Financial Advisor Bury

Bury Independent Financial Advice & Investment

Financial Advisor Bury Greater Manchester (BL9): If you are seeking financial advice for the very first time, trying to locate a reliable independent financial advisor in the Bury area can be a challenging experience. Whether you're searching for mortgage, pension, investment or even insurance advice, all financial advisors are bound by one simple rule; they must all follow the regulations laid down by the FCA (Financial Conduct Authority). This comes with various guarantees, so after taking advice from a FCA certified financial advisor in Bury, you can seek recompense from the Financial Services Compensation Scheme or the Financial Ombudsman Scheme, if if things go awry.

Free Bury Financial Advisor Quotes

A good starting point when choosing a financial advisor in Bury can be friends and neighbours, but keep in mind that the sort of advice you're looking for could be somewhat different to theirs. Every financial advisor is not suitable for everybody, and their advice needs to be adapted to your particular situation. It is wise to chat to at least three different companies when you're selecting a financial advisor, because this is an important decision, and you'll be looking to find one that you can trust and feel comfortable with, and investigate the options they can provide.

Financial Advisor Bury Greater Manchester (BL9)

When you're looking to pick a financial advisor in Bury, there are basically 2 main types; independent financial advisors (IFA) and restricted advisors. Offering a more extensive range of options, an independent financial advisor won't be limited to the services or products of just one company. Independent financial advice must be offered in an honest and impartial way and should cover the full spectrum of financial companies and products. This will enable you to pick from the broadest range of services to suit your needs. A restricted advisor might be focused on a single product, such as a mortgage advisor, or be restricted to products and services from a specific company.

Before accepting you as a client, any Bury financial advisor must fully discuss their charges with you, as demanded by the FCA. Although it varies in accordance with the kind of service or product you are interested in, there could be a set fee, an hourly rate, or you may even be charged a proportion of what you're investing. A free preliminary consultation might be offered, so that you can discuss your goals and circumstances to find out if the advisor is the right fit. Your account might be managed by a team rather than a single advisor, if you opt to go with one of the bigger Bury companies.

Financial Advisors Bury UK (0161)

To describe your financial situation and ambitions to the advising firm, you'll need to fill in a "Fact Find" form, which is a confidential disclosure document. You will also be handed an Initial Disclosure Document, or Key Facts Document, which gives you information on the financial advisor, their situation for offering restricted or independent advice and the scope of their permissions in the financial market. This document should also lay down your own legal rights and your options if you are not satisfied with the service, and wish to complain. It should describe precisely what you are committing yourself to, and any potential benefits and risks that exist if you opt to take the advice offered, and it should be set down in clear language. The Key Facts Document must also tell you about the level of cooling-off period. This makes it possible for you to have a change of heart within a certain period of time, and cancel your contract with the financial advisor.

The very first time you are chatting with your financial advisor make sure you check what experience and qualifications they've got. After all you're on the verge of entrusting your financial future to their expertise, so you should never be self-conscious about asking such questions. Every financial advisor in Bury must be in a position to present an annual Statement of Professional Standing, and must at least hold a Level 4 qualification. When checking the Financial Services Register, you shouldn't freak out if your specific advisor's name does not appear on there; you should be able to find the company name, and that means the regulations covers all of their personnel. If these cannot be provided the individual may still offer financial guidance instead of advice. In terms of finance guidance is different to advice and isn't regulated in the same way. Therefore there is no recourse for the client if financial blunders occur.

Financial Advisor Quotes in Bury Greater Manchester

You'll be asked about the amount of risk you're ready to take on, if you are seeking advice on investing money. Many investments carry some element of risk, but high risk investments may offer better rewards, and also more likelihood of losing some or all of your funds. Your savings goals must be carefully considered if the best investment advice is to be given, i.e. how quickly you need access to your funds, how much money you want to invest and short or long term investments. The one question that you should ask yourself, which is normally overlooked, is how much money you can afford to lose. This may well affect the services and products that you're offered, and is generally known as your 'capacity for loss'.

Financial Advice Near Bury Greater Manchester

From the outset, it's imperative that you tell your financial advisor about any mortgage loans, regular outgoing payments, investments or savings that you currently have. They'll need this information, so they can get a clear picture of your financial situation and give the correct advice for your needs. Spreading the risk load across various different products through the diversification of your investments and savings, is something that good financial advice should encompass. An experienced financial advisor in Bury will have the knowledge of the best areas to consider, which reflect your goals and your financial situation.

A financial advisor will unmask the complex world of finance, and try to speak in as plain a speech as possible. This will enable you to compare products and services which match your needs, and come to an informed decision. If environmental issues are at the forefront of your mind, you could perhaps ask that ethical investments and savings take top priority. This not only provides you with investment possibilities, but also allows you to lend your support to zero carbon or green energy projects, and stay clear of companies and businesses that do not share the same values.

Working alongside a financial advisor in Bury can be tricky to fit in around your work life and other obligations. Face-to-face meetings can be supplemented with telephone calls and video conferencing to enable you to get advice at a time to suit you. An experienced financial advice company in Bury will have stringent measures in place to ensure your details are kept secure and confidential, even if you never have a one-to-one 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 need to bear in mind. If your investment isn't making as much money as you were hoping for, it can be very worrying and frustrating. A downward spiraling of your investment is not a recognised grounds for complaint, unless your financial advisor has given you misleading or incorrect information.

