Financial Advisor Plymouth

Plymouth Independent Financial Advice & Investment

Financial Advisor Plymouth Devon (PL1): It can be an intimidating experience trying to find a decent financial advisor advisor in the Plymouth area, in particular if it is the very first time that you're in search of financial advice. Whether it's mortgage, investment, pensions or even insurance advice that you are after, there is one common rule for all qualified financial advisors; they all have to comply with FCA (Financial Conduct Authority) regulations. The benefit of this is that should a financial advisor who is FCA authorised give you poor quality advice, and things go wrong, you've got guarantees, and can get in touch with the Financial Services Compensation Scheme or the Financial Ombudsman to get things put right.

Free Plymouth Financial Advisor Quotes

When picking a financial advisor in Plymouth, a decent starting point could be friends and family, but you must bear in mind that your situation might not be the same as theirs, and you might be in need of a different type of advice. Financial advice must be individually tailored to your particular situation, and you'll discover that certain financial advisors may not be suitable for your requirements. Picking a financial advisor is a big decision and it is a good idea to speak with at least 3 different firms so as to investigate the options they provide, and to find one you can trust and feel comfortable with.

Financial Advisor Plymouth Devon (PL1)

When it comes to picking a financial advisor in Plymouth, there are essentially 2 main types; restricted advisors and independent financial advisors. The advantage of seeing an IFA is that they will not be confined to just one provider's products and services, and can offer a more diverse range of options. Independent financial advice must be provided in an unbiased way and should cover the whole gamut of financial companies and products. If you elect to use an IFA, you'll be able to pick from the broadest possible range of services, in order to find the perfect solution for you. If you go to a restricted financial advisor you'll soon realise that they may be restricted to products and services of one particular company, or as with a mortgage advisor, might only be involved with one product.

The Financial Conduct Authority demands that any financial advisor in Plymouth must be fully transparent with you about their charges, before taking you on as a client. Although it can vary according to the type of product or service you require, there may be a set fee, an hourly rate, or you might even be charged a specific percentage of what you are investing. To enable you to discuss your goals and find out if the advisor is the correct fit for your situation, you will sometimes be offered the chance of a free preliminary consultation. If you use one of the larger Plymouth companies, your account may be managed by a team of advisors rather than one person.

Financial Advisors Plymouth UK (01752)

You'll be asked to fill in a "Fact Find" document, which is a confidential disclosure form relating your financial situation and objectives to the advising company. To provide information about the financial advisor, their situation for offering independent or restricted advice and their scope of permissions in the financial arena, you'll also be handed an Initial Disclosure, or Key Facts Document. If you're not happy with the service provided, and wish to make a complaint, this document will also lay down your own legal rights and the possible options you can take. It has to be easy to understand, written in plain English, and explain exactly what you are signing up for, along with the risks and benefits of taking the proffered advice. You will find the amount of cooling-off period in the Key Facts Document. This allows you to have a change of heart within a certain time period, and cancel your contract with the financial advisor.

When chatting with the financial advisor initially you need to check their qualifications and experience. Asking such questions shouldn't be a cause for embarrassment, because you're entrusting them with your financial future. Every Plymouth financial advisor must be in a position to present an annual Statement of Professional Standing, and must hold at least a Level 4 qualification. Don't worry if your financial advisor's name does not appear on the Financial Services Register, so long as the company is on the register, their employees are covered by the regulations. The person may still offer financial guidance as opposed to advice, if these can't be presented. Guidance is different to advice as it's not regulated in the same way, and if errors are made there may be no recourse to the client.

Financial Advisor Quotes in Plymouth Devon

If it is investing money that you are interested in, the advisor will want to know the level of risk you might be prepared to take on with your hard-earned money. High risk investments could offer better rewards, but all or some of your cash could be lost. Good financial and investment advice should take into account your savings aims, i.e. short or long term investments, how quickly you need access to your funds and how much you have to invest. One question you should ask yourself, which is frequently neglected, is just how much money you can really afford to lose. This is sometimes referred to as your 'capacity for loss' and might affect the services and products that could be offered for your consideration.

Financial Advice Near Plymouth Devon

If you've already got any existing investments, regular payments, savings accounts or mortgages, you should let your financial advisor know about these. This will provide a clear and full picture of your current financial situation, without which the advice given may not be the best for you. Good financial advice should include diversifying your investments and savings by spreading the risk load across various products. Having a knowledge of the best areas to consider, a professional financial advisor will favour products that match your goals and financial circumstances.

A financial advisor will lay bare the multifaceted world of finance, and speak in as plain a speech as possible. After comparing the various services and products that match your needs, you should be able to come to an informed and considered decision. If you're environmentally minded, you can perhaps ask your advisor to stick to ethical investments and savings. This allows you to support companies and enterprises which match your concerns, e.g. renewable energy or zero carbon, or perhaps steering clear of businesses that don't meet your requirements.

