IFA meaning in Accounts and Finance ?

Answer:

What is Independent Financial Adviser mean?

Independent financial advisers (IFAs) are professionals who offer independent advice on financial matters to their clients and recommend suitable financial products from the whole of the market. The term was developed to reflect a United Kingdom (UK) regulatory position and has a specific UK meaning, although it has been adopted in other parts of the world, such as Hong Kong.

The term "independent financial adviser" was coined to describe the advisers working independently for their clients rather than representing an insurance company, bank or bancassurer. At the time (1988) the UK government was introducing the polarisation regime which forced advisers to either be tied to a single insurer or product provider or to be an independent practitioner. The term is commonly used in the United Kingdom where IFAs are regulated by the Financial Conduct Authority (FCA) and must meet strict qualification and competence requirements.

Typically an independent financial adviser will conduct a detailed survey of a client’s financial position, preferences and objectives; this is sometimes known as a factfind. The adviser will then recommend appropriate action to meet the client's objectives; and if necessary recommend a suitable financial product to match the client’s needs.

Individuals and businesses consult IFAs on many matters including investment, retirement planning, insurance, protection and mortgages (or other loans). IFAs also advise on some tax and legal matters.

reference

Full Form	Category
Intensive Flux Array	Academic & Science
Institute for Astronomy	Academic & Science
Inverted F Antenna	Academic & Science
International Federation of Accountants	Accounts and Finance
Institute of Financial Accountants	Accounts and Finance
Independent Financial Adviser	Accounts and Finance
Iowa Falls Ia	Airport Code
Investment Finance Association	Business
Index Funds Advisors	Business
Independent Financial Advice	Business
Independent Field Advertiser	Business
Inshore Fishing Association	Business
International Federation of Aromatherapists	Business
Index Fund Advisors	Business
Identifier For Advertising	Business
Innovation Fund Associates	Business
Income from financial activities	Business
International Freezone Association	Community
Internationale FunkAusstellung (Berlin)	Community
International Fiscal Association	Community
International Factoring Association	Community
International Finn Association	Community
India Friends Association	Community
Irish F***ers Association	Community
ISEKI Food Association	Community
Informal FTP Area	Computer and Networking
Internet Football Association	Computing
Intelligent Future Application	Computing
International Framework Agreement	Computing
Intelligent Fabric Applications	Computing
Integrated Facility for Applications	Computing
Ibm Financing Advantage	Computing
Internet Fraud Alert	Computing
Internet Fraud Analyst	Computing
Insane Film Assortment	General
Imaginary Friends Anonymous	General
Intellectual Freedom Award	General
International Factoring	General
Integration For All	General
Individual and Family Administration	General
Intermountain Farmers Association	General
Incomplete Freund Adjuvant	General
Intellegent Future Applications	General
Individual Flexibility Agreement	General
Inband Flow Analyzer	General
Integrated Farm Assurance	General
Instructional Facilities Allotment	General
Individual Flexibility Arrangement	General
Internationale Funkausstellung and According	General
I’m F***ing Amazing	General
Institute for Food and Agriculture	General
Improved Feel Area	General
Independent Field Advisor	General
Industrieverband Fahrzeugbau	General
International Fleet Academy	General
Impianto Frenante Antibloccaggio	General
Investigational Food Additive	Governmental
Indirect Fluorescent Antibody	Governmental
investigational food additive (file)	Governmental
Iowa Finance Authority	Governmental
Institute of Fine Arts	Governmental
Indiana Finance Authority	Governmental
International Federation on Ageing	Governmental
Indian Former Alliances	Governmental
International Federation of Armwrestling	Governmental
Independent Film Alliance	Governmental
Issued for Approval	Insurance
Instituto de Fomento Andaluz	International
International Fistball Assocciation	International
International Fluency Association	International
International Freight Association	International
International Forwarding Association	International
Internationale des Fédérations Anarchistes	International
International Firearms and Accessories	International
International Funk Ausstellung	International
International Fertilizer Association	International
Irritating Frenetic Attitude	Internet
Independent Financial Advisor	Jobs
Income Finance Advisor	Jobs
Intrinsic Factor Antibody	Medical
Immuno-Fluorescence Assay	Medical
Indirect immunofluorescence assay	Medical
International Franchise Association	Messaging
Individual Flexibility Arrangements	Regional
In-flight Analyses	Space Science
Interface Functional Analysis	Space Science
Irish Football Association	Sports
Inter Futbol Academy	Sports
Index Funds of Armenia	Stock Exchange
Index Fund Advisor	Stock Exchange