Financial Advisor Tynemouth

Tynemouth Independent Financial Advice & Investment

Financial Advisor Tynemouth Tyne and Wear (NE30): Locating a decent independent financial advisor in Tynemouth can be a challenging experience, in particular if you're seeking financial advice for the first time. Whether it is pensions, mortgage, investments or even insurance guidance that you're after, there is one common rule for all financial advisors; they all have to stick to Financial Conduct Authority regulations. The good thing about this is that should a financial advisor who is FCA registered give you bad advice, and anything goes awry, you have guarantees, and are able to contact the Financial Services Compensation Scheme or the Financial Ombudsman Scheme to have it put right.

Free Tynemouth Financial Advisor Quotes

Neighbours and friends recommendations can be a decent starting point in selecting a financial advisor in Tynemouth, but bear in mind that their circumstances might be different to the sort of advice you're looking for. Not every financial advisor is suitable for everyone, and their advice should be adapted to your unique situation. Selecting the right financial advisor is crucial and it is wise to chat to at least 3 different companies so as to check out the various options they can provide, and to find one you can trust and feel at ease with.

Financial Advisor Tynemouth Tyne and Wear (NE30)

When it comes to picking a financial advisor in Tynemouth, there are two principal types; independent financial advisors and restricted advisors. Offering a wide range of options, an IFA will not be restricted to the products and services of just one company. Independent financial advice should cover the whole gamut of financial products and companies, and must be offered in an unbiased way. Using an IFA should enable you to choose from the broadest possible range of products. If you go to a restricted financial advisor you'll soon realise that they might be limited to products and services of one particular firm, or as with a mortgage advisor, might only be involved with one product.

The FCA demands that any financial advisor must tell you about their charges, before accepting you as a client. You could be charged by the hour, a set fee or perhaps even a proportion of your investment value, subject to type of service you're interested in. You could be offered the possibility of a free first consultation to allow you to discuss your objectives and see if the advisor is the proper choice for your situation. In some bigger Tynemouth companies, you could find that your account is being managed by a team as opposed to an individual advisor.

Financial Advisors Tynemouth UK (0191)

To describe your aims and financial situation to the advising company, you will be asked to fill out 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 information about the financial advisors themselves, detailing the scope of their permissions in the financial sector and their situation for offering restricted or independent advice. This document will also set down your own rights and the possible options you can take if you aren't satisfied with the service, and would like to complain. It should be typed out in plain English and detail what you're signing up for, and any potential benefits and risks that exist should you opt to accept the offered advice. This document should also inform you about the cooling-off period. This permits you to change your mind within a specific time period, and cancel your agreement with the financial advisor.

The first time you are chatting with your financial advisor ensure that you check what experience and qualifications they have. Asking these questions should never cause you any embarrassment, because you're about to entrust them with your financial wellbeing. Every financial advisor in Tynemouth must be able to present an annual Statement of Professional Standing, and must hold at least a Level 4 qualification. When you check the Financial Services Register, you don't need to panic if your financial advisor's name doesn't appear on there; you will probably locate the firm name, and that means the legislation covers all of their staff. If these can't be presented the person can still offer financial guidance rather than advice. In terms of finance guidance differs to advice and is not regulated in the same way. Therefore there isn't any recourse for either party if financial mistakes are made.

Financial Advisor Quotes in Tynemouth Tyne and Wear

If it's investing money that you are interested in, the advisor will want to know the level of risk you might be ready to accept with your hard-earned money. Many investments carry some degree of risk, but higher risk investments could potentially offer substantial rewards, but also more likelihood of losing your funds. Your savings aims will need to be taken into account if the best investment and financial advice is to be given, i.e. how much money you want to invest, long or short term investments and how rapidly you need access to your money. "How much can you truly afford to lose?" Is the one crucial question that you should really be asking yourself. Generally referred to as your 'capacity for loss', this will most likely have an effect on services and products that you are offered.

