Financial Advisor Preston

Preston Independent Financial Advice & Investment

Financial Advisor Preston Lancashire (PR1): If you're seeking financial advice for the very first time, trying to locate a reliable independent financial advisor in Preston can be a challenging experience. Whether you're searching for pensions, investments, mortgage or even insurance advice, all financial advisors are bound by one simple rule; they must all conform to the regulations laid down by the Financial Conduct Authority. Any advice given through a FCA registered financial advisor in Preston comes with the guarantee that should anything go wrong, you've got access to the Financial Services Compensation Scheme or the Financial Ombudsman.

Free Preston Financial Advisor Quotes

A decent starting place when choosing a financial advisor in Preston may be friends and neighbours, but remember that the kind of advice you are looking for may be different to theirs. Not every financial advisor is suitable for everybody, and any advice they provide needs to be adapted to your specific situation. To investigate the options that they can provide and find a financial advisor that you feel comfortable with and can trust, it is a good idea to speak to at least three different firms, because after all selecting a financial advisor is a major decision.

Financial Advisor Preston Lancashire (PR1)

There are 2 principal types of financial advisor in Preston; independent financial advisors (IFA) and restricted advisors. An independent financial advisor won't be limited to the services or products of a single company. Covering the entire spectrum of financial companies and products, independent financial advice should be offered in an impartial and unbiased way to customers. Consulting an independent financial advisor should enable you to choose between the widest possible range of services. If you go to a restricted advisor you will find that they might be restricted to products and services of a single company, or as with a mortgage advisor, may only be involved with one solitary product.

Before accepting you as a client, any financial advisor in Preston must tell you about their charges, as demanded by the Financial Conduct Authority. Subject to the product you are looking for, you could be charged by the hour, a set fee or even a specific percentage of your investment. To enable you to discuss your goals and find out if the advisor is a right fit for your circumstances, a free preliminary consultation might be offered. In some bigger Preston companies, you might find that your account is being handled by a team as opposed to an individual.

Financial Advisors Preston UK (01772)

You will be asked to fill in a "Fact Find" form, which is a confidential disclosure document relating your financial situation and goals to the advising firm. To provide details about the financial advisor, their status to offer restricted or independent advice and their range of permissions in the financial sector, you will also be handed a Key Facts Document, or Initial Disclosure Document. This document will also set down your own rights and your options if you aren't satisfied with the service provided, and wish to complain. It should be typed out in plain English and detail what you are signing up for, and any potential benefits and risks that exist if you elect to accept the advice offered. The cooling-off period should also be fully explained in this document. This makes it possible for you to cancel the contract within a specific time period, and whenever any penalty charges are incurred.

The first time you are chatting with your financial advisor ensure that you check what qualifications and experience they have. Asking such questions should not cause you any embarrassment, because you're about to entrust them with your financial future. Every Preston financial advisor must be able to present an annual Statement of Professional Standing, and must hold a minimum of a Level 4 qualification. Don't stress if your specific advisor's name does not show up on the Financial Services Register, providing the firm is listed on the register, their personnel will be covered by the regulations. If they are unable to present this proof, the person cannot offer advice but is able to offer financial guidance. Guidance is different to advice as it's not regulated, and if errors occur there will probably be no recourse to either party.

Financial Advisor Quotes in Preston Lancashire

If it's investing money that you are interested in, the advisor will want to know the amount of risk you are prepared to take with your hard-earned money. Most investments carry some degree of risk, but high risk investments could potentially offer bigger rewards, but also more likelihood of losing your cash. In order to get the best financial and investment advice, your savings aims will have to be given careful consideration, i.e. how quickly you need to access your funds, long or short term investments and how much cash you want to invest. "How much can you afford to lose?" Is the one crucial question that you should really be asking yourself. Commonly called your 'capacity for loss', this will most likely affect the services and products that you're offered.

Financial Advice Near Preston Lancashire

You need to tell your financial advisor about your current personal savings, mortgage loans, investments or regular outgoings. They will need this information, so they can get a picture of your financial circumstances and give the correct advice for your needs. The diversification of your investments and savings by spreading the risk load across various products, is an essential part of good quality financial advice. A seasoned financial advisor in Preston will be aware of the best areas to consider, which reflect your financial situation and your goals.

A financial advisor will reveal the multifaceted world of finance, and try to speak in as much plain speech as possible. You should be in a position to come to an informed decision after you have learned about the various products and services which match your needs. If you are mind is firmly on the environment, you can 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 zero carbon or renewable energy projects, and avoid companies that don't share the same values as you do.

