
As independent financial advisors, Allotts Financial Services are ideal to assist you in making the right decisions that could meet your needs and objectives.
There are two different types of financial advisors – ‘independent’ and ‘restricted’ – and this can affect the advice you are given. When you get advice about investing your money, you need to know which sort of advice you are receiving.
Some advisors, such as Allotts Financial Services, can offer the full range of financial products and providers available, and are called ‘independent advisors’. But many advisors only offer ‘restricted advice’ and will focus on a limited selection of products and/or providers.
A restricted advisor or firm can only recommend certain products, product providers, or both. Restricted advisors and firms cannot describe the advice they offer as 'independent'.
Independent
advice |
Restricted
advice |
|
Considers all retail investment products | Yes |
No |
Focuses on a particular market | No |
Yes |
Considers products only from certain providers | No |
Yes |
Has to explain to you the type of advice they offer | Yes |
Yes |
Can use ‘independent’ to describe the advice they offer | Yes |
No |
Incentivised to recommend one product over another | No |
No |
Call IFA Doncaster 01302 349218 or IFA Rotherham 01709 828400.
Monday to Friday 9am - 5pm
excluding Bank Holidays