Financial Advisor Dundee

Dundee Independent Financial Advice & Investment

Financial Advisor Dundee Scotland (DD1): It can be a daunting experience trying to find a good independent financial advisor in Dundee, especially if it is the first time that you're in search of financial advice. Whether you are searching for investments, mortgage, pension or even insurance guidance, all financial advisors are bound by one common rule; they must all stick to the regulations of the Financial Conduct Authority. Any advice given from a FCA authorised financial advisor in Dundee comes with the guarantee that should things go wrong, you can get in touch with the Financial Services Compensation Scheme or the Financial Ombudsman Scheme.

Free Dundee Financial Advisor Quotes

Recommendations from family and friends can be a good starting point in picking a financial advisor in Dundee, but bear in mind that their situation might be different to what you are looking for. Their advice needs to be adapted to your particular situation, and not every financial advisor is suitable for everyone. Choosing a financial advisor is a major decision and it pays to chat to at least three different companies so as to check out the various options they provide, and to find one that you feel comfortable with and can trust.

Financial Advisor Dundee Scotland (DD1)

There are two principal types of financial advisor in Dundee; independent financial advisors (IFA) and restricted advisors. The benefit of using an independent financial advisor is that they will not be restricted to a single company's products and services, and can offer a wide range of options. Covering the entire gamut of financial companies and products, independent financial advice must be given in an honest and unbiased way to customers. This will permit you to pick from the widest range of products to suit your needs. A restricted advisor could be involved with a single product, as with a mortgage advisor, or be restricted to products and services from one particular firm.

The Financial Conduct Authority requires that any financial advisor in Dundee must be transparent about their charges, before taking you on as a client. Although it varies dependant upon the kind of product or service you are looking for, there could be a set fee, an hourly rate, or you may even be charged a specific percentage of the money you are investing. To allow you to discuss your goals and determine whether the advisor is the correct fit for you and your circumstances, a free preliminary consultation could be offered. If you use one of the bigger Dundee firms, your account could be looked after by a team of advisors rather than just one person.

Financial Advisors Dundee UK (01382)

To summarise your financial situation and goals to the advising firm, you will be asked to complete a "Fact Find" document, which is a confidential disclosure form. To provide information regarding the financial advisor, their situation for offering restricted or independent advice and the extent of their permissions in the financial sector, you'll also be handed an Initial Disclosure, or Key Facts Document. This document should also make clear your own legal rights and your options if you're not satisfied with the service provided, and want to make a complaint. It should describe exactly what you're committing yourself to, and any possible risks and benefits that exist should you elect to accept the offered advice, and it must be set down in plain English. The cooling-off period should also be explained in this document. Within a specific number of days, this makes it possible for you to cancel your agreement.

Make sure you check what qualifications and experience the financial advisor has when you first speak with them. Asking such questions should not be a cause for embarrassment, because you're about to entrust them with your financial future. Every financial advisor in Dundee must present an annual Statement of Professional Standing, and must at least hold a Level 4 qualification. If your advisor's name doesn't show up on the Financial Services Register, you should not panic, the firm the advisor works for should be found on the register and their personnel are all covered by the regulations. If they are unable to present this proof, the individual cannot offer advice but only financial guidance. In terms of finance guidance is somewhat different to advice and is not regulated in the same way. Therefore there's no recourse for either party if mistakes are made.

Financial Advisor Quotes in Dundee Scotland

If it's investing money that you're interested in, the advisor will question you about the level of risk you might be prepared to accept with your hard-earned cash. Better rewards might be possible with high risk investments, however you could also lose some or all of your money. Good quality financial and investment advice will take into account your savings aims, i.e. how much you wish to invest, how quickly you need to access your funds and short or long term investments. You must invariably ask yourself the one crucial question, how much money can you truly afford to lose. This may affect the services and products that could be offered for your consideration, and is commonly called your 'capacity for loss'.

Financial Advice Near Dundee Scotland

You must tell your financial advisor about your existing investments, mortgage loans, personal savings or regular outgoings. This gives a clear and full picture of your current financial situation, and without this the advice given might not be the most appropriate for you. Good quality financial advice should include diversifying your savings and investments by spreading the risk across different products. With an understanding of the best areas to consider, a seasoned financial advisor will favour products that most closely match your goals and financial circumstances.

Communicating in the plainest speech possible, your financial advisor will lay bare the complex world of finance and investment. This will allow you to compare products and services that meet your needs, and come to an informed decision. You could perhaps ask your advisor only to include ethical investments and savings. This will allow you to support companies and organisations which address your concerns, i.e. zero carbon or green energy, or perhaps staying away from firms that do not meet your requirements.

It's not always easy to have a close working relationship with a financial advisor in Dundee without this impacting your work day and other commitments. Face-to-face appointments can be complemented with video conferencing and telephone to enable you to seek advice at times that suit you. A competent financial advice company in Dundee will have stringent measures in force to ensure your details are kept secure and confidential, even if you never have a one-to-one meeting with your personal advisor, because remote and home working is no longer unusual.