Financial Advice Near Tynemouth Tyne and Wear

You will have to let your financial advisor know about your existing investments, savings accounts, regular outgoing payments or mortgage loans. They'll need these details, so they can get a picture of your financial circumstances and give the best advice for your needs. Diversifying your savings and investments by spreading the risk load across various products, is an important part of reliable financial advice. In order to mirror your goals and financial circumstances, a professional financial advisor in Tynemouth will be aware of the best areas to consider.

Your financial advisor will communicate in as much plain speech as possible, to throw open the multifaceted world of finance. After learning about the various services and products which match your needs, you should be able to come to an informed and deliberative decision. If environmental issues are important to you, you could perhaps ask that ethical investment and savings schemes take top priority. You can then stay clear of businesses that companies meet your requirements, and instead lend your support to those companies and enterprises that match your concerns, for example green energy or zero carbon.

Working alongside your financial advisor in Tynemouth can be tricky to fit in around work and other obligations. Face-to-face appointments can be augmented with video conferencing and phone calls to enable you to get advice at times that suit you. Even if you never have a face-to-face meeting with your personal advisor, any competent financial advice firm in Tynemouth will have strict measures in place to ensure your details are kept confidential and secure, because working from home and remote working is now a large part of our society.


Investments can go down as easily as they can go up, as the financial world can be unpredictable. It can be very worrying and disheartening if your investment is not making the amount of money you were hoping for. However, unless it's owing to wrong or misleading information from your advisor your investment having a downward trend isn't seen as a basis for complaint.

Independent Financial Advisor Near Tynemouth (NE30)

The firm's complaints procedure should be the starting position for any disputes, and the Key Facts Document will discuss this. If your financial advisor is registered with the FCA, you can inform the Financial Ombudsman of the problem if it remains unsolved within the period set out by the regulating authority.

After reviewing the cause of the complaint, the Financial Ombudsman will come to a decision on the issue. If it's established that the complaint is justifiable, a decision will be made on how the client can be compensated or the situation rectified. Once agreed on by the client, the decision becomes a legally binding one, and the financial advisor and their firm must comply with it. The Ombudsman will also take into consideration any trouble, inconvenience, distress and annoyance caused to the customer during the process, and set the level of compensation accordingly.

Book a Financial Advisor in Tynemouth UK

Financial advice can be provided in Tynemouth and also in nearby places like: Whitley Bay, Monkseaton, Holystone, Cullercoats, Chirton, Willington Quay, Wallsend, South Wellfield, North Shields, Percy Main, Murton Village, South Shields, Earsdon, West Allotment, as well as in these postcodes NE30 4HD, NE30 2NB, NE30 2NQ, NE30 2NW, NE30 2LB, NE30 4EY, NE30 2LA, NE30 4JR, NE30 4RE, NE30 2LS. Local Tynemouth financial advisers will probably have the postcode NE30 and the telephone code 0191. Click on the "enquiry" form or banner to get information on financial advisors in your location.

Skills and Knowledge Needed by a Financial Advisor

  • A competent level of mathematical knowledge for producing financial packages.
  • To have good time management skills.
  • Excellent verbal communication skills.
  • To be capable of using a computer and the key software applications.
  • Active listening skills.
  • Good business management skills for the negotiation of product rates.
  • Effective customer service skills for identifying client requirements.
  • To have the ability to network and build solid relationships with clients.
  • An outstanding understanding of accounting and economics relating to financial markets and products.
  • To be thorough and pay attention to detail.
  • To be good at selling products and services.

