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independent financial adviser

A Dictionary of Finance and Banking,  January, 1997  

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independent financial adviser (IFA) A person defined under the Financial Services Act 1986 as an adviser who is not committed to the products of any one company or organization. Such a person is licensed to operate by one of the Self-Regulating Organizations or Recognized Professional Bodies . With no loyalties except to the customer, the IFA must offer best advice ...

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