Financial Advisor Bispham

Bispham Independent Financial Advice & Investment

Financial Advisor Bispham Lancashire (FY2): If you are seeking financial advice for the very first time, trying to find a good financial advisor advisor in the Bispham area can be a challenging experience. Whether you are searching for mortgage, pension, investments or even insurance guidance, all financial advisors are bound by one common rule; they must all stick to the regulations set by the FCA (Financial Conduct Authority). This comes with various guarantees, so after taking advice from a FCA registered financial advisor in Bispham, you can seek reparation from the Financial Services Compensation Scheme or the Financial Ombudsman Scheme, if something should go wrong.

Free Bispham Financial Advisor Quotes

When choosing a financial advisor in Bispham, a decent place to begin could be relatives and friends, however you must bear in mind that your situation may not be the same as theirs, and you might be in need of a different sort of advice. Financial advice needs to be specifically tailored to your particular circumstances, and you'll discover that certain financial advisors may not be suitable for you. Selecting a financial advisor is an important decision and it is wise to chat to at least 3 different companies in order to investigate the options they provide, and to find one that you can trust and feel at ease with.

Financial Advisor Bispham Lancashire (FY2)

When you're looking to pick a financial advisor in Bispham, there are 2 main types; restricted advisors and independent financial advisors (IFA). Offering a more diverse range of options, an independent financial advisor should not be confined to a single provider's services or products. Encompassing the full gamut of financial companies and products, independent financial advice must be given in an unbiased and impartial way to customers. If you choose to use an IFA, you'll be able to choose from the widest possible range of products, so as to find the right solution for you. A restricted advisor may be involved with a single product, such as a mortgage advisor, or be limited to services and products from a specific provider.

Before any Bispham financial advisor accepts you as a client, they're required by the Financial Conduct Authority to discuss their charges with you. Although it varies determined by the type of product or service you require, there could be a set fee, an hourly rate, or you might even be charged a proportion of the money you're investing. To discuss your objectives and see if the advisor is a right fit for your circumstances, you will sometimes be offered the possibility of a free initial consultation. Your account may be managed by a team rather than one individual advisor, if you choose to go with one of the bigger Bispham firms.

Financial Advisors Bispham UK (01253)

Before any actual financial advice is handed out you'll have to fill in a confidential disclosure form, known as a "Fact Find" document, which tells the advising company about your goals and financial situation. To provide information about the financial advisor, their status to offer restricted or independent advice and their range of permissions in the financial sector, you will also be handed a Key Facts or Initial Disclosure Document. If you aren't satisfied with the service provided, and wish to submit a complaint, this document should also set down your legal rights and the options you can take. It should be written in plain English and outline what you're committing yourself to, and any potential benefits and risks should you elect to go along with the advice offered. The level of cooling-off period should also be explained in this document. This allows you to cancel your contract within a certain time frame, and if any penalty charges have to be paid.

When talking to the financial advisor the very first time you need to check their qualifications and experience. Asking these questions should never be a cause for embarrassment, because you are about to entrust them with your financial wellbeing. Every financial advisor in Bispham must present an annual Statement of Professional Standing, and must at least hold a Level 4 qualification. If the advisor's name doesn't show up on the Financial Services Register, you shouldn't panic, the firm the individual works for will almost certainly be on the register and their advisors will be covered by the legislation. If these can't be presented the individual may still offer financial guidance rather than advice. Guidance is not subject to regulations in the same way as financial advice, meaning that if errors arise neither party will have any recourse.

Financial Advisor Quotes in Bispham Lancashire

If you're seeking advice on investments you will be asked about the level of risk you are comfortable with. Many investments carry some degree of risk, but higher risk investments could offer substantial rewards, and also more likelihood of losing some or all of your cash. In order to get the very best investment and financial advice, your savings goals must be given careful consideration, i.e. how rapidly you need access to your money, how much money you want to invest and short or long term investments. You must invariably ask yourself the one vital question, how much can you actually afford to lose. This might affect the products and services that could be offered for your consideration, and is known as your capacity for loss.

Financial Advice Near Bispham Lancashire

You must let your financial advisor know about your existing regular outgoings, mortgage loans, savings accounts or investments. They will need to know this, so they can get a picture of your financial situation and give the best advice for you. Spreading the risk load across various products through the diversification of your investments and savings, is something that sound financial advice should encompass. With a knowledge of the best areas to consider, a professional financial advisor will favour products that most closely fit in with your goals and financial circumstances.

Your financial advisor will attempt to communicate in the clearest possible way, to unveil the multifaceted world of finance. This will allow you to compare services and products which meet your needs, and come to an informed decision. If you are environmentally minded, you could ask your financial advisor to stick to ethical savings and investments. This will allow you to give your support to companies and businesses which match your concerns, e.g. zero carbon or green energy, or perhaps staying away from companies that don't meet your criteria.

It may prove hard to manage your work life and other commitments around a close working relationship with your financial advisor in Bispham. One-on-one meetings can be backed up with video conferencing and telephone to allow you to seek advice at times that suit you. An established financial advice firm in Bispham will have rigorous measures in place to keep your details confidential and secure, even if you never have an in-person meeting with your personal advisor, because home and remote working is no longer unusual.


Investments can go down as well as up, because the financial sector can be volatile. It can be quite demoralising and worrying if your investment is not making the amount of money you hoped for. However, unless it's owing to wrong or misleading information from your financial advisor, a downward trend in your investment isn't a recognised cause for complaint.

