Financial Advisor Redruth

Redruth Independent Financial Advice & Investment

Financial Advisor Redruth Cornwall (TR15): If you are in search of financial advice for the very first time, trying to find a reliable independent financial advisor in Redruth can be a daunting experience. Whether it's investments, mortgage, pensions or even insurance guidance that you're searching for, there is one common rule for all qualified financial advisors; they must all follow FCA (Financial Conduct Authority) regulations. Any advice given by a FCA certified financial advisor in Redruth comes with the guarantee that should things go awry, you can get in touch with the Financial Services Compensation Scheme or the Financial Ombudsman.

Free Redruth Financial Advisor Quotes

When selecting a financial advisor in Redruth, a decent starting point could be friends and relatives, however you must bear in mind that your situation may not be in line with theirs, and you may need a different kind of advice. Financial advice should be specifically tailored to your unique situation, and you'll find that some financial advisors may not be suitable for your requirements. It is a good idea to talk with at least three different firms when you are picking a financial advisor, because this is a major decision, and you'll be looking to find one that you feel comfortable with and can trust, and also check out the various options they offer.

Financial Advisor Redruth Cornwall (TR15)

When you are looking to pick a financial advisor in Redruth, there are essentially 2 principal types; restricted advisors and independent financial advisors (IFA). Offering a more extensive range of options, an IFA won't be confined to the services and products of just one provider. Independent financial advice must be offered in a frank and impartial way and across the whole spectrum of financial products and companies. Consulting an IFA should enable you to select from the widest possible range of products. A restricted financial advisor may be concerned with an individual product, such as a mortgage advisor, or be limited to services and products from one particular provider.

Before accepting you as a client, any financial advisor in Redruth must be fully transparent with you about their charges, as set out by the FCA. Although it can vary according to the type of product or service you're interested in, there could be an hourly rate, a set fee, or you could even be charged a slice of what you're investing. You could be offered the possibility of a free first consultation to allow you to discuss your objectives and determine whether the advisor is a right fit for your situation. If you use one of the larger Redruth firms, your account may be looked after by a team of advisors rather than just one individual.

Financial Advisors Redruth UK (01209)

You'll be asked to fill out a "Fact Find" form, which is a confidential disclosure document relating your desired goals and financial situation to the advising firm. You will also be given a Key Facts Document, or Initial Disclosure Document, which provides you with details of the financial advisor, their status to offer restricted or independent advice and their range of permissions in the financial sector. If you are not happy with the service, and wish to complain, this document should also lay down your legal rights and the options you can take. It must be typed out in plain language and detail what you are signing up for, and any potential benefits and risks that exist if you choose to go along with the offered advice. The Key Facts Document will also tell you about the cooling-off period. This allows you to have a change of heart within a certain period of time, and cancel your contract with the financial advisor.

You need to check what experience and qualifications the financial advisor has the first time you speak with them. After all you are just about to entrust your financial future to their expertise, so you must not be embarrassed about asking these questions. A Level 4 qualification is the minimum certification for any Redruth financial advisor, and they must also be in a position to provide you with an annual Statement of Professional Standing. When you check the Financial Services Register, you should not stress if your advisor's name doesn't appear on there; you should be able to locate the firm name, and this means that the legislation covers all of their advisors. If these can't be provided the individual can still offer financial guidance as opposed to advice. Guidance isn't regulated in the same way as financial advice, meaning that if mistakes arise neither party will have any recourse.

Financial Advisor Quotes in Redruth Cornwall

If it is investments that you are interested in, the advisor will need to know the level of risk you are ready and able to accept with your hard-earned cash. High risk investments could offer better rewards, but all or some of your funds could be lost. In order to get the best financial and investment advice, your savings goals will have to be carefully considered, i.e. long or short term investments, how quickly you need to access your funds and how much you wish to invest. You should always ask yourself the one vital question, how much money can you actually afford to lose. Known as your 'capacity for loss', this will quite likely affect the products and services that you are offered.

Financial Advice Near Redruth Cornwall

If you have already got any existing mortgages, investments, savings or regular outgoing payments, you should let your financial advisor know about these. They'll need to know this, so they can get a picture of your financial circumstances and give the appropriate advice for you. Smart financial advice should include diversifying your savings and investments by spreading the risk across different products. Having an understanding of the best areas to consider, a qualified financial advisor will favour products that most closely fit in with your goals and financial circumstances.

Your financial advisor will try to communicate in the clearest possible way, to unveil the complex world of finance. After learning about the various products and services that match your needs, you should be in a position to come to an informed and knowledgeable decision. If the environment is at the forefront of your mind, you could even ask that ethical savings and investments take precedence. This allows you to give your support to firms and enterprises which match your concerns, e.g. zero carbon or renewable energy, or perhaps staying away from businesses that do not meet your requirements.

It can prove hard to manage your work life and other commitments around working closely with a financial advisor in Redruth. To enable you to seek advice at a time to suit you, face-to-face appointments can be supplemented with telephone calls and video conferencing. Even if you rarely have a face-to-face meeting with your advisor, an experienced financial advice provider in Redruth will have stringent measures in place to ensure your details are kept secure and confidential, because working from home and remote working is now commonplace.


