Financial Advisor Bournemouth

Bournemouth Independent Financial Advice & Investment

Financial Advisor Bournemouth Dorset (BH1): If you're seeking financial advice for the first time, trying to find a decent independent financial advisor in Bournemouth can be an intimidating experience. Whether you are searching for investment, pensions, mortgage or even insurance advice, all professional financial advisors have one thing in common; they all have to follow the regulations of the FCA (Financial Conduct Authority). Any advice given through a FCA authorised financial advisor in Bournemouth comes with the guarantee that should things go wrong, you have access to the Financial Services Compensation Scheme or the Financial Ombudsman.

Free Bournemouth Financial Advisor Quotes

Recommendations from neighbours and friends can be a decent starting place in selecting a financial advisor in Bournemouth, but remember that their situation may be different to the sort of advice you are looking for. Their advice needs to be adapted to your particular circumstances, and every financial advisor is not suitable for everybody. It is a good idea to talk with at least 3 different companies when you are considering a financial advisor, since this is a big decision, and you need to find one that you can trust and feel comfortable with, and at the same time explore the options they can provide.

Financial Advisor Bournemouth Dorset (BH1)

There are 2 main kinds of financial advisor in Bournemouth; independent financial advisors (IFA) and restricted advisors. An independent financial advisor won't be restricted to a single company's services and products. Covering the full gamut of financial products and companies, independent financial advice must be offered in a frank and unbiased way to clients. This enables you to select from the widest range of products to meet your needs. If you go to a restricted advisor you'll soon realise that they could be restricted to products and services of a single firm, or as in the case of a mortgage advisor, will only be focused on one product.

The Financial Conduct Authority demands that any Bournemouth financial advisor must be fully transparent with you about their charges, before taking you on as a client. Based on the type of product you're looking for, you could be charged by the hour, a set fee or maybe even a percentage of your investment value. You will sometimes be offered a free first consultation to enable you to discuss your goals and see if the advisor is the correct fit for your circumstances. In some of the larger Bournemouth firms, you could find that your account is being handled by a team rather than an individual advisor.

Financial Advisors Bournemouth UK (01202)

You will be required to fill out a "Fact Find" document, which is a confidential disclosure form relating your financial situation and aims to the advising firm. An Initial Disclosure Document, or Key Facts Document will also be given to you, providing details about the financial advisors themselves, outlining their range of permissions in the financial sector and their status to offer restricted or independent advice. If you're not satisfied with the service, and wish to submit a complaint, this document should also set down your rights and the options you can take. It should outline what you are committing yourself to, and any possible benefits and risks that exist should you opt to accept the offered advice, and it has to be written in plain English. The level of cooling-off period should also be explained in this Key Facts Document. This enables you to change your mind within a specific number of days, and cancel the contract with your financial advisor.

When chatting with your financial advisor for the first time you should check their qualifications and experience. You should never be self-conscious about asking these questions, after all you're just about to entrust your financial future to their skill. Every Bournemouth financial advisor must be in a position to present an annual Statement of Professional Standing, and must hold at least a Level 4 qualification. You should not panic if your particular financial advisor's name doesn't appear on the Financial Services Register, providing the firm is on the register, their personnel are covered by the legislation. If they are not able to provide these accreditations, the individual can't offer advice but only financial guidance. In terms of finance guidance differs to advice and isn't regulated in the same way. Therefore there is no recourse for either party if errors arise.

Financial Advisor Quotes in Bournemouth Dorset

If you're seeking advice on investing money you'll be asked about the amount of risk you are ready to accept. Most investments carry some element of risk, but higher risk investments may offer bigger rewards, but also more likelihood of losing some or all of your money. Decent financial and investment advice should take you savings objectives into consideration, i.e. how quickly you need to access your funds, how much money you want to invest and short or long term investments. "How much money can you actually afford to lose?" Is the one crucial question that you should really be asking yourself. Known as your capacity for loss, this will very likely affect the services and products that you are offered.

Financial Advice Near Bournemouth Dorset

From the outset, it's important to let your financial advisor know about any mortgages, regular outgoings, investments or savings that you have. To ensure that you receive the most appropriate advice for you, they need to gather a full and clear picture of your financial circumstances. Smart financial advice should include diversifying your savings and investments by spreading the risk across a number of different products. A competent financial advisor in Bournemouth will have the knowledge of the best products to consider, which match your goals and your financial situation.

Communicating in the plainest speech possible, your financial advisor will reveal the complex world of finance and investment. After comparing the products and services which meet your needs, you should be able to come to an informed and calculated decision. If environmental issues are at the forefront of your mind, you could even ask that ethical investment and savings schemes take top priority. This not only gives you investment opportunities, but also allows you to support zero carbon or renewable energy projects, and steer clear of companies that don't share the same values as you do.

It may prove hard to manage your work day and other commitments around working closely with a financial advisor in Bournemouth. To enable you to seek advice at a time to suit you, face-to-face appointments can be supplemented with telephone calls and video conferencing. Even if you rarely have an in-person meeting with your personal advisor, a competent financial advice firm in Bournemouth will have strict measures in place to ensure your details are kept confidential and secure, because home and remote working is now commonplace.


Investments can be an unpredictable area, and their values can fall as well as rise. It can be very frustrating and worrying if your investment isn't making as much money as you hoped for. A downward spiraling of your investment isn't a recognised cause for complaint, unless your advisor has given you misleading or wrong information.

Independent Financial Advisor Near Bournemouth (BH1)

As indicated in the Key Facts Document, any disputes should start out with the firm's complaints procedure. If the issue remains unresolved within the time schedule set out by the regulating authority, and the advisor is a member of the Financial Conduct Authority, you can contact the Financial Ombudsman.