The value of your investments can go down as well as up, and this is a factor that you must always bear in mind. If it just so happens that your investment fails to make the amount of money you hoped for, it can be a frustrating and worrying time. Unfortunately, a downward spiral in your investment is not seen as a grounds for complaint, unless it's down to misleading or incorrect information from your advisor.

Independent Financial Advisor Near Dundee (DD1)

As indicated in the Key Facts Document, any grievances should begin with the firm's complaints procedure. If your advisor is a member of the FCA, you can tell the Financial Ombudsman about the problem if it remains unresolved within the timeframe laid down by the regulating body.

The Financial Ombudsman will independently review the cause for complaint and come to a decision. If it is established that the complaint is justified, a decision is made on how the client can be compensated. Once agreed on by the customer, the ruling will become a legally binding one, and the financial advisor and their company must abide by it. The Financial Ombudsman will also account for any inconvenience, hassle, distress and annoyance caused to the customer during the dispute, and set the level of compensation proportionately.

Book a Financial Advisor in Dundee UK

Financial advice can be provided in Dundee and also in: Baldovan, Bridgefoot, Baldovie, Downfield, Birkhill, Trottick, Monifieth, Longforgan, Kingoodie, Marketgait, Craigie, West Ferry, Broughty Ferry, Ballumbie, Barnhill, Invergowrie, together with these postcodes DD1 2HS, DD1 1AA, DD1 1SA, DD1 1XA, DD1 2AJ, DD1 2EA, DD1 1WB, DD1 1NE, DD1 1NA, DD1 1RH. Locally based Dundee financial advisors will likely have the postcode DD1 and the dialling code 01382. Verifying this should ensure that you access locally based financial advisers. Dundee householders will be able to utilise these and lots of other similar services.

Dundee Financial Advice Services

Financial Advice Tasks Dundee

There is a variety of services that are provided by your local Dundee financial advisor including life insurance advice, cheap financial advice, cashflow analysis, pension planning, income protection advice, retirement plans Dundee, savings advice, portfolio management Dundee, life assurance advice in Dundee, equity release advice in Dundee, family income benefit, general financial planning, business financial planning, bridging finance, multi-asset portfolios, will writing services in Dundee, annuities, personal protection Dundee, investment bonds, pension reviews, tax advice, personal pensions, familt controlled trusts, annuity purchase, pensions in divorce, money planning, trusts in Dundee, business protection, mortgage financial planning, pension consolidation advice, and more. Listed are just a few of the tasks that can be conducted by a financial advisor. Dundee professionals will inform you of their whole range of services.


Financial Advisors Near Dundee

Also find: West Ferry financial advisors, Trottick financial advisors, Birkhill financial advisors, Monifieth financial advisors, Invergowrie financial advisors, Longforgan financial advisors, Kingoodie financial advisors, Baldovie financial advisors, Bridgefoot financial advisors, Marketgait financial advisors, Downfield financial advisors, Barnhill financial advisors, Baldovan financial advisors, Craigie financial advisors, Broughty Ferry financial advisors, Ballumbie financial advisors and more. Financial advisers are available for consultation services in all of these areas. Householders in these areas can make enquiries about financial advice by going here.

Dundee Financial Advice Services

Find a Financial Advisor in Dundee Here
Financial Advice Enquiries in Dundee Scotland (01382)
  • Dundee Financial Advice Quotes
  • Dundee Cashflow Analysis
  • Dundee Retirement Advice
  • Dundee Tax Advice
  • Dundee Inheritance Advice
  • Dundee Independent Financial Advice
  • Dundee Cheap Financial Advice
  • Dundee Corporate Financial Planning
  • Dundee Financial Services
  • Dundee Life Insurance Advice
  • Dundee Investment Advice
  • Dundee Wealth Management
  • Dundee Pension Advice
  • Dundee Trustee Investments

More Dundee Services: Naturally, whenever you happen to be looking at your finances in Dundee, Scotland, you are likely to be in need of all types of different services and along with a financial advisor in Dundee, Scotland, you could additionally need tax preparation in Dundee, will writing in Dundee, bookkeeping in Dundee, business consulting in Dundee, mortgage brokers in Dundee, contracts lawyers in Dundee, solicitors in Dundee, investment advisors in Dundee, mortgage advice in Dundee, family lawyers in Dundee, payroll services in Dundee, accounting in Dundee, property law & conveyancing in Dundee, banruptcy lawyers in Dundee, business financial planning in Dundee, estate planning in Dundee, debt recovery & collection in Dundee, and other different Dundee experts.

To find out local information about Dundee, Scotland take a look here

Independent financial advisor in DD1 area, (dialling code 01382).

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(This financial advisor Dundee page was edited and updated on 20-02-2024)