Financial Advisor Skegness

Skegness Independent Financial Advice & Investment

Financial Advisor Skegness Lincolnshire (PE24): Locating a first-rate independent financial advisor in the Skegness area can be an intimidating experience, particularly if you are seeking financial advice for the very first time. Whether you're looking for pension, mortgage, investment or even insurance guidance, all qualified financial advisors have one thing in common; they must all observe the regulations of the Financial Conduct Authority (FCA). This comes with certain guarantees, therefore after taking advice from a FCA registered financial advisor in Skegness, you can seek reparation from the Financial Services Compensation Scheme or the Financial Ombudsman, if something should go wrong.

Free Skegness Financial Advisor Quotes

A decent starting point in choosing a financial advisor in Skegness may be family and friends, but keep in mind that the type of advice you're looking for may be different to theirs. Every financial advisor is not suitable for everyone, and their advice should be adapted to your unique situation. It is wise to speak with at least three different firms when you are choosing a financial advisor, because this is a major decision, and you need to find one that you feel comfortable with and can trust, and at the same time investigate the options they can provide.

Financial Advisor Skegness Lincolnshire (PE24)

Restricted advisors and independent financial advisors (IFA), are the two main kinds of financial advisor in Skegness. Offering a wider range of options, an IFA should not be restricted to the products or services of a single company. Independent financial advice must be offered in an impartial way and across the full gamut of financial companies and products. If you elect to use an IFA, you will be able to select from the widest possible range of services, so as to find the right solution for your needs. A restricted financial advisor may be limited to services and products from a single provider, or may even focus on a particular product, as in the case of a mortgage advisor.

The FCA demands that any Skegness financial advisor must fully discuss their charges with you, before accepting you as a client. Based on the type of product you're looking for, you could be charged a set fee, by the hour or possibly even a slice of your investment. To discuss your objectives and determine whether the advisor is suitable for your circumstances, a free preliminary consultation might be offered. If you go to one of the bigger Skegness firms, your account might be managed by a team of advisors rather than just one individual.

Financial Advisors Skegness UK (01754)

You'll need to fill in a "Fact Find" form, which is a confidential disclosure document relating your targets and financial situation to the advising firm. You'll also be handed a Key Facts or Initial Disclosure Document, which gives you details about the financial advisor, their status to offer restricted or independent advice and their range of permissions in the financial market. If you are not happy with the service, and wish to submit a complaint, this document will also lay down your own legal rights and the options you can take. It must be simple to understand, written in plain language, and describe exactly what you are signing up for, together with the benefits and risks of accepting the proffered advice. You'll find the level of cooling-off period in the Key Facts Document. This allows you to cancel the contract within a certain period of time, and whenever any penalties are incurred.

Make sure you check what experience and qualifications the financial advisor has when you first speak to them. After all you're on the verge of entrusting your financial future to their skill, so you should not be self-conscious about asking such questions. All Skegness financial advisors must as a minimum hold a Level 4 qualification and present an annual Statement of Professional Standing. You shouldn't panic if your financial advisor's name doesn't appear on the Financial Services Register, providing the firm is listed on the register, their advisors will be covered by the legislation. The individual can still offer financial guidance rather than advice, if these cannot be presented. In financial terms guidance is different to advice and isn't regulated in the same way. Therefore there isn't any recourse for the client if financial errors occur.

Financial Advisor Quotes in Skegness Lincolnshire

If you are needing advice on investments you'll be asked about the amount of risk you are comfortable with. High risk investments may offer better rewards, but all or some of your cash could be lost. Good investment and financial advice should take you savings goals into consideration, i.e. long or short term investments, how much cash you want to invest and how rapidly you need access to your money. "How much money can you afford to lose?" Is the one question that you really need to ask yourself. Sometimes referred to as your capacity for loss, this will very likely affect the products and services that you are offered.

Financial Advice Near Skegness Lincolnshire

Right from the start, it is crucial that you tell your financial advisor about any existing investments, regular outgoing payments, savings accounts or mortgages that you currently have. They'll need this information, so they can get a picture of your financial situation and give the correct advice for you. Spreading the risk across different products through the diversification of your investments and savings, is something that smart financial advice should encompass. With an understanding of the best areas to consider, a certified financial advisor will favour products that most closely match your financial circumstances and goals.

A financial advisor will lay bare the complex world of finance, and communicate in as plain a speech as possible. After comparing the services and products that meet your needs, you should be in a position to make an informed and deliberative decision. If the environment is important to you, you could perhaps ask that ethical savings and investments take top priority. This will allow you to give your support to enterprises and companies that match your concerns, i.e. green energy or zero carbon, or perhaps steering clear of investments that don't meet your criteria.

Working together with your financial advisor in Skegness can be challenging to manage around work and other commitments. To enable you to get advice at times that suit you, face-to-face meetings can be supplemented with phone calls and video conferencing. Home and remote working is now commonplace, and an experienced financial advice company in Skegness 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 advisor.


Investments can easily go down as well as up, as the financial sector can be volatile. If it just so happens that your investment fails to make as much money as you were hoping for, it can be a very stressful and disheartening time. Your investment having a downward trend is not seen as a cause for complaint, unless your advisor has given you misleading or incorrect information.

Independent Financial Advisor Near Skegness (PE24)

The firm's complaints procedure should be the place to start with any disputes, and the Key Facts Document will clarify this. If the problem remains unresolved within the time-frame stipulated by the regulating body, and your advisor is a member of the Financial Conduct Authority, you can inform the Financial Ombudsman.

