Financial Advisor Penwortham

Penwortham Independent Financial Advice & Investment

Financial Advisor Penwortham Lancashire (PR1): It can be an intimidating experience trying to locate a reliable independent financial advisor in Penwortham, especially if it's the very first time that you are seeking financial advice. Nevertheless, all professional financial advisors have one thing in common; they all have to stick to the regulations laid down by the FCA (Financial Conduct Authority), whether you are looking for investments, mortgage, pension or even insurance guidance. Any advice given by a FCA certified financial advisor in Penwortham comes with the guarantee that if things go wrong, you can contact the Financial Ombudsman or the Financial Services Compensation Scheme.

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Recommendations from friends and relatives can be a decent starting place in choosing a financial advisor in Penwortham, but keep in mind that their circumstances may be different to what you are looking for. Not every financial advisor is suitable for everyone, and any advice they provide needs to be personalised to your particular circumstances. To investigate the various options that they can provide and find a financial advisor that you can trust and feel comfortable with, it is wise to talk with at least three different firms, because after all picking a financial advisor is an important decision.

Financial Advisor Penwortham Lancashire (PR1)

When it comes to picking a financial advisor in Penwortham, there are essentially two principal types; independent financial advisors and restricted advisors. Offering a more extensive range of options, an independent financial advisor should not be restricted to the products or services of a single provider. Independent financial advice should be offered in an unbiased way and should cover the whole gamut of financial companies and products. Using an independent financial advisor should allow you to choose between the widest possible range of services. A restricted advisor might be limited to services and products from a single provider, or might even focus on just one product, as can be the case with a mortgage advisor.

The Financial Conduct Authority requires that any financial advisor in Penwortham must be transparent about their charges, before accepting you as a client. Although it varies determined by the type of product or service you're looking for, there may be a set fee, an hourly rate, or you might even be charged a percentage of what you are investing. A free initial consultation will sometimes be offered, so that you can discuss your goals and situation to find out if the advisor is the right choice. If you go to one of the bigger Penwortham companies, your account could be handled by a team of advisors rather than one person.

Financial Advisors Penwortham UK (01772)

To summarise your objectives and financial situation to the advising firm, you will have to fill in a "Fact Find" document, which is a confidential disclosure form. A Key Facts Document, or Initial Disclosure Document will also be handed to you, providing information regarding the financial advisors themselves, detailing their range of permissions in the financial arena and their situation for offering independent or restricted advice. If you're not satisfied with the service, and wish to submit a complaint, this document should also set down your own legal rights and the possible options you can take. It must be easy to understand, written in plain English, and explain exactly what you're committing yourself to, along with the risks and benefits of accepting the proffered advice. The cooling-off period should also be spelled out in this document. Within a certain time period, this makes it possible for you to cancel the contract with your financial advisor.

The very first time you're talking with your financial advisor you should check what experience and qualifications they've got. Do not be embarrassed about asking such questions, after all you are just about to entrust your financial future to their skill. Every Penwortham 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 advisor's name does not show up on the Financial Services Register, providing the firm is listed on the register, their personnel are covered by the regulations. The individual can still offer financial guidance instead of advice, if these cannot be presented. In financial terms guidance differs to advice and is not regulated. Therefore there is no recourse for the client if mistakes arise.

Financial Advisor Quotes in Penwortham Lancashire

You will be asked about the level of risk you're ready to accept, if you are seeking advice on investing money. Higher risk investments may offer substantial rewards, however all or some of your funds could be lost. In order to get the very best investment and financial advice, your savings goals will have to be considered, i.e. how much cash you want to invest, how quickly you need to access your money and long or short term investments. The one question that you should ask of yourself, which is usually neglected, is just how much you can really afford to lose. This is sometimes referred to as your 'capacity for loss' and may well affect the products and services that are offered to you.

Financial Advice Near Penwortham Lancashire

From the outset, it's vital that you let your financial advisor know about any existing regular outgoing payments, savings accounts, investments or mortgage loans that you have. This should give a clear and full picture of your current financial situation, and without this the advice you're given will most likely not be the most suitable for you. The diversification of your investments and savings by spreading the risk load across various products, is a crucial part of sound financial advice. A seasoned financial advisor in Penwortham will be aware of the best areas to consider, which mirror your goals and your financial situation.

Your financial advisor will communicate in as plain a speech as possible, while opening up the complex world of finance. After learning about the various services and products which match your needs, you should be able to make an informed and knowledgeable decision. You could ask your advisor only to specify ethical investments and savings. This allows you to lend support to organisations and companies that address your concerns, i.e. zero carbon or renewable energy, or perhaps steering clear of firms that do not meet your criteria.

Having constant interactions with a financial advisor in Penwortham could create issues with your work day and other commitments. This can be alleviated by augmenting face-to-face meetings with telephone calls and video conferencing, hence allowing you to seek the advice you need at a convenient time. Even if you hardly ever have a face-to-face meeting with your personal advisor, a professional financial advice firm in Penwortham will have strict measures in place to keep your details confidential and secure, because remote and home working is now so common.


