Getting financial advice

You can get financial advice from advisors who work in financial services firms like banks and insurance companies, who generally advise on and sell their own products; and intermediaries, such as investment or mortgage brokers, who advise on and sell products from a number of financial services firms.

All financial advisors must be authorised by the Central Bank in Ireland . They have to meet certain standards and must have the skills and knowledge necessary to provide advice

The Central Bank monitors advisors to make sure they continue to meet these standards and that they act in your best interests when giving you financial advice.
The number of financial services firms an advisor deals with affects the level of independence and choice your advisor can offer you for the type of product you want. The more firms an advisor deals with, the more they can shop around and find the most suitable product for you.

An advisor may be authorised to offer you advice on products from one financial services firm (a tied agent); OR a number of financial services firms (a multi-agency intermediary); OR all financial services firms in the market (an authorised advisor).

For example, banks and building societies are often tied agents when giving advice on life assurance, pensions and investment products.