Financial Advisor Accrington

Accrington Independent Financial Advice & Investment

Financial Advisor Accrington Lancashire (BB5): It can be a daunting experience trying to find a good independent financial advisor in the Accrington area, in particular if it's the very first time that you are seeking financial advice. Whether you are looking for investments, pensions, mortgage or even insurance advice, all qualified financial advisors have one thing in common; they must all follow the regulations of the FCA (Financial Conduct Authority). Any advice given by a FCA registered financial advisor in Accrington comes with certain guarantees that should things go awry, you can get in touch with the Financial Ombudsman Scheme or the Financial Services Compensation Scheme.

Free Accrington Financial Advisor Quotes

Friends and relatives recommendations can be a decent starting place in selecting a financial advisor in Accrington, but keep in mind that their circumstances could be different to what you are looking for. Any advice they offer needs to be tailored to your unique situation, and every financial advisor isn't suitable for everyone. It pays to talk to at least 3 different firms when you're selecting a financial advisor, because this is a big decision, and you'll be looking to find one that you can trust and feel comfortable with, and at the same time explore the various options they can provide.

Financial Advisor Accrington Lancashire (BB5)

When you are looking to pick a financial advisor in Accrington, there are two principal types; independent financial advisors (IFA) and restricted advisors. Offering a more diverse range of options, an IFA will not be limited to just one provider's products and services. Independent financial advice must be offered in an unbiased way and across the full gamut of financial products and companies. This will enable you to select from the widest range of services to meet your needs. If you use a restricted financial advisor you'll soon realise that they may be restricted to products and services of a single company, or as in the case of a mortgage advisor, will only be focused on one solitary product.

Before any Accrington financial advisor takes you on as a client, they are required by the Financial Conduct Authority to fully discuss their charges with you. Although it can vary depending on the kind of product you are interested in, there could be a set fee, an hourly rate, or you could even be charged a specific percentage of what you're investing. You may be offered the possibility of a free preliminary consultation to enable you to discuss your aims and determine whether the advisor is suitable for your circumstances. In some of the larger Accrington companies, you may find that your account is looked after by a team as opposed to an individual.

Financial Advisors Accrington UK (01254)

To describe your objectives and financial situation to the advising company, you'll be required to fill in a "Fact Find" document, which is a confidential disclosure form. To provide information regarding the financial advisor, their situation for offering independent or restricted advice and the extent of their permissions in the financial arena, you will also be given a Key Facts Document, or Initial Disclosure Document. If you aren't happy with the service, and wish to submit a complaint, this document will also lay down your own legal rights and the possible options you can take. It should outline what you're committing yourself to, and any possible risks and benefits that exist should you elect to accept the advice offered, and it has to be laid out in plain language. The Key Facts Document should also inform you of the allowed cooling-off period. This allows you to change your mind within a specific time frame, and cancel the contract with your financial advisor.

The very first time you're talking with the financial advisor you should check what experience and qualifications they have. After all you're on the verge of entrusting your long-term financial wellbeing to their expertise, so you should not be self-conscious about asking such questions. All Accrington financial advisors must hold at least a Level 4 qualification and present an annual Statement of Professional Standing. You don't need to worry if your particular advisor's name does not show up on the Financial Services Register, providing the company is listed on the register, their personnel are covered by the regulations. If they're not able to supply this proof, the person cannot offer advice but is permitted to offer financial guidance. Guidance is different to advice as it isn't regulated in the same way, and if financial blunders are made there may be no recourse to the client.

Financial Advisor Quotes in Accrington Lancashire

If it is investing money that you're interested in, your advisor will want to know the amount of risk you might be willing to accept with your hard-earned cash. Larger rewards may be possible with higher risk investments, but you stand a greater chance of losing some or all of your cash. In order to get the most beneficial financial and investment advice, your savings goals will have to be considered, i.e. how much you have to invest, how rapidly you need access to your money and long or short term investments. The one question that you should ask of yourself, which is often ignored, is just how much you can afford to lose. Generally known as your 'capacity for loss', this will quite likely influence the services and products that you're offered.

