Financial Advisor Crediton

Crediton Independent Financial Advice & Investment

Financial Advisor Crediton Devon (EX17): If you are in search of financial advice for the very first time, trying to locate a decent independent financial advisor in Crediton can be a quite daunting experience. Whether it is investments, mortgage, pensions or even insurance guidance that you are after, there is one common rule for all professional financial advisors; they must all follow Financial Conduct Authority (FCA) regulations. This comes with certain guarantees, therefore after getting advice from a FCA registered financial advisor in Crediton, you can seek reparation from the Financial Ombudsman Scheme or the Financial Services Compensation Scheme, if something should go wrong.

Free Crediton Financial Advisor Quotes

Recommendations from relatives and friends can be a decent starting point in picking a financial advisor in Crediton, but keep in mind that their situation may be different to the kind of advice you are looking for. Their advice needs to be tailored to your particular situation, and not every financial advisor is suitable for everybody. It is wise to talk with at least 3 different firms when you're selecting a financial advisor, as this is an important decision, and you need to find one that you can trust and feel comfortable with, and also investigate the various options they offer.

Financial Advisor Crediton Devon (EX17)

Restricted advisors and independent financial advisors, are the two principal kinds of financial advisor in Crediton. Offering a broader range of options, an IFA won't be limited to a single company's services and products. Encompassing the full spectrum of financial companies and products, independent financial advice must be offered in an honest and unbiased way to clients. Consulting an independent financial advisor should allow you to choose from the broadest possible array of products. A restricted advisor could be involved with an individual product, such as a mortgage advisor, or be limited to services and products from a single provider.

Before any financial advisor in Crediton accepts you as a client, they're required by the FCA to be fully transparent with you about their charges. Although it can vary determined by the type of service or product you're looking for, there may be a set fee, an hourly rate, or you could even be charged a percentage of the money you are investing. To discuss your aims and determine whether the advisor is a right fit for you and your situation, a free initial consultation might be offered. Your account might be managed by a team rather than one individual advisor, if you decide to go with one of the larger firms in Crediton.

Financial Advisors Crediton UK (01363)

To summarise your financial situation and aims to the advising firm, you will need to fill out a "Fact Find" form, which is a confidential disclosure document. You will also be given a Key Facts or Initial Disclosure Document, which provides you with information regarding the financial advisor, their status to offer independent or restricted advice and the scope of their permissions in the financial arena. This document will also lay out your own legal rights and the possible options you can take if you're not satisfied with the service provided, and wish to make a complaint. It must be written in plain English and outline what you're committing yourself to, and any possible risks and benefits that exist should you decide to accept the advice offered. This document should also inform you of the cooling-off period. This permits you to change your mind within a certain period of time, and cancel your contract with the financial advisor.

Ensure that you check what experience and qualifications the financial advisor has the first time you talk to them. After all you are on the verge of entrusting your financial future to their expertise, so you should not be self-conscious about asking these questions. Every financial advisor in Crediton must present an annual Statement of Professional Standing, and must hold at least a Level 4 qualification. When checking the Financial Services Register, you don't need to stress if your particular advisor's name doesn't show up on there; you should be able to find the company name, and this means that the regulations covers all of their employees. If these can't be provided the individual can still offer financial guidance as opposed to advice. In terms of finance guidance is somewhat different to advice and isn't regulated. Therefore there is no recourse for either party if financial errors arise.

Financial Advisor Quotes in Crediton Devon

You will be asked about the level of risk you are ready and able to take, if you are seeking advice on investing money. Many investments carry some degree of risk, but higher risk investments may offer higher rewards, but also more chance of losing some or all of your capital. Your savings goals must be considered if the best investment and financial advice is to be given, i.e. short or long term investments, how much you have to invest and how rapidly you need access to your money. You must invariably ask yourself the one crucial question, how much money can you really afford to lose. This is referred to as your 'capacity for loss' and may well influence the products and services that could be offered for your consideration.

Financial Advice Near Crediton Devon

You'll want to tell your financial advisor about any current savings, regular payments, investments or mortgages. They will need this information, so they can get a clear picture of your finances and give the best advice for your needs. Reliable financial advice should include diversifying your investments and savings by spreading the risk across a number of different products. With an understanding of the best areas to consider, a professional financial advisor will favour products that most closely fit in with your financial circumstances and goals.

A financial advisor will reveal the complex world of finance, and try to speak in as much plain speech as possible. After comparing the various services and products that match your needs, you should be able to make an informed and calculated decision. You can perhaps ask your advisor only to specify ethical investment and savings schemes. This allows you to support businesses and firms that address your concerns, e.g. zero carbon or renewable energy, or perhaps steering clear of businesses that don't meet your requirements.

It isn't that easy to work closely with a financial advisor in Crediton without this impacting on work and other obligations. Face-to-face appointments can be backed up with video conferencing and telephone to enable you to get advice at times that suit you. Even if you never have a one-to-one meeting with your personal advisor, an established financial advice provider in Crediton will have stringent measures in place to keep your details confidential and secure, because remote and home working is now a large part of our society.


Investments can just as easily go down as well as up, as the financial sector can be unpredictable. It can be very worrying and demoralising if your investment isn't making the amount of money you were hoping for. However, unless it is down to incorrect or misleading information from your financial advisor, a downward trend in your investment isn't a recognised basis for complaint.

Independent Financial Advisor Near Crediton (EX17)

As detailed in the Key Facts Document, any disputes should start out with the firm's official complaints procedure. You can tell the Financial Ombudsman about the issue if it remains unresolved within the time stipulated by the regulating body, and your financial advisor is a member of the FCA.

