Financial Advisor Middlesbrough

Middlesbrough Independent Financial Advice & Investment

Financial Advisor Middlesbrough North Yorkshire (TS1): Finding a first-rate financial advisor advisor in the Middlesbrough area can be a daunting experience, in particular if you're seeking financial advice for the first time. Whether you are looking for mortgage, investments, pension or even insurance guidance, all qualified financial advisors are bound by one common rule; they all have to adhere to the regulations of the Financial Conduct Authority (FCA). The advantage of this is that should a financial advisor who is FCA approved give you bad advice, and things go wrong, you have guarantees, and are able to go to the Financial Ombudsman or the Financial Services Compensation Scheme to have it put right.

Free Middlesbrough Financial Advisor Quotes

Family and friends recommendations can be a decent starting place in choosing a financial advisor in Middlesbrough, but bear in mind that their situation could be different to the kind of advice you're looking for. Financial advice needs to be specifically tailored to your unique situation, and you will discover that some financial advisors may not be suitable for you. It is a good idea to talk to at least 3 different companies when you are selecting a financial advisor, since this is an important decision, and you'll be looking to find one that you feel comfortable with and can trust, and at the same time check out the various options they can provide.

Financial Advisor Middlesbrough North Yorkshire (TS1)

When it comes to picking a financial advisor in Middlesbrough, there are essentially two main types; restricted advisors and independent financial advisors (IFA). Offering a broader range of options, an independent financial advisor should not be confined to a single company's services or products. Independent financial advice must be given in an unbiased way and across the whole gamut of financial companies and products. This will allow you to pick from the widest possible range of products to suit your needs. A restricted advisor could be concerned with a single product, as with a mortgage advisor, or be limited to products and services from one particular company.

Before any Middlesbrough financial advisor takes you on as a client, they are required by the FCA to be fully transparent with you about their charges. Depending on the type of service you require, you could be charged a set fee, by the hour or perhaps even a specific percentage of your investment value. You might be offered the possibility of a free initial consultation to allow you to discuss your objectives and see if the advisor is a good fit for you and your situation. In some of the larger Middlesbrough companies, you might find that your account is being looked after by a team as opposed to an individual.

Financial Advisors Middlesbrough UK (01642)

You'll be asked to fill in a "Fact Find" form, which is a confidential disclosure document relating your financial situation and desired goals to the advising company. An Initial Disclosure, or Key Facts Document will also be given to you, to provide information on the financial advisors themselves, explaining the extent of their permissions in the financial arena and their situation for offering independent or restricted advice. Your legal rights will also be spelled out in this document, together with your options if you wish to complain because you aren't happy with the service you're given. It has to be written in plain English and describe what you are committing yourself to, and any possible benefits and risks that exist if you choose to go along with the advice offered. You can find the amount 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 frame, and cancel your contract with the financial advisor.

When talking with the financial advisor the very first time make sure you check their experience and qualifications. After all you are about to entrust your financial future to their skill, so you should never be embarrassed about asking such questions. Every financial advisor in Middlesbrough must be able to present an annual Statement of Professional Standing, and must hold a minimum of a Level 4 qualification. Don't worry if your particular financial advisor's name doesn't show up on the Financial Services Register, so long as the company is listed on the register, their staff are covered by the legislation. The person can still offer financial guidance rather than advice, if these cannot be presented. Guidance is different to advice as it's not regulated in the same way, and if financial mistakes occur there will probably be no recourse to the client.

Financial Advisor Quotes in Middlesbrough North Yorkshire

If you are looking for advice on investments you'll be asked the level of risk you're ready and able to take on. Many investments carry some degree of risk, but high risk investments could potentially offer higher rewards, but also more chance of losing some or all of your money. In order to get the most beneficial investment and financial advice, your savings aims will need to be considered, i.e. how much you wish to invest, long or short term investments and how quickly you need access to your money. One question you should ask of yourself, which is frequently ignored, is just how much you can actually afford to lose. Generally referred to as your 'capacity for loss', this will very likely influence the products and services that you're offered.