Financial Advice Near Accrington Lancashire

If you have already got any existing regular outgoings, investments, savings accounts or mortgages, you have to tell your financial advisor about these. They'll need this information, so they can get a clear picture of your financial circumstances and give the appropriate advice for you. Diversifying your savings and investments by spreading the risk across various products, is a crucial part of good quality financial advice. A seasoned financial advisor in Accrington will be aware of the best products to consider, which match your goals and your financial situation.

A financial advisor will open up the complex world of finance, and communicate in as plain a speech as possible. After learning about the various products and services which match your needs, you should be able to come to an informed and deliberative decision. You can even ask your financial advisor only to choose ethical savings and investments. This will allow you to give your support to organisations and firms which match your concerns, i.e. zero carbon or renewable energy, or perhaps steering clear of firms that do not meet your criteria.

It can prove hard to manage your work and other obligations around a close working relationship with your financial advisor in Accrington. This can be alleviated by augmenting one-on-one meetings with video conferencing and telephone calls, thus allowing you to seek the advice you need at a convenient time. Even if you hardly ever have an in-person meeting with your personal advisor, a professional financial advice company in Accrington will have stringent measures in place to keep your details confidential and secure, because home and remote working is now commonplace.


You need to keep in mind that the financial sector can be unpredictable, and investment values could just as easily drop as well as rise. If your investment fails to make as much money as you hoped for, it can be incredibly frustrating and stressful. Your investment having a downward trend isn't a recognised grounds for complaint, unless your advisor has supplied you with misleading or incorrect information.

Independent Financial Advisor Near Accrington (BB5)

Any disputes should begin with the company's complaints procedure as laid out in the Key Facts Document. You can inform the Financial Ombudsman of the situation if it is unresolved within the period stipulated by the regulating authority, and your advisor is registered with the Financial Conduct Authority.

After reviewing the cause for complaint, the Financial Ombudsman will come to a decision on the issue. If it's found that the complaint is legitimate, a decision will be made on how the customer can be compensated or the situation rectified. The advisor and their firm must abide by any decision that is made by the Ombudsman, which becomes legally binding as soon as the client has agreed to it. Any compensation set by the Financial Ombudsman will also take into account any inconvenience, trouble, distress and upset caused to the customer during the dispute.

Book a Financial Advisor in Accrington UK

Financial advice can be provided in Accrington and also in nearby places like: Oswaldtwistle, Knuzden Brook, Rishton, Altham West, Huncoat, Great Harwood, Church, Tottleworth, Shadsworth, Scaitcliffe, Clayton-le-Moors, Little Moor End, together with these postcodes BB5 0SA, BB5 0PR, BB4 5UE, BB5 0NE, BB5 0AE, BB5 0SP, BB5 0AZ, BB5 0RZ, BB5 0FA, BB5 0SB. Locally based Accrington financial advisers will likely have the phone code 01254 and the postcode BB5. Verifying this can confirm you are accessing locally based financial advisers. Accrington home and business owners are able to utilise these and numerous other similar services. Simply click on the "enquiry" banner or form to get info on financial advisors in your area.

Pension Planning

Taking an important step towards a secure retirement involves pension planning. Significant improvements to this process can result from engaging the services of a financial advisor. An experienced advisor will assess your current financial circumstances, understand your retirement goals, and design a customised pension plan. The complexities of the UK's pension alternatives, including the state pension, workplace pensions, and SIPPs (self-invested personal pensions), are navigated by them. You can leverage their expertise to make informed decisions about tax implications, investment choices and contributions. To create an effective pension plan, providing financial stability and peace of mind for your future, working with a financial advisor in Accrington is essential.

