Providing Financial Advice
This Higher Apprenticeship is about helping people and companies decide how to manage their money by providing financial advice. There are hundreds of places to put your money, from savings accounts to ISAs and insurance policies – and with so many options out there, people need help to make an informed choice.
There are two types of financial adviser – an Independent Retail Investment Adviser, also known as an Independent Financial Adviser (IFA), who researches the entire market to give advice and get the best deal for their client. A Restricted Retail Investment Adviser, also known as a ‘Tied’ Financial Adviser is employed by a specific bank or building society, and will advise on the products and services offered by their own company.
On this Higher Apprenticeship, you'll learn to advise on financial matters like investments, pensions and savings. You’ll be meeting clients, staying up-to-date with financial markets, negotiating prices with providers of financial products and putting together financial plans based on your client discussions.
People work hard for their money, and deciding what to do with it can be daunting – so you’ll need a trustworthy manner and the ability to explain complex matters in simple terms. A good head for figures does help, but being a people person is more important. Financial advisers often work in business environments – a professional manner and a smart appearance are crucial.
Job Roles
- Independent Retail Investment Adviser (formally known as an Independent Financial Adviser - IFA)
- Restricted Retail Investment Adviser (formally known as a Tied Financial Adviser)
Last Updated: 12/04/2012
