Financial Advisor Newcastle

Newcastle Independent Financial Advice & Investment

Financial Advisor Newcastle Tyne and Wear (NE1): Finding a good financial advisor advisor in Newcastle can be a daunting experience, in particular if you are seeking financial advice for the very first time. Whether you are searching for mortgage, pensions, investment or even insurance guidance, all financial advisors are bound by one common rule; they must all observe the regulations laid down by the Financial Conduct Authority. Any advice given through a FCA authorised financial advisor in Newcastle comes with guarantees that should anything go wrong, you can get in touch with the Financial Ombudsman Scheme or the Financial Services Compensation Scheme.

Free Newcastle Financial Advisor Quotes

A good starting place when choosing a financial advisor in Newcastle could be relatives and friends, but remember that the kind of advice you are searching for may be different to theirs. Their advice needs to be personalised to your unique circumstances, and not every financial advisor is suitable for everyone. To investigate the various options that they're offering and find a financial advisor that you can trust and feel at ease with, it pays to chat to at least three different firms, because after all selecting a financial advisor is an important decision.

Financial Advisor Newcastle Tyne and Wear (NE1)

Independent financial advisors (IFA) and restricted advisors, are the 2 main kinds of financial advisor in Newcastle. The good thing about using an independent financial advisor is that they won't be limited to just one company's services or products, and can offer a broader range of options. Covering the entire gamut of financial products and companies, independent financial advice must be offered in an unbiased and impartial way to customers. If you elect to use an independent financial advisor, you'll be able to select from the broadest possible range of products, so as to find the right solution for your needs. A restricted financial advisor could be concerned with a single product, such as a mortgage advisor, or be limited to products and services from a single firm.

Before any Newcastle financial advisor accepts you as a client, they are required by the FCA to discuss their charges with you. You could be charged by the hour, a set fee or perhaps even a percentage of your investment value, based on services you require. To enable you to discuss your goals and find out if the advisor is a right fit for your situation, a free initial consultation could be offered. If you go to one of the bigger Newcastle companies, your account could be managed by a team of advisors rather than one individual.

Financial Advisors Newcastle UK (0191)

To summarise your financial situation and ambitions to the advising company, you will need to fill out a "Fact Find" form, which is a confidential disclosure document. You will also be given a Key Facts or Initial Disclosure Document, which provides you with information about the financial advisor, their situation for offering independent or restricted advice and the scope of their permissions in the financial arena. If you aren't satisfied with the service provided, and wish to complain, this document will also lay down your legal rights and your options. It should describe precisely what you are committing yourself to, and any possible benefits and risks should you choose to take the offered advice, and it must be set down in plain English. You'll find the level of cooling-off period in this document. Within a certain time frame, this allows you to cancel your agreement with the financial advisor.

When speaking to the financial advisor initially you'll want to check their experience and qualifications. Asking these questions should not cause you any embarrassment, because after all you're entrusting them with your long-term financial wellbeing. Every financial advisor in Newcastle must present an annual Statement of Professional Standing, and must hold at least a Level 4 qualification. When you check the Financial Services Register, you should not panic if your financial advisor's name doesn't appear on there; you ought to be able to find the firm name, and that means the legislation covers all of their personnel. If these cannot be provided the individual can still offer financial guidance as opposed to financial advice. Guidance differs to advice as it's not regulated in the same way, and if financial blunders are made there will likely be no recourse to either party.

Financial Advisor Quotes in Newcastle Tyne and Wear

If you are needing advice on investing money you will be asked about the amount of risk you are willing and able to accept. High risk investments could potentially offer higher rewards, however some or all of your cash could be lost. Good quality investment and financial advice will take you savings aims into consideration, i.e. how quickly you need to access your money, long or short term investments and how much money you want to invest. "How much can you actually afford to lose?" Is the one question that you should really be asking yourself. This may affect the services and products that could be offered for your consideration, and is called your capacity for loss.

Financial Advice Near Newcastle Tyne and Wear

If you've already got any current investments, regular outgoing payments, mortgages or savings, you must tell your financial advisor about these. To ensure that you get the most suitable advice for you, they need to gather a full and clear picture of your financial situation. Diversifying your investments and savings by spreading the risk across various different products, is a crucial part of sound financial advice. In order to mirror your goals and financial circumstances, a seasoned financial advisor in Newcastle will be aware of the best areas to consider.

Communicating in the clearest possible way, your financial advisor will unveil the multifaceted world of finance and investment. This will enable you to compare products and services which meet your needs, and come to an informed decision. You can even ask your financial advisor only to specify ethical investments and savings. You will then be able to stay away from corporations that investments meet your requirements, and instead lend your support to those enterprises and companies that match your concerns, for example green energy or zero carbon.

Having a close working relationship with a financial advisor in Newcastle could cause issues with work and other obligations. This can be reduced by augmenting face-to-face meetings with telephone and video conferencing, thus enabling you to get the guidance you need at convenient times. Even if you never have a one-to-one meeting with your personal advisor, an established financial advice company in Newcastle will have stringent measures in place to keep your details secure and confidential, because home and remote working is now so common.


Investment values could go down as well as up, and this is a factor that you must always remember. If it just so happens that your investment fails to make as much money as you hoped for, it can be an extremely frustrating and worrying time. Regrettably, a downward spiral in your investment is not a recognised basis for complaint, unless it is due to wrong or misleading information from your financial advisor.

