We have all heard scare stories with regards to choosing an Independent Financial Advisor. Many of these anecdotes derive from years past when the whole industry was not correctly policed. Nowadays there are so many different ways in which you can choose an IFA who's both reputable and right for you. Choosing an IFA is arguably one of the most important financial decisions you'll ever make so taking time and energy 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 for their clients, tied advisers who operate solely on behalf of a particular company, for example a bank. Additionally, there are advisers that are multi-tied and who sell products provided 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 in their own interests or the ones of the organisation they are selling financial products for. The IFA will search the complete market and can actively seek out and provide tailored solutions which will suit you the clients needs.So what do you need to do?One of the first steps you will need to take when searching for an IFA would be to select a couple of providers which look likeliest to suit your needs. Consult with family, friends and colleagues and have for personal recommendations. Check out internet review and comparison sites. The neighborhood press may also be a starting point.So when you have narrowed your search down to a few individuals, contact the IFAs of one's choosing. Call them for an informal chat and to see how you feel. You should be confident and comfortable with whoever you decide to advise you on your own finances. Remember that you are the one in control and not another way around!When you are talking to the IFAs of one's choice, ensure that they are completely independent. Ask about qualifications - don't be scared. Look for an adviser who has the Diploma or Advanced Diploma in Financial Planning or who's an avowed or chartered financial planner. For anyone who is in doubt and are looking for a testimonial it is not unfair to ask to be placed in contact with other current clients. Remember that is your hard earned money we are talking about.Enquire about fees. Do they charge by the hour or do they have a commission? Perhaps it is just a mixture of the two? You will need your IFA to be completely transparent. If they are not then do not get involved.get more info  is that you the client feel comfortable based on the arrangement. Make sure that all dealings and conversations are transparent and that you understand just what the IFA does for you always. This works both ways, continually be honest about your position and you may not go wrong.