Financial Advisor Edinburgh

Edinburgh Independent Financial Advice & Investment

Financial Advisor Edinburgh Scotland (EH1): It can be a challenging experience trying to find a decent financial advisor advisor in the Edinburgh area, in particular if it is the very first time that you are in search of financial advice. Whether it is pension, investments, mortgage or even insurance guidance that you are searching for, there is one common rule for all professional financial advisors; they all have to abide by FCA (Financial Conduct Authority) regulations. This comes with various guarantees, thus after taking advice from a FCA certified financial advisor in Edinburgh, you can seek reparation from the Financial Services Compensation Scheme or the Financial Ombudsman, if anything goes awry.

Free Edinburgh Financial Advisor Quotes

When selecting a financial advisor in Edinburgh, a good starting point could be friends and relations, however you must remember that your situation may not be in line with theirs, and you might need a different sort of advice. Any advice they offer needs to be personalised to your particular circumstances, and every financial advisor is not suitable for everybody. It is a good idea to speak to at least 3 different firms when you are considering a financial advisor, as this is a big decision, and you will be looking to find one that you can trust and feel at ease with, and also investigate the various options they can provide.

Financial Advisor Edinburgh Scotland (EH1)

Restricted advisors and independent financial advisors, are the 2 main types of financial advisor in Edinburgh. Offering a broader range of options, an IFA won't be restricted to a single provider's products or services. Independent financial advice must be offered in an impartial way and should cover the full gamut of financial companies and products. If you decide to use an independent financial advisor, you'll be able to choose from the widest possible array of products, so as to find the perfect solution for you. A restricted financial advisor could be limited to products and services from a particular provider, or may even focus on an individual product, as may be the case with a mortgage advisor.

The Financial Conduct Authority requires that any financial advisor in Edinburgh must fully discuss their charges with you, before taking you on as a client. You might be charged a set fee, by the hour or possibly even a proportion of your investment value, according to type of product you are looking for. To discuss your goals and see if the advisor is the correct fit for you and your situation, you could be offered the possibility of a free first consultation. In some of the bigger Edinburgh firms, you may find that your account is looked after by a team as opposed to an individual advisor.

Financial Advisors Edinburgh UK (0131)

You'll be asked to complete a "Fact Find" form, which is a confidential disclosure document relating your financial situation and desired goals to the advising company. To provide information about 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 given a Key Facts or Initial Disclosure Document. Your rights should also be laid out in this document, together with the possible options you can take if you want to submit a complaint because you're not happy with the service provided. It has to be written in plain English and detail what you are signing up for, and any potential risks and benefits that exist if you choose to go along with the offered advice. The Key Facts Document should also tell you about the allowed cooling-off period. This permits you to cancel your contract with the financial advisor within a certain number of days, and if any penalty charges are incurred.

The very first time you're speaking with the financial advisor ensure that you check what experience and qualifications they've got. After all you are just about to entrust your long-term financial wellbeing to their expertise, so you should never be embarrassed about asking these questions. All financial advisors in Edinburgh must as a minimum hold a Level 4 qualification and present an annual Statement of Professional Standing. When checking the Financial Services Register, you should not stress if your specific advisor's name does not show up on there; you will probably locate the company name, and that means the legislation covers all of their advisors. If these cannot be provided the person can still offer financial guidance instead of advice. 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 Edinburgh Scotland

If you're seeking advice on investments you will be asked the amount of risk you're ready and able to take. Most investments carry some degree of risk, but high risk investments could offer bigger rewards, and also more likelihood of losing some or all of your cash. Good financial and investment advice will take you savings aims into consideration, i.e. how rapidly you need access to your funds, how much you have to invest and short or long term investments. One question you should ask yourself, which is normally ignored, is just how much you can really afford to lose. Sometimes referred to as your 'capacity for loss', this will most likely affect the products and services that you are offered.

Financial Advice Near Edinburgh Scotland

If you have already got any existing investments, savings accounts, mortgages or regular payments, you'll want to let your financial advisor know about these. This will provide a clear and full picture of your financial circumstances, without which the advice given will most likely not be the best for you. Spreading the risk across a number of different products through the diversification of your investments and savings, is something that smart financial advice should encompass. With a knowledge of the best areas to consider, an experienced financial advisor will focus attention on products that match your financial circumstances and goals.

A financial advisor will throw open the complex world of finance, and try to speak in the clearest possible way. This will permit you to compare products and services which meet your needs, and make an informed decision. If you're mind is firmly on the environment, you can ask your financial advisor to stick to ethical investment and savings schemes. This will allow you to support companies and businesses which address your concerns, e.g. zero carbon or renewable energy, or perhaps staying away from investments that do not meet your requirements.

It's not that easy to work closely with a financial advisor in Edinburgh without this impacting on your work life and other commitments. This can be reduced by augmenting face-to-face appointments with video conferencing and phone calls, therefore enabling you to get the advice you need at times that are convenient. An established financial advice firm in Edinburgh will have stringent measures in place to keep your details secure and confidential, even if you never have a one-on-one meeting with your personal advisor, because remote and home working is now so common.


Investments can be a volatile area, and their values can go down as easily as they go up. If it just so happens that your investment fails to make as much money as you were hoping for, it can be a very stressful and disheartening time. Unfortunately, a downward spiral in your investment is not a recognised basis for complaint, unless of course it's due to misleading or wrong information from your advisor.