It is not always easy to have a close working relationship with a financial advisor in Preston without this impacting on your work life and other obligations. To enable you to get advice at a time to suit you, one-on-one appointments can be supplemented with video conferencing and telephone calls. Even if you never have an in-person meeting with your advisor, a professional financial advice company in Preston will have rigorous measures in place to ensure your details are kept secure and confidential, because remote and home working is now so common.


You need to remember that the financial world is a volatile sector, and investment values can just as easily drop as well as rise. It can be extremely stressful and frustrating if your investment isn't making the amount of money you hoped for. Unfortunately, a downward spiral in your investment isn't seen as a basis for complaint, unless of course it's because of incorrect or misleading information from your advisor.

Independent Financial Advisor Near Preston (PR1)

Any grievances should commence with the firm's complaints procedure as laid out in the Key Facts Document. If the matter remains unsolved within the timeframe stipulated by the regulating body, and the financial advisor is registered with the Financial Conduct Authority, you can notify the Financial Ombudsman.

The Financial Ombudsman will come to a decision after reviewing the cause of the complaint independently. If the complaint is justified, a decision is made on how to financially compensate the customer. Once the decision has been agreed on by the customer it becomes a legally binding decision that the advisor and their firm, must abide by. Any compensation as set out by the Financial Ombudsman will also take into consideration any annoyance, inconvenience, trouble and distress caused to the client during the situation.

Book a Financial Advisor in Preston UK

Financial advice can be provided in Preston and also in nearby places like: Bamber Bridge, Kirkham, Cottam, Higher Bartle, Grimsarg, Elston, Coup Green, Whitestake, Samlesbury, Walton-le-Dale, Ashton-on-Ribble, Longton, Lostock Hall, Ribbleton, Hall Green, Leyland, Ingol, Hutton, Goosnargh, together with these postcodes PR0 2GP, PR1 1YP, PR1 1BA, PR1 1PL, PR1 1QF, PR1 0BP, PR1 1TJ, PR1 0JU, PR1 1QH, PR1 1JN. Locally based Preston financial advisors will likely have the telephone code 01772 and the postcode PR1. Checking this out will guarantee that you access local financial advisers. Preston homeowners will be able to utilise these and various other comparable services.

Preston Financial Advice Services

Financial Advice Tasks Preston

There is a variety of services which can be provided by your local Preston financial advisor including life assurance in Preston, multi-asset portfolios, personal protection, investment bonds in Preston, business financial planning Preston, saving for children Preston, portfolio management in Preston, pension advice in Preston, income protection advice Preston, cheap financial advice, business protection Preston, bereavement benefits, retirement plans in Preston, personal financial planning in Preston, cash flow modelling Preston, corporate bonds, bridging finance, critical illness cover Preston, life insurances in Preston, equity release advice, mutual funds in Preston, wealth management & investments Preston, savings advice, cashflow analysis in Preston, financial analyst services, divorce planning Preston, investing an inheritance, ethical investments Preston, pension reviews, financial planning, and more. These are just a handful of the activities that can be performed by a financial advisor. Preston professionals will be delighted to keep you abreast of their whole range of services.

A Financial Advisor's Everyday Tasks

  • Financial advisors produce detailed financial reports.
  • Financial advisors research financial products and explain them simply and clearly to their customers.
  • Financial advisors speak with customers regarding their plans and finances.
  • Financial advisors negotiate with providers of financial products.
  • Financial advisors maintain a record of potential clients and transactions.
  • Financial advisors work together with their peers to obtain market information, statistics and trends.
  • Financial advisors provide consultation, education and counselling regarding investments and finances.
  • Financial advisors keep fully abreast of new financial products and regulation changes.
  • Financial advisors meet performance and sales targets.
  • Financial advisors update clients concerning their investments.

Financial Advisors Near Preston

Also find: Cottam financial advisors, Grimsarg financial advisors, Hutton financial advisors, Lostock Hall financial advisors, Ribbleton financial advisors, Elston financial advisors, Goosnargh financial advisors, Higher Bartle financial advisors, Whitestake financial advisors, Samlesbury financial advisors, Walton-le-Dale financial advisors, Ashton-on-Ribble financial advisors, Hall Green financial advisors, Coup Green financial advisors, Ingol financial advisors and more. All of these places are serviced by local financial advisors. Business and home owners in the area can make enquiries about financial advice by going here.

Preston Financial Advice Services

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Financial Advice Enquiries in Preston Lancashire (01772)
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Independent financial advisor in PR1 area, phone code 01772.

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(This financial advisor Preston content was revised and updated on 20-02-2024)