Has your Financial Advisor told you to make your Will?

If you use an Independent Financial Advisor (IFA) you will naturally have to let them know a lot about your financial circumstances, in most situations. They must ahve this information to help build a strong picture about your circumstances to enable them to give give you the best advice.


At the end of the fact find about your circumstances an IFA is required under FSa guidelines to ask if you have a Will. If you have one they should ask you when was it last reviewed and if it wasn’t for a few years they should recommend you have it done ASAP.

IF you don’t have a Will they should recommend you get one ASAP. This is really important as having a Will is a fundamental part of financial planning. As the infamous meerkat might say “Simples”!

What happens next is a moveable feast. If you are pointed in the direction of a Will Writer or solicitor did the IFA know who you were actually going to get you involved with?

It surprises me that in some cases your IFA will not know who is coming to see you. w

What can happen is that your details are sent to a company and someone ‘local’ contacts you to make an appointment about making your Will. Pot luck sometimes.

Have a look at this forum post on Cash Questions to see what can happen How many personal details should we disclose to a Will-Writing company?

And if you are an IFA why would you do this?