Financial Advisor Wallsend

Wallsend Independent Financial Advice & Investment

Financial Advisor Wallsend Tyne and Wear (NE28): Finding a good financial advisor advisor in the Wallsend area can be a daunting experience, particularly if you are seeking financial advice for the first time. Whether you're looking for mortgage, pension, investment or even insurance guidance, all qualified financial advisors are bound by one common rule; they all have to stick to the regulations of the Financial Conduct Authority (FCA). The benefit of this is that if a financial advisor who is FCA authorised gives you poor quality advice, and things go wrong, you've got guarantees, and are able to contact the Financial Services Compensation Scheme or the Financial Ombudsman Scheme to have it put right.

Free Wallsend Financial Advisor Quotes

When selecting a financial advisor in Wallsend, a good starting point could be friends and relations, however you must remember that your circumstances might not be in line with theirs, and you may be in need of a different sort of advice. Every financial advisor is not suitable for everyone, and any advice they provide should be tailored to your particular circumstances. Picking a financial advisor is an important decision and it is wise to speak with at least three different companies so as to explore the options they provide, and to find one you can trust and feel at ease with.

Financial Advisor Wallsend Tyne and Wear (NE28)

When you are looking to pick a financial advisor in Wallsend, there are basically two main types; restricted advisors and independent financial advisors (IFA). Offering a more extensive range of options, an IFA will not be restricted to the products or services of a single company. Independent financial advice must cover the entire spectrum of financial companies and products, and must be offered in an unbiased way. If you decide to use an IFA, you'll be able to select from the widest possible range of services, so as to find the perfect solution for your needs. A restricted financial advisor might be limited to products and services from a particular company, or may even concentrate on one particular product, as can be the case with a mortgage advisor.

Before any financial advisor takes you on as a client, they are required by the FCA to fully discuss their charges with you. In accordance with the kind of services you are looking for, you could be charged a set fee, by the hour or perhaps even a proportion of your investment value. A free preliminary consultation will sometimes be offered, so you can discuss your aims and circumstances to find out if the advisor is the right choice. If you use one of the larger Wallsend firms, your account might be managed by a team of advisors rather than a single individual.

Financial Advisors Wallsend UK (0191)

You'll need to complete a "Fact Find" document, which is a confidential disclosure form relating your financial situation and objectives to the advising company. To provide details of the financial advisor, their status to offer independent or restricted advice and their range of permissions in the financial arena, you will also be given a Key Facts Document, or Initial Disclosure Document. If you are not happy with the service provided, 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 typed out in plain English and outline what you are committing yourself to, and any possible benefits and risks that exist should you opt to go along with the offered advice. You will find the level of cooling-off period in this document. Within a certain time period, this enables you to cancel the contract with your financial advisor.

You need to check what qualifications and experience 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 shouldn't be embarrassed about asking such questions. A Level 4 qualification in financial advice is the minimum qualification for any Wallsend financial advisor, and they also have to be able to present you with an annual Statement of Professional Standing. You don't need to freak out if your financial advisor's name doesn't appear on the Financial Services Register, providing the company is listed on the register, their employees will be covered by the legislation. If these can't be presented the individual may still offer financial guidance instead of advice. Guidance is not subject to regulations in the way that financial advice is, meaning that if errors occur neither party will have any recourse.

Financial Advisor Quotes in Wallsend Tyne and Wear

If it's investments that you're interested in, your advisor will enquire about the amount of risk you are ready and able to take on with your hard-earned money. Better rewards may be possible with high risk investments, however you may also lose all or some of your cash. Your savings objectives will have to be taken into account if the best investment advice is to be given, i.e. how quickly you need access to your money, long or short term investments and how much you wish to invest. You should invariably ask yourself the one important question, how much money can you afford to lose. Generally referred to as your 'capacity for loss', this will most likely affect the products and services that you are offered.

Financial Advice Near Wallsend Tyne and Wear

Right from the start, it is crucial that you tell your financial advisor about any regular outgoings, investments, savings accounts or mortgage loans that you have. To make certain that you get the best advice for you, they need to have a clear and full picture of your financial situation. The diversification of your investments and savings by spreading the risk across a number of different products, is an important part of sound financial advice. A qualified financial advisor in Wallsend will be aware of the best areas to consider, which match your goals and your financial situation.

A financial advisor will unmask the complex world of finance, and try to converse in the clearest possible way. You should be in a position to make an informed decision when you have learned about the various services and products that match your needs. If the environment is important to you, you could perhaps ask that ethical savings and investment schemes take precedence. This will allow you to give your support to companies and enterprises which match your concerns, e.g. zero carbon or renewable energy, or perhaps keeping away from corporations that don't meet your standards.

It isn't always easy to work closely with a financial advisor in Wallsend without this impacting your work and other responsibilities. To enable you to seek advice at a time to suit you, face-to-face meetings can be supplemented with telephone calls and video conferencing. A professional financial advice provider in Wallsend will have stringent measures in force to keep your details confidential and secure, even if you never have an in-person meeting with your advisor, because remote and home working is no longer unusual.


You need to remember that the financial world is an unpredictable sector, and the value of your investments could just as easily go down as well as up. If your investment isn't making the amount of money you hoped for, it can be extremely demoralising and stressful. A downward spiral in your investment isn't a recognised basis for complaint, unless your financial advisor has given you misleading or incorrect information.

Independent Financial Advisor Near Wallsend (NE28)

Any disputes should start out with the company's official complaints procedure as outlined in the Key Facts Document. You can tell the Financial Ombudsman about the issue if it is unsolved within the time set by the regulating authority, and your financial advisor is registered with the Financial Conduct Authority.

