Financial Advisor Burnham-on-Sea

Burnham-on-Sea Independent Financial Advice & Investment

Financial Advisor Burnham-on-Sea Somerset (TA8): It can be a challenging experience trying to find a good independent financial advisor in Burnham-on-Sea, in particular if it's the first time that you're in search of financial advice. Whether you are looking for mortgage, pension, investment or even insurance guidance, all financial advisors are bound by one simple rule; they must all conform to the regulations of the Financial Conduct Authority. The advantage of this is that should a financial advisor who is FCA certified give you bad advice, and anything goes awry, you've got guarantees, and are able to contact the Financial Ombudsman or the Financial Services Compensation Scheme to get it put right.

Free Burnham-on-Sea Financial Advisor Quotes

Recommendations from friends and relatives can be a good starting point in choosing a financial advisor in Burnham-on-Sea, but bear in mind that their circumstances might be different to the kind of advice you are looking for. Their advice needs to be personalised to your unique situation, and every financial advisor is not suitable for everyone. It is a good idea to chat to at least 3 different companies when you're considering a financial advisor, since this is a major decision, and you need to find one that you feel comfortable with and can trust, and also explore the various options they offer.

Financial Advisor Burnham-on-Sea Somerset (TA8)

There are 2 principal kinds of financial advisor in Burnham-on-Sea; independent financial advisors and restricted advisors. An IFA will not be limited to just one company's services and products. Independent financial advice must encompass the whole gamut of financial products and companies, and must be given in an impartial way. This will permit you to pick from the widest range of services to meet your needs. If you go to a restricted advisor you'll find that they might be limited to products and services of a specific provider, or as with a mortgage advisor, will only be concerned with one individual product.

The FCA demands that any Burnham-on-Sea financial advisor must tell you about their charges, before taking you on as a client. Although it can vary subject to the kind of service you are interested in, there may be an hourly rate, a set fee, or you may even be charged a slice of the money you are investing. You will sometimes be offered the possibility of a free preliminary consultation to enable you to discuss your aims and see if the advisor is a good fit for you and your situation. Your account may be managed by a team as opposed to one individual advisor, if you choose to go with one of the larger firms in Burnham-on-Sea.

Financial Advisors Burnham-on-Sea UK (01278)

To summarise your financial situation and goals to the advising company, you will be required to complete a "Fact Find" form, which is a confidential disclosure document. To provide information regarding the financial advisor, their situation for offering restricted or independent advice and the extent of their permissions in the financial market, you will also be handed a Key Facts or Initial Disclosure Document. This document will also make clear your own legal rights and the options you can take if you're not happy with the service provided, and would like to submit a complaint. It must be written in plain English and outline what you're committing yourself to, and any possible benefits and risks that exist should you decide to accept the offered advice. The level of cooling-off period should also be fully explained in this document. This makes it possible for you to cancel your contract within a specific time period, and if any penalties are incurred.

The first time you are talking to your financial advisor ensure that you check what qualifications and experience they've got. You needn't be self-conscious about asking such questions, after all you are about to entrust your financial future to their expertise. Every Burnham-on-Sea financial advisor must be able to present an annual Statement of Professional Standing, and must at least hold a Level 4 qualification. If your advisor's name does not show up on the Financial Services Register, you shouldn't freak out, the firm the advisor works for should be found on the register and their staff will be covered by the regulations. If they're not able to supply these accreditations, the person can't offer advice but is able to offer financial guidance. Guidance differs to advice as it's not regulated in the same way, and if errors are made there will likely be no recourse to either party.

Financial Advisor Quotes in Burnham-on-Sea Somerset

You will be asked the level of risk you are ready to take on, if you are seeking advice on investing money. Most investments carry some element of risk, but higher risk investments could potentially offer better rewards, and also more chance of losing some or all of your money. Your savings objectives will need to be taken into account if the best financial and investment advice is to be given, i.e. how much you have to invest, long or short term investments and how quickly you need to access your funds. "How much can you afford to lose?" Is the one important question that you really need to ask yourself. Referred to as your 'capacity for loss', this will quite likely influence the services and products that you're offered.

Financial Advice Near Burnham-on-Sea Somerset

Right from the start, it's crucial that you tell your financial advisor about any mortgages, savings accounts, regular outgoing payments or investments that you have. To make certain that you get the most suitable advice for you, they need a clear and full picture of your finances. Diversifying your investments and savings by spreading the risk load across various different products, is a crucial part of reliable financial advice. With a knowledge of the best areas to consider, a certified financial advisor will concentrate on products that match your financial circumstances and goals.

Your financial advisor will communicate in as plain a speech as possible, to lay bare the complex world of finance. After comparing the various services and products that meet your needs, you should be able to come to an informed and knowledgeable decision. If environmental issues are at the forefront of your mind, you could maybe ask that ethical investments and savings take precedence. This will allow you to support organisations and firms that address your concerns, e.g. renewable energy or zero carbon, or perhaps staying away from businesses that do not meet your criteria.

It isn't that easy to have a close working relationship with a financial advisor in Burnham-on-Sea without this affecting your work day and other responsibilities. To allow you to get advice at times that suit you, one-on-one appointments can be supplemented with video conferencing and telephone. An established financial advice firm in Burnham-on-Sea will have strict measures in place to keep your details confidential and secure, even if you rarely have an in-person meeting with your personal advisor, because home and remote working is no longer unusual.


Investment values can go down as well as up, and this is something that you must bear in mind. It can be very stressful and frustrating if your investment is not making as much money as you hoped for. A downward trend in your investment is not seen as a cause for complaint, unless your financial advisor has supplied you with incorrect or misleading information.

