Financial Advisor Bideford

Bideford Independent Financial Advice & Investment

Financial Advisor Bideford Devon (EX39): Locating a first-rate financial advisor advisor in the Bideford area can be an intimidating experience, particularly if you are seeking financial advice for the first time. Whether it is mortgage, pensions, investments or even insurance advice that you are looking for, there's one common rule for all financial advisors; they must all follow FCA (Financial Conduct Authority) regulations. The advantage of this is that if a financial advisor who is FCA approved gives you poor advice, and things go awry, you have guarantees, and are able to contact the Financial Services Compensation Scheme or the Financial Ombudsman to have it put right.

Free Bideford Financial Advisor Quotes

Family and friends recommendations can be a decent starting point in selecting a financial advisor in Bideford, but remember that their situation may be different to the sort of advice you are looking for. Financial advice should be individually tailored to your particular circumstances, and you'll discover that certain financial advisors may not be suitable for you. It is wise to chat to at least 3 different firms when you're selecting a financial advisor, as this is a big decision, and you will be looking to find one that you feel comfortable with and can trust, and also investigate the various options they offer.

Financial Advisor Bideford Devon (EX39)

When it comes to picking a financial advisor in Bideford, there are two principal types; restricted advisors and independent financial advisors (IFA). The benefit of seeing an independent financial advisor is that they won't be confined to the services or products of just one provider, and can offer a broader range of options. Independent financial advice should be given in an impartial and unbiased way and should cover the entire spectrum of financial companies and products. Consulting an independent financial advisor should permit you to pick from the broadest possible array of services. If you use a restricted advisor you'll find that they could be restricted to services and products of a specific firm, or as with a mortgage advisor, might only be concerned with one individual product.

The FCA demands that any financial advisor must tell you about their charges, before accepting you as a client. Determined by the kind of services you're interested in, you could be charged a set fee, by the hour or possibly even a percentage of your investment value. You might be offered the chance of a free first consultation to enable you to discuss your objectives and find out if the advisor is suitable for your circumstances. If you go with one of the larger Bideford firms, your account may be managed by a team of advisors rather than just one person.

Financial Advisors Bideford UK (01237)

Before any actual financial advice is handed out you'll be required to fill out a confidential disclosure document, called a "Fact Find" form, which tells the advising company about your financial situation and ambitions. To provide details of the financial advisor, their status to offer restricted or independent advice and the extent of their permissions in the financial market, you will also be given an Initial Disclosure, or Key Facts Document. Your own legal rights will also be laid out in this document, together with the possible options you can take if you want to submit a complaint because you aren't satisfied with the service you're given. It should be easy to understand, written in layman's terms, and explain exactly what you're signing up for, along with the benefits and risks of taking the proffered advice. You can find the level of cooling-off period in this document. This enables you to cancel your agreement within a specific time frame, and whenever any penalties have to be paid.

The very first time you are speaking with your financial advisor make sure you check what experience and qualifications they have. Asking such questions should not cause you any embarrassment, because after all you're entrusting them with your financial wellbeing. A Level 4 qualification in financial advice is the minimum required certification for any financial advisor in Bideford, and they must also be able to show an annual Statement of Professional Standing. You shouldn't freak out if your particular advisor's name does not appear on the Financial Services Register, providing the firm is on the register, their staff are covered by the legislation. If these can't be provided the person may still offer financial guidance instead of advice. Guidance differs to advice as it isn't regulated, and if mistakes are made there will likely be no recourse to the client.

Financial Advisor Quotes in Bideford Devon

You'll be asked the level of risk you are ready to take on, if you are seeking advice on investing money. Many investments carry some element of risk, but high risk investments could potentially offer higher rewards, and also more likelihood of losing some or all of your money. The best investment and financial advice will take you savings goals into consideration, i.e. how much you have to invest, long or short term investments and how rapidly you need access to your funds. You must invariably ask yourself the one important question, how much money can you truly afford to lose. Commonly called your capacity for loss, this will quite likely have an effect on products and services that you are offered.

Financial Advice Near Bideford Devon

Right from the start, it is important to tell your financial advisor about any existing investments, regular payments, mortgage loans or savings that you have. To make certain that you get the best advice for you, they need a clear and full picture of your financial situation. Good financial advice should include diversifying your savings and investments by spreading the risk across various different products. A competent financial advisor in Bideford will understand the best products to consider, which reflect your financial situation and your goals.

Communicating in the plainest speech possible, your financial advisor will lay bare the multifaceted world of finance and investment. After comparing the various services and products which meet your needs, you should be able to come to an informed and calculated decision. You can ask your advisor only to choose ethical investments and savings. This doesn't just give you investment possibilities, but also enables you to support zero carbon or renewable energy projects, and stay clear of businesses that don't share the same values as you.

Having constant interactions with your financial advisor in Bideford could create complications with work and other responsibilities. Face-to-face appointments can be complemented with telephone calls and video conferencing to enable you to get advice at a time to suit you. Working from home and remote working is now a large part of our society, and a professional financial advice firm in Bideford will have stringent measures in force to keep your details confidential and secure, even if you never have a one-to-one meeting with your personal advisor.


