Financial Advisor Southport

Southport Independent Financial Advice & Investment

Financial Advisor Southport Merseyside (PR8): Locating a decent financial advisor advisor in the Southport area can be a daunting experience, especially if you are needing financial advice for the first time. Whether you are searching for mortgage, pension, investment or even insurance guidance, all professional financial advisors have one thing in common; they must all observe the regulations set by the FCA (Financial Conduct Authority). Any advice given through a FCA certified financial advisor in Southport comes with guarantees that if things go awry, you've got access to the Financial Ombudsman or the Financial Services Compensation Scheme.

Free Southport Financial Advisor Quotes

A good starting place in choosing a financial advisor in Southport can be friends and family, but remember that the kind of advice you're looking for might be different to theirs. Financial advice needs to be individually tailored to your unique situation, and you will find that some financial advisors might not be suitable for your requirements. To check out the options they're offering and find a financial advisor you can trust and feel at ease with, it is wise to talk with at least three different firms, because selecting a financial advisor is an important decision.

Financial Advisor Southport Merseyside (PR8)

Restricted advisors and independent financial advisors (IFA), are the two main types of financial advisor in Southport. An IFA will not be limited to the products or services of just one provider. Independent financial advice should cover the full spectrum of financial products and companies, and must be given in an unbiased way. Using an IFA should allow you to choose from the broadest possible range of services. If you use a restricted advisor you'll discover that they may be restricted to services and products of a particular provider, or as with a mortgage advisor, may only be involved with one solitary product.

Before any financial advisor accepts you as a client, they're required by the Financial Conduct Authority to discuss their charges with you. Although it varies in accordance with the type of product you're interested in, there could be a set fee, an hourly rate, or you might even be charged a proportion of the money you are investing. To discuss your objectives and see if the advisor is a right fit for your situation, a free preliminary consultation might be offered. Your account may be handled by a team rather than one individual advisor, if you decide to use one of the larger Southport firms.

Financial Advisors Southport UK (01704)

To summarise your targets and financial situation to the advising firm, you'll be asked to fill out a "Fact Find" form, which is a confidential disclosure document. An Initial Disclosure, or Key Facts Document will also be handed to you, providing information regarding the financial advisors themselves, explaining the extent of their permissions in the financial market and their situation for offering independent or restricted advice. This document should also make clear your rights and your options if you're not satisfied with the service provided, and wish to make a complaint. It has to be easily understood, written in plain English, and explain precisely what you're committing yourself to, together with the risks and benefits of going along with the advice. You will find the amount of cooling-off period in this document. This makes it possible for you to have a change of heart within a specific number of days, and cancel your agreement with the financial advisor.

When chatting with your financial advisor the very first time you'll want to check their experience and qualifications. You needn't be embarrassed about asking such questions, after all you're on the verge of entrusting your financial wellbeing to their expertise. Every financial advisor in Southport must be able 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, don't stress if your specific financial advisor's name does not appear on there; you will probably find the company name, and that means the legislation covers all of their staff. The individual may still offer financial guidance instead of advice, if these cannot be presented. Guidance differs to advice as it isn't regulated, and if mistakes are made there will probably be no recourse to the client.

Financial Advisor Quotes in Southport Merseyside

If you are looking for advice on investing money you will be asked the level of risk you are prepared to take. Bigger rewards may be possible with high risk investments, however you could also lose all or some of your money. Your savings aims will need to be carefully considered if good quality investment and financial advice is to be given, i.e. how much you have to invest, short or long term investments and how quickly you need to access your funds. You must always ask yourself the one crucial question, how much money can you truly afford to lose. This is commonly called your 'capacity for loss' and could affect the services and products that are offered to you.

Financial Advice Near Southport Merseyside

If you've already got any current investments, savings, mortgage loans or regular payments, you should let your financial advisor know about these. This should give a full and clear picture of your financial circumstances, without which the advice you're given might not be the best for you. Spreading the risk load across various products by diversifying your investments and savings, is something that good quality financial advice should embrace. In order to match your goals and financial situation, a qualified financial advisor in Southport will be aware of the best products to consider.

Your financial advisor will communicate in the clearest possible way, to open up the complex 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 can maybe ask your advisor to only include ethical investment and savings schemes. This does not just give you investment opportunities, but also allows you to lend your support to zero carbon or renewable energy projects, and stay away from businesses that do not share the same values as you.

It may prove hard to manage your work day and other obligations around a close working relationship with your financial advisor in Southport. This can be reduced by supplementing one-on-one appointments with video conferencing and telephone calls, therefore enabling you to seek the guidance you need at convenient times. Home and remote working is now a large part of our society, and a competent financial advice firm in Southport will have stringent measures in place to ensure your details are kept confidential and secure, even if you rarely have an in-person meeting with your personal advisor.


Investment values can go down as well as up, and this is a factor that you need to remember. If your investment is not making the amount of money you were hoping for, it can be extremely demoralising and stressful. However, unless it's because of misleading or incorrect information from your advisor your investment having a downward trend is not a recognised cause for complaint.

Independent Financial Advisor Near Southport (PR8)

Any complaints should begin with the firm's complaints procedure as detailed in the Key Facts Document. If the issue is unresolved within the time schedule laid down by the regulating authority, and your advisor is a member of the Financial Conduct Authority, you can contact the Financial Ombudsman.

The Financial Ombudsman will come to a decision after independently reviewing the cause of the complaint. If the complaint is justified, a decision is made on how to financially compensate the customer. On acceptance by the client, the decision becomes legally binding, and the advisor and their firm must abide by it. Any inconvenience, annoyance, hassle and distress caused to the client during the process, will be accounted for when the Ombudsman establishes the level of compensation.

