Financial Advisor South Shields

South Shields Independent Financial Advice & Investment

Financial Advisor South Shields Tyne and Wear (NE33): It can be a daunting experience trying to locate a first-rate independent financial advisor in the South Shields area, especially if it is the very first time that you are needing financial advice. Whether you are looking for mortgage, pension, investment or even insurance advice, all professional financial advisors are bound by one simple rule; they all have to conform to the regulations laid down by the Financial Conduct Authority (FCA). Any advice given through a FCA authorised financial advisor in South Shields comes with the guarantee that if anything should go wrong, you've got access to the Financial Ombudsman Scheme or the Financial Services Compensation Scheme.

Free South Shields Financial Advisor Quotes

A decent starting point in choosing a financial advisor in South Shields may be friends and relations, but remember that the sort of advice you are searching for may be somewhat different to theirs. Not every financial advisor is suitable for everyone, and their advice should be personalised to your particular circumstances. To explore the various options they're offering and find a financial advisor that you can trust and feel at ease with, it is wise to speak to at least three different companies, because choosing a financial advisor is a big decision.

Financial Advisor South Shields Tyne and Wear (NE33)

There are two main kinds of financial advisor in South Shields; independent financial advisors and restricted advisors. Offering a more extensive range of options, an IFA won't be limited to a single company's products and services. Independent financial advice should encompass the whole spectrum of financial companies and products, and must be given in an unbiased way. If you opt to use an independent financial advisor, you will be able to select from the broadest possible array of products, in order to find the ideal solution for you. A restricted financial advisor may be limited to products and services from a single provider, or might even focus on a specific product, as in the case of a mortgage advisor.

Before any South Shields financial advisor accepts you as a client, they're required by the Financial Conduct Authority to tell you about their charges. Although it varies subject to the type of product you are looking for, there could be a set fee, an hourly rate, or you may even be charged a slice of what you are investing. To enable you to discuss your aims and find out if the advisor is suitable for you and your circumstances, you may be offered a free preliminary consultation. In some of the larger South Shields companies, you might find that your account is managed by a team rather than an individual.

Financial Advisors South Shields UK (0191)

Before any actual advice is given you'll be asked to fill out a confidential disclosure form, called a "Fact Find" document, which tells the advising company about your objectives and financial situation. An Initial Disclosure Document, or Key Facts Document will also be handed to you, to provide details about the financial advisors themselves, outlining the extent of their permissions in the financial sector and their situation for offering restricted or independent advice. If you aren't happy with the service, and wish to submit a complaint, this document will also lay down your own legal rights and the possible options you can take. It should describe what you are committing yourself to, and any possible benefits and risks should you elect to accept the offered advice, and it has to be written in plain language. You'll find the amount of cooling-off period in this document. Within a certain time period, this makes it possible for you to cancel the contract with your financial advisor.

When talking to the financial advisor the very first time you'll want to check their experience and qualifications. Don't be embarrassed about asking such questions, after all you're on the verge of entrusting your long-term financial wellbeing to their expertise. A Level 4 qualification is the minimum qualification for any financial advisor in South Shields, and they must also be able to present you with an annual Statement of Professional Standing. When checking the Financial Services Register, you shouldn't stress if your financial advisor's name doesn't appear on there; you ought to be able to locate the firm name, and this means that the legislation covers all of their employees. If they are not able to present these accreditations, the individual can't offer advice but can offer financial guidance. Guidance is somewhat different to advice as it's not regulated, and if financial mistakes occur there may be no recourse to the client.

Financial Advisor Quotes in South Shields Tyne and Wear

If it is investments that you're interested in, your advisor will ask you about the level of risk you might be ready and able to take on with your hard-earned cash. Higher risk investments could offer higher rewards, but some or all of your funds could be lost. Your savings objectives must be carefully considered if the best investment advice is to be given, i.e. long or short term investments, how quickly you need to access your money and how much you wish to invest. You should always ask yourself the one vital question, how much money can you afford to lose. This could influence the services and products that could be offered for your consideration, and is commonly called your 'capacity for loss'.

Financial Advice Near South Shields Tyne and Wear

If you already have any existing mortgages, investments, personal savings or regular outgoing payments, you should let your financial advisor know about these. To ensure that you receive the most appropriate advice for you, they need to have a full and clear picture of your financial situation. Good quality financial advice should allow for diversifying your investments and savings by spreading the risk across various products. A seasoned financial advisor in South Shields will have the knowledge of the best products to consider, which reflect your goals and your financial situation.

Your financial advisor will attempt to communicate in as much plain speech as possible, while revealing the multifaceted world of finance. After comparing the various services and products that meet your needs, you should be in a position to come to an informed and educated decision. You could perhaps ask your advisor only to specify ethical investments and savings. This not only gives you investment possibilities, but also allows you to support zero carbon or renewable energy projects, and keep away from businesses and companies that do not share the same values as you do.

Working together with your financial advisor in South Shields can be tricky to manage around your work life and other obligations. This can be alleviated by supplementing one-on-one appointments with telephone calls and video conferencing, thus enabling you to get the advice you need at times that are convenient. An experienced financial advice provider in South Shields will have stringent measures in force to ensure your details are kept secure and confidential, even if you never have a one-to-one meeting with your advisor, because remote and home working is no longer unusual.


