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How much does a financial advisor cost in Ireland?


 Regulation

There are different types of regulation of Financial Advice in Ireland and it makes sense to compare these to get a better sense of the sort of Financial Advisor you are really looking for.

 

 

High Street Bank Advice 

Insurance Brokers Insurance Mediation Regulations (IMR)

Investment Intermediaries 

Investment Intermediaries Act 1995

 (IIA)

Stockbrokers

(Markets in Financial Instruments Directive (MIFID)

Global Wealth

(IMR and IIA)

Can advise on the whole market including international options?

NO – typically tied to a single insurance company

NO – IMR only covers Insurance Companies

YES – including stocks listed on a regulated exchange

Typically provide their own investment services and own investment funds

YES

Paid by commissions

YES

YES

Typically, YES

Typically generate trading commissions

NO

Customise portfolios for client’s tax status

NO

NO

Rarely

Sometimes

YES

Fee-only

NO

NO

NO

NO

YES

 

How can you find Independent Financial Advice in Ireland? 


The Central Bank of Ireland recently changed the rules around disclosure of commissions but stopped short of a ban on investment commissions due to considerable lobbying on the part of the incumbent providers.

Full details of our fees can be found on our website here and here 


 We will cover this subject shortly in a podcast



Our guide to choosing an adviser in Ireland can be found here