Financial Advisor Durham

Durham Independent Financial Advice & Investment

Financial Advisor Durham County Durham (DH1): It can be a daunting experience trying to find a first-rate financial advisor advisor in the Durham area, particularly if it is the very first time that you're needing financial advice. Nevertheless, all financial advisors are bound by one common rule; they all have to stick to the regulations laid down by the FCA (Financial Conduct Authority), whether you are looking for mortgage, investments, pension or even insurance advice. Any advice given from a FCA registered financial advisor in Durham comes with guarantees that should anything go awry, you have access to the Financial Ombudsman Scheme or the Financial Services Compensation Scheme.

Free Durham Financial Advisor Quotes

A good starting point when picking a financial advisor in Durham may be friends and relations, but keep in mind that the sort of advice you're looking for may be different to theirs. Every financial advisor isn't suitable for everyone, and their advice should be adapted to your unique situation. It is wise to talk to at least 3 different companies when you're picking a financial advisor, since this is a major decision, and you need to find one that you can trust and feel at ease with, and also investigate the options they offer.

Financial Advisor Durham County Durham (DH1)

When it comes to picking a financial advisor in Durham, there are two principal types; restricted advisors and independent financial advisors. An IFA will not be confined to the products and services of a single provider. Independent financial advice should encompass the full gamut of financial products and companies, and should be offered in an impartial way. Consulting an independent financial advisor should enable you to pick from the broadest possible array of services. A restricted advisor could be limited to services and products from a single firm, or may even concentrate on a particular product, as can happen with a mortgage advisor.

Before any Durham financial advisor takes you on as a client, they are required by the Financial Conduct Authority to be transparent about their charges. Although it varies based on the kind of service you are looking for, there could 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 see if the advisor is the proper choice for your situation, a free initial consultation could be offered. In some bigger Durham companies, you might find that your account is handled by a team as opposed to an individual advisor.

Financial Advisors Durham UK (0191)

You will need to complete a "Fact Find" document, which is a confidential disclosure form relating your goals and financial situation to the advising company. An Initial Disclosure Document, or Key Facts Document will also be given to you, to provide information about the financial advisors themselves, outlining their range of permissions in the financial arena and their status to offer restricted or independent advice. This document will also set down your own legal rights and the options you can take if you're not happy with the service, and need to submit a complaint. It should outline what you are committing yourself to, and any potential benefits and risks if you choose to take the offered advice, and it must be laid out in clear language. You'll find the amount of cooling-off period in this document. This allows you to change your mind within a specific number of days, and cancel your contract with the financial advisor.

When chatting with your financial advisor for the first time make sure you check their qualifications and experience. After all you're on the verge of entrusting your long-term financial wellbeing to their expertise, so you should not be embarrassed about asking such questions. A Level 4 qualification is the minimum required certification for any Durham financial advisor, and they also have to be able to show an annual Statement of Professional Standing. When you check the Financial Services Register, you don't need to stress if your financial advisor's name doesn't appear on there; you ought to be able to locate the firm name, and that means the legislation covers all of their personnel. If these can't be provided the individual can still offer financial guidance instead of financial advice. In financial terms guidance is different to advice and isn't regulated in the same way. Therefore there isn't any recourse for either party if financial blunders are made.

Financial Advisor Quotes in Durham County Durham

If you are seeking advice on investments you'll be asked about the amount of risk you are comfortable with. Better rewards may be possible with higher risk investments, but you could also lose some or all of your cash. In order to get the most beneficial financial and investment advice, your savings objectives must be carefully considered, i.e. how rapidly you need access to your money, how much capital you want to invest and long or short term investments. "How much can you truly afford to lose?" Is the one important question that you should really be asking yourself. Known as your 'capacity for loss', this will most likely influence the services and products that you're offered.

Financial Advice Near Durham County Durham

You will have to let your financial advisor know about any existing mortgages, investments, regular outgoings or savings. They'll need these details, so that they can get a picture of your financial situation and give the appropriate advice for you. Reliable financial advice should allow for diversifying your investments and savings by spreading the risk load across different products. With an understanding of the best areas to consider, a qualified financial advisor will favour products that match your financial circumstances and goals.

A financial advisor will open up the multifaceted world of finance, and communicate in the clearest possible way. After comparing the various services and products that match your needs, you should be in a position to make an informed and calculated decision. You can even ask your financial advisor to only include ethical investments and savings. You can then stay clear of investments that investments meet your standards, and instead lend your support to those companies and businesses that address your concerns, for example renewable energy or zero carbon.