You have to bear in mind that the financial sector can be a volatile one, and the value of your investments could just as easily go down as well as up. It can be quite frustrating and worrying if your investment is not making as much money as you were hoping for. Sadly, a downward spiral in your investment is not a recognised cause for complaint, unless of course it is down to wrong or misleading information from your advisor.

Independent Financial Advisor Near South Shields (NE33)

Any complaints should start out with the firm's official complaints procedure as laid out in the Key Facts Document. If the advisor is registered with the FCA, you can let the Financial Ombudsman know about the problem if it remains unresolved within the time set out by the regulating body.

The Financial Ombudsman will look into the cause for complaint and come to a decision. If it is established that the complaint is justified, a decision will be made on how the client can be compensated. Once agreed on by the customer, the decision becomes a legally binding one, and the financial advisor and their company must comply with it. Any compensation fixed by the Ombudsman will also take into consideration any hassle, distress, inconvenience and annoyance caused to the client during the situation.

Book a Financial Advisor in South Shields UK

Financial advice can be provided in South Shields and also nearby in: Whitburn, Cleadon, Simonside, Jarrow, West Park, Boldon Colliery, East Boldon, Marsden, Westoe, Monkwearmouth, Fulwell, West Boldon, Primrose, Seaburn, Harton, West Harton, Horsley Hill, as well as in these postcodes NE33 2DT, NE33 1DA, NE33 2EF, NE33 1BH, NE33 1DL, NE33 1SE, NE33 2EH, NE33 1NW, NE33 1SG, NE33 2AJ. Locally based South Shields financial advisers will most likely have the postcode NE33 and the telephone dialling code 0191. Verifying this can guarantee you're accessing locally based financial advisers. South Shields homeowners are able to benefit from these and many other related services.

Pension Planning

Pension planning is a key step towards a secure retirement. Considerable process improvement is attainable through the engagement of a financial advisor's services. Assessing your current financial situation, an experienced advisor will understand your retirement objectives and design a personalised pension plan. Navigating the complexities of UK pension choices, they deal with the state pension, workplace pensions, and self-invested personal pensions. To make informed decisions about contributions, investment choices and tax implications, you can take advantage of their expertise. To create a solid pension plan, providing financial stability and peace of mind for your future, working with a financial advisor in South Shields is essential.

UK pension planning is heavily reliant on the State Pension, since it is the only guaranteed source of retirement income for most people. A person's National Insurance contributions over their working life generally determines their eligibility for the State Pension. The importance of understanding the intricacies of the State Pension scheme has increased, due to changes to the State Pension age and the number of qualifying years needed. (42316)

South Shields Financial Advice Services

Financial Advice Tasks South Shields

There is a wide range of services that are provided by your local South Shields financial advisor including pension reviews, stakeholder pensions, pension advice, multi-asset portfolios, mutual funds, financial advice services, personal pensions advice, bridging finance in South Shields, corporate financial planning, independent financial advice, pension drawdowns in South Shields, trustee investment services in South Shields, life insurance advice in South Shields, mortgage advice in South Shields, ethical investments, financial analyst services, portfolio management in South Shields, divorce planning, bereavement benefit advice, annuities, pension transfer advice in South Shields, income protection in South Shields, pension consolidation advice, tax financial planning, investing an inheritance South Shields, saving for children, equity release, wealth management, cash flow modelling, pension planning, and lots more. These are just a few of the tasks that can be conducted by a financial advisor. South Shields professionals will inform you of their entire range of financial services.

A Financial Advisor's Daily Tasks

  • Working in conjuction with peers to gather trends, market information and statistics.
  • Meeting targets for sales and performance.
  • Recommending the best-suited financial products to clients.
  • Keeping abreast of new products and regulation changes.
  • Negotiating with financial product providers.
  • Speaking with customers about their finances and plans.
  • Consistently updating customers about their investments.
  • Maintaining detailed records of potential transactions and customers.
  • Providing counselling, consultation and education regarding investments and finances.
  • Producing in-depth financial reports.

Financial Advisors Near South Shields

Also find: Harton financial advisors, West Harton financial advisors, West Boldon financial advisors, East Boldon financial advisors, Seaburn financial advisors, Simonside financial advisors, Primrose financial advisors, Boldon Colliery financial advisors, Monkwearmouth financial advisors, Marsden financial advisors, Horsley Hill financial advisors, Westoe financial advisors, West Park financial advisors and more. The majority of these areas are catered for by financial advisors. Home and property owners in these places can make enquiries about financial advice by going here.

South Shields Financial Advice Services

Find a Financial Advisor in South Shields Here
Financial Advice Enquiries in South Shields Tyne and Wear (0191)
  • South Shields Mortgage Advice
  • South Shields Estate Planning
  • South Shields Cashflow Analysis
  • South Shields Life Insurance Advice
  • South Shields Corporate Financial Advice
  • South Shields Inheritance Advice
  • South Shields Investment Advice
  • South Shields Financial Services
  • South Shields Financial Advice Quotes
  • South Shields Financial Advice
  • South Shields Trustee Investments
  • South Shields Cheap Financial Advice
  • South Shields Tax Advice
  • South Shields Retirement Planning

Financial Advisor Jobs South Shields: View financial adviser jobs near South Shields by going here: General Financial Advisor Jobs

To find out local South Shields information go here

Independent financial advisor in NE33 area, 0191.

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(This financial advisor South Shields content was checked and updated on 20-02-2024)