Financial Advisor Colwyn Bay

Colwyn Bay Independent Financial Advice & Investment

Financial Advisor Colwyn Bay Wales (LL29): If you are in search of financial advice for the very first time, trying to find a reliable independent financial advisor in Colwyn Bay can be an intimidating experience. Whether you're searching for mortgage, investments, pensions or even insurance guidance, all financial advisors are bound by one simple rule; they all have to follow the regulations set by the Financial Conduct Authority (FCA). Any advice given by a FCA certified financial advisor in Colwyn Bay comes with guarantees that if things go wrong, you have access to the Financial Ombudsman or the Financial Services Compensation Scheme.

Free Colwyn Bay Financial Advisor Quotes

Friends and relatives recommendations can be a decent starting place in choosing a financial advisor in Colwyn Bay, but keep in mind that their needs may be different to what you're looking for. Not every financial advisor is suitable for everybody, and their advice needs to be personalised to your particular circumstances. Picking a financial advisor is a big decision and it is a good idea to talk with at least three different companies so as to investigate the options they can offer, and to find one you can trust and feel comfortable with.

Financial Advisor Colwyn Bay Wales (LL29)

When it comes to picking a financial advisor in Colwyn Bay, there are two principal types; restricted advisors and independent financial advisors (IFA). The good thing about using an IFA is that they should not be restricted to the services or products of just one company, and can offer a broader range of options. Independent financial advice must be given in an impartial and unbiased way and should cover the full gamut of financial products and companies. This enables you to select from the broadest range of products to suit your needs. A restricted financial advisor could be involved with an individual product, such as a mortgage advisor, or be limited to services and products from a specific provider.

The Financial Conduct Authority demands that any financial advisor must fully discuss their charges with you, before taking you on as a client. You might be charged by the hour, a set fee or possibly even a specific percentage of your investment, based upon type of service you require. To enable you to discuss your objectives and see if the advisor is the correct fit for you and your situation, a free initial consultation might be offered. In some of the larger Colwyn Bay companies, you may find that your account is managed by a team as opposed to an individual.

Financial Advisors Colwyn Bay UK (01492)

To describe your financial situation and aims to the advising company, you'll be asked to fill out a "Fact Find" document, which is a confidential disclosure form. A Key Facts Document, or Initial Disclosure Document will also be handed to you, providing details about the financial advisors themselves, explaining the extent of their permissions in the financial sector and their status to offer independent or restricted advice. This document should also lay out your rights and your options if you're not satisfied with the service provided, and want to make a complaint. It should outline what you're committing yourself to, and any potential benefits and risks that exist should you elect to accept the offered advice, and it has to be laid out in plain English. You'll find the level of cooling-off period in this document. This makes it possible for you to change your mind within a certain time frame, and cancel your contract with the financial advisor.

When chatting with the financial advisor initially you need to check their qualifications and experience. You shouldn't be self-conscious about asking such questions, after all you're about to entrust your financial wellbeing to their skill. A Level 4 qualification in financial advice is the minimum qualification for any Colwyn Bay financial advisor, and they must also be able to show an annual Statement of Professional Standing. You shouldn't freak out if your advisor's name doesn't show up on the Financial Services Register, providing the company is listed on the register, their advisors are covered by the regulations. If these cannot be provided the person can still offer financial guidance instead of financial advice. In terms of finance guidance differs to advice and is not regulated in the same way. Therefore there's no recourse for either party if financial mistakes occur.

Financial Advisor Quotes in Colwyn Bay Wales

You'll be asked the level of risk you're willing and able to accept, if you are seeking advice on investing money. High risk investments may potentially offer better rewards, however some or all of your funds could be lost. Your savings goals will have to be carefully considered if good quality investment and financial advice is to be given, i.e. short or long term investments, how much capital you want to invest and how quickly you need access to your funds. You should invariably ask yourself the one important question, how much money can you actually afford to lose. This might affect the services and products that you are offered, and is generally referred to as your 'capacity for loss'.

Financial Advice Near Colwyn Bay Wales

If you've already got any existing investments, regular outgoings, personal savings or mortgage loans, you should tell your financial advisor about these. This will give a full and clear picture of your financial circumstances, and without this the advice you get will most likely not be the most suitable for you. Good financial advice should allow for diversifying your investments and savings by spreading the risk across a range of different products. A qualified financial advisor in Colwyn Bay will have the knowledge of the best areas to consider, which match your financial situation and your goals.

