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Possible Answers:
IFA.
Last seen on: The Washington Post Crossword – May 19 2019
Random information on the term “IFA”:
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.