Where to get free financial advice

free financial advice onlineIf you are after free independent financial advice online or free independent mortgage advice there are a number of options open to you. Typically an independent financial adviser charges for providing financial advice and the cost will depend on the work that needs to be carried out. In the past financial advisers were able to cover the cost of their advice by taking commission from the products they recommended to their clients. This meant that from a consumer's perspective it felt like free financial advice but ultimately they did foot the bill through higher product charges. Now the regulations surrounding how an independent financial adviser (IFA) can charge for advice has changed. If they are providing independent financial advice or investment advice they cannot be paid via a commission from the products they recommend. Instead, they have to charge a separate explicit fee to cover the cost of financial advice.

Free Financial Review

Book a free financial review

Looking to ensure your finances are on track? Our partner Unbiased will arrange for a qualified, FCA-regulated adviser to contact you

  • Discuss your financial situation
  • Identify what steps, if any, you should take
  • Free and without obligation
Provided by our partner
Book a free review*

Typically IFAs offer a free initial meeting with fees contingent on whether you act upon their recommendation. Other financial advisers will charge a fee of around £500 for an initial review and then further fees dependent on the level of work involved in implementing their recommendation. However financial advisers can still be paid via product commissions when they provide independent mortgage advice or recommend a life insurance product.

Financial Advice: get a FREE consultation

If you’re looking to ensure your finances are on track, why not get started by arranging a free consultation with a local, well rated financial adviser via arranging a free consultation with a local, well rated financial adviser via Unbiased*. The consultation is free and without obligation.

Other ways to get free financial advice online

When looking for financial advice there are many options that are totally free, here is my roundup of what is available.

  • Moneyhelper – Government-backed service offering free financial advice – moneyhelper.org.uk
  • Citizens Advice Bureau (CAB) – Provides advice on money, benefits, employment issues and consumer issues – citizensadvice.org.uk
  • Which? – Campaigns on consumer issues and offers independent advice on many finance topics, Charges a subscription for some of their services – which.co.uk
  • Shelter – Offers advice on housing, debt, benefits care and health issues – shelter.org.uk
  • StepChange – Offers free debt advice giving practical help to people to take control of their finances – StepChange.org
  • National Debtline – Free and confidential advice given over the phone and an online webchat and  – nationaldebtline.co.uk
  • Financial Ombudsman Service – Free service that helps settle disputes between consumers and UK based financial services businesses – financial-ombudsman.org.uk
  • Age UK – Finance advice for the older generation – ageuk.org.uk
  • Tax Help for Older People – Tax advice for people over 60 on an annual income under £20,000 – taxvol.org.uk

 

If a link has an * beside it this means that it is an affiliated link. If you go via the link, Money to the Masses may receive a small fee which helps keep Money to the Masses free to use. The following link can be used if you do not wish to help Money to the Masses or take advantage of any exclusive offers – Unbiased

 

Free Financial Review

Book a free financial review

Looking to ensure your finances are on track? Our partner Unbiased will arrange for a qualified, FCA-regulated adviser to contact you

  • Discuss your financial situation
  • Identify what steps, if any, you should take
  • Free and without obligation
Provided by our partner
Book a free review*

Share

Exit mobile version