Financial Advisor Taunton

Taunton Independent Financial Advice & Investment

Financial Advisor Taunton Somerset (TA1): Finding a decent financial advisor advisor in Taunton can be an intimidating experience, in particular if you're seeking financial advice for the first time. Nevertheless, all professional financial advisors are bound by one simple rule; they must all adhere to the regulations of the FCA (Financial Conduct Authority), regardless of whether you're looking for pensions, investments, mortgage or even insurance advice. Any advice given through a FCA certified financial advisor in Taunton comes with the guarantee that should things go wrong, you've got access to the Financial Services Compensation Scheme or the Financial Ombudsman Scheme.

Free Taunton Financial Advisor Quotes

When choosing a financial advisor in Taunton, a good place to begin could be relatives and friends, however you must keep in mind that your situation might not be in line with theirs, and you may need a different kind of advice. Their advice needs to be tailored to your unique situation, and every financial advisor isn't suitable for everyone. To investigate the various options they can provide and find a financial advisor that you feel comfortable with and can trust, it pays to speak with at least three different companies, because picking a financial advisor is a major decision.

Financial Advisor Taunton Somerset (TA1)

There are two principal kinds of financial advisor in Taunton; restricted advisors and independent financial advisors (IFA). An independent financial advisor should not be limited to the services or products of a single company. Independent financial advice must be provided in an impartial and unbiased way and should cover the entire gamut of financial companies and products. Consulting an IFA should allow you to choose between the broadest possible array of products. A restricted financial advisor could be involved with a single product, as with a mortgage advisor, or be limited to services and products from a specific firm.

Before any financial advisor takes you on as a client, they're required by the Financial Conduct Authority to tell you about their charges. You might be charged a set fee, by the hour or perhaps even a proportion of your investment value, based upon kind of services you are interested in. To discuss your goals and determine whether the advisor is the proper choice for you and your situation, you might be offered a free initial consultation. Your account could be handled by a team as opposed to one individual advisor, if you decide to use one of the larger companies in Taunton.

Financial Advisors Taunton UK (01823)

Before any advice is handed out you'll be asked to fill in a confidential disclosure form, called a "Fact Find" document, which informs the advising company about your ambitions and financial situation. To provide information regarding the financial advisor, their status to offer independent or restricted advice and the scope of their permissions in the financial market, you'll also be handed an Initial Disclosure, or Key Facts Document. If you are not happy with the service provided, and wish to complain, this document will also set down your legal rights and the possible options you can take. It should be written in plain English and detail what you're signing up for, and any possible risks and benefits that exist if you opt to take the offered advice. The allowed cooling-off period should also be explained in this Key Facts Document. This allows you to have a change of heart within a specific period of time, and cancel the agreement with your financial advisor.

When talking with the financial advisor initially ensure that you check their qualifications and experience. You shouldn't be self-conscious about asking these questions, after all you are on the verge of entrusting your financial future to their expertise. A Level 4 qualification is the minimum qualification for any Taunton financial advisor, and they also have to be able to provide you with an annual Statement of Professional Standing. You should not worry if your particular financial advisor's name does not appear on the Financial Services Register, providing the firm is on the register, their personnel will be covered by the legislation. If these can't be presented the individual may still offer financial guidance rather than financial advice. Guidance is somewhat different to advice as it's not regulated, and if financial blunders are made there will probably be no recourse to either party.

Financial Advisor Quotes in Taunton Somerset

If it is investing money that you are interested in, the advisor will enquire about the level of risk you might be ready and able to accept with your hard-earned cash. Many investments carry some element of risk, but higher risk investments could offer higher rewards, but also more chance of losing your capital. The best investment and financial advice should take into account your savings aims, i.e. how much you wish to invest, short or long term investments and how quickly you need access to your money. You must invariably ask yourself the one vital question, how much money can you afford to lose. This may affect the products and services that you're offered, and is called your 'capacity for loss'.

Financial Advice Near Taunton Somerset

You need to tell your financial advisor about your existing investments, mortgage loans, savings or regular outgoing payments. They'll need this information, so that they can get a picture of your financial circumstances and give the correct advice for you. Good quality financial advice should include diversifying your investments and savings by spreading the risk across various products. In order to mirror your financial circumstances and your goals, a competent financial advisor in Taunton will have the knowledge of the best products to consider.

Your financial advisor will communicate in the clearest possible way, to unveil the complex world of finance. This will permit you to compare products and services which meet your needs, and make an informed decision. You can maybe ask your advisor to only specify ethical savings and investments. This allows you to support businesses and companies which address your concerns, i.e. green energy or zero carbon, or perhaps staying away from investments that don't meet your requirements.

It is not that easy to work closely with a financial advisor in Taunton without this impacting your work and other commitments. Face-to-face appointments can be complemented with video conferencing and telephone to enable you to seek advice at a time to suit you. Home and remote working is now so common, and a competent financial advice provider in Taunton will have stringent measures in place to keep your details confidential and secure, even if you never have a face-to-face meeting with your advisor.