It could prove hard to manage your work life and other commitments around working closely with a financial advisor in Durham. To enable you to seek advice at a time to suit you, one-on-one meetings can be complemented with telephone and video conferencing. Even if you hardly ever have a one-on-one meeting with your advisor, any competent financial advice provider in Durham will have strict measures in place to ensure your details are kept secure and confidential, because home and remote working is now commonplace.


Investment values could fall as well as rise, and this is a factor that you have to remember. It can be very demoralising and worrying if your investment fails to make as much money as you hoped for. A downward spiral in your investment is not seen as a cause for complaint, unless your advisor has given you misleading or incorrect information.

Independent Financial Advisor Near Durham (DH1)

As laid out in the Key Facts Document, any grievances should begin with the company's official complaints procedure. If the matter remains unsolved within the time period set out by the regulating authority, and your advisor is a member of the Financial Conduct Authority, you can inform the Financial Ombudsman.

The Financial Ombudsman will independently review the cause of the complaint and come to a decision. A decision will be made on how to financially compensate the client, if the complaint is justified. The financial advisor and their company must abide by any decision that is made by the Ombudsman, which becomes legally binding as soon as the customer has agreed to it. The Financial Ombudsman will also take into account any distress, inconvenience, trouble and upset caused to the client during the situation, and set the level of compensation accordingly.

Book a Financial Advisor in Durham UK

Financial advice can be provided in Durham and also in: Houghall, Croxdale, Peterlee, Hexham, Hartlepool, Bowburn, Bishop Aukland, High Pittington, Bearpark, Sacriston, Brancepeth, Chester le Street, Dragonville, Sherburn, Broompark, Consett, as well as in these postcodes DH1 1EE, DH1 1NL, DH1 1DJ, DH1 1JS, DH1 1JQ, DH1 1QN, DH1 1FX, DH1 1RH, DH1 1HN, DH1 1BA. Local Durham financial advisors will probably have the postcode DH1 and the dialling code 0191. Checking this should ensure that you access locally based financial advisers. Durham homeowners can benefit from these and numerous other similar services.

Fundamental Skills for a Financial Advisor

  • To be thorough and pay attention to detail.
  • Outstanding verbal communication skills.
  • To have the ability to listen attentively
  • To be able to network and build relationships with clients.
  • An excellent level of maths knowledge for building financial plans.
  • To have excellent IT skills.
  • A solid knowledge and understanding of economics and accounting with regard to financial products and markets.
  • Effective skills in customer service for identifying client needs and requirements.
  • Excellent management skills for the negotiation of product fees.
  • To have good time management skills.
  • The ability to promote products and services.

Financial Advisors County Durham

Financial Advice Advisers Financial Advisor County Durham Advisors DH1 0191 Advisor Financial Services Investment Advice Durham

In the County Durham area you can likewise get: Pelton investment advice, Spennymoor financial advisors, Seaham investment advisors, Quarrington financial advice, Grindon investment advisors, Trimdon Grange investment advisors, Annfield Plain financial advice, Tow Law investment advice, Newton Aycliffe investment advisors, Waldridge investment advisors, White le Head financial advisors, Shotton investment advisors, Newton Aycliffe financial advisors, Hamsterley financial advisors, Waldridge financial advice, Stillington financial advisors, Pelton financial advisors, Whessoe financial advisors, Sherburn Hill investment advice, Thornley financial advice, Shincliffe investment advice, Monk Hesleden financial advice, Shotton Colliery investment advisors, Sherburn Hill investment advisors, South Hetton investment advisors, Hamsterley investment advisors, Trimdon Grange financial advice, Annfield Plain investment advice, Eaglescliffe financial advisors, Annfield Plain investment advisors.

County Durham Financial Advice Enquiries

Financial Advice Enquiries County Durham

Recent County Durham financial advice enquiries: Monty Jobson from South Hetton, County Durham recently asked for information on family income benefit. Maria Riley from Spennymoor recently asked for information on pensions. Ronald Burrows and Aishah Burrows from Yarm, County Durham recently enquired about offshore investments. Karson Flower and Andreea Flower from West Rainton recently asked for information on financial planning. Toby Stott and Georgiana Stott from Cornforth, County Durham recently enquired about getting financial advice. Martha Bruce and Denny Bruce from Stanhope recently asked for information on offshore investments. Raphael Tomlinson and Megan Tomlinson from Easington, County Durham recently asked for information on life assurance. Trinity and Lawrence Bernard from Trimdon Grange recently asked for information on mortgages. Most of these local people conducted a search for "financial advisor County Durham" and noticed this page on either Yahoo, Bing or Google.

