Financial Advisor Ellon

Ellon Independent Financial Advice & Investment

Financial Advisor Ellon Scotland (AB41): If you're in search of financial advice for the first time, trying to locate a first-rate financial advisor advisor in Ellon can be an intimidating experience. Whether you're looking for investments, pension, mortgage or even insurance advice, all financial advisors have one thing in common; they all have to observe the regulations laid down by the Financial Conduct Authority (FCA). This comes with some guarantees, so after getting advice from a FCA approved financial advisor in Ellon, you can seek reparation from the Financial Services Compensation Scheme or the Financial Ombudsman, if anything goes awry.

Free Ellon Financial Advisor Quotes

A decent starting point in choosing a financial advisor in Ellon may be friends and relatives, but keep in mind that the type of advice you're searching for may be different to theirs. Not every financial advisor is suitable for everybody, and any advice they provide needs to be personalised to your specific situation. It is a good idea to speak to at least three different firms when you're selecting a financial advisor, because this is a major decision, and you'll be looking to find one that you feel comfortable with and can trust, and explore the options they can provide.

Financial Advisor Ellon Scotland (AB41)

When you're looking to pick a financial advisor in Ellon, there are essentially 2 main types; restricted advisors and independent financial advisors (IFA). The advantage of seeing an independent financial advisor is that they won't be restricted to the services and products of just one provider, and can offer a more extensive range of options. Independent financial advice should be given in an honest and impartial way and should cover the whole gamut of financial products and companies. If you elect to use an IFA, you will be able to choose from the widest possible array of products, so as to find the ideal solution for you. If you use a restricted financial advisor you will discover that they might be limited to products and services of a single firm, or as in the case of a mortgage advisor, will only be involved with one individual product.

The FCA demands that any financial advisor in Ellon must tell you about their charges, before taking you on as a client. Although it varies subject to the kind of service you're looking for, there may be a set fee, an hourly rate, or you may even be charged a proportion of what you are investing. You may be offered the possibility of a free first consultation to allow you to discuss your goals and see if the advisor is a good fit for you and your situation. If you go with one of the bigger Ellon companies, your account could be looked after by a team of advisors rather than just one person.

Financial Advisors Ellon UK (01358)

To describe your financial situation and objectives to the advising firm, you'll be required to fill out a "Fact Find" form, which is a confidential disclosure document. To provide details about the financial advisor, their situation for offering independent or restricted advice and the scope of their permissions in the financial market, you'll also be given an Initial Disclosure Document, or Key Facts Document. This document will also set down your own legal rights and the options you can take if you are not satisfied with the service provided, and want to make a complaint. It must be easily understood, written in layman's terms, and outline exactly what you're signing up for, along with the risks and benefits of going along with the advice. You will find the level of cooling-off period in the Key Facts Document. This makes it possible for you to have a change of heart within a specific time period, and cancel the contract with your financial advisor.

You should check what qualifications and experience the financial advisor has the first time you talk to them. After all you are just about to entrust your financial wellbeing to their skill, so you should not be embarrassed about asking these questions. Every Ellon financial advisor must be in a position to present an annual Statement of Professional Standing, and must at least hold a Level 4 qualification. You shouldn't worry if your financial advisor's name doesn't appear on the Financial Services Register, so long as the firm is listed on the register, their employees are covered by the regulations. If these can't be provided the individual can still offer financial guidance instead of financial advice. Guidance is not subject to regulations in the same way as financial advice, meaning that if mistakes arise neither party will have any recourse.

Financial Advisor Quotes in Ellon Scotland

If you are looking for advice on investing money you'll be asked about the level of risk you're comfortable with. Most investments carry some degree of risk, but higher risk investments could offer higher rewards, and also more likelihood of losing some or all of your cash. Your savings objectives will have to be taken into account if the best investment and financial advice is to be given, i.e. how much capital you want to invest, short or long term investments and how quickly you need to access your money. "How much can you actually afford to lose?" Is the one vital question that you really need to ask yourself. This is referred to as your 'capacity for loss' and could influence the products and services that are offered for your consideration.

Financial Advice Near Ellon Scotland

You will have to let your financial advisor know about any current investments, savings accounts, mortgage loans or regular outgoing payments. To ensure that you get the most suitable advice for you, they need a full and clear picture of your financial circumstances. Spreading the risk across different products through the diversification of your savings and investments, is something that smart financial advice should encompass. A qualified financial advisor in Ellon will understand the best products to consider, which reflect your financial situation and your goals.

Your financial advisor will try to communicate in as much plain speech as possible, while unmasking the multifaceted world of finance. You should be in a position to come to an informed decision when you have learned about the various products and services that match your needs. If the environment is important to you, you could even ask that ethical savings and investments take precedence. This allows you to give your support to businesses and firms that address your concerns, e.g. zero carbon or renewable energy, or perhaps keeping away from investments that don't meet your requirements.

