Financial Advisor Workington

Workington Independent Financial Advice & Investment

Financial Advisor Workington Cumbria (CA14): Finding a first-rate financial advisor advisor in the Workington area can be a challenging experience, especially if you're seeking financial advice for the very first time. Whether you are searching for pensions, mortgage, investments or even insurance guidance, all qualified financial advisors are bound by one common rule; they must all conform to the regulations set by the Financial Conduct Authority. This comes with certain guarantees, therefore after taking advice from a FCA registered financial advisor in Workington, you can seek recompense from the Financial Ombudsman Scheme or the Financial Services Compensation Scheme, if something should go wrong.

Free Workington Financial Advisor Quotes

Relatives and friends recommendations can be a decent starting place in selecting a financial advisor in Workington, but bear in mind that their needs may be different to the type of advice you are looking for. Financial advice needs to be individually tailored to your unique situation, and you will discover that some financial advisors may not be appropriate for you. It is a good idea to speak with at least three different companies when you are picking a financial advisor, as this is a major decision, and you need to find one that you can trust and feel comfortable with, and check out the various options they can provide.

Financial Advisor Workington Cumbria (CA14)

There are two principal kinds of financial advisor in Workington; independent financial advisors (IFA) and restricted advisors. An IFA should not be restricted to the products or services of a single company. Covering the entire spectrum of financial products and companies, independent financial advice should be offered in an unbiased and impartial way to customers. Consulting an IFA should enable you to pick from the widest possible range of products. A restricted financial advisor might be tied to services and products from one particular company, or may even concentrate on just one product, as you might find 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. You might be charged by the hour, a set fee or even a specific percentage of your investment value, dependant upon services you are interested in. To discuss your objectives and determine whether the advisor is the proper choice for your circumstances, you may be offered a free first consultation. If you use one of the bigger Workington companies, your account could be looked after by a team of advisors rather than one individual.

Financial Advisors Workington UK (01900)

Before any financial advice is handed out you'll have to fill out a confidential disclosure form, known as a "Fact Find" document, which tells the advising firm about your financial situation and targets. You'll also be handed an Initial Disclosure, or Key Facts Document, which gives you information regarding the financial advisor, their situation for offering restricted or independent advice and their scope of permissions in the financial arena. If you're not happy with the service, and wish to complain, this document will also lay out your legal rights and the possible options you can take. It must be simple to understand, written in plain language, and outline precisely what you're signing up for, together with the benefits and risks of accepting the proffered advice. The level of cooling-off period should also be fully explained in this Key Facts Document. This enables you to cancel the contract with your financial advisor within a specific period of time, and whenever any penalties have to be paid.

You should check what experience and qualifications the financial advisor has the first time you speak to them. You needn't be self-conscious about asking these questions, after all you are about to entrust your long-term financial wellbeing to their skill. Every financial advisor in Workington must be able to present an annual Statement of Professional Standing, and must at least hold a Level 4 qualification. When you check the Financial Services Register, you shouldn't stress if your financial advisor's name does not show up on there; you should be able to find the company name, and that means the regulations covers all of their personnel. If they are not able to provide these accreditations, the individual cannot offer advice but only financial guidance. Guidance is different to advice as it isn't regulated in the same way, and if financial errors are made there will likely be no recourse to the client.

Financial Advisor Quotes in Workington Cumbria

You'll be asked about the level of risk you are willing and able to take on, if you are seeking advice on investing money. Larger rewards might be possible with high risk investments, but you could also lose all or some of your capital. In order to get the most effective investment and financial advice, your savings goals will have to be carefully considered, i.e. how much you wish to invest, how quickly you need to access your funds and short or long term investments. "How much money can you truly afford to lose?" Is the one question that you really need to ask yourself. Referred to as your 'capacity for loss', this will most likely affect the services and products that you're offered.

Financial Advice Near Workington Cumbria

If you have already got any existing investments, regular outgoing payments, savings accounts or mortgage loans, you should tell your financial advisor about these. They will need these details, so that they can get a picture of your finances and give the best advice for your needs. Good financial advice should allow for diversifying your investments and savings by spreading the risk across different products. So as to reflect your goals and financial situation, a qualified financial advisor in Workington will be aware of the best areas to consider.

Communicating in the plainest speech possible, your financial advisor will unmask the complex world of investment and finance. You should be in a position to make an informed decision when you have compared the various products and services which meet your needs. If environmental issues are at the forefront of your mind, you could ask that ethical investments and savings take top priority. This does not just give you investment opportunities, but also allows you to lend your support to zero carbon or renewable energy projects, and steer clear of businesses and companies that don't share the same values.

Working alongside a financial advisor in Workington can be challenging to fit in around your work day and other obligations. Face-to-face appointments can be backed up with video conferencing and telephone calls to enable you to get advice at times that suit you. Even if you never have a face-to-face meeting with your advisor, a professional financial advice provider in Workington will have strict measures in force to ensure your details are kept secure and confidential, because home and remote working is now commonplace.


Investments can be a volatile area, and values can go down as easily as they go up. It can be very demoralising and worrying if your investment isn't making the amount of money you hoped for. A downward spiraling of your investment isn't seen as a basis for complaint, unless your financial advisor has supplied you with misleading or incorrect information.