UK pension planning revolves largely around the State Pension, which is a government-backed scheme that provides a basic level of retirement income. Eligibility for the State Pension is usually based on an individual's National Insurance record, which is built up over their working life. However, the complexities of the State Pension scheme have become essential to understand, due to changes to the number of qualifying years and the State Pension age. (42316)

A Financial Advisor's Day to Day Tasks

  • A financial advisor updates customers about their investments.
  • A financial advisor provides consultation, education and counselling with regards to investments and finances.
  • A financial advisor keeps a record of clients and transactions.
  • A financial advisor produces detailed financial reports.
  • A financial advisor talks to clients about their plans and finances.
  • A financial advisor works with associates to gather market information, trends and statistics.
  • A financial advisor makes deals with with financial product providers.
  • A financial advisor keeps fully abreast of new financial products and law changes.
  • A financial advisor meets targets for performance and sales.
  • A financial advisor recommends the best-suited financial products to clients.

Accrington Financial Advice Services

Financial Advice Tasks Accrington

There is a variety of services which can be provided by your local Accrington financial advisor including retirement planning Accrington, corporate bonds, portfolio management, inheritance tax planning, equity release advice, critical illness cover, business protection, divorce financial planning, tax planning, unit trusts, trusts in Accrington, family income benefit, business planning, annuities, trustee investment services in Accrington, investment consolidation advice in Accrington, pension planning, mortgage services in Accrington, offshore investments Accrington, pension plans, investing an inheritance, cashflow planning, bereavement benefits, cheap financial advice Accrington, money planning in Accrington, personal pensions advice Accrington, income protection, long term care fee planning, stakeholder pension advice, personal protection in Accrington, and more. These are just some of the tasks that can be carried out by a financial advisor. Accrington professionals will keep you informed about their full range of financial services.

The Skills to be Financial Advisors

  • Excellent customer service skills for establishing client requirements and needs.
  • To have a flexible work ethic.
  • A good knowledge of economics and accounting with regard to financial products and markets.
  • To be able to network and build relationships with customers.
  • An outstanding level of math knowledge for creating financial packages.
  • To be capable of using a computer and the primary software.
  • Excellent skills in verbal communication.
  • The ability to sell financial products and services.
  • Attentive listening skills.
  • To be thorough and pay attention to detail.
  • Good management skills for the negotiation of product fees.

Financial Advisors Near Accrington

Also find: Hapton financial advisors, Church financial advisors, Little Moor End financial advisors, Dunnockshaw financial advisors, Altham West financial advisors, Scaitcliffe financial advisors, Altham financial advisors, Knuzden Brook financial advisors, Tottleworth financial advisors, Shadsworth financial advisors, Love Clough financial advisors, Clow Bridge financial advisors, Huncoat financial advisors, Wilpshire financial advisors, Goodshaw Fold financial advisors and more. Anybody who is searching for financial advice, will find that these types of services are available in almost all of these villages and towns. Householders in these areas can make enquiries about financial advice by going here.

Accrington Financial Advice Services

Find a Financial Advisor in Accrington Here
Financial Advice Enquiries in Accrington Lancashire (01254)
  • Accrington Corporate Financial Advice
  • Accrington Trustee Investments
  • Accrington Pension Advice
  • Accrington Inheritance Advice
  • Accrington Financial Advice Quotations
  • Accrington Wealth Management
  • Accrington Cashflow Analysis
  • Accrington Life Insurance Advice
  • Accrington Mortgage Advice
  • Accrington Investment Advice
  • Accrington Retirement Planning
  • Accrington Independent Financial Advice
  • Accrington Financial Services
  • Accrington Cheap Financial Advice

To obtain local info on Accrington, Lancashire look here

Financial Adviser Jobs Accrington: Get financial adviser jobs near Accrington by going here: General Financial Advisor Jobs

Independent financial advisor in BB5 area, 01254.

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(This financial advisor Accrington page was revised and updated on 20-02-2024)