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Financial Advisers > Financial Advisers In > Financial Advisers By City > Financial Advisers In Wakefield > Independent Financial Management

Independent Financial Management

Independent Financial Management
Address: 26 Cheapside
Wakefield
West Yorkshire
Postcode: WF1 2TF
Telephone: 01924 339825
Website: http://www.ifm.uk.com/
Financial Advisors By Type: Pensions Advice, Mortgage Advice, Life Insurance Advice, Investment Planning, Health Insurance Advice
Financial Advisors By Area: West Yorkshire Financial Advisers
Financial Advisors By City: Financial Advisers In Wakefield
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Description
Welcome to the Independent Financial Management (IFM) Website. We are a truly independent financial advice practice, capable of advising personal and corporate clients in all aspects of financial services. We provide the ultimate in advice, integrity and tailored, personal service. You speak to your own adviser every time. We are happy to work on a fixed charge basis if you wish, the choice is yours.

As our lives and choices become ever more complex, the whole question of financial security grows more urgent - and possibly more stressful too. But there is a simple, affordable solution.

Independent Financial Management (IFM) is both our name and our purpose.

We are an entirely independent company, selecting the best products from the whole market. We have no ties or 'special relationships' with providers, so we're free to identify the right solutions for your own unique needs.

IFM provides the ultimate in advice, integrity, and tailored, personal service. You speak to your own adviser, every time. We are happy to work on a fixed charge basis if you wish : the choice is yours.

IFM. Welcome to a simpler, more secure future.

 Financial products are sometimes at their most useful when they are protecting our families, our incomes or our property. Whilst insuring ourselves against an undesirable event such as sickness or even death may not be a pleasant thing to think about, the benefit of being able to set financial issues aside at emotionally difficult times cannot be overlooked.

There are many ways in which a family can protect itself, and because of the large range of products available there is usually an appropriate policy for most circumstances, and most budgets.

Mortgages are the largest single transaction in most people’s lives. Buying a property can be a stressful and time consuming experience, although nowadays the financing of a mortgage is a case of finding and selecting the most suitable deal, rather than simply accepting a lender’s offer.

Hundreds of banks, building societies, and smaller niche lenders compete for your business, all offering a variety of interest rate deals, associated fees and other enhancements to attract borrowers.

There remains two main methods of repaying a mortgage loan, and it is possible to set up the loan on a ‘part repayment and part interest only’ basis. A description of these methods is provided below.

Why are we encouraged to save money? From childhood most of us are told to put away money to save for the future - perhaps for something special? Or perhaps to be sure that when we really need something we have the funds to acquire it, without taking on debt? Whether you place your money in a piggy bank, or in a multinational investment house, our aims are broadly the same; to provide for our future needs, and to protect ourselves against unexpected causes of expenditure.

When planning your finances, it is important to distinguish the difference between savings and investments. Savings are generally funds that you set aside, but can access relatively quickly. These savings are often for a specific need or purchase, like a holiday or a new car. The most common way of ‘saving’ is into a bank account (‘deposit’ account) where the money can be accessed in an emergency, and for every £1 you put in, you will get £1 back (short of a bank collapse!), and possibly some interest.

Investments are designed to be held for a longer term, usually at least 5 years. You need to be comfortable with tying up this money for a period of time, and should not consider investments unless you have some savings in place. Most investments are not guaranteed to return your money in full, although do offer the prospect of higher returns than deposit accounts. Returns, risk and volatility are the factors that will determine a suitable place for your savings.

Savings and Investment products range from a simple current account, which allows a small amount of interest, but facilitates regular payments and withdrawals without detriment to your savings. At the opposite end of the scale would be company shares, where you invest money in a company, with the prospect that the company will prosper and the shares will increase in value over time. Whilst the benefits are potentially high, the risks are also much greater.


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