At Patrick Wayne Wealth, we are a restricted financial advisor, meaning that we can only recommend certain products, product providers, or both. However, this allows us to offer personalized advice tailored to our clients' specific needs and goals. Our focus is to build trusted and professional relationships with our clients and provide a truly personal service through an individually tailored client experience.

Independent versus Restricted Advisers

Independent Financial Advisers (IFA) are able to consider and recommend all types of retail investment products from all firms across the market. They have to give unbiased and unrestricted advice.

On the other hand, restricted advisers can only recommend certain products, product providers, or both. They have to clearly explain the nature of the restriction, but they cannot describe the advice they offer as ‘independent’. The restriction allows the adviser or firm to focus on a particular market or choose to work with one product provider and only consider products that company offers.

At Patrick Wayne Wealth, we pride ourselves on offering personalized advice to our clients. Our focus is to help our clients achieve their financial goals and make informed decisions about their wealth management. As a restricted adviser, we are able to provide tailored solutions, ensuring that our clients receive the best possible advice and products to meet their individual needs.