Tynemouth Financial Advice Services

Financial Advice Tasks Tynemouth

There is a range of services which are provided by your local Tynemouth financial advisor including pension plans, inheritance tax planning, offshore investments, investment bonds in Tynemouth, unit trusts Tynemouth, investment advice, income protection advice in Tynemouth, financial planning in Tynemouth, stakeholder pensions Tynemouth, independent financial advice, corporate bonds, annuities Tynemouth, divorce financial planning, cheap financial advice, equity release, tax advice, business financial planning Tynemouth, long term care fee planning, cash flow modelling Tynemouth, ISA's, financial analyst services, pension advice, mortgage financial planning Tynemouth, personal financial planning Tynemouth, life insurance, and lots more.

Tyne and Wear Financial Advice Enquiries

Financial Advice Enquiries Tyne and Wear

Current Tyne and Wear financial advice enquiries: Fraser Wainwright from Percy Main recently asked for information on offshore investments. Christine Rowlinson from Hazlerigg recently enquired about pension advice. Melissa Dennis and Matthew Dennis from Dudley, Tyne and Wear recently enquired about offshore investments. Mr and Mrs Smart from Ryton recently enquired about family income benefit. Alexis and Lena Islam from Whitburn recently asked for information on equity release. Cayson and Dina Larkin from Dinnington, Tyne and Wear recently asked for information on mortgages. Riley and Coco Algar from Newburn, Tyne and Wear recently enquired about pension advice. Mr and Mrs Drury from Gosforth, Tyne and Wear recently asked for information on equity release.


Financial Advisors Near Tynemouth

Also find: Percy Main financial advisors, Willington Quay financial advisors, Monkseaton financial advisors, Holystone financial advisors, South Shields financial advisors, West Allotment financial advisors, North Shields financial advisors, Chirton financial advisors, South Wellfield financial advisors, Wallsend financial advisors, Whitley Bay financial advisors, Cullercoats financial advisors, Earsdon financial advisors, Murton Village financial advisors and more.

Tynemouth Financial Advice Services

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

Financial Advisors Around Tynemouth: Households in Station Terrace, Aldenham Gardens, Lovaine Row, Milldene Avenue, Bath Terrace, Clifford Street, Stephenson Street, Park Crescent East, Links Avenue, Rosedale Terrace, Preston Avenue, St Oswin's Place, Albury Park Road, Walker Place, North King Street, Renaissance Point, Linskill Street, Millfield Gardens, Loughborough Avenue, Aydon Close, Whittingham Close, Rodney Close, The Arcade, Birtley Avenue, Upper Queen Street, Park Avenue, Collingwood Terrace, Princeway, have needed financial advice recently. Financial advisors have also been active in these Tynemouth area postcodes: NE30 4HD, NE30 2NB, NE30 2NQ, NE30 2NW, NE30 2LB, NE30 4EY, NE30 2LA, NE30 4JR, NE30 4RE, NE30 2LS.

More Tynemouth Services: Of course, when you are looking at your finances in Tynemouth, Tyne and Wear, you are likely to need all kinds of different services and aside from a financial advisor in Tynemouth, Tyne and Wear, you may also need solicitors in Tynemouth, contracts lawyers in Tynemouth, property law & conveyancing in Tynemouth, mortgage brokers in Tynemouth, mortgage advice in Tynemouth, business consulting in Tynemouth, family lawyers in Tynemouth, payroll services in Tynemouth, wills in Tynemouth, banruptcy lawyers in Tynemouth, tax preparation in Tynemouth, estate planning in Tynemouth, business financial planning in Tynemouth, debt recovery & collection in Tynemouth, bookkeeping in Tynemouth, accounting in Tynemouth, investment advisors in Tynemouth, and other different Tynemouth experts.

For the best local Tynemouth info check here

Independent financial advisor in NE30 area, telephone code 0191.

TOP - Financial Advisor Tynemouth

Financial Advice Quotes Tynemouth - Financial Advisors Tynemouth - Financial Advisor Near Tynemouth - Personal Financial Advisors Tynemouth - Life Insurance Tynemouth - Investment Advisors Tynemouth - Mortgage Advice Tynemouth - NE30 - Independent Financial Advisor Tynemouth