Research suggests a gap has emerged between how IFAs rate their performance and the actual scores that their clients awarded them.
A survey by financial services research agency Opinium found customers gave their IFA an average rating of over five out of 10 in the three month period to end October.
When asked to rate how they believed the public would evaluate their performance, advisers gave themselves more than six out of 10.
The findings follow similar research sugggesting clients and IFAs have wildly different estimates of the value per hour of independent financial advice.
According to a study conducted by Legal & General (L&G) Savings, consumers value advice at an average £67 per hour whereas advisers say their time is worth £170, almost three times as much.
Other findings in the Opinium report suggest the Tories can count on the support of IFAs in the forthcoming election but advisers are not so favourably inclined towards the banking community.
The study found a glaring gap between how the public and IFAs perceive banks, with the public twice as favourable towards the banking community.
However, IFAs have a better opinion of financial service companies as a whole, including insurance companies and mortgage lenders, and are almost twice as favourably inclined towards investment companies than the public.
Furthermore, the survey reveals IFAs are more in favour of a Conservative government than the public at large, perhaps reflecting the party's City-friendly perception. And damningly for the Government, both groups are more supportive of the Tories than Labour.
"IFAs seem to think the a Conservative government will be the best party to see the UK through to economic recovery, or perhaps they favour the Conservatives because of Mark Hoban's (Conservative MP) support of the IFA's plight in regard to the Financial Services Compensation Scheme (FSCS) levy structure," says director of Opinion Research Dan Foreman.
A further disparity lies in the fact that whereas IFAs are more discriminating in their views of different financial companies, the public view all institutions in largely the same negative light - suggesting the public backlash against the financial service industry has yet to subside.
But Foreman says the survey suggests that the negative perception of banks could be coming to an end.
"It is interesting to see that the public are twice as favourable towards banks as IFAs are," he comments. "Perhaps the damage to the banking community's reputation is about to be repaired?"
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