Independent Financial Advisor Near Newcastle (NE1)

The company's complaints procedure should be the place to start with any grievances, and the Key Facts Document will discuss this. If the advisor is a member of the FCA, you can let the Financial Ombudsman know about the matter if it is unresolved within the time-frame set out by the regulating body.

The Financial Ombudsman will make a ruling after independently reviewing the cause of the complaint. If the complaint is justified, a decision will be made on how to rectify or financially compensate the customer. The advisor and their firm must comply with any ruling that's made by the Ombudsman, which becomes a legally binding decision once the client has agreed to it. Any compensation laid down by the Financial Ombudsman will also take into account any trouble, upset, distress and inconvenience caused to the client during the process.

Book a Financial Advisor in Newcastle UK

Financial advice can be provided in Newcastle and also in: Coxlodge, Woolsington, Felling Shore, Jesmond, South Gosforth, Cowgate, Heaton, Fenham, Forest Hall, Shield Field, Felling, Byker, West Jesmond, Gateshead, Benton, Shieldfield, Kenton, as well as in these postcodes NE1 2DL, NE1 3JL, NE1 2TQ, NE1 3HD, NE1 2HY, NE1 3BA, NE1 2PL, NE1 2PE, NE1 2QU, NE1 3PE. Local Newcastle financial advisors will likely have the postcode NE1 and the telephone code 0191. Verifying this should confirm you're accessing locally based financial advisers. Newcastle householders will be able to utilise these and many other related services.

Pension Planning

A secure retirement necessitates pension planning as a crucial step. The process can be substantially enhanced through the involvement of a financial advisor's services. Assessing your current financial circumstances and understanding your retirement goals, a knowledgeable advisor will design a personalised pension plan. Among the complexities they navigate are the UK pension alternatives, such as the state pension, workplace pensions, and self-invested personal pensions. Informed decisions about tax implications, contributions and investment choices can be made by taking full advantage of their expertise. Ensuring that you create an effective pension plan, providing financial stability and peace of mind for your future, is achieved by working with a financial advisor in Newcastle.

The State Pension is the foundation of UK pension planning, since it provides a standard level of retirement income that is essential for many people. The number of National Insurance contributions you make over your working life will normally determine how much State Pension you will receive. It is now more essential than ever to understand the complexities of the State Pension scheme, due to changes to the State Pension age and the number of qualifying years. (42316)

Newcastle Financial Advice Services

Financial Advice Tasks Newcastle

There are a wide range of services that can be provided by your local Newcastle financial advisor including pension consolidation advice, divorce planning, unit trusts Newcastle, annuities, investment consolidation advice in Newcastle, financial services, financial analyst services, pension transfer advice, independent financial advice, trusts, portfolio management, cash flow modelling, personal financial planning in Newcastle, tax financial planning, personal pensions advice, bridging finance, will writing services, investment reviews Newcastle, inheritance tax planning, income protection Newcastle, corporate financial planning, mortgage advice Newcastle, ISA's, cheap financial advice, bereavement benefits Newcastle, personal protection in Newcastle, ethical investments, equity release advice, familt controlled trusts, savings advice in Newcastle, and lots more. Listed are just a small portion of the activities that can be conducted by a financial advisor. Newcastle professionals will be happy to tell you about their whole range of financial services.

Required Skills for Financial Advisors

  • Excellent verbal communication skills.
  • The ability to sell products and services.
  • Effective customer service skills for establishing customer needs and requirements.
  • A good level of math knowledge for creating financial packages.
  • To have the ability to use a computer and the key software programs.
  • An outstanding understanding and knowledge of economics and accounting associated with financial markets and products.
  • To be able to network and build solid relationships with customers.
  • Excellent management skills for negotiating product fees.
  • To have active listening and interpersonal skills.
  • To be thorough and pay attention to detail.
  • To be goal driven.

Financial Advisors Near Newcastle

Also find: Woolsington financial advisors, Jesmond financial advisors, Shieldfield financial advisors, Benton financial advisors, Felling Shore financial advisors, Coxlodge financial advisors, Cowgate financial advisors, South Gosforth financial advisors, Byker financial advisors, Fenham financial advisors, Felling financial advisors, Heaton financial advisors, Forest Hall financial advisors, West Jesmond financial advisors, Kenton financial advisors, Shield Field financial advisors and more. Those who are hunting for financial advice, will discover that these services are available in most of these towns and areas. People in these places can make enquiries about financial advice by going here.

Newcastle Financial Advice Services

Find a Financial Advisor in Newcastle Here
Financial Advice Enquiries in Newcastle Tyne and Wear (0191)
  • Newcastle Corporate Financial Advice
  • Newcastle Financial Services
  • Newcastle Investment Advice
  • Newcastle Trustee Investments
  • Newcastle Financial Advice
  • Newcastle Pension Advice
  • Newcastle Tax Advice
  • Newcastle Wealth Management
  • Newcastle Cheap Financial Advice
  • Newcastle Retirement Advice
  • Newcastle Inheritance Advice
  • Newcastle Financial Advice Quotes
  • Newcastle Life Insurance Advice
  • Newcastle Cashflow Analysis

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Newcastle Financial Advisor Jobs: See financial adviser jobs in Newcastle by going here: Financial Advisor Jobs Newcastle

Independent financial advisor in NE1 area, phone code 0191.

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(This financial advisor Newcastle information was revised and updated on 20-02-2024)