Financial Advisor Barnstaple

Barnstaple Independent Financial Advice & Investment

Financial Advisor Barnstaple Devon (EX31): If you are seeking financial advice for the first time, trying to find a decent financial advisor advisor in the Barnstaple area can be a challenging experience. Whether you are searching for mortgage, investments, pension or even insurance guidance, all qualified financial advisors are bound by one common rule; they must all adhere to the regulations set by the Financial Conduct Authority. Any advice given through a FCA authorised financial advisor in Barnstaple comes with certain guarantees that if things go wrong, you can contact the Financial Ombudsman Scheme or the Financial Services Compensation Scheme.

Free Barnstaple Financial Advisor Quotes

Friends and family recommendations can be a decent starting point in selecting a financial advisor in Barnstaple, but bear in mind that their circumstances might be different to the type of advice you're looking for. Financial advice should be individually tailored to your unique situation, and you will find that some financial advisors might not be suitable for your requirements. It pays to speak to at least three different firms when you're choosing a financial advisor, because this is a big decision, and you need to find one that you feel comfortable with and can trust, and at the same time check out the options they offer.

Financial Advisor Barnstaple Devon (EX31)

Restricted advisors and independent financial advisors (IFA), are the two main kinds of financial advisor in Barnstaple. An IFA will not be restricted to the services and products of just one provider. Independent financial advice should cover the whole gamut of financial products and companies, and must be given in an unbiased way. Consulting an independent financial advisor should enable you to choose from the widest possible array of products. A restricted financial advisor might be tied to products and services from one particular firm, or may even concentrate on an individual product, as can happen with a mortgage advisor.

The FCA demands that any financial advisor must tell you about their charges, before taking you on as a client. Determined by the services you are looking for, you could be charged a set fee, by the hour or possibly even a proportion of your investment value. A free initial consultation could be offered, so you can discuss your objectives and situation to find out if the advisor is the best fit. If you use one of the bigger Barnstaple companies, your account could be handled by a team of advisors rather than just one individual.

Financial Advisors Barnstaple UK (01271)

You will be required to complete a "Fact Find" document, which is a confidential disclosure form relating your financial situation and ambitions to the advising company. A Key Facts or Initial Disclosure Document will also be handed to you, providing information on the financial advisors themselves, outlining their range of permissions in the financial market and their situation for offering independent or restricted advice. If you're not happy with the service provided, and wish to make a complaint, this document should also set down your own legal rights and the options you can take. It has to be simple to understand, written in plain language, and describe exactly what you're signing up for, together with the risks and benefits of accepting the proffered advice. You can find the level of cooling-off period in this document. Within a certain number of days, this enables you to cancel the agreement with your financial advisor.

Ensure that you check what experience and qualifications the financial advisor has when you first talk to them. After all you're about to entrust your financial wellbeing to their skill, so you should not be embarrassed about asking such questions. Every financial advisor in Barnstaple must be in a position to present an annual Statement of Professional Standing, and must at least hold a Level 4 qualification. If your advisor's name doesn't show up on the Financial Services Register, don't freak out, the firm the person works for will almost certainly be on the register and their advisors are all covered by the regulations. If they are unable to supply these accreditations, the individual can't offer advice but is able to offer financial guidance. Guidance is somewhat different to advice as it isn't regulated, and if financial errors occur there will probably be no recourse to the client.

Financial Advisor Quotes in Barnstaple Devon

You'll be asked the amount of risk you're ready to take, if you are seeking advice on investing money. Larger rewards may be possible with higher risk investments, however you could also lose all or some of your capital. In order to get the most beneficial investment and financial advice, your savings aims must be considered, i.e. how much you have to invest, how quickly you need to access your money and long or short term investments. The one question that you should ask of yourself, which is frequently ignored, is how much you can actually afford to lose. This could influence the services and products that could be offered for your consideration, and is referred to as your capacity for loss.

Financial Advice Near Barnstaple Devon

From the outset, it is imperative that you let your financial advisor know about any existing investments, savings accounts, regular outgoings or mortgage loans that you currently have. To make certain that you get the most suitable advice for you, they need a clear and full picture of your financial circumstances. Spreading the risk load across different products through the diversification of your savings and investments, is something that reliable financial advice should encompass. In order to mirror your goals and financial situation, a certified financial advisor in Barnstaple will understand the best products to consider.

A financial advisor will throw open the multifaceted world of finance, and try to communicate in the clearest possible way. You should be in a position to come to an informed decision after you have learned about the various products and services which meet your needs. You can ask your advisor to only include ethical investment and savings schemes. This not only provides you with investment possibilities, but also enables you to lend your support to renewable energy or zero carbon projects, and keep away from companies that don't share the same values as you.

Working together with your financial advisor in Barnstaple can be difficult to fit in around work and other responsibilities. This can be alleviated by supplementing face-to-face appointments with video conferencing and telephone, thus allowing you to get the advice you need at times that are convenient. An experienced financial advice company in Barnstaple will have strict measures in place to keep your details secure and confidential, even if you hardly ever have a one-to-one meeting with your advisor, because home and remote working is now so common.


You have to remember that the financial world is an unpredictable sector, and investment values could just as easily go down as well as up. If your investment isn't making as much money as you hoped for, it can be extremely frustrating and worrying. However, except if it is because of misleading or incorrect information from your advisor your investment having a downward trend is not a recognised cause for complaint.

Independent Financial Advisor Near Barnstaple (EX31)

The firm's official complaints procedure should be the best place to start with any disputes, and the Key Facts Document will clarify this. You can inform the Financial Ombudsman of the issue if it remains unresolved within the period set by the regulating body, and the advisor is registered with the Financial Conduct Authority.