It is not that easy to have a close working relationship with a financial advisor in Ellon without this affecting work and other responsibilities. This can be alleviated by augmenting one-on-one appointments with telephone calls and video conferencing, therefore allowing you to seek the advice you need at convenient times. Working from home and remote working is now a large part of our society, and an established financial advice company in Ellon will have stringent measures in force to keep your details secure and confidential, even if you rarely have a one-on-one meeting with your advisor.


Investments can be a volatile area, and values can go down as well as up. It can be extremely worrying and demoralising if your investment fails to make as much money as you hoped for. However, unless it's because of misleading or incorrect information from your financial advisor, your investment having a downward trend isn't seen as a cause for complaint.

Independent Financial Advisor Near Ellon (AB41)

As indicated in the Key Facts Document, any complaints should commence with the company's complaints procedure. You can inform the Financial Ombudsman of the issue if it remains unsolved within the time-frame set out by the regulating body, and the advisor is registered with the FCA.

The Financial Ombudsman will come to a decision after independently reviewing the cause for complaint. If the complaint is found to be justified, a decision will be made on how to financially compensate the client. This will become legally binding once it has been accepted by the client, and the financial advisor and their firm must comply with the decision. Any distress, upset, inconvenience and hassle caused to the customer during the situation, will be taken into account when the Financial Ombudsman establishes the level of compensation.

Book a Financial Advisor in Ellon UK

Financial advice can be provided in Ellon and also in nearby places like: Kinharrachie, Oldmeldrum, Pitmeddon, Ythanbank, Tarves, Tipperty, Newmachar, Cruden Bay, Newburgh, Methlick, Auchnagatt, Udny Station, Udny, Broomfield, together with these postcodes AB41 9JX, AB41 8BQ, AB41 9DU, AB41 9BG, AB41 8AE, AB41 9EY, AB41 9EQ, AB41 8AT, AB41 9AF, AB41 9FF. Local Ellon financial advisors will probably have the dialling code 01358 and the postcode AB41. Checking this should confirm you're accessing local financial advisers. Ellon homeowners can utilise these and countless other comparable services. Simply click on the "enquiry" banner to get info on financial advisors in your area.

Ellon Financial Advice Services

Financial Advice Tasks Ellon

There are a whole host of services which are provided by your local Ellon financial advisor including inheritance tax planning, pension transfer advice in Ellon, personal pensions Ellon, multi-asset portfolios, annuities Ellon, savings advice, bridging finance Ellon, offshore investment advice, retirement plans, tax financial planning Ellon, trustee investment services, annuity purchases, independent financial advice, cash flow modelling, unit trusts Ellon, income protection, wealth management & investments, investment advice Ellon, pension planning, pension drawdowns, will writing services, bereavement benefits, corporate financial planning, pensions in divorce Ellon, portfolio management, divorce financial planning, pension reviews Ellon, mortgage advice in Ellon, investment bonds, familt controlled trusts in Ellon, and more. These are just an example of the activities that can be accomplished by a financial advisor. Ellon professionals will keep you informed about their full range of services.

Skills and Knowledge Required by a Financial Advisor

  • Good business management skills for the negotiation of product fees.
  • An outstanding understanding of accounting and economics relating to financial markets and products.
  • To be target driven.
  • Excellent verbal communication skills.
  • The ability to sell products and services.
  • An excellent level of mathematical knowledge for producing financial packages.
  • To be thorough and pay attention to detail.
  • Excellent customer service skills for finding out customer requirements and needs.
  • Active listening and interpersonal skills.
  • To have good IT skills.
  • To be able to network and establish relationships with customers.

Financial Advisors Near Ellon

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

Ellon Financial Advice Services

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

Financial Advisors Around Ellon: Financial advisors were recently requested by folks living in Provost Cordiner Road, Islay Court, Crawhead Croft, Sandend Park, Northfield Place, Little Flobbets, Leys Of Auchmacoy, Ridgeways, Whitehills Court, Esslemont Circle, Tipperty House, Esslemont West Lodge, Widgeon Way, Snipe Street, Udny Place, Rannoch Road, Commonty, Cobblebank Ardlethen, Whitehills Drive, Annand Road, Esslemont House, Old Rectory Avenue, Waterton Steading, Commercial Gardens, Auchleuchries, Shiralee Waterton, Modley Court, Tillyburn, Firhill Street and these Ellon postcodes: AB41 9JX, AB41 8BQ, AB41 9DU, AB41 9BG, AB41 8AE, AB41 9EY, AB41 9EQ, AB41 8AT, AB41 9AF, AB41 9FF. Folks residing in these areas recently requested the help of a financial advisor. Ellon residents enjoyed the benefits of competent and high quality financial services on every occasion.

To find local info relating to Ellon, Scotland go here

Financial Advisor Jobs Ellon: See financial advisor jobs in Ellon here: General Financial Advisor Jobs

Independent financial advisor in AB41 area, telephone code 01358.

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(This financial advisor Ellon information was updated on 06-05-2022)