Durham Financial Advice Services

Financial Advice Tasks Durham

There is a wide range of services that can be provided by your local Durham financial advisor including savings advice in Durham, financial analyst services Durham, cashflow planning, personal pensions advice, offshore investments in Durham, family income benefit Durham, retirement planning, long term care fee planning, mutual funds, financial planning, familt controlled trusts, multi-asset portfolios Durham, will writing services, unit trusts Durham, portfolio management, bereavement benefit advice, corporate financial planning, tax advice, pension reviews, trustee investment services, pension plans in Durham, pensions in divorce, inheritance tax planning in Durham, investment consolidation Durham, life insurances Durham, pension consolidation advice in Durham, annuities, general financial planning in Durham, bridging finance Durham, income protection advice, and lots more. Listed are just some of the duties that can be undertaken by a financial advisor. Durham professionals will let you know their entire range of financial services.


Financial Advisors Near Durham

Also find: Bowburn financial advisers, Brancepeth financial advisers, Consett financial advisers, Hartlepool financial advisers, Sacriston financial advisers, High Pittington financial advisers, Houghall financial advisers, Sherburn financial advisers, Chester le Street financial advisers, Broompark financial advisers, Peterlee financial advisers, Croxdale financial advisers, Bishop Aukland financial advisers, Bearpark financial advisers, Dragonville financial advisers, Hexham financial advisors and more. All these towns and villages are covered by local financial advisers. Durham residents can get financial advice estimates by going here.

Durham Financial Advice Services

Find a Financial Advisor in Durham Here
Financial Advice Enquiries in Durham County Durham (0191)
  • Durham Wealth Management
  • Durham Mortgage Advice
  • Durham Financial Advice
  • Durham Cashflow Analysis
  • Durham Retirement Advice
  • Durham Investment Advice
  • Durham Life Insurance Advice
  • Durham Financial Advice Quotes
  • Durham Pension Advice
  • Durham Corporate Financial Planning
  • Durham Financial Services
  • Durham Trustee Investments
  • Durham Estate Planning
  • Durham Tax Advice

More Durham Services: Of course, when you are looking at your finances in Durham, County Durham, you'll likely be in need of all sorts of different services and aside from a financial advisor in Durham, County Durham, you could also need banruptcy lawyers in Durham, family lawyers in Durham, debt recovery & collection in Durham, tax preparation in Durham, payroll services in Durham, business consulting in Durham, mortgage advice in Durham, business financial planning in Durham, contracts lawyers in Durham, investment advisors in Durham, accountants in Durham, property law & conveyancing in Durham, wills & probate in Durham, bookkeepers in Durham, estate planning in Durham, solicitors in Durham, mortgage brokers in Durham, and other different Durham experts.

Financial Advisors Around Durham: Over the last twelve months financial advice was provided in the following Durham streets: Camberley Drive, Cambridgeshire Drive, Trotter Terrace, Bow Street, Cemetery Road, Benville Terrace, Coniston Close, Bank Foot, Teasdale Terrace, Blue House Bungalows, Blaidwood Drive, Alston Walk, Beechcroft Avenue, Blanchland Avenue, Carlyle Crescent, Crossgate, Ash Avenue, Abbey Road, Broom Lane, Browbank, Boyne Court, Church Street Villas, Barrons Way, Anvil Court, Burn Street, Andrew Terrace, Brandon Road, Thinford Street, Angus Street, Bridge Court, and in these County Durham postcodes: DH1 1EE, DH1 1NL, DH1 1DJ, DH1 1JS, DH1 1JQ, DH1 1QN, DH1 1FX, DH1 1RH, DH1 1HN, DH1 1BA. Folks living in these local areas recently needed the help of a financial advisor. Durham residents enjoyed competent and top notch financial services on each occasion.

To get local info regarding Durham, County Durham go here

Financial Adviser Jobs Durham: See financial adviser jobs near Durham by clicking here: General Financial Advisor Jobs

Independent financial advisor in DH1 area, telephone code 0191.

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(This financial advisor Durham article was successfully updated on 06-05-2022)