After looking into the cause of the complaint, the Financial Ombudsman will come to a decision on the issue. If the complaint is justified, a decision will be made on how to rectify or financially compensate the customer. This will become legally binding once it has been agreed on by the customer, and the advisor and their firm must comply with the decision. The Financial Ombudsman will also take into consideration any distress, upset, inconvenience and trouble caused to the client during the situation, and set the level of compensation accordingly.

Book a Financial Advisor in Barnstaple UK

Financial advice can be provided in Barnstaple and also in nearby places like: Whiddon Valley, Swimbridge, Shirwell, Strangeways, Lydacott, Goodleigh, Bishops Tawton, Ashford, Fremington, Miles Platting, Umberleigh, Sticklepath, Landkey, Roundswell, Tawstock, together with these postcodes EX31 1DT, EX31 1QN, EX31 1SQ, EX31 1RF, EX31 1PY, EX31 1RZ, EX31 1UJ, EX31 1NH, EX31 1RD, EX31 1JE. Locally based Barnstaple financial advisors will likely have the phone code 01271 and the postcode EX31. Verifying this can ensure that you're accessing locally based financial advisers. Barnstaple homeowners are able to utilise these and lots of other comparable services.

Financial Advisors Devon

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Around Devon you will likewise discover: Teignmouth investment advice, Topsham financial advisors, Holsworthy financial advisors, Ashburton investment advisors, Barnstaple financial advisors, Pinhoe financial advisors, Marldon financial advisors, Dolton investment advice, Ottery St Mary financial advice, Drewsteignton financial advisors, South Tawton financial advice, Bratton Fleming investment advisors, Clyst St Mary financial advisors, Bishops Tawton financial advisors, Lifton financial advisors, Yealmpton financial advice, Ivybridge investment advisors, West Hill investment advice, Brixton financial advisors, Clyst St Mary financial advice, Stoke Gabriel investment advice, South Molton financial advisors, Dawlish investment advice, Salcombe investment advisors, Newton Poppleford investment advice, Dolton financial advice, Stokenham financial advisors, Malborough investment advice.

Necessary Skills for Financial Advisors

  • To have excellent IT skills.
  • To be thorough and pay attention to detail.
  • To have the ability to network and establish solid relationships with customers.
  • Excellent skills in customer service for identifying customer requirements.
  • A competent level of numeracy for building financial strategies.
  • Excellent business management skills for the negotiation of product fees.
  • An excellent understanding of economics and accounting with regard to financial products and markets.
  • To have the ability to listen attentively
  • To have a flexible approach to work.
  • Excellent verbal communication skills.
  • The ability to promote products and services.

Barnstaple Financial Advice Services

Financial Advice Tasks Barnstaple

There is a wide range of services which can be provided by your local Barnstaple financial advisor including savings advice Barnstaple, financial services, life assurance, cashflow planning, financial planning in Barnstaple, personal pensions, money planning, corporate financial planning, pensions in divorce, ethical investments, business planning, personal protection Barnstaple, unit trusts, annuity purchase, life insurance advice Barnstaple, mortgage advice, multi-asset portfolios, investment bonds, inheritance tax planning, business protection, familt controlled trusts, personal financial planning in Barnstaple, pension consolidation, investment consolidation advice, cash flow modelling Barnstaple, tax advice, mutual funds Barnstaple, long term care fee planning in Barnstaple, wealth management & investments, equity release, and lots more. Listed are just a handful of the tasks that can be accomplished by a financial advisor. Barnstaple professionals will keep you informed about their full range of services.


Financial Advisors Near Barnstaple

Also find: Swimbridge financial advisers, Fremington financial advisers, Roundswell financial advisers, Strangeways financial advisers, Ashford financial advisers, Tawstock financial advisers, Goodleigh financial advisers, Miles Platting financial advisers, Bishops Tawton financial advisers, Sticklepath financial advisers, Landkey financial advisers, Whiddon Valley financial advisers, Umberleigh financial advisers, Shirwell financial advisers, Lydacott financial advisors and more. Most of these towns and villages are served by local financial advisers. Barnstaple residents can get price quotes by clicking here.

Barnstaple Financial Advice Services

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Financial Advice Enquiries in Barnstaple Devon (01271)
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Financial Advisors Around Barnstaple: Financial advice has recently been provided in these Barnstaple roads and areas - Sainte Honorine Du Fay Close, Cross Street, Clifton Terrace, Brannams Square, South Street, Corporation Terrace, School Close, Sunny Bank, Brambley Meadow, Diamond Street, Springfield Road, The Orchards, Barum Court, Chestwood, Broadway, Sentry Lane, South View, St Peters Terrace, Church Meadow, Connaught Place, Taw View Terrace, Sticklepath Hill, Alder Glade, Cross Close, Springfield, Crosspark Close, Chanters Hill, Berry Road, Bridge Buildings, as well as the following Barnstaple area postcodes: EX31 1DT, EX31 1QN, EX31 1SQ, EX31 1RF, EX31 1PY, EX31 1RZ, EX31 1UJ, EX31 1NH, EX31 1RD, EX31 1JE. People residing in these areas recently required the help of a financial advisor. Barnstaple residents received dependable and top notch financial services on every occasion.

To get local info about Barnstaple, Devon check here

Financial Adviser Jobs Barnstaple: Get financial advisor jobs in Barnstaple by going here: General Financial Advisor Jobs

Independent financial advisor in EX31 area, and dialling code 01271.

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(This financial advisor Barnstaple article was edited and updated on 06-05-2022)