Financial Advisor Ottery St Mary

Ottery St Mary Independent Financial Advice & Investment

Financial Advisor Ottery St Mary Devon (EX11): If you're in search of financial advice for the very first time, trying to find a first-rate independent financial advisor in the Ottery St Mary area can be an intimidating experience. Whether you are looking for mortgage, pensions, investments or even insurance guidance, all financial advisors have one thing in common; they must all stick to the regulations laid down by the Financial Conduct Authority. This comes with certain guarantees, so after getting advice from a FCA authorised financial advisor in Ottery St Mary, you can seek reparation from the Financial Ombudsman or the Financial Services Compensation Scheme, if if things go awry.

Free Ottery St Mary Financial Advisor Quotes

When selecting a financial advisor in Ottery St Mary, a decent place to start could be family and friends, however you must keep in mind that your situation might not be in line with theirs, and you may need a different kind of advice. Every financial advisor isn't suitable for everyone, and their advice should be tailored to your unique situation. To explore the various options they are offering and find a financial advisor you feel comfortable with and can trust, it is a good idea to talk to at least 3 different companies, because after all picking a financial advisor is a big decision.

Financial Advisor Ottery St Mary Devon (EX11)

There are two principal types of financial advisor in Ottery St Mary; restricted advisors and independent financial advisors. The advantage of using an independent financial advisor is that they should not be confined to just one company's services and products, and can offer a wider range of options. Independent financial advice must cover the entire spectrum of financial companies and products, and must be given in an impartial way. If you decide to use an IFA, you will be able to choose from the broadest possible array of products, in order to find the ideal solution for you. If you go to a restricted advisor you will soon realise that they may be limited to products and services of a specific company, or as with a mortgage advisor, might only be concerned with one solitary product.

Before accepting you as a client, any Ottery St Mary financial advisor must discuss their charges with you, as required by the FCA. Dependant upon the type of service you're interested in, you could be charged by the hour, a set fee or even a percentage of your investment. A free initial consultation might be offered, so you can discuss your goals and situation to see if the advisor is the right choice. Your account might be handled by a team rather than a single advisor, if you choose to go with one of the larger firms in Ottery St Mary.

Financial Advisors Ottery St Mary UK (01404)

To describe your financial situation and objectives to the advising firm, you will be asked to fill out a "Fact Find" form, which is a confidential disclosure document. To provide information on the financial advisor, their status to offer restricted or independent advice and the scope of their permissions in the financial market, you'll also be handed a Key Facts or Initial Disclosure Document. If you're not happy with the service, and wish to complain, this document should also lay out your own rights and the possible options you can take. It should be easily understood, written in plain language, and explain exactly what you are signing up for, together with the benefits and risks of accepting the proffered advice. You'll find the level of cooling-off period in this document. This enables you to cancel your agreement within a certain number of days, and if any penalties have to be paid.

When talking to the financial advisor for the first time make sure you check their experience and qualifications. Asking these questions shouldn't cause you any embarrassment, because after all you're about to entrust them with your financial future. A Level 4 qualification is the minimum required qualification for any financial advisor in Ottery St Mary, and they also have to be able to present an annual Statement of Professional Standing. When checking the Financial Services Register, don't freak out if your specific financial advisor's name does not show up on there; you should be able to locate the firm name, and that means the legislation covers all of their employees. The individual can still offer financial guidance rather than advice, if these can't be provided. Guidance isn't regulated in the same way as financial advice, meaning that if mistakes occur neither party will have any recourse.

Financial Advisor Quotes in Ottery St Mary Devon

If you are seeking advice on investing money you will be asked about the level of risk you are prepared to take. Higher rewards may be possible with higher risk investments, but you stand a greater chance of losing all or some of your capital. Your savings objectives will need to be considered if good investment advice is to be given, i.e. how much you have to invest, short or long term investments and how quickly you need to access your money. The one question that you should ask yourself, which is normally overlooked, is how much money you can actually afford to lose. This is sometimes referred to as your capacity for loss and may influence the products and services that could be offered for your consideration.

