Financial Advisor Workington

Workington Independent Financial Advice & Investment

Financial Advisor Workington Cumbria (CA14): Finding a first-rate independent financial advisor in Workington can be a challenging experience, in particular if you're needing financial advice for the very first time. Whether it's mortgage, pensions, investments or even insurance advice that you're searching for, there is one common rule for all qualified financial advisors; they all have to adhere to Financial Conduct Authority (FCA) regulations. The advantage of this is that if a financial advisor who is FCA authorised gives you poor advice, and anything goes wrong, you've got guarantees, and are able to go to the Financial Ombudsman or the Financial Services Compensation Scheme to have it put right.

Free Workington Financial Advisor Quotes

When choosing a financial advisor in Workington, a decent place to begin could be friends and neighbours, however you must keep in mind that your circumstances might not be the same as theirs, and you might be in need of a different type of advice. Financial advice should be specifically tailored to your unique circumstances, and you'll find that certain financial advisors may not be appropriate for your requirements. Picking a financial advisor is an important decision and it is wise to speak with at least three different firms so as to explore the options they can provide, and to find one you feel comfortable with and can trust.

Financial Advisor Workington Cumbria (CA14)

When you are looking to pick a financial advisor in Workington, there are two main types; restricted advisors and independent financial advisors. An independent financial advisor won't be restricted to the products or services of a single company. Independent financial advice must encompass the entire spectrum of financial products and companies, and should be given in an unbiased way. If you opt to use an independent financial advisor, you'll be able to choose from the widest possible range of products, so as to find the right solution for your needs. A restricted financial advisor might be limited to services and products from a specific provider, or may even concentrate on one particular product, as you might find with a mortgage advisor.

Before taking you on as a client, any Workington financial advisor must tell you about their charges, as set out by the Financial Conduct Authority. Although it varies depending on the kind of service or product you require, there could be a set fee, an hourly rate, or you could even be charged a proportion of what you're investing. A free preliminary consultation may be offered, so you can discuss your objectives and situation to see if the advisor is the right fit. In some bigger Workington firms, you might find that your account is being looked after by a team rather than an individual advisor.

Financial Advisors Workington UK (01900)

You'll be required to fill in a "Fact Find" form, which is a confidential disclosure document relating your financial situation and goals to the advising company. To provide information on the financial advisor, their status to offer restricted or independent advice and their scope of permissions in the financial arena, you will also be given a Key Facts or Initial Disclosure Document. If you aren't satisfied with the service provided, and wish to complain, this document will also lay down your legal rights and the possible options you can take. It should be typed out in plain English and detail what you're signing up for, and any potential risks and benefits if you elect to accept the advice offered. You can find the level of cooling-off period in the Key Facts Document. This permits you to cancel the agreement within a specific period of time, and whenever any penalty charges are incurred.

The very first time you are speaking with your financial advisor you'll want to check what experience and qualifications they have. After all you are on the verge of entrusting your financial future to their expertise, so you shouldn't be embarrassed about asking these questions. All financial advisors in Workington must as a minimum hold a Level 4 qualification and be able to present an annual Statement of Professional Standing. If the advisor's name doesn't appear on the Financial Services Register, you should not stress, the company the advisor works for will almost certainly be on the register and their staff are all covered by the legislation. If these can't be provided the person can still offer financial guidance instead of advice. In terms of finance guidance differs to advice and is not regulated. Therefore there isn't any recourse for either party if errors arise.

Financial Advisor Quotes in Workington Cumbria

If it is investments that you are interested in, the advisor will ask you about the level of risk you might be willing to take with your hard-earned cash. Bigger rewards may be possible with high risk investments, however you may also lose all or some of your money. Good financial and investment advice will take you savings aims into consideration, i.e. how quickly you need access to your funds, long or short term investments and how much you wish to invest. The one question that you should ask of yourself, which is frequently ignored, is just how much money you can really afford to lose. Sometimes referred to as your 'capacity for loss', this will quite likely have an effect on products and services that you're offered.

