Financial Advisor Salford

Salford Independent Financial Advice & Investment

Financial Advisor Salford Greater Manchester (M5): Finding a first-rate independent financial advisor in the Salford area can be an intimidating experience, particularly if you are seeking financial advice for the very first time. Whether it is mortgage, investment, pension or even insurance guidance that you're searching for, there is one common rule for all financial advisors; they must all adhere to FCA (Financial Conduct Authority) regulations. This comes with some guarantees, thus after getting advice from a FCA authorised financial advisor in Salford, you can seek recompense from the Financial Services Compensation Scheme or the Financial Ombudsman, if something should go awry.

Free Salford Financial Advisor Quotes

When picking a financial advisor in Salford, a good starting point could be friends and relations, but you must keep in mind that your situation may not be in line with theirs, and you may need a different type of advice. Their advice needs to be adapted to your specific situation, and every financial advisor isn't suitable for everyone. Picking a financial advisor is an important decision and it is a good idea to chat to at least three different firms so as to explore the options they can provide, and to find one you can trust and feel at ease with.

Financial Advisor Salford Greater Manchester (M5)

There are 2 main kinds of financial advisor in Salford; independent financial advisors (IFA) and restricted advisors. An independent financial advisor will not be restricted to just one provider's services or products. Encompassing the entire gamut of financial products and companies, independent financial advice should be given in a frank and unbiased way to clientele. This enables you to select from the widest range of products to suit your needs. If you go to a restricted advisor you'll find that they might be restricted to products and services of a specific provider, or as with a mortgage advisor, will only be concerned with one product.

Before taking you on as a client, any financial advisor in Salford must tell you about their charges, as required by the Financial Conduct Authority. You may be charged a set fee, by the hour or even a proportion of your investment value, based upon type of product you require. A free preliminary consultation will sometimes be offered, so that you can discuss your objectives and situation to see if the advisor is the right fit. Your account could be handled by a team as opposed to one individual advisor, if you opt to use one of the bigger Salford firms.

Financial Advisors Salford UK (0161)

To describe your financial situation and ambitions to the advising firm, you'll need to fill in a "Fact Find" form, which is a confidential disclosure document. An Initial Disclosure Document, or Key Facts Document will also be given to you, to provide details of the financial advisors themselves, outlining their range of permissions in the financial sector and their status to offer independent or restricted advice. Your rights will also be set out in this document, in addition to the possible options you can take if you want to complain because you aren't happy with the service provided. It should describe precisely what you are signing up for, and any potential benefits and risks should you choose to take the offered advice, and it must be laid out in plain English. The level of cooling-off period should also be explained in this Key Facts Document. Within a certain number of days, this allows you to cancel the agreement with your financial advisor.

You'll want to check the experience and qualifications of the financial advisor when you first speak to them. Asking these questions should never be a cause for embarrassment, because you are about to entrust them with your financial future. All Salford financial advisors must as a minimum hold a Level 4 qualification and present an annual Statement of Professional Standing. When you check the Financial Services Register, you shouldn't freak out if your financial 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 advisors. If these can't be provided the individual can still offer financial guidance as opposed to financial advice. Guidance is different to advice as it's not regulated in the same way, and if errors occur there will likely be no recourse to either party.

Financial Advisor Quotes in Salford Greater Manchester

If it's investments that you're interested in, your advisor will want to know the level of risk you might be prepared to accept with your hard-earned money. Most investments carry some degree of risk, but higher risk investments may offer larger rewards, and also more likelihood of losing your money. Good quality investment and financial advice should take into account your savings goals, i.e. how much you wish to invest, long or short term investments and how rapidly you need to access your money. The one question that you should ask yourself, which is frequently ignored, is how much money you can actually afford to lose. Commonly called your 'capacity for loss', this will most likely affect the products and services that you are offered.

Financial Advice Near Salford Greater Manchester

If you already have any existing investments, regular outgoings, savings accounts or mortgages, you'll want to tell your financial advisor about these. This gives a clear picture of your financial circumstances, without which the advice given might not be the most suitable for you. Sound financial advice should allow for diversifying your investments and savings by spreading the risk load across a range of different products. In order to mirror your goals and financial situation, a seasoned financial advisor in Salford will understand the best areas to consider.

A financial advisor will open up the multifaceted world of finance, and converse in as much plain speech as possible. This will permit you to compare services and products which meet your needs, and come to an informed decision. If you're environmentally minded, you can maybe ask your advisor to stick to ethical savings and investments. This does not just give you investment opportunities, but also enables you to lend your support to renewable energy or zero carbon projects, and stay away from businesses and companies that don't share the same values.

Working together with your financial advisor in Salford can be difficult to manage around your work life and other responsibilities. To allow you to get advice at a time to suit you, one-on-one appointments can be complemented with telephone calls and video conferencing. A professional financial advice provider in Salford will have strict measures in place to ensure your details are kept secure and confidential, even if you never have a face-to-face meeting with your personal advisor, because remote and home working is no longer unusual.


Investments can be an unpredictable area, and values could go down as well as up. It can be very worrying and disheartening if your investment isn't making as much money as you hoped for. A downward spiraling of your investment isn't a recognised grounds for complaint, unless your advisor has supplied you with incorrect or misleading information.

Independent Financial Advisor Near Salford (M5)

Any complaints should begin with the firm's complaints procedure as indicated in the Key Facts Document. If the matter remains unsolved within the timeframe stipulated by the regulating authority, and the advisor is registered with the Financial Conduct Authority, you can advise the Financial Ombudsman.