Financial Advice Near Ottery St Mary Devon

If you already have any current mortgages, savings accounts, investments or regular payments, you should tell your financial advisor about these. This will give a clear picture of your current financial circumstances, and without this the advice you are given might not be the most suitable for you. Spreading the risk across various products through the diversification of your savings and investments, is something that reliable financial advice should embrace. A competent financial advisor in Ottery St Mary will understand the best areas to consider, which mirror your goals and your financial situation.

Your financial advisor will communicate in as much plain speech as possible, to unveil the complex world of finance. This will help you to compare products and services that match your needs, and come to an informed decision. If you are environmentally minded, you can ask your advisor to stick to ethical investment and savings schemes. You can then avoid investments that firms meet your requirements, and instead support those enterprises and companies that match your concerns, for example green energy or zero carbon.

Establishing a close working relationship with a financial advisor in Ottery St Mary could create problems with your work day and other obligations. This can be reduced by supplementing face-to-face appointments with telephone and video conferencing, hence enabling you to seek the advice you need at convenient times. Any professional financial advice company in Ottery St Mary will have rigorous measures in place to ensure your details are kept confidential and secure, even if you rarely have a one-on-one meeting with your personal advisor, because home and remote working is now so common.


The value of your investments can fall as well as rise, and this is a factor that you need to keep in mind. If it just so happens that your investment fails to make as much money as you hoped for, it can be an extremely stressful and demoralising time. However, except if it is owing to wrong or misleading information from your advisor a downward spiraling of your investment is not seen as a basis for complaint.

Independent Financial Advisor Near Ottery St Mary (EX11)

The firm's official complaints procedure should be the kick off point for any disputes, and the Key Facts Document should explain this. You can tell the Financial Ombudsman about the issue if it is unsolved within the time period laid down by the regulating body, and your advisor is registered with the FCA.

After independently reviewing the cause for complaint, the Financial Ombudsman will make a ruling on the issue. A decision is made on how to rectify the situation or financially compensate the client, if the complaint is justified. The financial advisor and their firm must abide by any ruling that's made by the Ombudsman, which becomes a legally binding decision once the client has agreed to it. The Ombudsman will also consider any inconvenience, annoyance, hassle and distress caused to the client during the situation, and set the level of compensation proportionately.

Book a Financial Advisor in Ottery St Mary UK

Financial advice can be provided in Ottery St Mary and also in: Taleford, Fairmile, Higher Metcombe, Wiggaton, Alfington, Fenny Bridges, West Hill, East Hill, Fluxton, Whimple, Lancercombe, Clyst St Lawrence, Perkin's Village, Feniton, Metcombe, Sidbury, Cadhay, Aller Grove, Cobden, Putts Corner, Gosford, Rockbeare, Aylesbeare, Southbrook, as well as in these postcodes EX11 1DX, EX11 1ET, EX11 1AD, EX11 1TE, EX11 1HW, EX11 1JQ, EX11 1RD, EX11 1ES, EX11 1AJ, EX11 1HD. Locally based Ottery St Mary financial advisors will most likely have the dialling code 01404 and the postcode EX11. Verifying this will ensure you access local financial advisers. Ottery St Mary home and business owners are able to utilise these and many other finance related services.

Pension Planning

Taking a crucial step towards a secure retirement involves pension planning. Engaging a financial advisor's services can significantly enhance this process. Assessing your current financial situation, a qualified advisor will understand your retirement goals and design a personalised pension strategy. They handle the complexities of UK pension alternatives, which encompass workplace pensions, the state pension, and SIPPs (self-invested personal pensions). To make informed decisions about investment choices, tax implications and contributions, you can take advantage of their expertise. Working with a financial advisor in Ottery St Mary ensures that you create an effective pension plan, providing financial stability and peace of mind for your future. (61324)

A Financial Advisor's Regular Tasks

  • Providing counselling, education and consultation with regards to finances and investments.
  • Meeting targets for sales and performance.
  • Talking with clients about their finances and plans.
  • Updating clients regarding their investments.
  • Keeping up to date with new financial products and regulation changes.
  • Researching financial products and explaining them simply and clearly to customers.
  • Maintaining detailed records of transactions and clients.
  • Producing detailed financial reports.
  • Working together with associates to obtain market information, trends and statistics.
  • Collaborating with financial product providers.