Independent Financial Advisor Near Bury (BL9)

The company's official complaints procedure should be the starting point for any disputes, and the Key Facts Document should explain this. If the advisor is a member of the Financial Conduct Authority, you can let the Financial Ombudsman know about the issue if it is unresolved within the time-frame set out by the regulating body.

After looking into the cause of the complaint, the Financial Ombudsman will make a ruling on the issue. If it's found that the complaint is justified, a decision is made on how the client can be compensated or the situation rectified. This becomes legally binding as soon as it has been agreed on by the client, and the financial advisor and their company must abide by the decision. Any distress, trouble, inconvenience and annoyance caused to the client during the situation, will be taken into account when the Ombudsman establishes the level of compensation.

Book a Financial Advisor in Bury UK

Financial advice can be provided in Bury and also nearby in: Pimhole, Whitefield, Heap Bridge, Unsworth, Ramsbottom, Toppings, Fernhill, Fishpool, Prestwich, Limefield, Heywood, Free Town, Tottington, Elton, Walshaw, Little Lever, Gigg, Chesham, as well as in these postcodes BL8 1HT, BL8 1ND, BL8 1JN, BL8 1EQ, BL8 1JJ, BL8 1HU, BL8 1JF, BL8 1AZ, BL8 1QJ, BL8 1AP. Locally based Bury financial advisers will probably have the postcode BL9 and the telephone dialling code 0161. Checking this out should make certain that you're accessing locally based financial advisers. Bury householders are able to benefit from these and lots of other finance related services.

Pension Planning

Crucial for a secure retirement is pension planning. 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 circumstances and design a customised pension strategy. The intricacies of the UK's pension alternatives, including workplace pensions, the state pension, and SIPPs (self-invested personal pensions), are navigated by them. Informed decisions about contributions, investment choices and tax implications can be accomplished through leveraging their expertise. Working with a financial advisor in Bury leads to the creation of a robust pension plan, providing financial stability and peace of mind for your future.

The State Pension, a government-backed scheme that provides a standard level of retirement income, is at the centre of UK pension planning. Eligibility for the State Pension is generally based on a person's National Insurance record, which is built up over their working life. However, changes to the number of qualifying years and the State Pension age have made understanding the complexities of this scheme more important than ever before. (42316)

Required Skills for a Financial Advisor

  • To have a target driven mindset.
  • A good level of mathematical knowledge for building financial packages.
  • To have the ability to network and build relationships with customers.
  • An outstanding understanding of accounting and economics with regard to financial markets and products.
  • Excellent verbal communication skills.
  • To pay attention to detail and be thorough.
  • Effective business management skills for negotiating product rates.
  • The ability to sell financial products and services.
  • Excellent customer service skills for determining client needs.
  • Active listening and interpersonal skills.
  • To have excellent IT skills.

Bury Financial Advice Services

Financial Advice Tasks Bury

There is a variety of services which can be provided by your local Bury financial advisor including investment consolidation Bury, offshore investment advice, unit trusts, cashflow planning, long term care fee planning, annuity purchase, corporate financial planning in Bury, critical illness cover in Bury, investment bonds in Bury, personal protection, financial planning, life insurance advice, familt controlled trusts, ISA's, personal financial planning in Bury, family income benefit, investing an inheritance, pension reviews in Bury, portfolio management in Bury, income protection Bury, inheritance tax planning, corporate bonds, trustee investment services, saving for children, trusts in Bury, stakeholder pensions, retirement plans, pension consolidation advice, cash flow modelling Bury, independent financial advice, and lots more. These are just a few of the duties that can be conducted by a financial advisor. Bury professionals will tell you about their entire range of financial services.


Financial Advisors Near Bury

Also find: Unsworth financial advisors, Free Town financial advisors, Pimhole financial advisors, Gigg financial advisors, Fishpool financial advisors, Limefield financial advisors, Toppings financial advisors, Walshaw financial advisors, Heap Bridge financial advisors, Prestwich financial advisors, Fernhill financial advisors and more. Financial advisers are available for discussions in all of these towns and villages. Property owners in these places can make enquiries about financial advice by going here.

Bury Financial Advice Services

Find a Financial Advisor in Bury Here
Financial Advice Enquiries in Bury Greater Manchester (0161)
  • Bury Cashflow Analysis
  • Bury Retirement Advice
  • Bury Mortgage Advice
  • Bury Pension Advice
  • Bury Estate Planning
  • Bury Financial Advice Quotes
  • Bury Independent Financial Advice
  • Bury Inheritance Advice
  • Bury Cheap Financial Advice
  • Bury Investment Advice
  • Bury Financial Services
  • Bury Corporate Financial Advice
  • Bury Trustee Investments
  • Bury Life Insurance Advice

To obtain local information regarding Bury, Greater Manchester take a look here

Independent financial advisor in BL9 area, (dialling code 0161).

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(This financial advisor Bury information was revised and updated on 20-02-2024)