Independent vs restricted advisers
26 October 2022 (Updated 26 October 2022)
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In a nutshell
An independent adviser (also known as an IFA) can consider and recommend a wide (unrestricted) range of investment products and providers.
A restricted adviser or firm can only recommend certain (restricted) products or product providers.
The adviser or firm must tell you in writing whether they offer independent or restricted advice.
Sources
Tagged:
UK regulations