Financial Advisor Penzance

Penzance Independent Financial Advice & Investment

Financial Advisor Penzance Cornwall (TR18): It can be a challenging experience trying to find a first-rate independent financial advisor in Penzance, particularly if it's the first time that you're seeking financial advice. However, all professional financial advisors have one thing in common; they must all stick to the regulations laid down by the Financial Conduct Authority (FCA), whether you are looking for investment, pension, mortgage or even insurance advice. This comes with various guarantees, therefore after taking advice from a FCA authorised financial advisor in Penzance, you can seek reparation from the Financial Ombudsman or the Financial Services Compensation Scheme, if if things go awry.

Free Penzance Financial Advisor Quotes

Recommendations from relatives and friends can be a decent starting point in choosing a financial advisor in Penzance, but remember that their circumstances could be different to the type of advice you are looking for. Any advice they provide needs to be personalised to your particular situation, and every financial advisor isn't suitable for everyone. It is wise to speak with at least 3 different firms when you are selecting a financial advisor, as this is a big decision, and you need to find one that you feel comfortable with and can trust, and also explore the options they offer.

Financial Advisor Penzance Cornwall (TR18)

Restricted advisors and independent financial advisors (IFA), are the two main kinds of financial advisor in Penzance. An independent financial advisor won't be confined to a single company's services or products. Independent financial advice must be offered in an impartial way and should cover the whole spectrum of financial products and companies. This will enable you to pick from the broadest range of products to suit your needs. A restricted advisor could be tied to products and services from a specific provider, or may even focus on one particular product, as you might find with a mortgage advisor.

Before any financial advisor in Penzance accepts you as a client, they're required by the Financial Conduct Authority to discuss their charges with you. Although it can vary dependant upon the kind of service or product you're interested in, there could be an hourly rate, a set fee, or you may even be charged a percentage of what you're investing. You might be offered the possibility of a free initial consultation to allow you to discuss your aims and determine whether the advisor is suitable for your situation. Your account might be handled by a team as opposed to a single advisor, if you choose to use one of the bigger firms in Penzance.

Financial Advisors Penzance UK (01736)

To summarise your targets and financial situation to the advising company, you will have to fill in a "Fact Find" form, which is a confidential disclosure document. You should also be handed a Key Facts or Initial Disclosure Document, which gives you information regarding the financial advisor, their status to offer independent or restricted advice and the extent of their permissions in the financial market. If you are not happy with the service, and wish to submit a complaint, this document will also set down your rights and your options. It must be typed out in plain language and outline what you are signing up for, and any potential risks and benefits if you opt to accept the offered advice. You will find the level of cooling-off period in the Key Facts Document. This permits you to have a change of heart within a certain number of days, and cancel your contract with the financial advisor.

The first time you are talking with the financial advisor you should check what experience and qualifications they've got. Do not be self-conscious about asking such questions, after all you are about to entrust your financial future to their expertise. A Level 4 qualification in financial advice is the minimum required certification for any financial advisor in Penzance, and they must also be able to present you with an annual Statement of Professional Standing. When checking the Financial Services Register, you don't need to stress if your specific advisor's name does not appear on there; you should be able to find the firm name, and this means that the regulations covers all of their staff. The person may still offer financial guidance instead of advice, if these can't be presented. Guidance isn't subject to regulations in the way that financial advice is, which means that if mistakes occur the client won't have any recourse.

Financial Advisor Quotes in Penzance Cornwall

If it is investing money that you're interested in, the advisor will want to know the amount of risk you might be ready and able to accept with your hard-earned money. Larger rewards may be possible with high risk investments, however you could also lose all or some of your money. Your savings objectives will have to be taken into account if good investment and financial advice is to be given, i.e. short or long term investments, how quickly you need to access your money and how much cash you want to invest. The one question that you should ask yourself, which is often neglected, is how much you can really afford to lose. This may well affect the services and products that you're offered, and is generally known as your 'capacity for loss'.

Financial Advice Near Penzance Cornwall

Right from the start, it is imperative that you let your financial advisor know about any existing investments, savings accounts, mortgage loans or regular outgoing payments that you have. This should give a full and clear picture of your current financial circumstances, and without this the advice you get might not be the most suitable for you. Spreading the risk across a number of different products through the diversification of your savings and investments, is something that sound financial advice should embrace. Having a knowledge of the best areas to consider, a certified financial advisor will focus attention on products that most closely fit in with your financial situation and goals.

Communicating in the clearest possible way, your financial advisor will reveal the multifaceted world of investment and finance. After comparing the services and products that match your needs, you should be able to make an informed and intelligent decision. You could perhaps ask your financial advisor only to include ethical investments and savings. This not only provides you with investment possibilities, but also enables you to support green energy or zero carbon projects, and stay away from companies and businesses that don't share the same values that you do.

Having constant interactions with your financial advisor in Penzance could cause problems with work and other obligations. This can be reduced by augmenting one-on-one meetings with telephone and video conferencing, thus enabling you to seek the advice you need at times that are convenient. Even if you never have an in-person meeting with your personal advisor, any professional financial advice company in Penzance will have rigorous measures in place to ensure your details are kept secure and confidential, because remote and home working is now commonplace.