The Financial Ombudsman will make a ruling after reviewing the cause of the complaint independently. If the complaint is justified, a decision is made on how to rectify the situation or financially compensate the customer. The advisor and their firm must abide by any decision that is made, which becomes a legally binding decision as soon as the client has agreed to it. The Ombudsman will also take into account any inconvenience, upset, hassle and distress caused to the customer during the process, and set the level of compensation accordingly.

Book a Financial Advisor in Crediton UK

Financial advice can be provided in Crediton and also in nearby places like: Poughill, Downes Mill, Creedy Bridge, Tedburn St Mary, Whitestone, Gunstone, Stoke Canon, Newton St Cyres, Copplestone, Sandford, Yeoford, Thorveton, Shobrooke, Morchard Bishop, and in these postcodes EX17 3AP, EX17 3BY, EX17 3AL, EX17 1EW, EX17 2FB, EX17 3DJ, EX17 3AX, EX17 2EH, EX17 3DL, EX17 3DE. Locally based Crediton financial advisors will likely have the postcode EX17 and the telephone dialling code 01363. Checking this should confirm that you are accessing locally based financial advisers. Crediton home and business owners will be able to utilise these and various other similar services.

Pension Planning

Secure retirement hinges on the crucial aspect of pension planning. This process can be significantly improved by enlisting the services of a financial advisor. Your current financial circumstances will be assessed by a qualified advisor, understanding your retirement goals and designing a personalised pension plan. Navigating the intricacies of the UK's pension options, they deal with the state pension, workplace pensions, and SIPPs. To make informed decisions about contributions, tax implications and investment choices, you can leverage their expertise. Working with a financial advisor in Crediton guarantees the creation of a robust pension plan, providing financial stability and peace of mind for your future.

UK pension planning is heavily reliant on the State Pension, since it is the only guaranteed source of retirement income for most individuals. The number of National Insurance contributions you make over your working life will usually determine how much State Pension you will receive. It is now more essential than ever to understand the complexities of the State Pension scheme, due to changes to the State Pension age and the number of qualifying years. (42316)

Crediton Financial Advice Services

Financial Advice Tasks Crediton

There is a wide range of services which are provided by your local Crediton financial advisor including unit trusts, savings advice, mortgage financial planning, money planning, life assurance Crediton, annuity purchases Crediton, financial analyst services Crediton, portfolio management, familt controlled trusts in Crediton, investment plans, financial services Crediton, personal financial planning, long term care fee advice, investment consolidation, saving for children, annuities, divorce financial planning, multi-asset portfolios Crediton, equity release, will writing services, death benefit advice in Crediton, personal pensions, pension advice, general financial planning, corporate financial planning, corporate bonds, business protection, tax financial planning Crediton, investment bonds, pensions in divorce in Crediton, and more. These are just a small portion of the tasks that can be handled by a financial advisor. Crediton professionals will be happy to tell you about their full range of financial services.

The Skills and Knowledge Needed to be Financial Advisors

  • An outstanding knowledge of economics and accounting with regard to financial products and markets.
  • To have excellent time management skills.
  • A competent level of maths knowledge for building financial strategies.
  • Active interpersonal and listening skills.
  • Excellent skills in verbal communication.
  • To be thorough and pay attention to detail.
  • The ability to promote financial products and services.
  • To have the ability to use a computer and the primary software.
  • Good skills in customer service for identifying customer requirements and needs.
  • To be able to network and establish solid relationships with customers.
  • Effective management skills for negotiating product fees.

A Financial Advisor's Regular Duties

  • Financial advisors talk to clients about their finances and plans.
  • Financial advisors produce detailed financial reports.
  • Financial advisors work in conjuction with their peers to gather statistics, trends and market information.
  • Financial advisors collaborate with providers of financial products.
  • Financial advisors keep a record of customers and transactions.
  • Financial advisors meet targets for performance and sales.
  • Financial advisors provide education, consultation and counselling regarding finances and investments.
  • Financial advisors keep fully abreast of new financial products and law changes.
  • Financial advisors recommend the financial products that are best-suited to their customers.
  • Financial advisors regularly update customers concerning their investments.

Financial Advisors Near Crediton

Also find: Copplestone financial advisors, Creedy Bridge financial advisors, Yeoford financial advisors, Shobrooke financial advisors, Sandford financial advisors, Whitestone financial advisors, Stoke Canon financial advisors, Poughill financial advisors, Morchard Bishop financial advisors, Newton St Cyres financial advisors, Gunstone financial advisors, Tedburn St Mary financial advisors, Thorveton financial advisors, Downes Mill financial advisors and more. Financial advisors are available for consultation services in just about all of these locations. Home and property owners in these places can make enquiries about financial advice by clicking here.

Crediton Financial Advice Services

Find a Financial Advisor in Crediton Here
Financial Advice Enquiries in Crediton Devon (01363)
  • Crediton Retirement Advice
  • Crediton Tax Advice
  • Crediton Financial Services
  • Crediton Independent Financial Advice
  • Crediton Trustee Investments
  • Crediton Wealth Management
  • Crediton Estate Planning
  • Crediton Corporate Financial Advice
  • Crediton Pension Advice
  • Crediton Life Insurance Advice
  • Crediton Cheap Financial Advice
  • Crediton Cashflow Analysis
  • Crediton Mortgage Advice
  • Crediton Financial Advice Quotes

Crediton Financial Advisor Jobs: Browse financial advisor jobs in Crediton by clicking here: Financial Advisor Jobs Crediton

For the latest local info regarding Crediton, Devon go here

Independent financial advisor in EX17 area, (dialling code 01363).

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(This financial advisor Crediton article was successfully updated on 20-02-2024)