Required Skills for a Financial Advisor

  • To be target driven.
  • To pay attention to detail and be thorough.
  • To be able to network and build relationships with customers.
  • Good customer service skills for identifying customer needs and requirements.
  • To have good IT skills.
  • A good level of maths knowledge for developing financial packages.
  • Excellent business management skills for the negotiation of product fees.
  • To be good at promoting financial services and products.
  • A good understanding and knowledge of accounting and economics relating to financial markets and products.
  • To have active interpersonal and listening skills.
  • Excellent verbal communication skills.

Ottery St Mary Financial Advice Services

Financial Advice Tasks Ottery St Mary

There is a wide range of services which are provided by your local Ottery St Mary financial advisor including investment planning Ottery St Mary, cashflow analysis, investing an inheritance, corporate bonds, offshore investment advice, financial services, investment bonds, financial planning, critical illness cover, multi-asset portfolios, equity release advice Ottery St Mary, business financial planning, cheap financial advice, financial analyst services in Ottery St Mary, pension consolidation advice, independent financial advice, retirement plans Ottery St Mary, trusts, wealth management, tax planning, inheritance tax planning, saving for children Ottery St Mary, ethical investment advice Ottery St Mary, savings advice Ottery St Mary, personal financial planning in Ottery St Mary, portfolio management, family income benefit, will writing services, trustee investment services in Ottery St Mary, income protection advice, and more. These are just a few of the duties that can be performed by a financial advisor. Ottery St Mary professionals will be happy to tell you about their full range of services.


Financial Advisors Near Ottery St Mary

Also find: Rockbeare financial advisors, Wiggaton financial advisors, Sidbury financial advisors, Perkin's Village financial advisors, Fenny Bridges financial advisors, Clyst St Lawrence financial advisors, East Hill financial advisors, Fairmile financial advisors, Feniton financial advisors, Lancercombe financial advisors, Gosford financial advisors, Aylesbeare financial advisors, Higher Metcombe financial advisors, Cobden financial advisors, Cadhay financial advisors, Taleford financial advisors, Putts Corner financial advisors, Alfington financial advisors, West Hill financial advisors, Aller Grove financial advisors, Whimple financial advisors, Fluxton financial advisors, Southbrook financial advisors, Metcombe financial advisors and more. People who are looking for financial advice, will discover that these types of services are readily available in all of these towns and villages. Home and business owners in these places can make enquiries about financial advice by going here.

Ottery St Mary Financial Advice Services

Find a Financial Advisor in Ottery St Mary Here
Financial Advice Enquiries in Ottery St Mary Devon (01404)
  • Ottery St Mary Life Insurance Advice
  • Ottery St Mary Estate Planning
  • Ottery St Mary Trustee Investments
  • Ottery St Mary Financial Advice
  • Ottery St Mary Inheritance Advice
  • Ottery St Mary Mortgage Advice
  • Ottery St Mary Financial Services
  • Ottery St Mary Corporate Financial Planning
  • Ottery St Mary Tax Advice
  • Ottery St Mary Financial Advice Quotes
  • Ottery St Mary Investment Advice
  • Ottery St Mary Cheap Financial Advice
  • Ottery St Mary Retirement Advice
  • Ottery St Mary Pension Advice

If you need local info about Ottery St Mary, Devon click here

Independent financial advisor in EX11 area, phone code 01404.

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(This financial advisor Ottery St Mary content was reviewed and updated on 20-02-2024)