wide variety of qualifications available to individual advisers For example, the adviser might 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 Most importantly, however, the adviser knows that his is really a constantly changing market, with new products and services emerging continuously He or she can make it their business to remain completely up to date with these trends Adviser As an adviser, the 3rd and vital component of the independent financial adviser's role harks back again to the first of his or her qualities, independence The financial advice given must be "best advice" when recommending any service or product That is to say, the advice should be the advice that's genuinely in the client's best interest It is as though the adviser had stepped into the client's shoes and was giving advice entirely from the client's perspective In this way, 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 because the above brief, thumb-nail sketchy shows, each of the three words encapsulates a simple and vital section of this professional's job Each word describes the obligations that the adviser has towards all of his clients, in order that the clients, for their part, can rest absolutely assured that they receive genuinely independent, well-informed and expert financial advice that will aid their own needs