Adviser fact-finding: No-one expects the Spanish Inquisition!

27 May 2015

by Gill Cardy, Insight Consultant (Wealth)

Financial planning is a professional advice service which helps consumers organise their financial affairs so that they can achieve their personal and financial objectives, many of which revolve around ensuring a happy and prosperous retirement.

Defaqto and the Institute of Financial Planning (IFP) have just published a new factsheet to help consumers understand the fact-finding process.

At the start of the financial planning process, consumers can sometimes feel interrogated or don’t take the fact-finding phase quite as seriously as they probably should. This could impact the financial planners’ ability to help them find the right solutions to achieve their goals in life.

This new factsheet highlights why financial planners need a detailed understanding of their clients’ personal lifestyle and financial objectives, as well as the resources they have available. The factsheet is part of an initiative launched by the IFP and Defaqto earlier this year to provide financial planners with an even greater range of practical resources to support their advice process and, ultimately, the service they deliver to clients.


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