If looking for a new financial adviser, you should look for an IFA, especially as it shouldn't cost you any more than a restricted adviser
Restricted advice is not cheaper than independent. That is, at least, according to the FCA. “We did not observe any material variation in charges between restricted and independent advice” was the regulator’s ruling in its recent data bulletin. Combined with high-profile examples of restricted firm fees, such as Standard Life’s national 1825 charging 4 per cent upfront as reported by Money Marketing yesterday, on a purely costs basis the picture does not look great for restricted firms.