Independent Financial Advisor Near Bispham (FY2)

The firm's complaints procedure should be the starting position for any disputes, and the Key Facts Document should clarify this. If your advisor is a member of the FCA, you can inform the Financial Ombudsman of the matter if it is unresolved within the time period laid down by the regulating authority.

The Financial Ombudsman will look into the cause for complaint and make a ruling. If it's established that the complaint is justifiable, a decision is made on how the customer can be compensated. Once the ruling is accepted by the client it becomes a legally binding decision which the financial advisor and their firm, must comply with. Any compensation as set out by the Ombudsman will also take into consideration any distress, annoyance, trouble and inconvenience caused to the client during the situation.

Book a Financial Advisor in Bispham UK

Financial advice can be provided in Bispham and also in: Cleveleys, Weeton, Knott End-on-Sea, Staining, Singleton, Hambleton, Out Rawcliffe, Thornton-Cleveleys, Greenhaigh, Thornton, Poulton-le-Fyde, Fleetwood, Blackpool, Great Eccleston, Elswick, together with these postcodes FY5 1LY, FY5 1JB, FY5 1AA, FY5 1EL, FY5 1AY, FY5 1EA, FY5 1FD, FY5 1HG, FY5 1HR, FY5 1BE. Local Bispham financial advisers will probably have the postcode FY2 and the dialling code 01253. Checking this out will ensure you're accessing local financial advisers. Bispham homeowners can benefit from these and numerous other comparable services. Click the "enquiry" banner or form to get info on financial advisors in your location.

Pension Planning

Secure retirement hinges on the important aspect of pension planning. The process can be dramatically enriched through the involvement of a financial advisor's services. A knowledgeable advisor will assess your current financial circumstances, understand your retirement objectives, and design a customised pension solution. They navigate the intricacies of the UK's pension alternatives, such as the State Pension, workplace pensions, and SIPPs. To make informed decisions about contributions, tax implications and investment choices, you can take advantage of their expertise. Working with a financial advisor in Bispham is key to creating an effective pension plan, providing financial stability and peace of mind for your future. (61324)

Necessary Skills for a Financial Advisor

  • To be confident in using a computer and the main software packages.
  • To be organised and self-motivated.
  • A solid understanding of accounting and economics relating to financial markets and products.
  • To pay attention to detail and be thorough.
  • Effective management skills for negotiating product rates.
  • To have the ability to listen attentively
  • Good verbal communication skills.
  • To be good at selling products and services.
  • A good level of numeracy for producing financial strategies.
  • Effective skills in customer service for establishing customer requirements and needs.
  • To have the ability to network and establish solid relationships with customers.

Bispham Financial Advice Services

Financial Advice Tasks Bispham

There are a whole host of services which can be provided by your local Bispham financial advisor including wealth management & investments, pensions in divorce, equity release, long term care fee planning, business protection, investment advice, multi-asset portfolios, annuities Bispham, life insurances in Bispham, income protection Bispham, retirement planning, pension consolidation advice, family income benefit, tax advice in Bispham, investing an inheritance, offshore investment advice, will writing services, general financial planning Bispham, personal financial planning Bispham, unit trusts, trusts, ethical investments, financial services, trustee investment services, independent financial advice, cash flow modelling, annuity purchase, financial analyst services Bispham, pension planning, investment bonds, and lots more. Listed are just a few of the activities that can be accomplished by a financial advisor. Bispham professionals will keep you informed about their entire range of financial services.

The Daily Duties for a Financial Advisor

  • Financial advisors work together with colleagues to collect statistics, trends and market information.
  • Financial advisors meet performance and sales targets.
  • Financial advisors recommend the financial products that are best-suited to their clients.
  • Financial advisors produce in-depth financial reports.
  • Financial advisors keep fully abreast of law changes and new financial products.
  • Financial advisors collaborate with providers of financial products.
  • Financial advisors keep detailed records of transactions and clients.
  • Financial advisors provide education, counselling and consultation regarding investments and finances.
  • Financial advisors update clients regarding their investments.
  • Financial advisors talk with customers regarding their plans and finances.

Financial Advisors Near Bispham

Also find: Knott End-on-Sea financial advisors, Staining financial advisors, Out Rawcliffe financial advisors, Thornton financial advisors, Greenhaigh financial advisors, Weeton financial advisors, Elswick financial advisors, Hambleton financial advisors, Little Bispham financial advisors, Singleton financial advisors and more. All of these areas are serviced by financial advisors. Residents in the region can make enquiries about financial advice by clicking here.

Bispham Financial Advice Services

Find a Financial Advisor in Bispham Here
Financial Advice Enquiries in Bispham Lancashire (01253)
  • Bispham Cheap Financial Advice
  • Bispham Investment Advice
  • Bispham Retirement Advice
  • Bispham Financial Advice Quotes
  • Bispham Inheritance Advice
  • Bispham Pension Advice
  • Bispham Life Insurance Advice
  • Bispham Cashflow Analysis
  • Bispham Tax Advice
  • Bispham Trustee Investments
  • Bispham Corporate Financial Advice
  • Bispham Mortgage Advice
  • Bispham Wealth Management
  • Bispham Financial Services

For local information about Bispham, Lancashire click here

Independent financial advisor in FY2 area, (dialling code 01253).

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