Financial Advisor Ellon

Ellon Independent Financial Advice & Investment

Financial Advisor Ellon Scotland (AB41): It can be a challenging experience trying to locate a good financial advisor advisor in the Ellon area, especially if it's the very first time that you are needing financial advice. Whether it is pensions, mortgage, investment or even insurance advice that you're after, there's one common rule for all qualified financial advisors; they all have to follow Financial Conduct Authority (FCA) regulations. The benefit of this is that should a financial advisor who is FCA certified give you bad advice, and anything goes awry, you have guarantees, and can get in touch with the Financial Services Compensation Scheme or the Financial Ombudsman Scheme to get things put right.

Free Ellon Financial Advisor Quotes

A good starting place when picking a financial advisor in Ellon may be friends and relations, but remember that the kind of advice you're looking for might be different to theirs. Financial advice needs to be specifically tailored to your unique circumstances, and you will discover that some financial advisors may not be suitable for your requirements. To investigate the options that they're offering and find a financial advisor you can trust and feel at ease with, it pays to talk with at least 3 different companies, because after all picking a financial advisor is a big decision.

Financial Advisor Ellon Scotland (AB41)

There are two main types of financial advisor in Ellon; independent financial advisors and restricted advisors. An IFA won't be restricted to a single provider's products and services. Independent financial advice must cover the full spectrum of financial products and companies, and should be given in an unbiased way. This will enable you to pick from the broadest range of services to match your needs. If you use a restricted financial advisor you'll find that they could be restricted to products and services of one particular firm, or as in the case of a mortgage advisor, may only be concerned with one product.

Before any Ellon financial advisor accepts you as a client, they're required by the Financial Conduct Authority to be transparent about their charges. You might be charged a set fee, by the hour or maybe even a specific percentage of your investment value, based on kind of services you require. You will sometimes be offered the possibility of a free initial consultation to enable you to discuss your aims and see if the advisor is suitable for your circumstances. Your account could be handled by a team rather than one individual advisor, if you opt to go with one of the larger Ellon companies.

Financial Advisors Ellon UK (01358)

You'll need to fill out a "Fact Find" document, which is a confidential disclosure form relating your financial situation and goals to the advising company. To provide details of the financial advisor, their status to offer independent or restricted advice and their range of permissions in the financial sector, you will also be handed a Key Facts or Initial Disclosure Document. Your own rights should also be set out in this document, together with your options if you want to make a complaint because you're not satisfied with the service you are given. It has to be typed out in plain English and describe what you are committing yourself to, and any possible benefits and risks that exist should you choose to accept the advice offered. You can find the level of cooling-off period in this document. This allows you to have a change of heart within a specific number of days, and cancel your contract with the financial advisor.

The very first time you are talking to your financial advisor you need to check what experience and qualifications they've got. You shouldn't be embarrassed about asking these questions, after all you're on the verge of entrusting your long-term financial wellbeing to their skill. A Level 4 qualification in financial advice is the minimum certification for any Ellon financial advisor, and they must also be in a position to present you with an annual Statement of Professional Standing. You shouldn't freak out if your particular advisor's name doesn't appear on the Financial Services Register, so long as the company is on the register, their advisors are covered by the regulations. If these cannot be presented the person can still offer financial guidance rather than advice. Guidance is not subject to regulations in the same way as financial advice, meaning that if errors occur neither party will have any recourse.

Financial Advisor Quotes in Ellon Scotland

If you are needing advice on investing money you'll be asked about the level of risk you are willing to take on. Higher risk investments could offer higher rewards, however some or all of your cash could be lost. The best investment and financial advice will take into account your savings objectives, i.e. long or short term investments, how much you have to invest and how rapidly you need to access your money. The one question that you should ask of yourself, which is frequently ignored, is how much you can afford to lose. This may affect the services and products that you are offered, and is generally referred to as your 'capacity for loss'.

Financial Advice Near Ellon Scotland

Right from the start, it is crucial that you let your financial advisor know about any existing regular outgoing payments, savings accounts, investments or mortgage loans that you have. This will give a full and clear picture of your current financial circumstances, and without this the advice you're given might not be the most appropriate for you. Diversifying your investments and savings by spreading the risk across various products, is a crucial part of reliable financial advice. A professional financial advisor in Ellon will be aware of the best products to consider, which reflect your goals and your financial situation.

Communicating in in the simplest terms possible, your financial advisor will lay bare the complex world of investment and finance. You should be in a position to come to an informed and considered decision after you have learned about the various products and services which match your needs. You can ask your financial advisor to only specify ethical investments and savings. This not only provides you with investment opportunities, but also allows you to support green energy or zero carbon projects, and avoid businesses that do not share the same values that you do.

Establishing a close working relationship with your financial advisor in Ellon could cause issues with work and other obligations. This can be alleviated by supplementing face-to-face meetings with video conferencing and telephone calls, therefore allowing you to seek the guidance you need at convenient times. Even if you never have a one-on-one meeting with your advisor, an established financial advice company in Ellon will have stringent measures in force to keep your details confidential and secure, because remote and home working is now so common.


You must bear in mind that the financial world is a volatile sector, and investment values can just as easily go down as well as up. It can be very stressful and frustrating if your investment fails to make the amount of money you hoped for. However, except if it is owing to misleading or wrong information from your financial advisor, a downward trend in your investment isn't seen as a grounds for complaint.

Independent Financial Advisor Near Ellon (AB41)

As indicated in the Key Facts Document, any grievances should commence with the firm's complaints procedure. If the advisor is a member of the FCA, you can tell the Financial Ombudsman about the issue if it remains unsolved within the time period set by the regulating authority.