The Financial Ombudsman will look into the cause for complaint and come to a decision. A decision is made on how to rectify the situation or financially compensate the client, if the complaint is justified. Once agreed on by the customer, the ruling will become legally binding, and the financial advisor and their company must comply with it. Any distress, inconvenience, hassle and upset caused to the customer during the process, will be considered when the Ombudsman establishes the level of compensation.

Book a Financial Advisor in Wallsend UK

Financial advice can be provided in Wallsend and also nearby in: Howdon, Hebburn, Willington, Benton Square, High Heaton, Battle Hill, Heaton, Forest Hall, Willington Quay, Walkergate, Rosehill, Longbenton, Walkerville, Holystone, Murton, North Shields, and in these postcodes NE28 0AH, NE28 0QN, NE28 0DY, NE28 0HF, NE28 6BU, NE28 0HG, NE28 0AB, NE28 0QF, NE28 6BX, NE28 0LP. Locally based Wallsend financial advisers will likely have the phone code 0191 and the postcode NE28. Verifying this will confirm that you access local financial advisers. Wallsend home and business owners will be able to utilise these and various other comparable services. Simply click the "enquiry" banner to get info on financial advisors in your location.

A Financial Advisor's Everyday Duties

  • A financial advisor maintains a record of potential clients and transactions.
  • A financial advisor produces comprehensive financial reports.
  • A financial advisor provides consultation, counselling and education with regards to finances and investments.
  • A financial advisor meets targets for performance and sales.
  • A financial advisor works together with colleagues to gather statistics, market information and trends.
  • A financial advisor thrashes out advantageous deals with with financial product providers.
  • A financial advisor consistently updates customers concerning their investments.
  • A financial advisor keeps up to date with new financial products and regulation changes.
  • A financial advisor researches financial products and explains them simply and clearly to customers.
  • A financial advisor talks with customers about their finances and plans.

Wallsend Financial Advice Services

Financial Advice Tasks Wallsend

There is a variety of services which are provided by your local Wallsend financial advisor including family income benefit, corporate financial planning, trusts, retirement planning, familt controlled trusts, saving for children Wallsend, pension transfers, cashflow planning in Wallsend, annuity purchases, general financial planning in Wallsend, long term care fee advice, cash flow modelling in Wallsend, pension drawdowns, investment consolidation, money planning Wallsend, will writing services, personal financial planning in Wallsend, critical illness cover Wallsend, pension planning, stakeholder pension advice, income protection, cheap financial advice, ISA's, life insurance, investment advice in Wallsend, personal pensions advice Wallsend, investing an inheritance Wallsend, bridging finance in Wallsend, business protection, pensions in divorce, and lots more. These are just a handful of the activities that can be conducted by a financial advisor. Wallsend professionals will inform you of their whole range of financial services.


Financial Advisors Near Wallsend

Also find: Willington Quay financial advisors, Rosehill financial advisors, Longbenton financial advisors, North Shields financial advisors, Heaton financial advisors, Willington financial advisors, Walkerville financial advisors, Holystone financial advisors, Battle Hill financial advisors, Forest Hall financial advisors, Howdon financial advisors, Walkergate financial advisors, Murton financial advisors, Hebburn financial advisors, Benton Square financial advisors, High Heaton financial advisors and more. All of these areas are served by local financial advisers. Wallsend residents can get quotes by clicking here.

Wallsend Financial Advice Services

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Financial Advice Enquiries in Wallsend Tyne and Wear (0191)
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Financial Advisors Around Wallsend: In the past twelve months financial advice was provided in the following Wallsend streets: Timlin Gardens, Baird Avenue, Cambridge Avenue, Boldon Close, St Julien Gardens, Stadium Villas, Ascot Close, Bodmin Close, Curzon Road West, Augusta Court, Clifton Avenue, Shafto Street, Bolam Gardens, Beamish Close, Bathgate Close, Duke Of Northumberland Court, Ashburn Road, Aged Miners Homes, Sandholm Close, Sunningdale Avenue, Crawley Road, Caroline Gardens, Devonshire Gardens, Berkley Close, Carlyle Street, Coach Road, The Forum, Bridgewater Close, Byron Avenue, Addison Court, and in these Tyne and Wear postcodes: NE28 0AH, NE28 0QN, NE28 0DY, NE28 0HF, NE28 6BU, NE28 0HG, NE28 0AB, NE28 0QF, NE28 6BX, NE28 0LP. Folks in these local areas recently requested help from a financial advisor. Wallsend residents enjoyed the benefits of trusted and reliable financial services in every case.

More Wallsend Services: Obviously, when you are looking at your finances in Wallsend, Tyne and Wear, you will probably need all kinds of different services and as well as a financial advisor in Wallsend, Tyne and Wear, you could also need family lawyers in Wallsend, tax preparation in Wallsend, mortgage advice in Wallsend, estate planning in Wallsend, mortgage brokers in Wallsend, accounting in Wallsend, property law & conveyancing in Wallsend, payroll services in Wallsend, contracts lawyers in Wallsend, banruptcy lawyers in Wallsend, will writing in Wallsend, business consulting in Wallsend, solicitors in Wallsend, investment advisors in Wallsend, bookkeeping in Wallsend, business financial planning in Wallsend, debt recovery & collection in Wallsend, and other different Wallsend experts.

To find out local Wallsend info go here

Independent financial advisor in NE28 area, telephone code 0191.

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(This financial advisor Wallsend article was last updated on 01-09-2022)