Financial Advisor Lancaster

Lancaster Independent Financial Advice & Investment

Financial Advisor Lancaster Lancashire (LA1): If you are seeking financial advice for the very first time, trying to find a reliable financial advisor advisor in the Lancaster area can be an intimidating experience. Whether you are searching for pensions, mortgage, investments or even insurance advice, all qualified financial advisors are bound by one common rule; they must all adhere to the regulations of the Financial Conduct Authority. Any advice given from a FCA approved financial advisor in Lancaster comes with certain guarantees that should anything go awry, you have access to the Financial Ombudsman or the Financial Services Compensation Scheme.

Free Lancaster Financial Advisor Quotes

When selecting a financial advisor in Lancaster, a good place to start could be friends and neighbours, but you must bear in mind that your circumstances may not be the same as theirs, and you may need a different type of advice. Not every financial advisor is suitable for everyone, and any advice they provide should be adapted to your unique circumstances. To investigate the options that they're offering and find a financial advisor that you can trust and feel comfortable with, it is wise to chat to at least 3 different firms, because after all selecting a financial advisor is an important decision.

Financial Advisor Lancaster Lancashire (LA1)

There are 2 principal types of financial advisor in Lancaster; restricted advisors and independent financial advisors (IFA). The advantage of seeing an IFA is that they will not be confined to the products and services of a single provider, and can offer a more diverse range of options. Covering the whole gamut of financial products and companies, independent financial advice should be given in a frank and unbiased way to clients. This will allow you to choose from the broadest range of services to match your needs. A restricted advisor could be limited to services and products from a single company, or may even concentrate on a particular product, as can be the case with a mortgage advisor.

Before accepting you as a client, any Lancaster financial advisor must tell you about their charges, as required by the Financial Conduct Authority. Although it varies in accordance with the type of product or service you're looking for, there could be a set fee, an hourly rate, or you could even be charged a proportion of the money you are investing. A free initial consultation may be offered, so that you can discuss your goals and situation to see if the advisor is the right fit. In some bigger Lancaster companies, you could find that your account is being managed by a team rather than an individual advisor.

Financial Advisors Lancaster UK (01524)

You'll be asked to fill in a "Fact Find" form, which is a confidential disclosure document relating your targets and financial situation to the advising company. An Initial Disclosure, or Key Facts Document will also be handed to you, to provide details of the financial advisors themselves, detailing the extent of their permissions in the financial arena and their status to offer restricted or independent advice. If you're not happy with the service, and wish to submit a complaint, this document should also lay down your rights and the possible options you can take. It has to be typed out in plain language and outline what you're committing yourself to, and any possible benefits and risks that exist should you decide to take the advice offered. The Key Facts Document will also tell you about the cooling-off period. This allows you to cancel the agreement with your financial advisor within a specific time period, and if any penalties are incurred.

When chatting with your financial advisor for the first time make sure you check their qualifications and experience. You should not be embarrassed about asking such questions, after all you're just about to entrust your financial wellbeing to their expertise. Every Lancaster financial advisor must present an annual Statement of Professional Standing, and must hold a minimum of a Level 4 qualification. You shouldn't freak out if your financial advisor's name doesn't show up on the Financial Services Register, as long as the firm is listed on the register, their staff are covered by the regulations. If they're not able to provide these accreditations, the individual can't 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 is no recourse for either party if financial errors are made.

Financial Advisor Quotes in Lancaster Lancashire

You will be asked about the level of risk you are willing and able to take, if you are seeking advice on investments. Many investments carry some element of risk, but higher risk investments could offer better rewards, and also more likelihood of losing your cash. Your savings goals should be carefully considered if good quality investment and financial advice is to be given, i.e. how much you wish to invest, how rapidly you need access to your funds and long or short term investments. The one question that you should ask yourself, which is often neglected, is how much money you can actually afford to lose. This could affect the products and services that you're offered, and is sometimes referred to as your capacity for loss.

Financial Advice Near Lancaster Lancashire

You should tell your financial advisor about any current regular outgoing payments, mortgages, savings or investments. They will need these details, so they can get a clear picture of your financial situation and give the correct advice for your needs. Smart financial advice should allow for diversifying your savings and investments by spreading the risk across various products. In order to mirror your financial circumstances and goals, a seasoned financial advisor in Lancaster will understand the best products to consider.

A financial advisor will lay bare the complex world of finance, and try to converse in as much plain speech as possible. This will permit you to compare products and services which match your needs, and come to an informed decision. You can ask your financial advisor to only choose ethical investments and savings. This will allow you to give your support to companies and businesses that match your concerns, e.g. renewable energy or zero carbon, or perhaps avoiding firms that do not meet your criteria.

It may prove challenging to manage work and other responsibilities around a close working relationship with your financial advisor in Lancaster. This can be alleviated by augmenting face-to-face meetings with video conferencing and telephone, hence enabling you to seek the guidance you need at convenient times. Any professional financial advice provider in Lancaster will have rigorous measures in force to ensure your details are kept confidential and secure, even if you never have a one-to-one meeting with your advisor, because remote and home working is now so common.