You need to understand that the financial sector can be a volatile one, and investment values can just as easily go down as well as up. It can be incredibly demoralising and stressful if your investment is not making as much money as you hoped for. Sadly, a downward spiral in your investment is not a recognised basis for complaint, except if it is because of misleading or incorrect information from your advisor.

Independent Financial Advisor Near Penwortham (PR1)

The company's complaints procedure should be the starting point for any disputes, and the Key Facts Document should explain this. You can tell the Financial Ombudsman about the situation if it is unresolved within the time set out by the regulating body, and the advisor is registered with the Financial Conduct Authority.

The Financial Ombudsman will look into the cause of the complaint and come to a decision. If it's found that the complaint is legitimate, a decision will be made on how the customer can be compensated or the situation rectified. Once agreed on by the customer, the decision becomes legally binding, and the advisor and their firm must comply with it. The Ombudsman will also consider any annoyance, hassle, inconvenience and distress caused to the client during the dispute, and establish the level of compensation proportionately.

Book a Financial Advisor in Penwortham UK

Financial advice can be provided in Penwortham and also in nearby places like: Penwortham Lane, Ashton-on-Ribble, Lea, Freckleton, Preston, Bamber Bridge, Walmer Bridge, Longton, Whitestake, Fulwood, Howick Cross, Hutton, New Longton, Lostock Hall, Lower Penwortham, Moss Side, as well as in these postcodes PR1 0LT, PR1 0HS, PR1 0XT, PR1 0TH, PR1 9AP, PR1 0YH, PR1 0SD, PR1 0JJ, PR1 0EB, PR1 0UX. Locally based Penwortham financial advisers will likely have the telephone dialling code 01772 and the postcode PR1. Checking this out should guarantee you access locally based financial advisers. Penwortham home and business owners can utilise these and numerous other related services.

Pension Planning

Vital for a secure retirement is pension planning. This process can be considerably improved by enlisting the services of a financial advisor. A qualified advisor, understanding your retirement objectives, will assess your current financial circumstances and design a customised pension strategy. Navigated by them are the intricacies of the UK's pension alternatives, which encompass workplace pensions, the state pension, and self-invested personal pensions (SIPPs). Making informed decisions about contributions, investment choices and tax implications can be achieved by taking full advantage of their expertise. To create an effective pension plan, providing financial stability and peace of mind for your future, working with a financial advisor in Penwortham is essential.

The State Pension is the foundation of UK pension planning, as it provides a basic level of retirement income that is essential for most individuals. The number of National Insurance contributions you make over your working life will usually determine how much State Pension you will receive. However, the changes to the State Pension age and the number of qualifying years required have made it more important than ever to understand the complexities of this scheme. (42316)

Penwortham Financial Advice Services

Financial Advice Tasks Penwortham

There are a wide range of services that are provided by your local Penwortham financial advisor including offshore investments in Penwortham, investing an inheritance, money planning, financial analyst services, long term care fee advice, pension consolidation advice, ethical investments in Penwortham, bridging finance, trustee investment services, personal protection Penwortham, cashflow analysis in Penwortham, investment reviews, saving for children in Penwortham, financial services, pension reviews in Penwortham, portfolio management in Penwortham, corporate bonds, cash flow modelling, investment consolidation advice, general financial planning, personal pensions advice, trusts, mutual funds, multi-asset portfolios, ISA's, pension planning, life insurances in Penwortham, cheap financial advice Penwortham, family income benefit, business protection in Penwortham, and lots more. Listed are just a small portion of the tasks that can be accomplished by a financial advisor. Penwortham professionals will inform you of their whole range of financial services.


Financial Advisors Near Penwortham

Also find: Moss Side financial advisors, Walton-le-Dale financial advisors, Penwortham Lane financial advisors, Lea financial advisors, Howick Cross financial advisors, Hutton financial advisors, Lostock Hall financial advisors, Whitestake financial advisors, Lower Penwortham financial advisors, Bottom of Hutton financial advisors, Ashton-on-Ribble financial advisors and more. Financial advisors are available for consultation services in all of these areas. Home and property owners in these places can make enquiries about financial advice by going here.

Penwortham Financial Advice Services

Find a Financial Advisor in Penwortham Here
Financial Advice Enquiries in Penwortham Lancashire (01772)
  • Penwortham Independent Financial Advice
  • Penwortham Wealth Management
  • Penwortham Life Insurance Advice
  • Penwortham Cashflow Analysis
  • Penwortham Financial Advice Quotations
  • Penwortham Inheritance Advice
  • Penwortham Financial Services
  • Penwortham Trustee Investments
  • Penwortham Mortgage Advice
  • Penwortham Investment Advice
  • Penwortham Estate Planning
  • Penwortham Pension Advice
  • Penwortham Corporate Financial Planning
  • Penwortham Cheap Financial Advice

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Independent financial advisor in PR1 area, (dialling code 01772).

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(This financial advisor Penwortham content was successfully updated on 20-02-2024)