Book a Financial Advisor in Southport UK

Financial advice can be provided in Southport and also in nearby places like: Snape Green, Mere Brow, Sollom, Tarlscough, Birkdale, Holmeswood, Rufford, Carr Cross, Halsall, Tarleton, Churchtown, Holmes, Ainsdale on Sea, Formby, Banks, Smithy Lane Ends, Scarisbrick, Liverpool, as well as in these postcodes PR8 1NB, PR8 1RN, PR8 1AS, PR8 1QR, PR8 1DA, PR8 1EG, PR8 1RX, PR8 2AY, PR8 1SQ, PR8 1HH. Locally based Southport financial advisers will likely have the telephone code 01704 and the postcode PR8. Verifying this will ensure that you access local financial advisers. Southport householders will be able to utilise these and numerous other related services.

Pension Planning

A secure retirement is achieved through the vital process of pension planning. The process can be significantly enriched through the involvement of a financial advisor's services. Designing a personalised pension strategy, a knowledgeable advisor will assess your current financial circumstances and understand your retirement goals. They handle the complexities of UK pension choices, which encompass the state pension, workplace pensions, and self-invested personal pensions (SIPPs). Making informed decisions about investment choices, tax implications and contributions can be achieved by leveraging their expertise. The creation of a robust pension plan, providing peace of mind and financial stability for your future, is a result of working with a financial advisor in Southport.

The State Pension is the foundation of UK pension planning, as it provides a basic level of retirement income that is essential for many individuals. A person's National Insurance contributions over their working life usually determine their eligibility for the State Pension. The changes to the number of qualifying years and the State Pension age have made it vital to understand the intricacies of this scheme. (42316)

Southport Financial Advice Services

Financial Advice Tasks Southport

There is a range of services that are provided by your local Southport financial advisor including ethical investment advice in Southport, investing an inheritance, inheritance tax planning, divorce financial planning, pension drawdowns, pension advice Southport, trustee investment services, annuity purchases Southport, bereavement benefit advice Southport, corporate financial planning, business protection Southport, pensions in divorce, corporate bonds in Southport, independent financial advice, unit trusts, money planning, savings advice, will writing services in Southport, financial analyst services Southport, personal protection Southport, trusts, pension reviews, retirement plans, investment plans, offshore investment advice, stakeholder pensions in Southport, long term care fee planning, saving for children Southport, bridging finance, critical illness cover, and lots more. Listed are just an example of the duties that can be carried out by a financial advisor. Southport professionals will be happy to inform you of their whole range of financial services.

Skills Necessary for a Financial Advisor

  • Effective business management skills for the negotiation of product prices.
  • To have the ability to listen attentively
  • To have a flexible approach to work.
  • Excellent verbal communication skills.
  • The ability to sell financial products and services.
  • To be thorough and pay attention to detail.
  • A competent level of mathematical knowledge for producing financial plans.
  • A good understanding of accounting and economics with regard to financial markets and products.
  • Excellent customer service skills for finding out client requirements.
  • To be able to network and build solid relationships with customers.
  • To have good IT skills.

A Financial Advisor's Everyday Duties

  • Keeping a record of transactions and clients.
  • Updating clients about their investments.
  • Speaking with clients regarding their finances and plans.
  • Working with peers to obtain statistics, trends and market information.
  • Providing education, consultation and counselling regarding finances and investments.
  • Meeting targets for performance and sales.
  • Producing in-depth financial reports.
  • Keeping fully abreast of new financial products and law changes.
  • Researching financial products and explaining them clearly and simply to customers.
  • Thrashing out advantageous deals with with financial product providers.

Financial Advisors Near Southport

Also find: Ainsdale on Sea financial advisors, Smithy Lane Ends financial advisors, Churchtown financial advisors, Mere Brow financial advisors, Sollom financial advisors, Birkdale financial advisors, Halsall financial advisors, Holmes financial advisors, Holmeswood financial advisors, Tarlscough financial advisors, Scarisbrick financial advisors, Rufford financial advisors, Snape Green financial advisors, Carr Cross financial advisors and more. Anyone who is looking for financial advice, will discover that such services are readily available in pretty much all of these places. Home and property owners in these localities can make enquiries about financial advice by going here.

Southport Financial Advice Services

Find a Financial Advisor in Southport Here
Financial Advice Enquiries in Southport Merseyside (01704)
  • Southport Estate Planning
  • Southport Wealth Management
  • Southport Trustee Investments
  • Southport Tax Advice
  • Southport Investment Advice
  • Southport Cashflow Analysis
  • Southport Retirement Advice
  • Southport Life Insurance Advice
  • Southport Corporate Financial Planning
  • Southport Inheritance Advice
  • Southport Mortgage Advice
  • Southport Cheap Financial Advice
  • Southport Financial Advice
  • Southport Pension Advice

More Southport Services: Obviously, whenever you happen to be looking at your finances in Southport, Merseyside, you'll probably need all kinds of different services and aside from a financial advisor in Southport, Merseyside, you might additionally need property law & conveyancing in Southport, estate planning in Southport, business consulting in Southport, family lawyers in Southport, contracts lawyers in Southport, wills in Southport, payroll services in Southport, solicitors in Southport, business financial planning in Southport, mortgage brokers in Southport, accounting in Southport, debt recovery & collection in Southport, investment advisors in Southport, mortgage advice in Southport, tax preparation in Southport, banruptcy lawyers in Southport, bookkeeping in Southport, and other different Southport experts.

Financial Adviser Jobs Southport: Find financial adviser jobs near Southport by clicking here: Southport Financial Advisor Jobs

To read local Southport information look here

Independent financial advisor in PR8 area, phone code 01704.

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(This financial advisor Southport article was successfully updated on 20-02-2024)