Frequently Asked Questions

1. Why use a Financial Broker?


A good Financial Broker will get to know you, your individual requirements and circumstances, as well as your financial goals. They will discuss your options and help you come up with the best financial plan to suit your needs. Then, they will research products that match your needs from the range of insurance companies they deal with, providing you with the most competitive quote available.

Financial Brokers are full-time professionals and experts in their area. They are obliged to have a qualification or be accredited by experience. It is also their responsibility to constantly study all relevant markets and receive regular briefings from various product providers.


2. What is a Financial Broker?


A Financial Broker is an expert in financial matters, providing services to both companies and individuals. Services can include: personal financial planning, life cover, serious illness cover, income protection, health insurance, savings, investments, pensions, retirement planning, business financial planning, inheritance tax planning, mortgages and commercial finance. Financial Brokers are not Insurance Brokers, whose services typically include house insurance, car insurance and commercial insurance.


3. How much will it cost to engage a Financial Broker?


Nothing, there is no cost to the client. A Financial Broker is paid on commission. Any additional fees payable by you will be outlined in the Financial Broker’s terms of business given to you before they start any work for you.


4. What are the benefits to me?


You get a choice of many providers, impartial advice and a personal service without any extra cost and without the hassle of finding the best deal yourself.


5. How can I be sure that my Interests are the Financial Broker’s priority?


Like any other business, a Financial Broker’s best customers are repeat customers and new customers referred by satisfied clients. It is therefore in their best interest to put your needs first in any recommendations they make.

In addition, by law Financial Brokers must put your interests above commissions in their recommendations – Brokers are subject to rigorous enforcement rules by the Central Bank of Ireland and can face serious fines.


Phone: +353 87 0632602
Address: 3 Joyce House,
Barrack Square,
Co Cork.

Terms of Business

Melalex Financial Ltd T/A Kavanagh International Wealth Management is regulated by the Central Bank of Ireland.