Investments can be a volatile area, and their values could fall as well as rise. If it just so happens that your investment is not making the amount of money you hoped for, it can be a frustrating and stressful time. Sadly, your investment having a downward trend isn't a recognised basis for complaint, except if it's down to misleading or wrong information from your advisor.

Independent Financial Advisor Near Taunton (TA1)

Any complaints should start with the company's complaints procedure as laid out in the Key Facts Document. If the matter remains unresolved within the period stipulated by the regulating body, and the financial advisor is a member of the FCA, you can inform the Financial Ombudsman.

The Financial Ombudsman will make a ruling after reviewing the cause for complaint independently. If the complaint is found to be justified, a decision is made on how to financially compensate the client. The financial advisor and their company must comply with any decision that's made, which becomes legally binding once the client has accepted it. Any annoyance, inconvenience, distress and trouble caused to the customer during the situation, will be taken into account when the Ombudsman sets the level of compensation.

Book a Financial Advisor in Taunton UK

Financial advice can be provided in Taunton and also in: Bradford-on-Tone, Ruishton, Bathpool, Priorswood, Creech St Michael, Holway, Trull, Galmington, Monkton Heathfield, Lambrook, Henlade, Staplegrove, Bishops Hull, Norton Fitzwarren, Obridge, together with these postcodes TA1 1AS, TA1 1DU, TA1 1JU, TA1 1AT, TA1 1JY, TA1 1PA, TA1 1EU, TA1 1EP, TA1 1AJ, TA1 1LT. Local Taunton financial advisors will most likely have the postcode TA1 and the dialling code 01823. Checking this out should ensure you're accessing locally based financial advisers. Taunton homeowners are able to benefit from these and countless other similar services.

Taunton Financial Advice Services

Financial Advice Tasks Taunton

There are a whole host of services which can be provided by your local Taunton financial advisor including bridging finance in Taunton, financial services in Taunton, savings advice, general financial planning, multi-asset portfolios in Taunton, will writing services, family income benefit, pension consolidation Taunton, critical illness cover, pension plans in Taunton, bereavement benefits in Taunton, inheritance tax planning, mortgage financial planning, investing an inheritance, long term care fee advice, saving for children, portfolio management, income protection advice, financial planning, corporate bonds in Taunton, mutual funds, cashflow planning, pension reviews Taunton, personal pensions Taunton, investment planning, life insurances, tax planning Taunton, personal financial planning in Taunton, pension drawdowns, unit trusts, and lots more. These are just some of the duties that can be conducted by a financial advisor. Taunton professionals will let you know their entire range of services.

A Financial Advisor's Regular Tasks

  • A financial advisor maintains detailed records of customers and transactions.
  • A financial advisor talks to clients regarding their plans and finances.
  • A financial advisor produces financial reports.
  • A financial advisor collaborates with financial product providers.
  • A financial advisor updates customers regarding their investments.
  • A financial advisor recommends the financial products that are best-suited to clients.
  • A financial advisor works with peers to gather trends, statistics and market information.
  • A financial advisor keeps up to date with legislation changes and new financial products.
  • A financial advisor provides education, counselling and consultation regarding investments and finances.
  • A financial advisor meets sales and performance targets.

Financial Advisors Near Taunton

Also find: Staplegrove financial advisors, Bradford-on-Tone financial advisors, Trull financial advisors, Holway financial advisors, Ruishton financial advisors, Henlade financial advisors, Priorswood financial advisors, Obridge financial advisors, Lambrook financial advisors, Bathpool financial advisors, Creech St Michael financial advisors, Bishops Hull financial advisors, Galmington financial advisors, Norton Fitzwarren financial advisors and more. All these places are covered by financial advisors. Business and home owners in the area can make enquiries about financial advice by clicking here.

Taunton Financial Advice Services

Find a Financial Advisor in Taunton Here
Financial Advice Enquiries in Taunton Somerset (01823)
  • Taunton Retirement Advice
  • Taunton Cheap Financial Advice
  • Taunton Corporate Financial Advice
  • Taunton Pension Advice
  • Taunton Tax Advice
  • Taunton Financial Services
  • Taunton Wealth Management
  • Taunton Investment Advice
  • Taunton Cashflow Analysis
  • Taunton Estate Planning
  • Taunton Mortgage Advice
  • Taunton Life Insurance Advice
  • Taunton Inheritance Advice
  • Taunton Trustee Investments

To obtain local Taunton information go here

Financial Advisor Jobs Taunton: See financial advisor jobs near Taunton by clicking here: General Financial Advisor Jobs

Independent financial advisor in TA1 area, and dialling code 01823.

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(This financial advisor Taunton information was edited and updated on 20-02-2024)