Financial Advisor Prestonpans

Prestonpans Independent Financial Advice & Investment

Financial Advisor Prestonpans Scotland (EH32): Locating a decent independent financial advisor in Prestonpans can be a challenging experience, particularly if you are needing financial advice for the very first time. Whether it's pensions, investments, mortgage or even insurance advice that you're after, there is one common rule for all financial advisors; they must all stick to Financial Conduct Authority (FCA) regulations. This comes with some guarantees, therefore after getting advice from a FCA registered financial advisor in Prestonpans, you can seek reparation from the Financial Ombudsman Scheme or the Financial Services Compensation Scheme, if something should go wrong.

Free Prestonpans Financial Advisor Quotes

When choosing a financial advisor in Prestonpans, a good place to begin could be friends and family, however you must bear in mind that your circumstances might not be the same as theirs, and you may be in need of a different type of advice. Every financial advisor isn't suitable for everybody, and any advice they provide needs to be tailored to your unique circumstances. Selecting a financial advisor is a major decision and it is wise to speak with at least three different firms in order to investigate the various options they can offer, and to find one you can trust and feel at ease with.

Financial Advisor Prestonpans Scotland (EH32)

When it comes to picking a financial advisor in Prestonpans, there are essentially two main types; restricted advisors and independent financial advisors (IFA). The benefit of seeing an IFA is that they won't be confined to a single company's services and products, and can offer a broader range of options. Independent financial advice must be provided in an impartial way and across the entire spectrum of financial companies and products. This will enable you to select from the broadest range of products to suit your needs. A restricted advisor may be tied to services and products from a single provider, or may even concentrate on a single product, as may be the case with a mortgage advisor.

Before any Prestonpans financial advisor accepts you as a client, they're required by the FCA to fully discuss their charges with you. Although it can vary determined by the kind of service or product you are looking for, there could be a set fee, an hourly rate, or you may even be charged a slice of the money you're investing. A free first consultation might be offered, so that you can discuss your objectives and situation to see if the advisor is the right fit. If you go to one of the larger Prestonpans firms, your account may be looked after by a team of advisors rather than just one person.

Financial Advisors Prestonpans UK (Dialling code	01875)

Before any advice is given you'll have to fill out a confidential disclosure form, known as a "Fact Find" document, which tells the advising company about your financial situation and desired goals. A Key Facts Document, or Initial Disclosure Document will also be given to you, to provide information about the financial advisors themselves, detailing the scope of their permissions in the financial market and their situation for offering independent or restricted advice. This document should also set down your legal rights and the possible options you can take if you're not happy with the service provided, and want to complain. It has to be easily understood, written in plain language, and describe exactly what you're signing up for, along with the benefits and risks of accepting the proffered advice. The Key Facts Document should also inform you about the cooling-off period. This enables you to change your mind within a specific time period, and cancel your contract with the financial advisor.

The very first time you are speaking to your financial advisor you'll want to check what experience and qualifications they've got. After all you're about to entrust your financial wellbeing to their skill, so you should never be embarrassed about asking such questions. Every financial advisor in Prestonpans must be in a position to present an annual Statement of Professional Standing, and must hold a minimum of a Level 4 qualification. When you check the Financial Services Register, you don't need to stress if your particular advisor's name doesn't show up on there; you ought to be able to locate the firm name, and that means the legislation covers all of their staff. If they're not able to supply this evidence, the person can't offer advice but only financial guidance. Guidance is somewhat different to advice as it's not regulated in the same way, and if mistakes are made there may be no recourse to the client.

Financial Advisor Quotes in Prestonpans Scotland

You'll be asked the amount of risk you are willing to accept, if you are seeking advice on investments. Many investments carry some degree of risk, but high risk investments may offer higher rewards, but also more chance of losing your funds. Your savings objectives will have to be considered if the best investment and financial advice is to be given, i.e. long or short term investments, how rapidly you need access to your funds and how much cash you want to invest. You must invariably ask yourself the one crucial question, how much money can you really afford to lose. Generally known as your capacity for loss, this will most likely affect the products and services that you're offered.

