Financial Advisor Portsmouth

Portsmouth Independent Financial Advice & Investment

Financial Advisor Portsmouth Hampshire (PO1): If you're in search of financial advice for the very first time, trying to locate a reliable independent financial advisor in the Portsmouth area can be a daunting experience. However, all financial advisors have one thing in common; they all have to adhere to the regulations of the FCA (Financial Conduct Authority), whether you're looking for mortgage, investment, pensions or even insurance advice. The benefit of this is that if a financial advisor who is FCA certified gives you poor quality advice, and things go awry, you have guarantees, and are able to go to the Financial Ombudsman or the Financial Services Compensation Scheme to get things put right.

Free Portsmouth Financial Advisor Quotes

When choosing a financial advisor in Portsmouth, a decent place to start could be friends and relations, however you must bear in mind that your circumstances may not be in line with theirs, and you might be in need of a different sort of advice. Financial advice should be specifically tailored to your unique circumstances, and you'll discover that certain financial advisors might not be appropriate for you. To explore the options that they are offering and find a financial advisor that you can trust and feel at ease with, it is wise to speak with at least 3 different firms, because picking a financial advisor is an important decision.

Financial Advisor Portsmouth Hampshire (PO1)

Independent financial advisors and restricted advisors, are the 2 main kinds of financial advisor in Portsmouth. An independent financial advisor should not be confined to the products or services of just one company. Independent financial advice should be offered in an honest and unbiased way and across the whole gamut of financial products and companies. Consulting an IFA should permit you to choose from the broadest possible range of services. If you go to a restricted advisor you'll soon realise that they may be restricted to services and products of a single provider, or as in the case of a mortgage advisor, will only be involved with one individual product.

Before accepting you as a client, any financial advisor must be fully transparent with you about their charges, as set out by the FCA. In accordance with the product you are looking for, you could be charged by the hour, a set fee or even a percentage of your investment. To discuss your objectives and see if the advisor is the correct fit for you and your situation, a free preliminary consultation might be offered. Your account might be handled by a team as opposed to one individual advisor, if you choose to go to one of the larger Portsmouth firms.

Financial Advisors Portsmouth UK (023)

Before any actual advice is handed out you'll be required to fill in a confidential disclosure form, called a "Fact Find" document, which tells the advising firm about your financial situation and objectives. A Key Facts or Initial Disclosure Document will also be handed to you, to provide information on the financial advisors themselves, detailing their scope of permissions in the financial market and their status to offer independent or restricted advice. Your own legal rights will also be spelled out in this document, along with your options if you want to complain because you are not satisfied with the service provided. It has to be easy to understand, written in layman's terms, and describe exactly what you are committing yourself to, together with the benefits and risks of accepting the proffered advice. The cooling-off period should also be spelled out in this document. This allows you to have a change of heart within a specific number of days, and cancel your agreement with the financial advisor.

The first time you're talking with your financial advisor ensure that you check what qualifications and experience they've got. Asking such questions shouldn't cause you any embarrassment, because you are about to entrust them with your financial wellbeing. A Level 4 qualification in financial advice is the minimum certification for any financial advisor in Portsmouth, and they also have to be able to show an annual Statement of Professional Standing. When checking the Financial Services Register, you shouldn't stress if your specific advisor's name doesn't show up on there; you should be able to locate the company name, and this means that the legislation covers all of their personnel. The individual may still offer financial guidance rather than advice, if these can't be presented. In financial terms guidance is somewhat different to advice and isn't regulated in the same way. Therefore there is no recourse for the client if financial blunders are made.

Financial Advisor Quotes in Portsmouth Hampshire

You will be asked about the amount of risk you are willing to accept, if you are seeking advice on investing money. Bigger rewards might be possible with higher risk investments, but you may also lose all or some of your capital. Your savings objectives must be carefully considered if good quality investment advice is to be given, i.e. how quickly you need to access your funds, long or short term investments and how much you have to invest. The one question that you should ask yourself, which is normally neglected, is just how much you can afford to lose. Generally known as your 'capacity for loss', this will most likely influence the products and services that you're offered.

Financial Advice Near Portsmouth Hampshire

From the outset, it's imperative that you let your financial advisor know about any mortgage loans, investments, personal savings or regular outgoing payments that you have. They will need these details, so that they can get a clear picture of your financial circumstances and give the best advice for your needs. Sound financial advice should include diversifying your investments and savings by spreading the risk load across a range of different products. In order to mirror your financial circumstances and your goals, a qualified financial advisor in Portsmouth will have the knowledge of the best products to consider.

Your financial advisor will try to communicate in the clearest possible way, to throw open the multifaceted world of finance. You should be able to make an informed decision when you have learned about the various products and services which match your needs. If you're environmentally minded, you could maybe ask your advisor to stick to ethical savings and investments. You can then keep away from investments that businesses meet your criteria, but instead lend your support to those businesses and firms that match your concerns, for instance green energy or zero carbon.