Independent Financial Advisor Near Edinburgh (EH1)

The firm's complaints procedure should be the best place to start with any disputes, and the Key Facts Document will discuss this. If the matter remains unresolved within the time period stipulated by the regulating body, and the financial advisor is a member of the Financial Conduct Authority, you can contact the Financial Ombudsman.

After independently reviewing the cause for complaint, the Financial Ombudsman will make a ruling on the issue. A decision is made on how to rectify or financially compensate the client, if the complaint is justified. This will become a legally binding decision once it has been accepted by the client, and the advisor and their company must comply with the decision. Any hassle, annoyance, inconvenience and distress caused to the customer during the dispute, will be taken into account when the Financial Ombudsman sets the level of compensation.

Book a Financial Advisor in Edinburgh UK

Financial advice can be provided in Edinburgh and also nearby in: Leith, Wallyford, Corstorphine, Trinity, Currie, Newington, Newhaven, Juniper Green, Dalkeith, Ratho, Danderhall, Musselburgh, Bonnington, South Gyle, Portobello, Loanhead, Craigentinny, and in these postcodes EH1 1BJ, EH1 1PL, EH1 1DE, EH1 1BS, EH1 1YZ, EH1 1NW, EH1 1HT, EH1 1EZ, EH1 1LT, EH1 1TR. Locally based Edinburgh financial advisers will probably have the postcode EH1 and the telephone dialling code 0131. Simply click the "enquiry" banner to get details about financial advisors in your area.

Edinburgh Financial Advice Services

Financial Advice Tasks Edinburgh

There are a whole host of services that can be provided by your local Edinburgh financial advisor including ethical investment advice, independent financial advice, pension drawdowns, investment planning Edinburgh, offshore investments in Edinburgh, business planning, equity release, mutual funds, bridging finance Edinburgh, portfolio management, wealth management & investments, pension planning, will writing services Edinburgh, life assurance Edinburgh, financial planning in Edinburgh, pension reviews, cashflow analysis in Edinburgh, personal financial planning in Edinburgh, pension transfers in Edinburgh, income protection advice in Edinburgh, general financial planning, trusts in Edinburgh, pension consolidation advice, investment planning, pension advice in Edinburgh, and lots more.

Regular Tasks for a Financial Advisor

  • A financial advisor thrashes out advantageous deals with with financial product providers.
  • A financial advisor meets performance and sales targets.
  • A financial advisor constantly updates customers about their investments.
  • A financial advisor works with peers to gather statistics, market information and trends.
  • A financial advisor produces financial reports.
  • A financial advisor researches financial products and explains them simply and clearly to clients.
  • A financial advisor maintains a record of potential transactions and clients.
  • A financial advisor provides education, consultation and counselling with regards to finances and investments.
  • A financial advisor keeps fully up to date with new products and regulation changes.
  • A financial advisor chats with clients about their finances and plans.

Financial Advisors Near Edinburgh

Also find: Juniper Green financial advisors, Currie financial advisors, Wallyford financial advisors, Newington financial advisors, Trinity financial advisors, Craigentinny financial advisors, Danderhall financial advisors, Musselburgh financial advisors, Newhaven financial advisors, Dalkeith financial advisors, Corstorphine financial advisors, Ratho financial advisors, Bonnington financial advisors, Loanhead financial advisors, Portobello financial advisors, Leith financial advisors, South Gyle financial advisors and more.

Edinburgh Financial Advice Services

Find a Financial Advisor in Edinburgh Here
Financial Advice Enquiries in Edinburgh Scotland (0131)
  • Edinburgh Cashflow Analysis
  • Edinburgh Retirement Planning
  • Edinburgh Tax Advice
  • Edinburgh Cheap Financial Advice
  • Edinburgh Inheritance Advice
  • Edinburgh Estate Planning
  • Edinburgh Wealth Management
  • Edinburgh Life Insurance Advice
  • Edinburgh Financial Services
  • Edinburgh Investment Advice
  • Edinburgh Pension Advice
  • Edinburgh Trustee Investments
  • Edinburgh Corporate Financial Advice
  • Edinburgh Independent Financial Advice

Financial Advisors Around Edinburgh: Financial advisors were recently required by people living in Kingsknowe Avenue, Coillesdene Drive, Swanston Crescent, The Murrays, Baberton Mains Lea, Bonaly Wester, Charterhall Road, Colonsay Place, Hutchison Terrace, Grierson Crescent, Hesperus Broadway, Meadowbank Crescent, Grindlay Street, Ellersly Road, South Sloan Street, Belmont View, Glenallan Loan, Margaret Rose Avenue, Back Dean, Northfield Heights, Kimmerghame Row, Blinkbonny Avenue, Oxgangs Green, Ladywell Road, Bainfield Place, Clovenstone Park, Lyne Street, Clermiston Gardens, Dudley Terrace, Lochend Park View and these Edinburgh postcodes: EH1 1BJ, EH1 1PL, EH1 1DE, EH1 1BS, EH1 1YZ, EH1 1NW, EH1 1HT, EH1 1EZ, EH1 1LT, EH1 1TR.

To find out local information relating to Edinburgh, Scotland go here

Independent financial advisor in EH1 area, 0131.

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