You must remember that the financial sector can be a volatile one, and the value of your investments could just as easily go down as well as up. It can be quite stressful and frustrating if your investment is not making as much money as you hoped for. Unfortunately, a downward spiraling of your investment is not a recognised cause for complaint, unless it's down to incorrect or misleading information from your financial advisor.

Independent Financial Advisor Near Penzance (TR18)

The company's official complaints procedure should be the kick off point for any disputes, and the Key Facts Document will discuss this. If the financial advisor is registered with the FCA, you can tell the Financial Ombudsman about the matter if it remains unsolved within the time schedule set by the regulating body.

After independently reviewing the cause for complaint, the Financial Ombudsman will make a ruling on the issue. If it is found that the complaint is justifiable, a decision is made on how the customer can be compensated or the situation rectified. On acceptance by the customer, the ruling will become legally binding, and the advisor and their firm must abide by it. Any compensation laid down by the Financial Ombudsman will also account for any distress, trouble, annoyance and inconvenience caused to the customer during the dispute.

Book a Financial Advisor in Penzance UK

Financial advice can be provided in Penzance and also nearby in: Newbridge, New Mill, Newlyn, Longrock, Alverton, Buryas Bridge, St Ives, Madron, Chyandour, Wherrytown, Paul, Hayle, Gulval, Ludgvan, Tredarvah, Mousehole, Heamoor, Sancreed, Trevarrack, as well as in these postcodes TR18 2HA, TR18 2AZ, TR18 2EA, TR18 2AF, TR18 2FD, TR18 2NS, TR18 2EH, TR18 2HY, TR18 2PZ, TR18 2AJ. Local Penzance financial advisors will most likely have the dialling code 01736 and the postcode TR18. Click the "enquiry" banner to get details about financial advisors in your area.

Penzance Financial Advice Services

Financial Advice Tasks Penzance

There are a wide array of services that are provided by your local Penzance financial advisor including mutual funds Penzance, divorce planning, life insurances Penzance, annuities, investment advice, personal financial planning, corporate bonds Penzance, cash flow modelling in Penzance, income protection Penzance, ethical investments in Penzance, trustee investment services in Penzance, portfolio management, unit trusts in Penzance, annuity purchases Penzance, will writing services, independent financial advice, pension drawdowns, long term care fee advice, life assurance, retirement planning in Penzance, general financial planning Penzance, pension reviews, wealth management & investments in Penzance, ISA's, investment bonds Penzance, and more.

Everyday Duties for a Financial Advisor

  • Meeting targets for sales and performance.
  • Making deals with with providers of financial products.
  • Maintaining detailed records of potential clients and transactions.
  • Keeping fully abreast of legislation changes and new products.
  • Working in collaboration with associates to gather market information, statistics and trends.
  • Frequently updating customers regarding their investments.
  • Providing counselling, education and consultation regarding finances and investments.
  • Producing in-depth financial reports.
  • Speaking to customers regarding their plans and finances.
  • Researching financial products and explaining them simply and clearly to clients.

Necessary Skills to be Financial Advisors

  • A competent level of math knowledge for producing financial plans.
  • To have the ability to listen attentively
  • Excellent management skills for negotiating product rates.
  • The ability to sell financial products and services.
  • To have excellent IT skills.
  • Outstanding skills in verbal communication.
  • To pay attention to detail and be thorough.
  • A solid understanding of economics and accounting relating to financial markets and products.
  • Effective customer service skills for identifying customer requirements and needs.
  • To have the ability to network and build relationships with customers.
  • To have a flexible approach to work.

Financial Advisors Near Penzance

Also find: Gulval financial advisors, Longrock financial advisors, Ludgvan financial advisors, Buryas Bridge financial advisors, Heamoor financial advisors, Alverton financial advisors, New Mill financial advisors, Wherrytown financial advisors, Trevarrack financial advisors, Sancreed financial advisors, Chyandour financial advisors, Tredarvah financial advisors, Madron financial advisors, Paul financial advisors, Mousehole financial advisors and more. Financial advisors are available for consultations in pretty much all of these locations. Homeowners in the region can make enquiries about financial advice by going here.

Penzance Financial Advice Services

Find a Financial Advisor in Penzance Here
Financial Advice Enquiries in Penzance Cornwall (01736)
  • Penzance Investment Advice
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  • Penzance Cheap Financial Advice
  • Penzance Mortgage Advice
  • Penzance Inheritance Advice
  • Penzance Retirement Planning
  • Penzance Cashflow Analysis
  • Penzance Estate Planning
  • Penzance Pension Advice
  • Penzance Corporate Financial Advice
  • Penzance Tax Advice
  • Penzance Trustee Investments
  • Penzance Wealth Management

If you would like to get local info relating to Penzance, Cornwall check here

Independent financial advisor in TR18 area, telephone code 01736.

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(This financial advisor Penzance article was successfully updated on 20-02-2024)