The value of your investments can fall as well as rise, and this is a factor that you must keep in mind. It can be extremely worrying and demoralising if your investment isn't making the amount of money you hoped for. However, unless it's because of incorrect or misleading information from your financial advisor, a downward spiraling of your investment isn't a recognised basis for complaint.

Independent Financial Advisor Near Redruth (TR15)

As described in the Key Facts Document, any disputes should begin with the company's complaints procedure. If your financial advisor is registered with the Financial Conduct Authority, you can inform the Financial Ombudsman of the matter if it is unsolved within the time set by the regulating authority.

The Financial Ombudsman will independently review the cause of the complaint and make a ruling. If it's established that the complaint is justified, a decision will be made on how the client can be compensated or the situation rectified. Once the ruling is accepted by the customer it becomes a legally binding decision that the financial advisor and their firm, must abide by. The Financial Ombudsman will also account for any distress, upset, inconvenience and hassle caused to the client during the dispute, and fix the level of compensation proportionately.

Book a Financial Advisor in Redruth UK

Financial advice can be provided in Redruth and also nearby in: St Day, North Roskear, Lanner Moor, Carharrack, Scorrier, Carnkie, Illogan, Tuckingmill, Blowinghouse, Barncoose, Carnice, Lanner, Pool, Tolvaddon, North Country, Busveal, Trevingey, as well as in these postcodes TR15 1JN, TR15 1LU, TR15 1EA, TR15 1PS, TR15 1QZ, TR15 1QS, TR15 1LD, TR15 1JH, TR15 1QN, TR15 1RA. Local Redruth financial advisers will probably have the postcode TR15 and the dialling code 01209. Checking this out should make sure that you access locally based financial advisers. Redruth householders can utilise these and various other comparable services.

Pension Planning

Secure retirement hinges on the vital aspect of pension planning. The process can be substantially enhanced through the involvement of a financial advisor's services. Designing a personalised pension strategy, a professional advisor will assess your current financial circumstances and understand your retirement objectives. They navigate the complexities of UK pension choices, such as the State Pension, workplace pensions, and SIPPs. By taking full advantage of their expertise, you can make informed decisions about contributions, investment choices and tax implications. To create a robust pension plan, providing financial stability and peace of mind for your future, working with a financial advisor in Redruth is essential.

The State Pension, a government-backed scheme that provides a standard level of retirement income, is at the centre of UK pension planning. Eligibility for the State Pension is determined by an individual's National Insurance contributions over their working life. However, the changes to the number of qualifying years and the State Pension age have made it vital to understand the complexities of this scheme. (42316)

Redruth Financial Advice Services

Financial Advice Tasks Redruth

There is a variety of services which can be provided by your local Redruth financial advisor including business protection, bridging finance, financial advice services, divorce financial planning, business planning, money planning in Redruth, personal pensions, saving for children, life insurance advice, trustee investment services in Redruth, familt controlled trusts, unit trusts, ethical investments, income protection, pension consolidation advice Redruth, corporate bonds, wealth management, will writing services in Redruth, ISA's Redruth, life assurance, mortgage advice, stakeholder pensions Redruth, family income benefit, long term care fee advice, pension drawdowns Redruth, general financial planning Redruth, savings advice, cash flow modelling in Redruth, equity release advice, portfolio management in Redruth, and more. Listed are just a small portion of the activities that can be handled by a financial advisor. Redruth professionals will keep you informed about their entire range of financial services.

Required Skills for Financial Advisors

  • Effective skills in customer service for determining client needs.
  • A thorough knowledge of accounting and economics with regard to financial products and markets.
  • The ability to promote products and services.
  • To be able to network and build solid relationships with clients.
  • To have excellent IT skills.
  • Good skills in verbal communication.
  • To have the ability to listen attentively
  • Excellent business management skills for negotiating product prices.
  • To be goal driven.
  • A good level of mathematical knowledge for producing financial strategies.
  • To pay attention to detail and be thorough.

Financial Advisors Near Redruth

Also find: St Day financial advisors, Tuckingmill financial advisors, Illogan financial advisors, Lanner financial advisors, North Country financial advisors, Carnkie financial advisors, Trevingey financial advisors, Tolvaddon financial advisors, Busveal financial advisors, Lanner Moor financial advisors, Carnice financial advisors, Carharrack financial advisors, Barncoose financial advisors, Scorrier financial advisors, Pool financial advisors, Blowinghouse financial advisors, North Roskear financial advisors and more. Financial advisors are available for consultation services in all these localities. Business and home owners in these places can make enquiries about financial advice by clicking here.

Redruth Financial Advice Services

Find a Financial Advisor in Redruth Here
Financial Advice Enquiries in Redruth Cornwall (01209)
  • Redruth Investment Advice
  • Redruth Cheap Financial Advice
  • Redruth Estate Planning
  • Redruth Inheritance Advice
  • Redruth Life Insurance Advice
  • Redruth Mortgage Advice
  • Redruth Financial Advice Quotations
  • Redruth Financial Services
  • Redruth Corporate Financial Planning
  • Redruth Tax Advice
  • Redruth Cashflow Analysis
  • Redruth Retirement Planning
  • Redruth Trustee Investments
  • Redruth Independent Financial Advice

If you need local info relating to Redruth, Cornwall check here

Independent financial advisor in TR15 area, telephone code 01209.

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(This financial advisor Redruth page was revised and updated on 20-02-2024)