Financial Advisor Newcastle Tyne and Wear (NE1): If you are seeking financial advice for the very first time, trying to find a decent financial advisor advisor in Newcastle can be a daunting experience. However, all qualified financial advisors have one thing in common; they all have to stick to the regulations of the Financial Conduct Authority (FCA), whether you are searching for investment, mortgage, pensions or even insurance advice. This comes with certain guarantees, therefore after getting advice from a FCA authorised financial advisor in Newcastle, you can seek recompense from the Financial Ombudsman Scheme or the Financial Services Compensation Scheme, if if things go wrong.
Relatives and friends recommendations can be a good starting point in picking a financial advisor in Newcastle, but remember that their needs might be different to what you're looking for. Their advice needs to be personalised to your specific circumstances, and not every financial advisor is suitable for everybody. Picking a financial advisor is a major decision and it is a good idea to talk to at least 3 different companies in order to investigate the various options they provide, and to find one you feel comfortable with and can trust.
When it comes to picking a financial advisor in Newcastle, there are two main types; restricted advisors and independent financial advisors (IFA). Offering a wider range of options, an IFA won't be restricted to the services and products of just one company. Independent financial advice should be offered in an impartial and unbiased way and across the entire spectrum of financial products and companies. Consulting an independent financial advisor should enable you to choose between the widest possible range of services. A restricted advisor may be limited to services and products from one particular company, or may even focus on an individual product, as you might find with a mortgage advisor.
Before any financial advisor accepts you as a client, they're required by the FCA to fully discuss their charges with you. You could be charged by the hour, a set fee or maybe even a proportion of your investment, based upon type of product you are interested in. A free first consultation may be offered, so that you can discuss your aims and circumstances to determine whether the advisor is the right choice. Your account might be handled by a team rather than a single advisor, if you elect to go to one of the larger Newcastle firms.
Before any advice is handed out you will be asked to fill in a confidential disclosure form, called a "Fact Find" document, which informs the advising firm about your targets and financial situation. To provide information about the financial advisor, their situation for offering restricted or independent advice and their scope of permissions in the financial arena, you will also be handed a Key Facts Document, or Initial Disclosure Document. Your own rights will also be set out in this document, together with the options you can take if you want to complain because you aren't satisfied with the service you're given. It should be simple to understand, written in plain English, and outline exactly what you're signing up for, along with the risks and benefits of going along with the advice. The cooling-off period should also be spelled out in this document. This allows you to cancel the agreement within a certain time frame, and if any penalties are incurred.
You'll want to check what qualifications and experience the financial advisor has the first time you speak with them. After all you are on the verge of entrusting your long-term financial wellbeing to their skill, so you should not be self-conscious about asking these questions. Every financial advisor in Newcastle 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 advisor's name doesn't appear on the Financial Services Register, as long as the company is listed on the register, their personnel will be covered by the regulations. The individual can still offer financial guidance instead of advice, if these can't be provided. In financial terms guidance differs to advice and is not regulated in the same way. Therefore there's no recourse for either party if financial blunders arise.
You'll be asked about the level of risk you're prepared to accept, if you are seeking advice on investments. Many investments carry some element of risk, but high risk investments could offer substantial rewards, but also more likelihood of losing some or all of your money. Decent investment and financial advice will take you savings objectives into consideration, i.e. how much you have to invest, how quickly you need to access your money and short or long term investments. You must invariably ask yourself the one vital question, how much money can you truly afford to lose. This is generally referred to as your 'capacity for loss' and may influence the products and services that are offered for your consideration.
If you've already got any current investments, mortgage loans, regular outgoing payments or personal savings, you must let your financial advisor know about these. They'll need to know this, so they can get a clear picture of your financial situation and give the correct advice for your needs. Diversifying your savings and investments by spreading the risk across a range of different products, is a vital part of good quality financial advice. A certified financial advisor in Newcastle will have the knowledge of the best products to consider, which reflect your financial situation and your goals.
Communicating in the clearest way possible, your financial advisor will throw open the complex world of investment and finance. You should be able to make an informed and educated decision once you have learned about the various products and services that meet your needs. You could even ask your financial advisor to only include ethical savings and investments. You will then be able to keep clear of businesses that corporations meet your standards, and instead lend your support to those companies and enterprises that address your concerns, for example green energy or zero carbon.
It's not that easy to have a close working relationship with a financial advisor in Newcastle without this impacting your work life and other commitments. To enable you to seek advice at a time to suit you, one-on-one appointments can be supplemented with video conferencing and phone calls. Any experienced financial advice provider in Newcastle will have rigorous measures in place to keep your details secure and confidential, even if you hardly ever have a face-to-face meeting with your advisor, because home and remote working is no longer unusual.
Investments can just as easily go down as well as up, since the financial world can be volatile. If it just so happens that your investment fails to make the amount of money you hoped for, it can be an extremely demoralising and worrying time. Unfortunately, a downward trend in your investment isn't a recognised cause for complaint, except if it is down to misleading or wrong information from your advisor.
As laid out in the Key Facts Document, any grievances should commence with the firm's complaints procedure. If the issue remains unsolved within the period stipulated by the regulating body, and your financial advisor is a member of the Financial Conduct Authority, you can notify the Financial Ombudsman.
After looking into the cause of the complaint, the Financial Ombudsman will make a ruling on the issue. If the complaint is upheld, a decision will be made on how to financially compensate the client. The financial advisor and their company must abide by any decision that's made by the Ombudsman, which becomes legally binding as soon as the customer has agreed to it. Any upset, inconvenience, hassle and distress caused to the customer during the situation, will be considered when the Ombudsman sets the level of compensation.
