Individuals who give advice about all aspects of finance. IFA's can advise and sell products for a range of insurance companies and investment companies. Generally, the companies pay them commission when they sell a product although they may assign part of that commission to their client. There are also IFA's who do not take commission but charge a fee to their clients instead.
A person qualified to give financial advice to clients on life insurance, pensions, funds, and other financial products, who is not tied to any one financial institution. They may charge their clients a fee for their advice or may receive a commission on the products which the client buys. An IFAs recommendations are based on which company and products best suit the needs of the client.
A system of divination that originated in West Africa among the Yoruba people. The system is also practised among believers in Santería, Candomblé, and similar transplanted African traditional religions in the New World.