If you look at a company website Steve, you should find how and in what country, their advisers are regulated. So being UK regulated, this would include the following. When an individual client is advised, they would receive a document at outset, covering all terms of business. This is mandatory in UK, and content is specified by the regulator and is very clear fro the individual client. This also states for example, my registration number to look up on the UK FSA web site. Advice is provided in writing. This written report is checked by a compliance department to ensure it is within the regulators rules (even my short article for you was checked before publication) & thus provides protection and clarity for you, on what and why recommendations were made.Where a company has been advising for a good number of years, and the adviser themselves has documented experience, should also help consolidate the professionalism of the advice. Finally you can always seek a recommendation from others who may have sought professional advice. At the end of the day, after 21 years, I would hope to be able to demonstrate some professionalism by now :). As I write it has provided a useful break to revising for a final exam this week to upgrade my qualifications in the Uk, albeit I technically do not need to, and thus trying to maintaining and improve professional standards. Hope this helps. I just would wish to encourage folks to take personal advice and not rely on piecemeal information, that actually is only relevant to someone else’s background and objectives, and perhaps wrong perception of advisory firms.
Of course if tax changes come in that changes the way an individual needs to hold assets, then this is acted upon. A frim would not stay in business otherwise, and is also why a review process takes place regularly with pur clients. The article you read has already been delivered to my clients and database as an example. This change is yet a long way off and does not affect tax that may become due, only succession law, and AVie also already can help overcome that.
Back to revision…