Your financial advisor will try to communicate in as much plain speech as possible, to throw open the complex world of finance. You should be able to come to an informed and considered decision when you have learned about the various products and services that meet your needs. If the environment is at the forefront of your mind, you could maybe ask that ethical savings and investment schemes take precedence. This will allow you to give your support to firms and organisations that address your concerns, i.e. zero carbon or renewable energy, or perhaps avoiding businesses that don't meet your standards.

Having constant interactions with your financial advisor in Colwyn Bay could cause issues with your work life and other commitments. This can be reduced by augmenting one-on-one appointments with telephone calls and video conferencing, thus allowing you to seek the guidance you need at times that are convenient. An experienced financial advice firm in Colwyn Bay will have stringent measures in place to keep your details confidential and secure, even if you never have a one-on-one meeting with your advisor, because remote and home working is now so common.


Investment values could go down as well as up, and this is a factor that you have to keep in mind. It can be very worrying and demoralising if your investment fails to make the amount of money you hoped for. However, unless it is down to incorrect or misleading information from your financial advisor, a downward spiral in your investment is not seen as a basis for complaint.

Independent Financial Advisor Near Colwyn Bay (LL29)

The company's complaints procedure should be the place to start with any grievances, and the Key Facts Document should discuss this. You can tell the Financial Ombudsman about the issue if it remains unsolved within the time laid down by the regulating body, and the advisor is registered with the Financial Conduct Authority.

After independently reviewing the cause of the complaint, the Financial Ombudsman will come to a decision on the issue. If it is established that the complaint is legitimate, a decision is made on how the customer can be compensated or the situation rectified. Once the ruling has been agreed on by the customer it becomes a legally binding decision which the financial advisor and their firm, must abide by. Any compensation as set out by the Ombudsman will also take into consideration any trouble, distress, upset and inconvenience caused to the client during the dispute.

Book a Financial Advisor in Colwyn Bay UK

Financial advice can be provided in Colwyn Bay and also in: Rhyl, Penmaen-Rhos, Abergele, Penryn Bay, Llandudno, Mochdre, Deganwy, Llandrillo-yn-Rhos, Gyffin, Betws-yn-Rhos, Old Colwyn, Llanddulas, Llysfaen, Conwy, Rhos-on-Sea, St Asaph, Pensarn, together with these postcodes LL29 6AW, LL29 0AS, LL28 4XA, LL29 7HS, LL29 0DT, LL29 7BA, LL28 4BT, LL29 7BH, LL29 7EP, LL29 6DP. Locally based Colwyn Bay financial advisers will likely have the postcode LL29 and the telephone dialling code 01492. Simply click the "enquiry" form or banner to get details about financial advisors in your area.

Skills Required by Financial Advisors

  • Good skills in verbal communication.
  • Effective management skills for negotiating product fees.
  • To pay attention to detail and be thorough.
  • To have the ability to network and establish solid relationships with clients.
  • A solid understanding and knowledge of economics and accounting with regard to financial products and markets.
  • To be good at promoting products and services.
  • To be organised and self-motivated.
  • An excellent level of mathematical knowledge for building financial strategies.
  • Excellent skills in customer service for identifying customer requirements and needs.
  • To have good IT skills.
  • Attentive interpersonal and listening skills.

Wales Financial Advice Enquiries

Financial Advice Enquiries Wales

Recently posted Wales financial advice enquiries: Dixie Snow from Llandysul, Wales recently asked for information on financial planning. Richard Dale from Treherbert recently asked for information on equity release. Esther and Regan Irving from Llangollen, Wales recently enquired about equity release. Mr and Mrs Burr from Glanaman, Wales recently asked for information on mortgages. Lilianna Sinclair and Zane Sinclair from St Clears, Wales recently asked for information on pensions. Yasmin and Ronny Conway from Llanfyllin recently enquired about equity release. Myles and Amanah Mckeown from Penygroes, Wales recently enquired about life assurance. Austen Warwick and Alyssa Warwick from Abercarn recently asked for information on financial planning.