The Financial Ombudsman will come to a decision after reviewing the cause for complaint independently. If the complaint is justified, a decision will be made on how to rectify or financially compensate the client. On acceptance by the customer, the ruling will become a legally binding one, and the advisor and their company must abide by it. Any compensation laid down by the Financial Ombudsman will also account for any distress, trouble, inconvenience and annoyance caused to the client during the process.

Book a Financial Advisor in Ellon UK

Financial advice can be provided in Ellon and also in nearby places like: Newburgh, Tipperty, Tarves, Cruden Bay, Udny Station, Methlick, Oldmeldrum, Broomfield, Auchnagatt, Newmachar, Pitmeddon, Kinharrachie, Udny, Ythanbank, together with these postcodes AB41 9DZ, AB41 9AF, AB41 9GB, AB41 1AJ, AB41 9EF, AB41 9GF, AB41 9GP, AB41 9FJ, AB41 8BF, AB41 9GJ. Locally based Ellon financial advisors will likely have the telephone dialling code 01358 and the postcode AB41. Checking this will ensure that you access locally based financial advisers. Ellon homeowners will be able to benefit from these and numerous other similar services. Simply click on the "enquiry" banner to get information on financial advisors in your area.

Regular Duties for a Financial Advisor

  • Producing comprehensive financial reports.
  • Negotiating with providers of financial products.
  • Meeting targets for sales and performance.
  • Continually updating clients regarding their investments.
  • Speaking with clients about their plans and finances.
  • Providing consultation, education and counselling with regards to investments and finances.
  • Keeping abreast of new products and legislation changes.
  • Keeping detailed records of clients and transactions.
  • Recommending the financial products that are best-suited to clients.
  • Working in conjuction with associates to collect market information, statistics and trends.

Ellon Financial Advice Services

Financial Advice Tasks Ellon

There is a range of services which can be provided by your local Ellon financial advisor including pension consolidation advice, annuity purchases, ISA's, familt controlled trusts, cash flow modelling, income protection advice, portfolio management, family income benefit in Ellon, general financial planning Ellon, life assurance advice, ethical investments, corporate bonds, pension reviews, tax planning, independent financial advice, annuities, long term care fee planning, pension drawdowns, wealth management, stakeholder pension advice in Ellon, mutual funds, bereavement benefits, personal protection in Ellon, trusts, corporate financial planning, pensions in divorce Ellon, divorce planning in Ellon, bridging finance in Ellon, personal pensions advice, investment consolidation, and lots more. Listed are just a small portion of the activities that can be conducted by a financial advisor. Ellon professionals will be happy to inform you of their full range of services.

Skills Necessary for Financial Advisors

  • To be good at promoting financial products and services.
  • A good knowledge and understanding of accounting and economics with regard to financial markets and products.
  • To be able to competently use a computer and the appropriate software applications.
  • To have the ability to network and establish relationships with clients.
  • Effective business management skills for the negotiation of product fees.
  • Excellent verbal communication skills.
  • A competent level of mathematical knowledge for building financial packages.
  • To be self-motivated and organised.
  • To have the ability to listen attentively
  • Excellent skills in customer service for establishing customer requirements.
  • To be thorough and pay attention to detail.

Financial Advisors Near Ellon

Also find: Methlick financial advisors, Newmachar financial advisors, Auchnagatt financial advisors, Udny financial advisors, Kinharrachie financial advisors, Oldmeldrum financial advisors, Newburgh financial advisors, Cruden Bay financial advisors, Pitmeddon financial advisors, Tarves financial advisors, Ythanbank financial advisors, Udny Station financial advisors, Broomfield financial advisors, Tipperty financial advisors and more. All these locations are served by local financial advisers. Ellon residents can get quotations by clicking here.

Ellon Financial Advice Services

Find a Financial Advisor in Ellon Here
Financial Advice Enquiries in Ellon Scotland (01358)
  • Ellon Trustee Investments
  • Ellon Cheap Financial Advice
  • Ellon Pension Advice
  • Ellon Cashflow Analysis
  • Ellon Inheritance Advice
  • Ellon Corporate Financial Planning
  • Ellon Independent Financial Advice
  • Ellon Retirement Planning
  • Ellon Estate Planning
  • Ellon Financial Services
  • Ellon Life Insurance Advice
  • Ellon Financial Advice Quotes
  • Ellon Mortgage Advice
  • Ellon Tax Advice

Financial Advisors Around Ellon: Over the last year financial advice was provided in these Ellon streets: Kennedy Way, Railway Bridgecroft, Slains Avenue, Nethermill, Annand Avenue, Chestnut Place, Cullen Court, Smithy Croft Waterton, Market Brae, Woodlands Place, Rutland House, Craighall Crescent, Bruce Crescent, Middleton Of Dudwick, Elphin Hill, Firhill Street, The Meadows, Backhill Of Kinharrachie, Site Office, Auchmore Road, Ardganty Steading, Kirkhowe, Fechil Place, Victual House Esslemont, Hillhead Of Ardlethen, Mill Of Leask Steading, Tummel Road, Logie House, Cairnbulg Way, and in these Scotland postcodes: AB41 9DZ, AB41 9AF, AB41 9GB, AB41 1AJ, AB41 9EF, AB41 9GF, AB41 9GP, AB41 9FJ, AB41 8BF, AB41 9GJ. Folks in these local areas recently needed the help of a financial advisor. Ellon residents enjoyed high quality and dependable financial services.

Financial Advisor Jobs Ellon: View financial adviser jobs in Ellon here: Financial Advisor Jobs Ellon

If you're interested in local Ellon info look here

Independent financial advisor in AB41 area, and dialling code 01358.

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(This financial advisor Ellon article was updated on 01-09-2022)