Financial advice can be provided in Newcastle and also in nearby places like: South Gosforth, Gateshead, Kenton, Shieldfield, Fenham, Woolsington, Longbenton, Forest Hall, Felling Shore, Byker, Felling, Coxlodge, Heaton, Shield Field, Cowgate, Benton, West Jesmond, Jesmond, together with these postcodes NE1 3NG, NE1 2AH, NE1 3HB, NE1 3AE, NE1 1SG, NE1 1EH, NE1 2DB, NE1 3BE, NE1 3PE, NE1 2ES. Locally based Newcastle financial advisers will most likely have the postcode NE1 and the telephone code 0191.
Financial Advisors Tyne and Wear
In the Tyne and Wear area you'll also find: Throckley financial advisors, Burdon financial advisors, Fence Houses investment advisors, Sheriff Hill investment advisors, Monkseaton financial advice, Lamesley financial advisors, Wideopen financial advisors, Penshaw financial advice, Cullercoats investment advisors, Swalwell investment advice, Greenside investment advisors, Whitburn investment advice, Ryton financial advisors, Wideopen financial advice, Shiremoor investment advice, Birtley financial advisors, Lamesley financial advice, Lobley Hill investment advice, Sunniside financial advice, East Rainton financial advice, Cullercoats investment advice, Felling financial advice, Forest Hall financial advice, Oxclose financial advisors, Annitsford investment advice, Blaydon on Tyne investment advisors, Lobley Hill investment advisors.
Newcastle Financial Advice Services
There is a range of services which are provided by your local Newcastle financial advisor including inheritance tax planning, investment bonds in Newcastle, tax advice, divorce planning, mortgage services in Newcastle, personal financial planning in Newcastle, life assurance advice in Newcastle, pension reviews, financial planning in Newcastle, annuity purchases, general financial planning in Newcastle, investment advice in Newcastle, wealth management & investments in Newcastle, pension advice, long term care fee advice, pension consolidation Newcastle, family income benefit Newcastle, investment planning, cash flow modelling, portfolio management in Newcastle, corporate bonds Newcastle, annuities, income protection advice Newcastle, pension drawdowns Newcastle, bridging finance in Newcastle, and more.
The Day to Day Duties for a Financial Advisor
- Financial advisors meet targets for sales and performance.
- Financial advisors talk to customers about their plans and finances.
- Financial advisors work with colleagues to collect trends, statistics and market information.
- Financial advisors research financial products and explain them simply and clearly to their clients.
- Financial advisors keep fully up to date with regulation changes and new products.
- Financial advisors thrash out advantageous deals with with providers of financial products.
- Financial advisors consistently update customers concerning their investments.
- Financial advisors provide counselling, consultation and education with regards to finances and investments.
- Financial advisors maintain a record of potential transactions and customers.
- Financial advisors produce financial reports.
Financial Advice Enquiries Tyne and Wear
Current Tyne and Wear financial advice enquiries: Mr and Mrs Mcnulty from Monkseaton recently enquired about life assurance. Maryam and River Hinde from Annitsford recently enquired about investment bonds. Mr and Mrs Hussein from Blakelaw, Tyne and Wear recently asked for information on life assurance. Jak Connor and Nora Connor from West Boldon, Tyne and Wear recently enquired about getting financial advice. Isobel Fraser and Braydon Fraser from Monkseaton, Tyne and Wear recently asked for information on pensions. Mr and Mrs Manson from Cleadon, Tyne and Wear recently asked for information on mortgages. Eddison English from East Boldon recently asked for information on financial planning. Teddy Miles from Lamesley, Tyne and Wear recently enquired about offshore investments.
Financial Advisors Near Newcastle
Also: Cowgate financial advisors, Heaton financial advisors, Kenton financial advisors, Gateshead financial advisors, Felling financial advisors, West Jesmond financial advisors, Fenham financial advisors, Coxlodge financial advisors, Shield Field financial advisors, Longbenton financial advisors, Woolsington financial advisors, South Gosforth financial advisors, Felling Shore financial advisors, Byker financial advisors, Shieldfield financial advisors, Jesmond financial advisors, Benton financial advisors, Forest Hall and more.
- Newcastle Pension Advice
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Financial Advisors Around Newcastle: Folks who live in the following roads and streets have just recently enquired about financial advice - Charles Street, Cranberry Drive, Castletown Grange, Springpool, Tennant Place, Daleian Court, Stubbs Street, Copeland Avenue, Beech Grove, The Brampton, Tellwright Grove, Almond Place, Beasley Avenue, St Georges Road, Duncalf Grove, Ashton Court, Turnhill Grove, Collard Avenue, Dorridge Grove, Brampton Gardens, Church Lane, The Rowe, Stanier Street, Cheswardine Road, Aston Road, Draycott Drive, Checkley Road, Trent Grove, Swanholme Way, Stubbsfield Road, as well as the following local Newcastle postcodes: NE1 3NG, NE1 2AH, NE1 3HB, NE1 3AE, NE1 1SG, NE1 1EH, NE1 2DB, NE1 3BE, NE1 3PE, NE1 2ES.
For the latest local info about Newcastle, Tyne and Wear click here
More Tyne and Wear Financial Advisors: More Whitley Bay, Houghton-le-Spring, Hetton-le-Hole, Wallsend, Sunderland, Longbenton, Tynemouth, Washington, South Shields, Whickham, Gateshead, Ryton, Newcastle, Hebburn, Jarrow and Blaydon.:
Independent financial advisor in NE1 area, telephone code 0191.
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