Should you pay for professional financial advice?
While the Internet is becoming more and more essential to our daily lives, touching all areas of commerce and home life, the subject of paying for financial advice is something which is cropping up more and more. While many people appreciate that to get the best advice you need to pay for it others are suggesting that much of the information they are given may be already available on the Internet. So should you actually pay for financial advice?
The bottom line is, as in any industry or with any service, you get what you pay for therefore if you are looking for free advice the chances are this may be less detailed and less helpful than the advice you pay for. It is also worth remembering that professional financial advisers in the UK are part of a compensation scheme which will reimburse you if you lose out due to mis-advice or fraud. While it is obvious why people are looking to save money by obtaining information free from the Internet, it is worth remembering that any advisory information you read could be wrong or out of date and may need reviewed.
There are many ways to reimburse your professional financial adviser and for those who have until now depended upon their own investigations and research maybe it is time to look elsewhere?
Share this..
Related stories
Why is the price of gold rising?
As we covered yesterday, the price of gold has now moved to well over $1000 which is an all-time high for the precious metal. It would appear that various factors have come into play to push the gold price to these levels, which is a culmination of an upward trend which has now lasted a total of eight years. So what exactly is pushing the price of gold higher and higher?
A general w...
Budget Headlines : Tax on petrol and tobacco to increase by 2% from tonight
Tax on petrol and tobacco to increase by 2% from tonight...
Read MoreUK savers hit again as rates fall
UK savers have been hit again as UK base rates continue to fall with this week's reduction to 0.5% and a possible further move towards zero percent. Quite literally the UK savings market has been decimated and those who once lived off their interest are being forced to dip into their capital. The situation is set to worsen over the next few weeks as UK rates, even though recent falls do not appear...
Read MoreUK gas supply back in the headlines
Despite the fact that UK gas supplies have been in the headlines for some days it looks as though this week will see the barrage of criticism targeted at the UK government continue. Many people are now looking to the future with regards to UK gas supplies, with only eight days backup storage available in the UK, and many are highlighting the fact that government has given the go-ahead for a large...
Read MoreConfidential details go missing at Rural Payments Agency
In yet another shocking lapse in security it has been revealed that around 100,000 farmers have become embroiled in a data loss situation at the Rural Payments Agency with CDs and tapes having been missing for over a year. These CDs and tapes contained confidential information on each and every farmer in the UK which included bank details, addresses and security passwords offering access to variou...
Read More