Financial Advice Near Prestonpans Scotland

You need to tell your financial advisor about any current investments, mortgages, savings or regular outgoing payments. This will provide a clear and full picture of your financial circumstances, without which the advice you are given may not be the most appropriate for you. Spreading the risk load across various products through the diversification of your savings and investments, is something that smart financial advice should encompass. Having an understanding of the best areas to consider, a certified financial advisor will favour products that most closely match your financial situation and goals.

Your financial advisor will communicate in as much plain speech as possible, to lay bare the complex world of finance. After comparing the various products and services which meet your needs, you should be able to make an informed and intelligent decision. If environmental issues are at the forefront of your mind, you could perhaps ask that ethical investment and savings schemes take top priority. This will allow you to give your support to organisations and firms that address your concerns, e.g. zero carbon or green energy, or perhaps steering clear of companies that do not meet your requirements.

Working together with a financial advisor in Prestonpans can be tricky to manage around work and other responsibilities. Face-to-face meetings can be complemented with phone calls and video conferencing to allow you to seek advice at a time to suit you. Working from home and remote working is now commonplace, and an established financial advice company in Prestonpans will have strict measures in place to keep your details confidential and secure, even if you never have a one-on-one meeting with your personal advisor.


You must always keep in mind that the financial sector can be volatile, and the value of your investments can just as easily fall as well as rise. If your investment isn't making as much money as you were hoping for, it can be very stressful and frustrating. Sadly, your investment having a downward trend is not a recognised basis for complaint, except if it's because of incorrect or misleading information from your advisor.

Independent Financial Advisor Near Prestonpans (EH32)

Any complaints should start with the company's complaints procedure as indicated in the Key Facts Document. If the matter remains unsolved within the time schedule set out by the regulating body, and the financial advisor is registered with the FCA, you can notify the Financial Ombudsman.

The Financial Ombudsman will make a ruling after independently reviewing the cause of the complaint. A decision is made on how to rectify the situation or financially compensate the customer, if the complaint is justified. The advisor and their company must abide by any ruling that's made by the Ombudsman, which becomes a legally binding decision once the client has agreed to it. The Financial Ombudsman will also take into consideration any annoyance, inconvenience, distress and trouble caused to the client during the process, and establish the level of compensation accordingly.

Book a Financial Advisor in Prestonpans UK

Financial advice can be provided in Prestonpans and also in: Elvingston, Ormiston, Cousland, Haddington, Meadowmill, East Saltoun, Gladsmuir, Tranent, Port Seton, Longniddry, Macmerry, Aberlady, Dirleton, East Linton, Drem, Wallyford, Cockenzie, Pencaitland, and in these postcodes EH32 9BF, EH32 9JL, EH32 9EJ, EH32 9BU, EH32 9AD, EH32 9NL, EH32 9LX, EH32 9NH, EH32 9LG, EH32 9LQ. Local Prestonpans financial advisers will likely have the phone code Dialling code 01875 and the postcode EH32. Checking this will guarantee that you access locally based financial advisers. Prestonpans property owners can benefit from these and many other comparable services. Simply click on the "enquiry" banner or form to get information on financial advisors in your location.

Skills Needed by a Financial Advisor

  • The ability to sell products and services.
  • To have good IT skills.
  • An outstanding level of maths knowledge for producing financial packages.
  • Good skills in verbal communication.
  • To pay attention to detail and be thorough.
  • Effective customer service skills for determining customer needs and requirements.
  • To be organised and self-motivated.
  • Good management skills for negotiating product rates.
  • An outstanding understanding and knowledge of accounting and economics relating to financial products and markets.
  • To be able to network and build solid relationships with customers.
  • To have the ability to listen attentively

Prestonpans Financial Advice Services

Financial Advice Tasks Prestonpans

There is a range of services which can be provided by your local Prestonpans financial advisor including unit trusts, pension reviews, pension advice in Prestonpans, independent financial advice, pension planning, corporate financial planning, personal financial planning, tax planning in Prestonpans, trustee investment services, pensions in divorce, business financial planning Prestonpans, investment consolidation advice, business protection, bridging finance, life assurance, personal pensions advice, family income benefit, income protection, corporate bonds, money planning, wealth management & investments Prestonpans, general financial planning Prestonpans, mortgage services Prestonpans, portfolio management, will writing services, offshore investment advice, cashflow planning Prestonpans, trusts, financial analyst services, familt controlled trusts, and lots more. These are just a small portion of the tasks that can be accomplished by a financial advisor. Prestonpans professionals will keep you informed about their full range of services.