Colwyn Bay Financial Advice Services

Financial Advice Tasks Colwyn Bay

There is a variety of services that can be provided by your local Colwyn Bay financial advisor including pension transfer advice in Colwyn Bay, pension reviews, trustee investment services, stakeholder pensions Colwyn Bay, life insurance, retirement advice, unit trusts, financial planning Colwyn Bay, equity release, will writing services, wealth management & investments, financial analyst services, cheap financial advice Colwyn Bay, annuity purchase, trusts in Colwyn Bay, financial services in Colwyn Bay, tax financial planning Colwyn Bay, offshore investment advice in Colwyn Bay, life assurance in Colwyn Bay, cashflow analysis in Colwyn Bay, pension advice, pension drawdowns Colwyn Bay, personal financial planning, ethical investment advice, long term care fee planning Colwyn Bay, and lots more.


Financial Advisors Near Colwyn Bay

Also find: Llandrillo-yn-Rhos financial advisors, Conwy financial advisors, Llandudno financial advisors, Llysfaen financial advisors, Mochdre financial advisors, Penryn Bay financial advisors, Rhyl financial advisors, Old Colwyn financial advisors, Penmaen-Rhos financial advisors, Rhos-on-Sea financial advisors, Pensarn financial advisors, Abergele financial advisors, Gyffin financial advisors, St Asaph financial advisors, Deganwy financial advisors, Betws-yn-Rhos financial advisors, Llanddulas financial advisors and more.

Colwyn Bay Financial Advice Services

Find a Financial Advisor in Colwyn Bay Here
Financial Advice Enquiries in Colwyn Bay Wales (01492)
  • Colwyn Bay Independent Financial Advice
  • Colwyn Bay Pension Advice
  • Colwyn Bay Inheritance Advice
  • Colwyn Bay Retirement Advice
  • Colwyn Bay Wealth Management
  • Colwyn Bay Cheap Financial Advice
  • Colwyn Bay Life Insurance Advice
  • Colwyn Bay Trustee Investments
  • Colwyn Bay Mortgage Advice
  • Colwyn Bay Investment Advice
  • Colwyn Bay Financial Services
  • Colwyn Bay Financial Advice Quotes
  • Colwyn Bay Tax Advice
  • Colwyn Bay Corporate Financial Advice

More Colwyn Bay Services: Obviously, whenever you happen to be looking at your finances in Colwyn Bay, Wales, you'll likely be in need of all kinds of different services and apart from a financial advisor in Colwyn Bay, Wales, you might additionally need investment advisors in Colwyn Bay, mortgage brokers in Colwyn Bay, mortgage advice in Colwyn Bay, accountants in Colwyn Bay, wills & probate in Colwyn Bay, property law & conveyancing in Colwyn Bay, payroll services in Colwyn Bay, bookkeeping in Colwyn Bay, estate planning in Colwyn Bay, contracts lawyers in Colwyn Bay, business financial planning in Colwyn Bay, family lawyers in Colwyn Bay, debt recovery & collection in Colwyn Bay, banruptcy lawyers in Colwyn Bay, tax preparation in Colwyn Bay, solicitors in Colwyn Bay, business consulting in Colwyn Bay, and other different Colwyn Bay experts.

Financial Advisors Around Colwyn Bay: Some Colwyn Bay areas and streets where financial advice has recently been given - Craig Wen, Avon Terrace, Conway Close, Cader Idris, Cranford Crescent, The Close, Clifton Road, Back Bay View Road, Cynfran Road, Alwen Drive, Dolwen Road, Chapel Street, Seafield Road, Agnes Grove, Ty Du Road, Crossley Road, Bryn Garan, Allanson Road, Ael Y Broch, Dinerth Hall Road, Alltwen, Bryn Y Mor Road, Sunningdale Avenue, Coed Pella Road, David Edwards Close, Canning Road, Dinerth Park, Crafnant Road, Alexandra Road, as well as these Colwyn Bay area postcodes: LL29 6AW, LL29 0AS, LL28 4XA, LL29 7HS, LL29 0DT, LL29 7BA, LL28 4BT, LL29 7BH, LL29 7EP, LL29 6DP.

For local Colwyn Bay information click here

Colwyn Bay Financial Advisor Jobs: Find financial advisor jobs near Colwyn Bay by going here: General Financial Advisor Jobs

Independent financial advisor in LL29 area, telephone code 01492.

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