Financial Advice Near Middlesbrough North Yorkshire

If you already have any current mortgage loans, regular outgoings, investments or savings accounts, you'll want to tell your financial advisor about these. This will give a clear and full picture of your financial circumstances, and without this the advice you get may not be the most appropriate for you. Spreading the risk across a range of different products through the diversification of your savings and investments, is something that sound financial advice should allow for. Having a knowledge of the best areas to consider, a seasoned financial advisor will favour products that most closely match your financial situation and goals.

Your financial advisor will try to communicate in the clearest possible way, while revealing the complex world of finance. You should be in a position to make an informed decision once you have compared the various services and products that meet your needs. If you're environmentally minded, you can perhaps ask your financial advisor to stick to ethical investment and savings schemes. This will allow you to give your support to organisations and firms which address your concerns, i.e. green energy or zero carbon, or perhaps keeping away from investments that do not meet your requirements.

Having a close working relationship with your financial advisor in Middlesbrough could create issues with your work and other obligations. This can be reduced by supplementing face-to-face appointments with telephone and video conferencing, therefore allowing you to get the guidance you need at a convenient time. Even if you rarely have an in-person meeting with your personal advisor, an established financial advice company in Middlesbrough will have strict measures in force to keep your details confidential and secure, because home and remote working is now so common.


Investments can be a volatile area, and their values could go down as well as up. If it just so happens that your investment isn't making as much money as you hoped for, it can be a very worrying and disheartening time. Your investment having a downward trend isn't a recognised cause for complaint, unless your advisor has supplied you with misleading or incorrect information.

Independent Financial Advisor Near Middlesbrough (TS1)

The company's complaints procedure should be the place to start with any disputes, and the Key Facts Document will explain this. If the issue is unsolved within the time period set out by the regulating authority, and the financial advisor is a member of the FCA, you can inform the Financial Ombudsman.

The Financial Ombudsman will look into the cause for complaint and make a ruling. A decision will be made on how to financially compensate the client, if the complaint is upheld. Once agreed on by the customer, the decision becomes a legally binding one, and the advisor and their company must comply with it. Any inconvenience, distress, trouble and annoyance caused to the client during the process, will be taken into account when the Financial Ombudsman fixes the level of compensation.

Book a Financial Advisor in Middlesbrough UK

Financial advice can be provided in Middlesbrough and also in: Eston, Hemlington, Normanby, Stainton, Acklam, Coulby Newham, Cargo Fleet, South Bank, North Ormesby, Linthorpe, Dalby, Port Clarence, Berwick Hills, Riverside Park, Nunthorpe, Ormesby, Teesville, Bluebell Corner, together with these postcodes TS1 1NU, TS1 1HT, TS1 2LR, TS1 2AN, TS1 1LP, TS1 1RS, TS1 1EP, TS1 2JR, TS1 3AD, TS1 3AE. Local Middlesbrough financial advisers will probably have the postcode TS1 and the telephone dialling code 01642. Checking this out will ensure that you're accessing locally based financial advisers. Middlesbrough home and business owners are able to utilise these and many other related services.

Everyday Duties for a Financial Advisor

  • Producing detailed financial reports.
  • Working in conjuction with associates to gather statistics, market information and trends.
  • Researching financial products and explaining them simply and clearly to clients.
  • Thrashing out advantageous deals with with financial product providers.
  • Providing education, consultation and counselling regarding investments and finances.
  • Updating customers concerning their investments.
  • Meeting performance and sales targets.
  • Keeping abreast of new products and legislation changes.
  • Keeping detailed records of potential clients and transactions.
  • Speaking to clients about their finances and plans.