After reviewing the cause for complaint, the Financial Ombudsman will come to a decision on the issue. A decision will be made on how to financially compensate the client, if the complaint is justified. This becomes legally binding as soon as it has been accepted by the client, and the financial advisor and their firm must comply with the decision. The Financial Ombudsman will also consider any distress, hassle, inconvenience and upset caused to the client during the process, and set the level of compensation accordingly.

Book a Financial Advisor in Bournemouth UK

Financial advice can be provided in Bournemouth and also in nearby places like: Kinson, Moordown, Winton, Canford Magna, Canford Cliffs, Broadstone, Northbourne, Westbourne, Hurn, Boscombe, Parkstone, Christchurch, Queens Park, Hampreston, Southbourne, Branksome Park, and in these postcodes BH1 1PS, BH1 2NJ, BH1 1HT, BH1 1AF, BH1 1ZU, BH1 2BY, BH1 2JU, BH1 2LN, BH1 1RF, BH1 2AH. Local Bournemouth financial advisers will most likely have the postcode BH1 and the dialling code 01202. Checking this out can ensure you access local financial advisers. Bournemouth property owners will be able to utilise these and many other finance related services. Click the "enquiry" form or banner to get information on financial advisors in your location.

Everyday Tasks for a Financial Advisor

  • A financial advisor meets sales and performance targets.
  • A financial advisor provides consultation, education and counselling regarding finances and investments.
  • A financial advisor produces financial reports.
  • A financial advisor negotiates with providers of financial products.
  • A financial advisor speaks with clients regarding their plans and finances.
  • A financial advisor updates customers about their investments.
  • A financial advisor maintains detailed records of potential transactions and clients.
  • A financial advisor researches financial products and explains them simply and clearly to customers.
  • A financial advisor works with peers to gather market information, statistics and trends.
  • A financial advisor keeps up to date with law changes and new financial products.

Bournemouth Financial Advice Services

Financial Advice Tasks Bournemouth

There is a variety of services that can be provided by your local Bournemouth financial advisor including retirement advice, trustee investment services in Bournemouth, pension transfer advice, pensions in divorce in Bournemouth, money planning Bournemouth, financial advice services, life assurance, stakeholder pensions, inheritance tax planning, pension reviews in Bournemouth, business financial planning, long term care fee advice, general financial planning Bournemouth, critical illness cover, tax planning, personal protection in Bournemouth, income protection advice Bournemouth, independent financial advice in Bournemouth, equity release, investment bonds, will writing services, financial analyst services, cash flow modelling, multi-asset portfolios Bournemouth, life insurance advice, pension planning in Bournemouth, savings advice, business protection, pension planning, saving for children, and lots more. These are just a few of the tasks that can be accomplished by a financial advisor. Bournemouth professionals will let you know their full range of services.

Skills and Knowledge Needed by Financial Advisors

  • To have the ability to listen attentively
  • Excellent verbal communication skills.
  • To have the ability to network and build solid relationships with clients.
  • To pay attention to detail and be thorough.
  • To be good at promoting financial services and products.
  • Effective customer service skills for identifying client requirements.
  • An excellent understanding and knowledge of economics and accounting associated with financial markets and products.
  • Excellent business management skills for negotiating product fees.
  • To have the ability to use a computer and the appropriate software applications.
  • A good level of mathematical knowledge for producing financial packages.
  • To have excellent time management skills.

Financial Advisors Near Bournemouth

Also find: Parkstone financial advisors, Moordown financial advisors, Hurn financial advisors, Canford Magna financial advisors, Broadstone financial advisors, Canford Cliffs financial advisors, Queens Park financial advisors, Kinson financial advisors, Southbourne financial advisors, Winton financial advisors, Northbourne financial advisors, Branksome Park financial advisors, Boscombe financial advisors, Hampreston financial advisors, Westbourne financial advisors and more. Financial advisors are available for consultation services in practically all of these towns and areas. Householders in these areas can make enquiries about financial advice by going here.

Bournemouth Financial Advice Services

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Financial Advice Enquiries in Bournemouth Dorset (01202)
  • Bournemouth Mortgage Advice
  • Bournemouth Life Insurance Advice
  • Bournemouth Corporate Financial Advice
  • Bournemouth Inheritance Advice
  • Bournemouth Financial Services
  • Bournemouth Trustee Investments
  • Bournemouth Tax Advice
  • Bournemouth Financial Advice
  • Bournemouth Retirement Advice
  • Bournemouth Cashflow Analysis
  • Bournemouth Investment Advice
  • Bournemouth Cheap Financial Advice
  • Bournemouth Financial Advice Quotes
  • Bournemouth Estate Planning

More Bournemouth Services: Not surprisingly, whenever you are looking at your finances in Bournemouth, Dorset, you are likely to be in need of all types of different services and as well as a financial advisor in Bournemouth, Dorset, you could also need accountants in Bournemouth, contracts lawyers in Bournemouth, tax preparation in Bournemouth, property law & conveyancing in Bournemouth, bookkeepers in Bournemouth, will writing in Bournemouth, solicitors in Bournemouth, payroll services in Bournemouth, business financial planning in Bournemouth, family lawyers in Bournemouth, estate planning in Bournemouth, banruptcy lawyers in Bournemouth, mortgage advice in Bournemouth, investment advisors in Bournemouth, debt recovery & collection in Bournemouth, mortgage brokers in Bournemouth, business consulting in Bournemouth, and other different Bournemouth experts.

Bournemouth Financial Advisor Jobs: Find financial advisor jobs in Bournemouth by going here: Financial Advisor Jobs Bournemouth

If you would like to get local information on Bournemouth, Dorset click here

Independent financial advisor in BH1 area, and dialling code 01202.

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(This financial advisor Bournemouth information was last updated on 20-02-2024)