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.
Tagged: UK regulations