Financial Advice Near Workington Cumbria

If you already have any current mortgage loans, investments, regular outgoings or personal savings, you should tell your financial advisor about these. This should give a full and clear picture of your current financial situation, without which the advice given may not be the most appropriate for you. The diversification of your investments and savings by spreading the risk load across various different products, is an important part of reliable financial advice. In order to match your goals and financial situation, a competent financial advisor in Workington will have the knowledge of the best products to consider.

A financial advisor will open up the complex world of finance, and try to speak in as plain a speech as possible. You should be in a position to come to an informed decision once you have compared the various services and products that meet your needs. If you are mind is firmly on the environment, you could even ask your advisor to stick to ethical savings and investment schemes. This will allow you to lend support to organisations and companies that match your concerns, e.g. green energy or zero carbon, or perhaps avoiding corporations that do not meet your standards.

It isn't that easy to work closely with a financial advisor in Workington without this impacting on your work day and other responsibilities. Face-to-face appointments can be supplemented with phone calls and video conferencing to enable you to get advice at a time to suit you. A professional financial advice provider in Workington will have rigorous measures in place to keep your details secure and confidential, even if you never have an in-person meeting with your personal advisor, because remote and home working is now so common.


Investment values could drop as well as rise, and this is a factor that you have to remember. If your investment isn't making as much money as you hoped for, it can be very disheartening and stressful. A downward trend in your investment is not seen as a cause for complaint, unless your advisor has given you incorrect or misleading information.

Independent Financial Advisor Near Workington (CA14)

Any disputes should commence with the firm's official complaints procedure as laid out in the Key Facts Document. If your advisor is a member of the FCA, you can inform the Financial Ombudsman of the problem if it is unresolved within the timeframe laid down by the regulating authority.

The Financial Ombudsman will come to a decision after independently reviewing the cause for complaint. If it's established that the complaint is justified, a decision is made on how the client can be financially compensated. This will become a legally binding decision as soon as it has been agreed on by the client, and the financial advisor and their firm must abide by the ruling. The Ombudsman will also take into consideration any hassle, inconvenience, distress and annoyance caused to the customer during the process, and set the level of compensation accordingly.

Book a Financial Advisor in Workington UK

Financial advice can be provided in Workington and also in nearby places like: Stainburn, Flimby, Brigham, High Harrington, Siddick, Schoose, Salterbeck, Distington, Barepot, Seaton, Lillyhall, Harrington, Westfield, Parton, Northside, Dunmall Park, Eaglesfield, Lamplugh, Bridgefoot, Great Clifton, Camerton, and in these postcodes CA14 2SP, CA14 2RS, CA14 2NN, CA14 2UB, CA14 2TL, CA14 2DE, CA14 2EY, CA14 1JR, CA14 2SB, CA14 2QS. Local Workington financial advisors will likely have the phone code 01900 and the postcode CA14. Verifying this will confirm you are accessing local financial advisers. Workington home and business owners are able to benefit from these and various other similar services.

Regular Tasks of a Financial Advisor

  • Financial advisors thrash out advantageous deals with with providers of financial products.
  • Financial advisors maintain detailed records of potential clients and transactions.
  • Financial advisors produce detailed financial reports.
  • Financial advisors update customers concerning their investments.
  • Financial advisors provide counselling, consultation and education with regards to finances and investments.
  • Financial advisors talk with customers regarding their plans and finances.
  • Financial advisors meet sales and performance targets.
  • Financial advisors keep fully abreast of new financial products and regulation changes.
  • Financial advisors work with colleagues to gather statistics, market information and trends.
  • Financial advisors research financial products and explain them simply and clearly to their clients.