Having a close working relationship with a financial advisor in Portsmouth could cause problems with work and other obligations. To allow you to seek advice at a time to suit you, face-to-face appointments can be supplemented with video conferencing and telephone calls. Home and remote working is now commonplace, and a professional financial advice company in Portsmouth will have rigorous measures in force to ensure your details are kept confidential and secure, even if you never have a face-to-face meeting with your personal advisor.


Investments can go down as well as up, since the financial world can be volatile. If it just so happens that your investment is not making as much money as you hoped for, it can be a worrying and frustrating time. A downward trend in your investment is not a recognised cause for complaint, unless your advisor has given you incorrect or misleading information.

Independent Financial Advisor Near Portsmouth (PO1)

As described in the Key Facts Document, any complaints should begin with the company's complaints procedure. If the financial advisor is a member of the FCA, you can let the Financial Ombudsman know about the problem if it is unresolved within the time schedule set by the regulating body.

After looking into the cause for complaint, the Financial Ombudsman will come to a decision on the issue. A decision is made on how to rectify the situation or financially compensate the client, if the complaint is upheld. This becomes legally binding once it has been agreed on by the client, and the advisor and their company must abide by the ruling. The Financial Ombudsman will also consider any inconvenience, hassle, annoyance and distress caused to the client during the process, and fix the level of compensation accordingly.

Book a Financial Advisor in Portsmouth UK

Financial advice can be provided in Portsmouth and also in nearby places like: Widley, Hilsea, Lee on the Solent, Hayling Island, Copnor, Purbrook, Porchester, Alverstoke, Fareham, Eastney, Drayton, Cosham, Havant, Fratton, Milton, together with these postcodes PO1 1PU, PO1 1LG, PO1 1QZ, PO1 2AL, PO1 1RG, PO1 2DG, PO1 1EZ, PO1 1HA, PO1 1JD, PO1 2DQ. Local Portsmouth financial advisors will probably have the phone code 023 and the postcode PO1. Checking this will guarantee you access local financial advisers. Portsmouth householders can utilise these and many other related services.

Fundamental Skills for Financial Advisors

  • Good management skills for negotiating product fees.
  • Good customer service skills for finding out customer needs and requirements.
  • An excellent level of math knowledge for creating financial plans.
  • To have the ability to network and build solid relationships with customers.
  • A solid knowledge and understanding of economics and accounting associated with financial markets and products.
  • To pay attention to detail and be thorough.
  • To have the ability to listen attentively
  • To have a flexible work ethic.
  • Outstanding verbal communication skills.
  • The ability to sell financial products and services.
  • To be capable of using a computer and the main software packages.

Portsmouth Financial Advice Services

Financial Advice Tasks Portsmouth

There are a wide array of services that are provided by your local Portsmouth financial advisor including mutual funds, pension advice, investment planning, pension consolidation Portsmouth, money planning, general financial planning, financial planning, cheap financial advice Portsmouth, life assurance, pension reviews, corporate bonds, portfolio management, investment consolidation advice, death benefit advice, business protection, ISA's, pension advice in Portsmouth, investment bonds in Portsmouth, pension drawdowns Portsmouth, familt controlled trusts, cashflow analysis, pensions in divorce, mortgage advice Portsmouth, life insurances, corporate financial planning, business planning, critical illness cover, personal pensions advice Portsmouth, independent financial advice, stakeholder pension advice Portsmouth, and more. These are just some of the duties that can be performed by a financial advisor. Portsmouth professionals will be happy to tell you about their whole range of services.


Financial Advisors Near Portsmouth

Also find: Copnor financial advisors, Eastney financial advisors, Lee on the Solent financial advisors, Hilsea financial advisors, Widley financial advisors, Fratton financial advisors, Alverstoke financial advisors, Milton financial advisors, Cosham financial advisors, Hayling Island financial advisors and more. People who are hunting for financial advice, will find that these services are readily available in all of these towns and areas. Householders in the area can make enquiries about financial advice by clicking here.

Portsmouth Financial Advice Services

Find a Financial Advisor in Portsmouth Here
Financial Advice Enquiries in Portsmouth Hampshire (023)
  • Portsmouth Trustee Investments
  • Portsmouth Life Insurance Advice
  • Portsmouth Financial Advice Quotations
  • Portsmouth Tax Advice
  • Portsmouth Inheritance Advice
  • Portsmouth Mortgage Advice
  • Portsmouth Corporate Financial Planning
  • Portsmouth Independent Financial Advice
  • Portsmouth Cashflow Analysis
  • Portsmouth Estate Planning
  • Portsmouth Financial Services
  • Portsmouth Retirement Advice
  • Portsmouth Cheap Financial Advice
  • Portsmouth Pension Advice

If you need local info regarding Portsmouth, Hampshire look here

Independent financial advisor in PO1 area, (dialling code 023).

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(This financial advisor Portsmouth information was checked and updated on 20-02-2024)