Financial Services In Edinburgh: Is It Worth The Cost?

Financial services in Edinburgh can, and do, charge for their advice. In December 2012, the rules on financial advice changed. This meant that individuals looking for general advice on financial planning, or for buying a specific investment or other financial product, could expect to pay a fee. The point of this was to stop financial advisors in Edinburgh from only recommending those products from which they were paid commission. The rule made the financial products market fairer and ensured individuals got better service. However, does the new rule mean that financial advice is not now worth the upfront cost?

While there are no certainties in the world of finance, most people believe that Edinburgh financial services are worth the cost. Of course, you need to recognise that the value of an investment can rise and fall, and so there is always the possibility that you will not get back what you put in. However, a qualified financial advisor in Edinburgh will have years of experience and training to draw upon in order to help you make the best decision for you. They will also typically have access to a wide range of financial products. Reputable advisors will have received positive feedback, and they will have a good success rate for boosting their clients’ portfolios and improving their short-term and/or long-term financial situation.

It is, however, important to ensure that any Edinburgh financial services companies set out their fees clearly before giving you any advice. There are different ways fees can be calculated, so look at this carefully before making a final decision. At Rowanbank Financial Consultants Limited, we clearly set out the fees we charge for our services, and then take time to get to know you and your requirements before offering any financial, savings, insurance or mortgage advice. To learn more about our company, visit today.