Financial Advice Enquiries Cumbria

Financial Advice Enquiries Cumbria

Recently posted Cumbria financial advice enquiries: Georgie and Aidan Lunt from Alston recently asked for information on mortgages. Zahraa Plummer and Gabriel Plummer from St Bees recently enquired about mortgage advice. Mr and Mrs Ford from Dean recently enquired about family income benefit. Eloise Cousins from Wigton, Cumbria recently asked for information on family income benefit. Nicole Griffin and Reid Griffin from Lowca recently asked for information on equity release. Saul Bone and Ariya Bone from Abbeytown recently asked for information on pensions. Carson and Amelia-Lily Heather from Urswick, Cumbria recently enquired about getting financial advice. Mr and Mrs Bradley from Scotby, Cumbria recently asked for information on life assurance. All these local people did a search for "financial advisor Cumbria" and located this webpage on Yahoo, Bing or Google.

Workington Financial Advice Services

Financial Advice Tasks Workington

There are a whole host of services which are provided by your local Workington financial advisor including financial planning, life insurances, personal pensions, equity release, cashflow planning, will writing services, stakeholder pension advice, bereavement benefit advice, independent financial advice Workington, personal protection, bridging finance, money planning in Workington, wealth management & investments, life assurance advice, pension transfer advice, investment advice, ISA's, mortgage advice in Workington, multi-asset portfolios Workington, trusts, inheritance tax planning, unit trusts in Workington, pension reviews, corporate bonds, trustee investment services, retirement planning, income protection, pension planning, mutual funds, financial analyst services Workington, and lots more. These are just some of the duties that can be conducted by a financial advisor. Workington professionals will keep you informed about their entire range of services.


Financial Advisors Near Workington

Also find: Lillyhall financial advisers, Siddick financial advisers, Lamplugh financial advisers, Parton financial advisers, Brigham financial advisers, High Harrington financial advisers, Stainburn financial advisers, Seaton financial advisers, Distington financial advisers, Northside financial advisers, Great Clifton financial advisers, Salterbeck financial advisers, Bridgefoot financial advisers, Harrington financial advisers, Dunmall Park financial advisers, Camerton financial advisers, Eaglesfield financial advisers, Barepot financial advisers, Schoose financial advisers, Westfield financial advisers, Flimby financial advisors and more. All of these places are catered for by local financial advisers. Workington residents can get estimates by going here.

Workington Financial Advice Services

Find a Financial Advisor in Workington Here
Financial Advice Enquiries in Workington Cumbria (01900)
  • Workington Financial Services
  • Workington Cheap Financial Advice
  • Workington Wealth Management
  • Workington Tax Advice
  • Workington Independent Financial Advice
  • Workington Cashflow Analysis
  • Workington Financial Advice Quotations
  • Workington Pension Advice
  • Workington Life Insurance Advice
  • Workington Estate Planning
  • Workington Investment Advice
  • Workington Corporate Financial Planning
  • Workington Mortgage Advice
  • Workington Trustee Investments

Financial Advisors Around Workington: Some Workington areas and streets where financial advice has recently been given - Salterbeck Drive, Siddick Road, Chapel Brow, The Pow, Chambers Street, Schoose Caravan Park, Carlisle Walk, Burrow Walls, Bannatyne Drive, Branthwaite Lane, Corporation Road, Dalzell Gardens, Alexander Close, Thompsons Yard, Bowness Court, Crummock Road, Birch Close, St Johns Arcade, Topaz Terrace, Albert Street, Banklands Court, Cinder Hill, Coniston Drive, Stocks Hill, as well as these local Workington postcodes: CA14 2SP, CA14 2RS, CA14 2NN, CA14 2UB, CA14 2TL, CA14 2DE, CA14 2EY, CA14 1JR, CA14 2SB, CA14 2QS. Folks living in these local areas recently requested help from a financial advisor. Workington residents were given high quality and reliable financial services in every case.

If you need local Workington info go here

Independent financial advisor in CA14 area, and dialling code 01900.

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(This financial advisor Workington content was checked and updated on 06-05-2022)