Required Skills for a Financial Advisor

  • To be able to network and establish relationships with customers.
  • A good knowledge of economics and accounting associated with financial products and markets.
  • Good skills in customer service for establishing customer requirements and needs.
  • To be confident in using a computer and the key software.
  • To pay attention to detail and be thorough.
  • Good skills in verbal communication.
  • To have a flexible work ethic.
  • Effective management skills for negotiating product prices.
  • To have the ability to listen attentively
  • To be good at selling financial services and products.
  • A competent level of maths knowledge for creating financial plans.

Middlesbrough Financial Advice Services

Financial Advice Tasks Middlesbrough

There is a wide range of services which can be provided by your local Middlesbrough financial advisor including trustee investment services, inheritance tax planning, general financial planning, offshore investments, death benefits, long term care fee advice, mortgage advice, ISA's, ethical investments, business protection Middlesbrough, pensions in divorce Middlesbrough, will writing services, critical illness cover, unit trusts, pension consolidation, saving for children in Middlesbrough, money planning, independent financial advice, portfolio management in Middlesbrough, multi-asset portfolios, annuities, income protection advice, pension transfers, mutual funds Middlesbrough, pension planning Middlesbrough, investment consolidation advice, cashflow analysis, savings advice, corporate bonds, tax planning, and lots more. Listed are just a small portion of the activities that can be handled by a financial advisor. Middlesbrough professionals will be happy to inform you of their full range of financial services.


Financial Advisors Near Middlesbrough

Also find: Port Clarence financial advisors, Linthorpe financial advisors, Normanby financial advisors, Cargo Fleet financial advisors, Teesville financial advisors, Nunthorpe financial advisors, Ormesby financial advisors, North Ormesby financial advisors, Berwick Hills financial advisors, Coulby Newham financial advisors, Stainton financial advisors, Riverside Park financial advisors, Acklam financial advisors, South Bank financial advisors, Eston financial advisors, Hemlington financial advisors, Dalby financial advisors, Bluebell Corner financial advisors and more. Anybody who is hunting for financial advice, will find that these services are readily available in just about all of these locations. Householders in these places can make enquiries about financial advice by going here.

Middlesbrough Financial Advice Services

Find a Financial Advisor in Middlesbrough Here
Financial Advice Enquiries in Middlesbrough North Yorkshire (01642)
  • Middlesbrough Investment Advice
  • Middlesbrough Life Insurance Advice
  • Middlesbrough Wealth Management
  • Middlesbrough Mortgage Advice
  • Middlesbrough Inheritance Advice
  • Middlesbrough Corporate Financial Advice
  • Middlesbrough Financial Services
  • Middlesbrough Pension Advice
  • Middlesbrough Estate Planning
  • Middlesbrough Financial Advice Quotations
  • Middlesbrough Cashflow Analysis
  • Middlesbrough Independent Financial Advice
  • Middlesbrough Tax Advice
  • Middlesbrough Retirement Advice

More Middlesbrough Services: Undoubtedly, whenever you are looking at your finances in Middlesbrough, North Yorkshire, you will probably be in need of all kinds of different services and apart from a financial advisor in Middlesbrough, North Yorkshire, you may also need solicitors in Middlesbrough, payroll services in Middlesbrough, business financial planning in Middlesbrough, wills & probate in Middlesbrough, business consulting in Middlesbrough, tax preparation in Middlesbrough, mortgage advice in Middlesbrough, debt recovery & collection in Middlesbrough, investment advisors in Middlesbrough, mortgage brokers in Middlesbrough, bookkeepers in Middlesbrough, family lawyers in Middlesbrough, banruptcy lawyers in Middlesbrough, contracts lawyers in Middlesbrough, accounting in Middlesbrough, property law & conveyancing in Middlesbrough, estate planning in Middlesbrough, and other different Middlesbrough experts.

If you would like to get local information on Middlesbrough, North Yorkshire look here

Financial Adviser Jobs Middlesbrough: View financial adviser jobs near Middlesbrough by going here: General Financial Advisor Jobs

Independent financial advisor in TS1 area, and dialling code 01642.

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(This financial advisor Middlesbrough article was revised and updated on 20-02-2024)