The Financial Ombudsman will independently review the cause of the complaint and come to a decision. If the complaint is justified, a decision will be made on how to financially compensate the client. The financial advisor and their company must comply with any ruling that is made by the Ombudsman, which becomes legally binding once the client has agreed to it. Any compensation laid down by the Financial Ombudsman will also take into consideration any distress, trouble, inconvenience and upset caused to the client during the dispute.

Book a Financial Advisor in Skegness UK

Financial advice can be provided in Skegness and also nearby in: Seathorne, Seacroft, Wainfleet All Saints, Addlethorpe, Roman Bank, Orby, Croft, Hogsthorpe, Chapel St Leonards, Wainfleet St Mary, Burgh le Marsh, Thorpe Saint Peter, Ingoldmells, together with these postcodes PE25 1RB, PE25 1FP, PE25 1EP, PE25 1AS, PE25 1DT, PE25 1TQ, PE25 1BL, PE25 1HW, PE25 1RR, PE25 1AN. Local Skegness financial advisors will likely have the postcode PE24 and the telephone code 01754. Checking this out can guarantee you access local financial advisers. Skegness householders are able to utilise these and lots of other related services. Click the "enquiry" banner or form to get specifics of financial advisors in your location.

Pension Planning

Secure retirement hinges on the vital aspect of pension planning. Engaging the services of a financial advisor can be instrumental in achieving a considerable enhancement of this process. A personalised pension solution will be designed by a qualified advisor after assessing your current financial circumstances and understanding your retirement goals. They navigate the complexities of UK pension alternatives, such as the State Pension, workplace pensions, and self-invested personal pensions. You can leverage their expertise to make informed decisions about contributions, tax implications and investment choices. Ensuring that you create a solid pension plan, providing financial stability and peace of mind for your future, is achieved by working with a financial advisor in Skegness.

The State Pension is a key component of UK pension planning, as it provides a basic level of retirement income that is guaranteed by the government. The amount of State Pension you receive will normally depend on how many National Insurance contributions you have made over your working life. However, the complexities of the State Pension scheme have become essential to understand, due to changes to the State Pension age and the number of qualifying years. (42316)

Skegness Financial Advice Services

Financial Advice Tasks Skegness

There are a wide range of services which can be provided by your local Skegness financial advisor including corporate bonds, unit trusts in Skegness, stakeholder pension advice in Skegness, cashflow analysis in Skegness, equity release in Skegness, personal protection, pension planning, annuity purchases in Skegness, pension reviews, investment reviews, business protection, trustee investment services, pension consolidation Skegness, retirement advice Skegness, personal financial planning Skegness, corporate financial planning, income protection advice, annuities, cash flow modelling, trusts, pension drawdowns, general financial planning, investment bonds Skegness, financial planning, tax advice, life insurance, pension transfers, long term care fee planning, mutual funds in Skegness, business financial planning, and more. These are just an example of the tasks that can be handled by a financial advisor. Skegness professionals will be happy to tell you about their whole range of financial services.

A Financial Advisor's Daily Tasks

  • A financial advisor produces in-depth financial reports.
  • A financial advisor meets targets for sales and performance.
  • A financial advisor maintains detailed records of customers and transactions.
  • A financial advisor provides education, consultation and counselling regarding investments and finances.
  • A financial advisor negotiates with financial product providers.
  • A financial advisor chats with customers about their plans and finances.
  • A financial advisor works together with peers to collect trends, market information and statistics.
  • A financial advisor recommends the financial products that are best-suited to clients.
  • A financial advisor keeps up to date with new products and regulation changes.
  • A financial advisor constantly updates clients regarding their investments.

Financial Advisors Near Skegness

Also find: Seacroft financial advisors, Orby financial advisors, Hogsthorpe financial advisors, Thorpe Saint Peter financial advisors, Wainfleet St Mary financial advisors, Roman Bank financial advisors, Croft financial advisors, Ingoldmells financial advisors, Addlethorpe financial advisors, Seathorne financial advisors and more. Anybody who is looking for financial advice, will discover that these types of services are readily available in most of these areas. Property owners in the region can make enquiries about financial advice by going here.

Skegness Financial Advice Services

Find a Financial Advisor in Skegness Here
Financial Advice Enquiries in Skegness Lincolnshire (01754)
  • Skegness Independent Financial Advice
  • Skegness Estate Planning
  • Skegness Trustee Investments
  • Skegness Pension Advice
  • Skegness Cashflow Analysis
  • Skegness Wealth Management
  • Skegness Retirement Advice
  • Skegness Financial Advice Quotations
  • Skegness Tax Advice
  • Skegness Mortgage Advice
  • Skegness Financial Services
  • Skegness Life Insurance Advice
  • Skegness Cheap Financial Advice
  • Skegness Investment Advice

More Skegness Services: Of course, whenever you happen to be looking at your finances in Skegness, Lincolnshire, you will probably be in need of all sorts of different services and as well as a financial advisor in Skegness, Lincolnshire, you could additionally need banruptcy lawyers in Skegness, contracts lawyers in Skegness, mortgage advice in Skegness, investment advisors in Skegness, payroll services in Skegness, business consulting in Skegness, mortgage brokers in Skegness, debt recovery & collection in Skegness, bookkeepers in Skegness, tax preparation in Skegness, accountants in Skegness, family lawyers in Skegness, property law & conveyancing in Skegness, solicitors in Skegness, estate planning in Skegness, wills in Skegness, business financial planning in Skegness, and other different Skegness experts.

For the best local info about Skegness, Lincolnshire go here

Independent financial advisor in PE24 area, phone code 01754.

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(This financial advisor Skegness article was reviewed and updated on 20-02-2024)