Financial Advisor Peterhead

Peterhead Independent Financial Advice & Investment

Financial Advisor Peterhead Scotland (AB42): It can be an intimidating experience trying to locate a reliable independent financial advisor in the Peterhead area, particularly if it is the very first time that you are seeking financial advice. Whether it is pensions, mortgage, investments or even insurance advice that you are searching for, there is one common rule for all professional financial advisors; they all have to abide by FCA (Financial Conduct Authority) regulations. The benefit of this is that if a financial advisor who is FCA certified gives you poor advice, and anything goes wrong, you have guarantees, and are able to contact the Financial Ombudsman Scheme or the Financial Services Compensation Scheme to get it put right.

Free Peterhead Financial Advisor Quotes

When choosing a financial advisor in Peterhead, a good starting point could be friends and family, however you must remember that your circumstances may not be in line with theirs, and you may need a different sort of advice. Any advice they provide needs to be adapted to your particular circumstances, and every financial advisor is not suitable for everyone. It is wise to speak with at least 3 different companies when you are picking a financial advisor, as this is an important decision, and you will be looking to find one that you can trust and feel comfortable with, and at the same time check out the options they offer.

Financial Advisor Peterhead Scotland (AB42)

There are two principal kinds of financial advisor in Peterhead; restricted advisors and independent financial advisors (IFA). The good thing about using an IFA is that they should not be limited to the products or services of a single company, and can offer a more extensive range of options. Independent financial advice must encompass the full gamut of financial products and companies, and must be given in an unbiased way. If you decide to use an independent financial advisor, you will be able to select from the widest possible array of products, in order to find the ideal solution for you. A restricted advisor might be concerned with an individual product, as with a mortgage advisor, or be limited to services and products from one particular firm.

The FCA requires that any financial advisor in Peterhead must discuss their charges with you, before accepting you as a client. Contingent on the kind of services you're looking for, you could be charged by the hour, a set fee or maybe even a percentage of your investment. A free first consultation will sometimes be offered, so that you can discuss your goals and situation to find out if the advisor is the right fit. If you use one of the bigger Peterhead firms, your account may be managed by a team of advisors rather than just one person.

Financial Advisors Peterhead UK (Dialling code	01779)

You will have to complete a "Fact Find" document, which is a confidential disclosure form relating your financial situation and aims to the advising firm. To provide details about the financial advisor, their status to offer restricted or independent advice and their scope of permissions in the financial sector, you'll also be given a Key Facts or Initial Disclosure Document. This document will also lay down your own rights and the options you can take if you're not satisfied with the service provided, and wish to submit a complaint. It should detail what you are signing up for, and any potential risks and benefits if you choose to accept the offered advice, and it should be set down in plain English. The Key Facts Document must also inform you about the level of cooling-off period. This allows you to change your mind within a specific time period, and cancel your agreement with the financial advisor.

The very first time you're talking with the financial advisor you should check what experience and qualifications they've got. Asking such questions should never be a cause for embarrassment, because after all you are about to entrust them with your financial wellbeing. A Level 4 qualification in financial advice is the minimum required qualification for any Peterhead financial advisor, and they must also be able to present an annual Statement of Professional Standing. When you check the Financial Services Register, you should not freak out if your particular financial advisor's name does not show up on there; you will probably locate the firm name, and that means the regulations covers all of their employees. The person can still offer financial guidance rather than advice, if these can't be provided. Guidance is not regulated in the same way as financial advice, which means that if mistakes are made the client won't have any recourse.

Financial Advisor Quotes in Peterhead Scotland

If it is investing money that you are interested in, your advisor will enquire about the level of risk you might be prepared to take on with your hard-earned money. Higher risk investments could offer higher rewards, but all or some of your money could be lost. Good quality investment and financial advice will take you savings aims into consideration, i.e. how much you have to invest, long or short term investments and how rapidly you need access to your money. The one question that you should ask of yourself, which is frequently neglected, is how much you can afford to lose. Known as your 'capacity for loss', this will most likely influence the services and products that you are offered.

Financial Advice Near Peterhead Scotland

If you've already got any current mortgage loans, savings accounts, regular outgoings or investments, you must let your financial advisor know about these. This should give a clear picture of your financial situation, without which the advice given might not be the best for you. Spreading the risk load across various different products by diversifying your investments and savings, is something that sound financial advice should allow for. A qualified financial advisor in Peterhead will have the knowledge of the best products to consider, which reflect your goals and your financial situation.

Communicating in the clearest way possible, your financial advisor will lay bare the complex world of finance and investment. You should be in a position to make an informed and educated decision when you have learned about the various products and services which meet your needs. If you're mind is firmly on the environment, you could even ask your advisor to stick to ethical savings and investment schemes. This does not just give you investment opportunities, but also allows you to support renewable energy or zero carbon projects, and keep away from businesses that do not share the same values that you do.

Having constant interactions with your financial advisor in Peterhead could create issues with your work day and other obligations. One-on-one meetings can be backed up with phone calls and video conferencing to enable you to get advice at a time to suit you. A professional financial advice firm in Peterhead will have stringent measures in place to keep your details confidential and secure, even if you hardly ever have a face-to-face meeting with your advisor, because remote and home working is no longer unusual.


