We have all heard scare stories with regards to choosing an Independent Financial Advisor. Many of these anecdotes derive from years past once the whole industry had not been correctly policed. Nowadays there are so many different ways in which you can choose an IFA who is both reputable and right for you personally. Choosing an IFA is arguably one of the most important financial decisions you'll ever make so taking time to research and compare providers is usually to be encouraged.There are generally regarded as three different types of financial advisor - independent financial advisers who search the entire market because of their clients, tied advisers who operate solely with respect to a particular company, for instance a bank. There are also advisers who are multi-tied and who sell products supplied by a fairly limited range of companies.BenefitsThe true and outstanding advantage of consulting an IFA is that they will act with respect to you the client instead of within their own interests or the people of the organisation they are selling financial products for. The IFA will search the entire market and can actively seek out and provide tailored solutions that will suit you the clients needs.So what do you need to do?One of the first steps you need to take when searching for an IFA is to select a couple of providers which look likeliest to suit your needs. Speak with family, friends and colleagues and ask for personal recommendations. Have a look at internet review and comparison sites. The neighborhood press can even be a starting point.When you have narrowed your search right down to some individuals, contact the IFAs of your choosing. Call them for a casual chat and to see how you feel. You have to be confident and comfortable with whoever you decide to advise you on your finances. Remember that you're the one in control and not the other way around!When you are talking to the IFAs of one's choice, ensure that they're completely independent. Ask about qualifications - don't be scared. Look for an adviser who has either a Diploma or Advanced Diploma in Financial Planning or who is a certified or chartered financial planner. In case you are in doubt and are searching for a testimonial it isn't unfair to ask to be put in touch with other current clients. Remember this is your dollars we have been talking about.Enquire about fees. Do they charge per hour or do they take a commission? Perhaps this is a mixture of the two? You need your IFA to be completely transparent. If they're not then do not get involved.The main thing is that you the client feel comfortable based on the arrangement. Make  https://money.com  that all dealings and conversations are transparent and that you realize just what the IFA does for you always. This works both ways, always be honest about your situation and you may not go wrong.