After reviewing the cause for complaint, the Financial Ombudsman will come to a decision on the issue. If it is found that the complaint is legitimate, a decision will be made on how the customer can be financially compensated. Once the decision has been accepted by the client it becomes a legally binding decision which the advisor and their firm, must abide by. Any compensation fixed by the Financial Ombudsman will also take into consideration any annoyance, hassle, inconvenience and distress caused to the customer during the dispute.

Book a Financial Advisor in Salford UK

Financial advice can be provided in Salford and also nearby in: Eccles, Pendleton, Manchester, Sale, Prestwich, Charlestown, Weaste, Stretford, Swinton, Irlam, Clifton, Lower Broughton, Ordsall, Urmston, Crumpsall, Pendlebury, Carrington, Cadishead, together with these postcodes M27 5FU, M25 9YQ, M3 6EE, M3 5NA, M3 6DN, M27 8XU, M17 1EX, M3 5HH, M3 1NL, M27 8BQ. Locally based Salford financial advisors will most likely have the postcode M5 and the dialling code 0161. Verifying this should ensure that you're accessing local financial advisers. Salford householders are able to utilise these and numerous other related services.

Pension Planning

Towards a secure retirement, pension planning takes an important role. By engaging a financial advisor's services, one can witness a notable enhancement of this process. Assessing your current financial situation, a knowledgeable advisor will understand your retirement goals and design a customised pension strategy. They navigate the complexities of UK pension alternatives, which involve the state pension, workplace pensions, and self-invested personal pensions (SIPPs). By leveraging their expertise, you can make informed decisions about contributions, investment choices and tax implications. To create a solid pension plan, providing peace of mind and financial stability for your future, working with a financial advisor in Salford is essential.

The State Pension, a government-backed scheme that provides a basic level of retirement income, is at the centre of UK pension planning. Eligibility for the State Pension is typically determined by a person's National Insurance contributions over their working life. Understanding the complexities of the State Pension scheme is more important than ever before, because of changes to the State Pension age and the number of qualifying years needed. (42316)

Skills Necessary for Financial Advisors

  • Good verbal communication skills.
  • The ability to promote products and services.
  • To have the ability to listen attentively
  • To be organised and self-motivated.
  • To pay attention to detail and be thorough.
  • To have the ability to network and establish solid relationships with customers.
  • To be able to competently use a computer and the main software.
  • Good management skills for negotiating product rates.
  • An excellent level of mathematical knowledge for producing financial packages.
  • A good understanding of accounting and economics associated with financial markets and products.
  • Effective customer service skills for identifying customer requirements.

A Financial Advisor's Everyday Tasks

  • Financial advisors produce comprehensive financial reports.
  • Financial advisors provide counselling, education and consultation with regards to investments and finances.
  • Financial advisors maintain a record of customers and transactions.
  • Financial advisors meet targets for performance and sales.
  • Financial advisors make deals with with providers of financial products.
  • Financial advisors work in conjuction with their peers to gather market information, statistics and trends.
  • Financial advisors research financial products and explain them simply and clearly to their clients.
  • Financial advisors keep fully up to date with new products and law changes.
  • Financial advisors update customers about their investments.
  • Financial advisors talk with clients regarding their plans and finances.

Salford Financial Advice Services

Financial Advice Tasks Salford

There are a number of different services that are provided by your local Salford financial advisor including trustee investment services, long term care fee planning, ethical investments, portfolio management, corporate financial planning, tax advice, annuity purchases in Salford, pensions in divorce, life assurance advice, personal pensions, pension advice Salford, pension transfers, savings advice, financial analyst services in Salford, divorce financial planning, investment bonds, family income benefit, trusts, pension drawdowns Salford, inheritance tax planning Salford, pension reviews Salford, stakeholder pension advice Salford, familt controlled trusts, cheap financial advice, business planning, bridging finance, personal financial planning in Salford, cash flow modelling in Salford, financial services, corporate bonds, and lots more. Listed are just an example of the tasks that can be conducted by a financial advisor. Salford professionals will be delighted to keep you abreast of their full range of financial services.


Financial Advisors Near Salford

Also find: Pendleton financial advisors, Charlestown financial advisors, Crumpsall financial advisors, Ordsall financial advisors, Ellesmere Park financial advisors, Kersal financial advisors, Clifton financial advisors, Prestwich financial advisors, Weaste financial advisors, Carrington financial advisors, Agecroft financial advisors and more. Most of these localities are covered by local financial advisors. People in these places can make enquiries about financial advice by going here.

Salford Financial Advice Services

Find a Financial Advisor in Salford Here
Financial Advice Enquiries in Salford Greater Manchester (0161)
  • Salford Cheap Financial Advice
  • Salford Trustee Investments
  • Salford Estate Planning
  • Salford Inheritance Advice
  • Salford Investment Advice
  • Salford Tax Advice
  • Salford Financial Services
  • Salford Pension Advice
  • Salford Corporate Financial Planning
  • Salford Retirement Advice
  • Salford Wealth Management
  • Salford Mortgage Advice
  • Salford Life Insurance Advice
  • Salford Independent Financial Advice

For the latest local Salford information look here

Independent financial advisor in M5 area, (dialling code 0161).

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(This financial advisor Salford information was reviewed and updated on 20-02-2024)