Working closely with your financial advisor in Plymouth can be tricky to fit in around your work life and other responsibilities. To enable you to get advice at a time to suit you, face-to-face meetings can be complemented with video conferencing and telephone calls. A competent financial advice provider in Plymouth will have stringent measures in place to ensure your details are kept secure and confidential, even if you hardly ever have an in-person meeting with your advisor, because home and remote working is no longer unusual.


You have to bear in mind that the financial sector can be volatile, and investment values can just as easily drop as well as rise. If it happens that your investment is not making the amount of money you were hoping for, it can be an extremely worrying and demoralising time. However, except if it's due to misleading or wrong information from your financial advisor, a downward spiraling of your investment is not a recognised grounds for complaint.

Independent Financial Advisor Near Plymouth (PL1)

The company's official complaints procedure should be the place to start with any grievances, and the Key Facts Document should explain this. If the matter is unsolved within the time period set out by the regulating authority, and your financial advisor is a member of the Financial Conduct Authority, you can get in touch with the Financial Ombudsman.

After independently reviewing the cause of the complaint, the Financial Ombudsman will come to a decision on the issue. A decision is made on how to financially compensate the client, if the complaint is justified. The advisor and their firm must abide by any decision that's made, which becomes a legally binding decision once the client has agreed to it. Any compensation laid down by the Financial Ombudsman will also account for any distress, upset, inconvenience and trouble caused to the customer during the dispute.

Book a Financial Advisor in Plymouth UK

Financial advice can be provided in Plymouth and also nearby in: Derriford, Bickleigh, Torpoint, Plym Bridge, Home Park, Wembury, Hartley, Estover, North Prospect, Lipson, Devonport, Keyham, Peverell, Mutley, Pomphey, Camels Head, as well as in these postcodes PL1 2HG, PL1 1LG, PL1 1NR, PL1 1QH, PL1 1PD, PL1 2JW, PL1 1DU, PL1 1EU, PL1 2LQ, PL1 2LE. Local Plymouth financial advisors will probably have the phone code 01752 and the postcode PL1. Simply click the "enquiry" banner to get specifics of financial advisors in your area.

A Financial Advisor's Daily Duties

  • A financial advisor collaborates with financial product providers.
  • A financial advisor recommends the financial products that are best-suited to customers.
  • A financial advisor talks to clients about their plans and finances.
  • A financial advisor meets targets for sales and performance.
  • A financial advisor provides consultation, counselling and education with regards to finances and investments.
  • A financial advisor keeps fully abreast of new financial products and legislation changes.
  • A financial advisor constantly updates customers regarding their investments.
  • A financial advisor produces in-depth financial reports.
  • A financial advisor keeps a record of potential clients and transactions.
  • A financial advisor works together with peers to gather market information, trends and statistics.

Plymouth Financial Advice Services

Financial Advice Tasks Plymouth

There are a wide array of services which can be provided by your local Plymouth financial advisor including financial analyst services in Plymouth, pension consolidation advice, inheritance tax planning Plymouth, business financial planning in Plymouth, income protection advice, stakeholder pension advice in Plymouth, trustee investment services, bridging finance, cheap financial advice, equity release, family income benefit in Plymouth, ethical investments Plymouth, investment planning Plymouth, annuities in Plymouth, annuity purchases, life insurance, mutual funds in Plymouth, mortgage services in Plymouth, ISA's, pension reviews in Plymouth, corporate financial planning Plymouth, long term care fee planning, trusts in Plymouth, pension drawdowns, pension planning, and lots more.


Financial Advisors Near Plymouth

Also find: Camels Head financial advisors, Home Park financial advisors, North Prospect financial advisors, Keyham financial advisors, Mutley financial advisors, Wembury financial advisors, Hartley financial advisors, Pomphey financial advisors, Lipson financial advisors, Estover financial advisors, Bickleigh financial advisors, Torpoint financial advisors, Derriford financial advisors, Devonport financial advisors, Plym Bridge financial advisors, Peverell financial advisors and more.

Plymouth Financial Advice Services

Find a Financial Advisor in Plymouth Here
Financial Advice Enquiries in Plymouth Devon (01752)
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Financial Advisors Around Plymouth: Financial advisors were recently requested by people living in The Barbican, Tilly Close, Darklake View, The Village, Beechwood Rise, Compton Knoll Close, Camden Place, St Bridgets Avenue, Seacroft Road, Clarence Place, Back Lane, Thornyville Drive, Theatre Ope, Shearwood Close, Carew Grove, Canhaye Close, Brake Road, Dryburgh Crescent, Bickham Park Road, Babbacombe Close, Drummond Place, Down Road, Dove Gardens, Somerset Place, Charlotte Street, Dittisham Walk, Trevannion Close, Beaumaris Road, Diamond Avenue, Southside Street and these Plymouth postcodes: PL1 2HG, PL1 1LG, PL1 1NR, PL1 1QH, PL1 1PD, PL1 2JW, PL1 1DU, PL1 1EU, PL1 2LQ, PL1 2LE.

To obtain local info regarding Plymouth, Devon go here

Independent financial advisor in PL1 area, phone code 01752.

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