Independent Financial Advisor Near Burnham-on-Sea (TA8)

Any grievances should begin with the company's official complaints procedure as described in the Key Facts Document. If the financial advisor is a member of the FCA, you can let the Financial Ombudsman know about the issue if it is unsolved within the timeframe set out by the regulating authority.

The Financial Ombudsman will make a ruling after reviewing the cause for complaint independently. If it's established that the complaint is justifiable, a decision is made on how the client can be compensated or the situation rectified. This becomes legally binding once it has been agreed on by the customer, and the financial advisor and their company must abide by the decision. The Ombudsman will also consider any hassle, distress, upset and inconvenience caused to the customer during the dispute, and fix the level of compensation proportionately.

Book a Financial Advisor in Burnham-on-Sea UK

Financial advice can be provided in Burnham-on-Sea and also nearby in: Brent Knoll, Edithmead, Bason Bridge, Lympsham, Weston-super-Mare, Highbridge, Alstone, Berrow, Watchfield, Walrow, Mark, East Huntspill, Huntspill, East Brent, Wedmore, Southwick, together with these postcodes TA8 1PN, TA8 1DA, TA8 1BT, TA8 1HR, TA8 1ET, TA8 2AL, TA8 1BP, TA8 1EH, TA8 1DX, TA8 1HQ. Locally based Burnham-on-Sea financial advisors will likely have the postcode TA8 and the dialling code 01278. Checking this out will make certain that you access locally based financial advisers. Burnham-on-Sea home and business owners will be able to utilise these and various other similar services.

Pension Planning

To ensure a secure retirement, pension planning becomes essential. The process can be dramatically enhanced through the involvement of a financial advisor's services. A competent advisor, understanding your retirement goals, will assess your current financial situation and design a customised pension plan. Navigated by them are the complexities of the UK's pension choices, which encompass the state pension, workplace pensions, and self-invested personal pensions (SIPPs). Making informed decisions about tax implications, contributions and investment choices can be achieved by taking advantage of their expertise. Ensuring that you create a robust pension plan, providing peace of mind and financial stability for your future, is achieved by working with a financial advisor in Burnham-on-Sea.

At the centre of UK pension planning is the State Pension, a government-backed scheme that provides a basic level of retirement income. An individual's National Insurance contributions over their working life generally determines their eligibility for the State Pension. Understanding the intricacies of the State Pension scheme is more important than ever before, because of changes to the number of qualifying years and the State Pension age. (42316)

Skills and Knowledge Required by Financial Advisors

  • A thorough knowledge and understanding of economics and accounting relating to financial markets and products.
  • To be able to network and establish relationships with customers.
  • The ability to sell services and products.
  • Outstanding verbal communication skills.
  • To have good IT skills.
  • Excellent business management skills for the negotiation of product rates.
  • To be target driven.
  • To have active listening and interpersonal skills.
  • A good level of math knowledge for creating financial plans.
  • To be thorough and pay attention to detail.
  • Effective customer service skills for establishing client requirements.

Burnham-on-Sea Financial Advice Services

Financial Advice Tasks Burnham-on-Sea

There are a number of different services that can be provided by your local Burnham-on-Sea financial advisor including business protection in Burnham-on-Sea, saving for children, annuities in Burnham-on-Sea, pension transfers, general financial planning Burnham-on-Sea, money planning, trusts Burnham-on-Sea, investment consolidation in Burnham-on-Sea, mutual funds, stakeholder pension advice, trustee investment services, annuity purchases, bridging finance, income protection in Burnham-on-Sea, cashflow planning, savings advice, tax advice Burnham-on-Sea, independent financial advice, investment plans, ethical investment advice Burnham-on-Sea, retirement plans Burnham-on-Sea, business planning, corporate bonds, unit trusts in Burnham-on-Sea, familt controlled trusts in Burnham-on-Sea, mortgage financial planning Burnham-on-Sea, inheritance tax planning, bereavement benefits Burnham-on-Sea, cheap financial advice, pension drawdowns in Burnham-on-Sea, and more. Listed are just some of the duties that can be undertaken by a financial advisor. Burnham-on-Sea professionals will tell you about their whole range of financial services.


Financial Advisors Near Burnham-on-Sea

Also find: Alstone financial advisors, Huntspill financial advisors, Edithmead financial advisors, East Brent financial advisors, Brent Knoll financial advisors, Lympsham financial advisors, Mark financial advisors, Walrow financial advisors, Berrow financial advisors, Wedmore financial advisors, East Huntspill financial advisors, Bason Bridge financial advisors, Watchfield financial advisors and more. Financial advisors are available for discussions in all of these areas. Property owners in these places can make enquiries about financial advice by going here.

Burnham-on-Sea Financial Advice Services

Find a Financial Advisor in Burnham-on-Sea Here
Financial Advice Enquiries in Burnham-on-Sea Somerset (01278)
  • Burnham-on-Sea Cheap Financial Advice
  • Burnham-on-Sea Corporate Financial Planning
  • Burnham-on-Sea Wealth Management
  • Burnham-on-Sea Tax Advice
  • Burnham-on-Sea Financial Services
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  • Burnham-on-Sea Financial Advice Quotes
  • Burnham-on-Sea Cashflow Analysis
  • Burnham-on-Sea Independent Financial Advice
  • Burnham-on-Sea Inheritance Advice
  • Burnham-on-Sea Retirement Planning
  • Burnham-on-Sea Investment Advice
  • Burnham-on-Sea Estate Planning
  • Burnham-on-Sea Pension Advice

To get local Burnham-on-Sea info click here

Independent financial advisor in TA8 area, phone code 01278.

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(This financial advisor Burnham-on-Sea article was updated on 20-02-2024)