Financial Advisors Near Prestonpans

Also find: Cockenzie financial advisers, Drem financial advisers, Meadowmill financial advisers, East Linton financial advisers, Elvingston financial advisers, Port Seton financial advisers, Longniddry financial advisers, East Saltoun financial advisers, Cousland financial advisers, Dirleton financial advisers, Haddington financial advisers, Gladsmuir financial advisers, Tranent financial advisers, Macmerry financial advisers, Pencaitland financial advisers, Ormiston financial advisers, Wallyford financial advisers, Aberlady financial advisors and more. All of these places are serviced by local financial advisers. Prestonpans residents can get quotes by going here.

Prestonpans Financial Advice Services

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Financial Advice Enquiries in Prestonpans Scotland (Dialling code	01875)
  • Prestonpans Investment Advice
  • Prestonpans Life Insurance Advice
  • Prestonpans Tax Advice
  • Prestonpans Wealth Management
  • Prestonpans Trustee Investments
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  • Prestonpans Inheritance Advice
  • Prestonpans Mortgage Advice
  • Prestonpans Pension Advice
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  • Prestonpans Corporate Financial Planning
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  • Prestonpans Estate Planning
  • Prestonpans Cheap Financial Advice

More Prestonpans Services: Naturally, when you're looking at your finances in Prestonpans, Scotland, you'll likely be in need of all sorts of different services and aside from a financial advisor in Prestonpans, Scotland, you might additionally need investment advisors in Prestonpans, mortgage advice in Prestonpans, mortgage brokers in Prestonpans, business consulting in Prestonpans, contracts lawyers in Prestonpans, payroll services in Prestonpans, family lawyers in Prestonpans, accountants in Prestonpans, will writing in Prestonpans, solicitors in Prestonpans, debt recovery & collection in Prestonpans, bookkeepers in Prestonpans, banruptcy lawyers in Prestonpans, tax preparation in Prestonpans, business financial planning in Prestonpans, property law & conveyancing in Prestonpans, estate planning in Prestonpans, and other different Prestonpans experts.

Financial Advisors Around Prestonpans: Folks living in the following streets and areas have recently requested financial advice - Gardiner Road, The Flying Scotsman Way, Struan Wynd, Kirk Street, Thorntree Crescent, Perth's Grove, Longdykes Road, Station Road, McLeod Crescent, Sir Walter Scott Pend, West End, McLachlan Gardens, Woodbine Gardens, Grant Road, Alexander Drive, Northfield Court, Northfield, Pyper's Wynd, Wilson Avenue, Prestongrange House, Schaw Road, Gardiner Crescent, Suthren Yett, Grange Grove, Corporal John Shaw Court, Prestongrange, Rowberry Walk, as well as these Prestonpans area postcodes: EH32 9BF, EH32 9JL, EH32 9EJ, EH32 9BU, EH32 9AD, EH32 9NL, EH32 9LX, EH32 9NH, EH32 9LG, EH32 9LQ. People residing in these local areas recently requested the help of a financial advisor. Prestonpans residents enjoyed the benefits of competent and top quality financial services in every case.

Financial Advisor Jobs Prestonpans: Get financial advisor jobs in Prestonpans by clicking here: Prestonpans Financial Advisor Jobs

To find local Prestonpans information click here

Independent financial advisor in EH32 area, (dialling code Dialling code 01875).

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(This financial advisor Prestonpans content was reviewed and updated on 06-05-2022)