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Why Use a Financial Broker

An expert in financial matters, a Financial Broker
provides services to both companies and
individuals.

What is a Financial Broker

Clear. Concise. Professional Advice.

Firstly, a Financial Broker will take time to get to know you, your personal circumstances and your financial goals. They will discuss your options and help you come up with a financial plan. Secondly, they will research products that match your needs from the range of companies they deal with, providing a “fair analysis” of the relevant market.

Services can include: personal financial planning, life cover, serious illness cover, income protection, health insurance, savings, investments, pensions, retirement planning, business financial planning, inheritance tax planning, mortgages and commercial finance. Financial Brokers differ from Insurance Brokers whose services typically include house insurance, car insurance and commercial insurance.

  • How can I be sure that my Interests Come First?

    Like any other business, a Financial Broker’s best customers are repeat customers and new customers referred by satisfied clients. It is therefore in their interest to put your needs first in any recommendations they make. In addition, by law Financial Brokers must put your interests above commissions in their recommendations. Furthermore, Brokers are subject to rigorous enforcement rules by the Central Bank of Ireland and can face serious fines.

  • Full-time Professionals who are Experts in their Area

    Financial Brokers are obliged to have a qualification or be accredited by experience. They are full-time professionals, experts in their area. They constantly study all relevant markets and receive regular briefings from various product providers.

  • How much will it cost to engage a Financial Broker?

    When a Financial Broker is paid by commission, there is generally no extra charge compared to dealing directly with the provider. So you get a choice of many providers, impartial advice and personal service without any extra cost and without the hassle of finding the best deal yourself. Any additional fees payable by you will be outlined in the Financial Broker’s terms of business given to you before they start any work for you.

  • Full-time Professionals who are Experts in their Area

    Financial Brokers are obliged to have a qualification or be accredited by experience. They are full-time professionals, experts in their area. They constantly study all relevant markets and receive regular briefings from various product providers.

Offering a more competitive market

The Competition Authority found that demand for insurance was more price sensitive in the broker market than through direct channels. With 1,200 Financial Brokers in Ireland, the six domestic life companies are much more competitive with regard to price, product design, investment performance and service than they would be if they dealt with advisers who are tied only to them.

Why use a Financial Broker

Solid financial plans and strategy

Some of the typical financial goals Financial Brokers help with are: protecting the living standard of your family in the event of your death; protecting your living standard against illness or accidents, which may prevent you from working; saving for your children’s education; saving for your retirement; investing lumps sums appropriately to get the best return; and devising a plan to achieve financial independence. Your Financial Broker will conduct a “factfind” to get to know you and your requirements and develop a strategy that meets your goals.

Why use a Financial Broker

Assisting with key financial goals

Financial Brokers are experts on financial planning matters and work on your
behalf giving you a choice of products and providers from across the market.

Why use a Financial Broker
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