Investments can be a volatile area, and values can go down as easily as they go up. If your investment isn't making as much money as you hoped for, it can be incredibly worrying and demoralising. However, except if it's down to incorrect or misleading information from your financial advisor, a downward trend in your investment isn't seen as a basis for complaint.

Independent Financial Advisor Near Lancaster (LA1)

The company's complaints procedure should be the kick off point for any disputes, and the Key Facts Document should clarify this. You can inform the Financial Ombudsman of the situation if it remains unresolved within the time-frame set by the regulating body, and the advisor is a member of the Financial Conduct Authority.

The Financial Ombudsman will look into the cause of the complaint and make a ruling. If the complaint is found to be justified, a decision will be made on how to financially compensate the customer. The 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 accepted it. Any inconvenience, annoyance, distress and hassle caused to the customer during the process, will be taken into account when the Ombudsman sets the level of compensation.

Book a Financial Advisor in Lancaster UK

Financial advice can be provided in Lancaster and also in: Scale Hall, Halton Green, Bulk, Galgate, Stodday, Overton, Hest Bank, Heysham, Slyne, Carnforth, Caton, Quernmore, Torrisholme, Halton, Skerton, Milnthorpe, Aldcliffe, Morecambe, Scotforth, and in these postcodes LA1 1AB, LA1 1PL, LA1 1NH, LA1 1NN, LA1 1TD, LA1 1AD, LA1 1BL, LA1 1LW, LA1 1QX, LA1 1BP. Locally based Lancaster financial advisors will probably have the dialling code 01524 and the postcode LA1. Click on the "enquiry" form or banner to get specifics of financial advisors in your location.

Lancaster Financial Advice Services

Financial Advice Tasks Lancaster

There are a number of different services which can be provided by your local Lancaster financial advisor including business planning, life insurance, inheritance tax planning, investment plans, mortgage services, equity release Lancaster, general financial planning, corporate bonds Lancaster, trusts Lancaster, cheap financial advice, income protection advice, unit trusts, family income benefit Lancaster, retirement advice, divorce financial planning Lancaster, ethical investment advice, financial planning, bridging finance, personal financial planning, financial services, cashflow analysis in Lancaster, investment planning in Lancaster, offshore investments, cash flow modelling, pension reviews Lancaster, and lots more.

Day to Day Duties of a Financial Advisor

  • A financial advisor meets sales and performance targets.
  • A financial advisor speaks to customers regarding their plans and finances.
  • A financial advisor maintains detailed records of potential transactions and clients.
  • A financial advisor produces detailed financial reports.
  • A financial advisor keeps fully abreast of new financial products and law changes.
  • A financial advisor provides counselling, education and consultation regarding finances and investments.
  • A financial advisor works together with colleagues to gather market information, trends and statistics.
  • A financial advisor updates customers concerning their investments.
  • A financial advisor researches financial products and explains them simply and clearly to clients.
  • A financial advisor makes advantageous deals with with providers of financial products.

Financial Advisors Near Lancaster

Also find: Hest Bank financial advisors, Slyne financial advisors, Morecambe financial advisors, Scotforth financial advisors, Skerton financial advisors, Halton financial advisors, Caton financial advisors, Torrisholme financial advisors, Bulk financial advisors, Carnforth financial advisors, Milnthorpe financial advisors, Overton financial advisors, Aldcliffe financial advisors, Stodday financial advisors, Quernmore financial advisors, Heysham financial advisors, Halton Green financial advisors, Scale Hall financial advisors, Galgate financial advisors and more.

Lancaster Financial Advice Services

Find a Financial Advisor in Lancaster Here
Financial Advice Enquiries in Lancaster Lancashire (01524)
  • Lancaster Estate Planning
  • Lancaster Financial Services
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  • Lancaster Cashflow Analysis
  • Lancaster Pension Advice
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  • Lancaster Cheap Financial Advice
  • Lancaster Financial Advice Quotations
  • Lancaster Mortgage Advice
  • Lancaster Corporate Financial Advice
  • Lancaster Life Insurance Advice
  • Lancaster Wealth Management
  • Lancaster Tax Advice
  • Lancaster Inheritance Advice

Financial Advisors Around Lancaster: In Alderley Heights, Broadacre Close, The Shore, Burrow Heights, Banks Rise, Common Garden Street, Charnley Street, Cockersand Drive, St James Court, Claughton Terrace, Swaledale, Shaftesbury Place, Arrow Lane, Clapham Road, Devonshire Street, St Marys Gate, Bank Road, Sibsey Street, Barton Gardens, Alder Court, The Croft, Denis Street, St Catherines Court, Tarnsyke Road, St Pauls Road, Coastal Road, Sea View, Copy Lane, Alfred Street, as well as the following Lancaster area postcodes: LA1 1AB, LA1 1PL, LA1 1NH, LA1 1NN, LA1 1TD, LA1 1AD, LA1 1BL, LA1 1LW, LA1 1QX, LA1 1BP, folks have just recently needed financial advice.

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Financial Advisor Jobs Lancaster: Get financial advisor jobs in Lancaster here: Lancaster Financial Advisor Jobs

Independent financial advisor in LA1 area, (dialling code 01524).

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