You have to understand that the financial sector can be an unpredictable one, and the value of your investments can just as easily drop as well as rise. If it just so happens that your investment isn't making the amount of money you were hoping for, it can be a frustrating and worrying time. Your investment having a downward trend isn't a recognised basis for complaint, unless your financial advisor has supplied you with incorrect or misleading information.

Independent Financial Advisor Near Bideford (EX39)

Any complaints should start out with the company's official complaints procedure as described in the Key Facts Document. You can inform the Financial Ombudsman of the situation if it remains unsolved within the time schedule laid down by the regulating authority, and your advisor is registered with the FCA.

The Financial Ombudsman will make a ruling after reviewing the cause of the complaint independently. A decision is made on how to rectify or financially compensate the client, if the complaint is justified. The advisor and their firm must comply with any decision that is made, which becomes legally binding once the customer has accepted it. Any compensation set by the Ombudsman will also take into account any hassle, inconvenience, distress and annoyance caused to the client during the process.

Book a Financial Advisor in Bideford UK

Financial advice can be provided in Bideford and also in: Northam, Appledore, Abbotsham, Westleigh, Westward Ho!, Littleham, East-the-Water, Barnstaple, Monkleigh, Eastleigh, Handy Cross, Landcross, Tapeley, Fairy Cross, Weare Gifford, Instow, and in these postcodes EX39 2NR, EX39 2DE, EX39 3BA, EX39 3AA, EX39 2JF, EX39 2NH, EX39 2AT, EX39 2RZ, EX39 2EN, EX39 2QX. Locally based Bideford financial advisers will probably have the phone code 01237 and the postcode EX39. Verifying this should confirm that you access locally based financial advisers. Bideford property owners can utilise these and lots of other comparable services.

Pension Planning

Pension planning is a key step towards a secure retirement. Significant improvements to this process can result from engaging a financial advisor's services. A competent advisor will assess your current financial situation, understand your retirement objectives, and design a personalised pension plan. Navigating the complexities of UK pension alternatives, they deal with the state pension, workplace pensions, and SIPPs (self-invested personal pensions). You can take full advantage of their expertise to make informed decisions about investment choices, tax implications and contributions. Working with a financial advisor in Bideford guarantees the creation of a robust pension plan, providing peace of mind and financial stability for your future.

The State Pension is the cornerstone of UK pension planning, as it provides a standard level of retirement income that is backed by the government. The State Pension is typically only available to those who have made enough National Insurance contributions over their working life. However, changes to the State Pension age and the number of qualifying years needed have made understanding the intricacies of this scheme more important than ever before. (42316)

Fundamental Skills for a Financial Advisor

  • To be able to network and establish relationships with clients.
  • To be confident in using a computer and the primary software applications.
  • To have a flexible work ethic.
  • To have the ability to listen attentively
  • An excellent level of maths knowledge for producing financial plans.
  • Excellent management skills for negotiating product rates.
  • Good verbal communication skills.
  • To be good at selling products and services.
  • To pay attention to detail and be thorough.
  • Excellent customer service skills for determining customer needs.
  • An excellent understanding of economics and accounting with regard to financial products and markets.

Bideford Financial Advice Services

Financial Advice Tasks Bideford

There is a variety of services which can be provided by your local Bideford financial advisor including divorce planning, long term care fee advice in Bideford, bridging finance, investment plans Bideford, investment bonds Bideford, corporate bonds, retirement advice, ethical investment advice, pension transfers in Bideford, income protection advice, cash flow modelling, wealth management & investments, cheap financial advice, trusts Bideford, pension plans Bideford, independent financial advice Bideford, mutual funds, personal financial planning, equity release, bereavement benefits in Bideford, pension reviews Bideford, investing an inheritance, offshore investments, savings advice, corporate financial planning in Bideford, financial planning, trustee investment services, mortgage services, pension consolidation, ISA's, and more. These are just some of the tasks that can be undertaken by a financial advisor. Bideford professionals will be happy to tell you about their entire range of financial services.


Financial Advisors Near Bideford

Also find: Instow financial advisors, Fairy Cross financial advisors, Weare Gifford financial advisors, Tapeley financial advisors, Handy Cross financial advisors, East-the-Water financial advisors, Littleham financial advisors, Westward Ho! financial advisors, Abbotsham financial advisors, Landcross financial advisors, Monkleigh financial advisors, Westleigh financial advisors and more. Anybody who is searching for financial advice, will discover that these services are readily available in almost all of these towns and villages. Home and property owners in these localities can make enquiries about financial advice by clicking here.

Bideford Financial Advice Services

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Financial Advice Enquiries in Bideford Devon (01237)
  • Bideford Financial Advice Quotations
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  • Bideford Life Insurance Advice
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  • Bideford Estate Planning
  • Bideford Pension Advice
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  • Bideford Wealth Management
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Financial Advisor Jobs Bideford: View financial adviser jobs near Bideford by clicking here: General Financial Advisor Jobs

For the best local Bideford information take a look here

Independent financial advisor in EX39 area, telephone code 01237.

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(This financial advisor Bideford page was checked and updated on 20-02-2024)