Independent Financial Advisor Near Workington (CA14)

Any complaints should commence with the company's official complaints procedure as detailed in the Key Facts Document. You can tell the Financial Ombudsman about the situation if it is unsolved within the time schedule laid down by the regulating authority, and your financial advisor is a member of the FCA.

After independently reviewing the cause of the complaint, the Financial Ombudsman will make a ruling on the issue. If the complaint is justified, a decision will be made on how to financially compensate the customer. Once agreed on by the client, the ruling becomes a legally binding one, and the financial advisor and their firm must abide by it. Any inconvenience, trouble, annoyance and distress caused to the client during the situation, will be considered when the Financial Ombudsman fixes the level of compensation.

Book a Financial Advisor in Workington UK

Financial advice can be provided in Workington and also in: Brigham, Flimby, Camerton, Parton, High Harrington, Stainburn, Barepot, Salterbeck, Siddick, Lillyhall, Dunmall Park, Seaton, Westfield, Schoose, Lamplugh, Northside, Bridgefoot, Distington, Harrington, Great Clifton, Eaglesfield, together with these postcodes CA14 2FF, CA14 2QQ, CA14 2DE, CA14 2DW, CA14 2SH, CA14 2QN, CA14 2PX, CA14 2LZ, CA14 2QG, CA14 2PY. Local Workington financial advisers will most likely have the telephone code 01900 and the postcode CA14. Simply click the "enquiry" form or banner to get info on financial advisors in your location.

Cumbria Financial Advice Enquiries

Cumbria Financial Advice Enquiries

Recent Cumbria financial advice enquiries: Mr and Mrs Sneddon from Keswick recently enquired about investment advice. Emilija Hough from Ulverston recently enquired about offshore investments. Clarke Mckie from Haverigg, Cumbria recently asked for information on mortgages. Elis Mottram from St Bees, Cumbria recently asked for information on investment bonds. Emmanuel Exley from Appleby in Westmorland, Cumbria recently enquired about family income benefit. Conan and Lorelei Christie from Egremont, Cumbria recently asked for information on financial planning. Indiana and Nathaniel Moroney from Dearham, Cumbria recently enquired about investment bonds. Kelsey Oliver from Lower Allithwaite, Cumbria recently enquired about investment bonds.

Workington Financial Advice Services

Financial Advice Tasks Workington

There are a whole host of services which can be provided by your local Workington financial advisor including financial planning Workington, financial analyst services Workington, investment advice, financial services, corporate financial planning, trusts in Workington, investment bonds, annuity purchase Workington, pension transfers in Workington, personal financial planning, will writing services, stakeholder pensions, mutual funds in Workington, pension advice, cashflow analysis, pension drawdowns, ISA's Workington, cash flow modelling, business planning, annuities, life insurance, income protection, family income benefit Workington, wealth management & investments, trustee investment services, and more.


Financial Advisors Near Workington

Also find: Brigham financial advisors, Bridgefoot financial advisors, Harrington financial advisors, Flimby financial advisors, Northside financial advisors, Dunmall Park financial advisors, Stainburn financial advisors, Lamplugh financial advisors, Barepot financial advisors, Schoose financial advisors, Parton financial advisors, Great Clifton financial advisors, Seaton financial advisors, Eaglesfield financial advisors, High Harrington financial advisors, Distington financial advisors, Westfield financial advisors, Siddick financial advisors, Salterbeck financial advisors, Camerton financial advisors, Lillyhall financial advisors and more.

Workington Financial Advice Services

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

Financial Advisors Around Workington: Financial advice has recently been given in the following Workington streets - Belvedere Street, Springfield Avenue, Senhouse Walk, Thirlmere Avenue, Barnsdale Road, Bank Road, St Michaels Court, Dean Street, Brown Street, Bowness Court, Scawfield, Barncroft Avenue, Church Road, Brigbourne Drive, Briery Acres, Chapel Street, Branthwaite Road, Asby Lane, Sunnyside, Shore Side, Albert Street, Calva Road, Cedar Court, Barfs Road, Christian Street, Cavendish Street, Derwent Avenue, Clifton Hall Close, Calva Park, Beck Green, as well as the following Workington area postcodes: CA14 2FF, CA14 2QQ, CA14 2DE, CA14 2DW, CA14 2SH, CA14 2QN, CA14 2PX, CA14 2LZ, CA14 2QG, CA14 2PY.

More Workington Services: Naturally, whenever you are looking at your finances in Workington, Cumbria, you'll probably need all kinds of different services and together with a financial advisor in Workington, Cumbria, you might also need mortgage advice in Workington, banruptcy lawyers in Workington, business financial planning in Workington, bookkeeping in Workington, investment advisors in Workington, will writing in Workington, tax preparation in Workington, business consulting in Workington, debt recovery & collection in Workington, contracts lawyers in Workington, estate planning in Workington, solicitors in Workington, mortgage brokers in Workington, family lawyers in Workington, payroll services in Workington, accounting in Workington, property law & conveyancing in Workington, and other different Workington experts.

To find local Workington information take a look here

Independent financial advisor in CA14 area, (dialling code 01900).

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