Investment values could drop as well as rise, and this is a factor that you need to remember. If it just so happens that your investment fails to make as much money as you were hoping for, it can be a stressful and frustrating time. A downward spiraling of your investment isn't seen as a basis for complaint, unless your advisor has given you incorrect or misleading information.

Independent Financial Advisor Near Peterhead (AB42)

As outlined in the Key Facts Document, any complaints should start out with the firm's official complaints procedure. If your financial advisor is a member of the Financial Conduct Authority, you can inform the Financial Ombudsman of the problem if it remains unsolved within the time set by the regulating authority.

The Financial Ombudsman will look into the cause for complaint and come to a decision. If the complaint is upheld, a decision is made on how to financially compensate the client. Once the decision has been accepted by the client it becomes a legally binding decision that the advisor and their firm, must comply with. Any compensation as set out by the Financial Ombudsman will also take into account any distress, annoyance, inconvenience and hassle caused to the client during the process.

Book a Financial Advisor in Peterhead UK

Financial advice can be provided in Peterhead and also nearby in: Auchnagatt, Mintlaw, Strichen, Stirling, New Pitsligo, Stuartfield, Invernettie, Cruden Bay, Maud, Blackhills, St Fergus, Crimond, Hatton, New Deer, Boddam, Longside, and in these postcodes AB42 1GF, AB42 1EN, AB42 1QL, AB42 1PD, AB42 1HL, AB42 1NF, AB42 1AD, AB42 1QJ, AB42 1FP, AB42 1HE. Local Peterhead financial advisers will most likely have the dialling code Dialling code 01779 and the postcode AB42. Checking this out can confirm you're accessing locally based financial advisers. Peterhead householders are able to utilise these and countless other finance related services. Click the "enquiry" form or banner to get details about financial advisors in your location.

Pension Planning

Pension planning is a key step towards a secure retirement. Engaging a financial advisor's services can significantly improve this process. Understanding your retirement goals, an experienced advisor will assess your current financial circumstances and design a customised pension strategy. They handle the intricacies of UK pension choices, which encompass the state pension, workplace pensions, and self-invested personal pensions. Making informed decisions about contributions, investment choices and tax implications can be achieved by leveraging their expertise. Working with a financial advisor in Peterhead guarantees the creation of a robust pension plan, providing peace of mind and financial stability for your future.

UK pension planning revolves largely around the State Pension, which is a government-backed scheme that provides a standard level of retirement income. The amount of State Pension you receive will generally depend on how many National Insurance contributions you have made over your working life. The complexities of the State Pension scheme have become essential to understand, due to changes to the State Pension age and the number of qualifying years. (42316)

Required Skills for a Financial Advisor

  • Good customer service skills for establishing customer needs.
  • To pay attention to detail and be thorough.
  • Attentive interpersonal and listening skills.
  • To be able to network and build solid relationships with clients.
  • A competent level of math knowledge for developing financial strategies.
  • To have good IT skills.
  • The ability to promote services and products.
  • Excellent skills in verbal communication.
  • Effective business management skills for the negotiation of product prices.
  • To have a flexible work ethic.
  • A good knowledge and understanding of accounting and economics with regard to financial products and markets.

Peterhead Financial Advice Services

Financial Advice Tasks Peterhead

There is a range of services which are provided by your local Peterhead financial advisor including divorce financial planning, equity release, financial analyst services, independent financial advice, wealth management, pension drawdowns, multi-asset portfolios in Peterhead, life insurance advice in Peterhead, familt controlled trusts Peterhead, trustee investment services, ISA's in Peterhead, annuities, trusts, portfolio management in Peterhead, business financial planning in Peterhead, tax planning in Peterhead, annuity purchases, long term care fee advice, pension transfer advice, inheritance tax planning Peterhead, general financial planning Peterhead, investment bonds, financial services, pension plans Peterhead, bridging finance Peterhead, income protection advice, saving for children, ethical investments, corporate bonds, offshore investments Peterhead, and more. These are just a few of the activities that can be undertaken by a financial advisor. Peterhead professionals will be happy to tell you about their whole range of financial services.


Financial Advisors Near Peterhead

Also find: Boddam financial advisors, Auchnagatt financial advisors, Longside financial advisors, New Pitsligo financial advisors, Mintlaw financial advisors, Hatton financial advisors, Invernettie financial advisors, Strichen financial advisors, New Deer financial advisors, Stuartfield financial advisors, Blackhills financial advisors, Crimond financial advisors, St Fergus financial advisors, Maud financial advisors, Cruden Bay financial advisors and more. Financial advisors are available for discussions in most of these villages and towns. Property owners in these areas can make enquiries about financial advice by clicking here.

Peterhead Financial Advice Services

Find a Financial Advisor in Peterhead Here
Financial Advice Enquiries in Peterhead Scotland (Dialling code	01779)
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Peterhead Financial Advisor Jobs: Browse financial advisor jobs in Peterhead here: Peterhead Financial Advisor Jobs

Independent financial advisor in AB42 area, (dialling code Dialling code 01779).

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(This financial advisor Peterhead page was edited and updated on 20-02-2024)