We're the Certified Independent Financial Advisers Association
CIFAA is a body formed in 2022 and comprises professionaly qualified members who have been verified as independent financial advisers.
What is an independent financial adviser?
Independent Financial Advisers have structured their business in such a way as to remove the conflicts of interest that plague other advice businesses:
- No ownership links or affiliations with financial product manufacturers;
- No commissions or volume based payments; and
- No other benefit or remuneration that can influence the advice.
Why is it important to get advice from an independent adviser?
Consumers should receive honest advice about the best way to manage their finances. They shouldn’t be ‘sold’ investment schemes or products which often provide payments to their adviser because that can influence the advice..
Engaging with an independent adviser ensures that advice is not influenced by incentives such as commissions. Independent advisers are also not limited on the advice they can provide, based on affiliations or restrictions imposed by product manufacturers they are affiliated with.
How can I tell if my financial adviser is Independent?
CIFAA members can proudly display the Guarantee of Independence which is your assurance that your adviser is independent. All financial advisers must declare if they are not independent in their Financial Services Guide (FSG). That is a legal document which you must receive.
Indicators of non-independence
