Financial Advisor Bath

Need a financial advisor near Bath? It can take a lot of time and research to find a suitable financial advisor. However, if you are looking for a financial advisor near you, we can help. In 2024, we connected more than 12,000 people with financial advisors. And we work with over 250 advisors covering the whole of the UK. Also, the Financial Conduct Authority authorises and regulates all of our financial advisors. Many advisors these days conduct remote video meetings as they are more time-efficient and convenient for both parties. However, some do still prefer face-to-face meetings. Whatever your choice we aim to find an advisor close to you.

Finding a financial advisor in Bath

Financial advisors will conduct an initial meeting, free of charge. It gives them a chance to find out what your current and future financial goals are. At the same time, it also gives you a chance to get to know them and what they can offer.

Following the initial meeting. The advisor will provide suggestions tailored to you and your situation. If you then choose to appoint them as your advisor, they will conduct regular reviews. The ongoing reviews are at intervals that you choose and that suit you. Therefore, in some cases, it's convenient if the advisor is close to you. Above all, remember the FCA authorises and regulates all of our financial advisors.

What can a financial advisor help me with?

Below are some of the most common things that prompt people to seek financial advice. However, a financial advisor can help with all aspects of financial advice.

Pensions – Accessing your defined benefit pension and how best to take retirement income, setting up and managing personal pensions or consolidating pensions.
Financial Planning – How to ensure you use your income, savings and investments efficiently to achieve your future goals.
Investing – Finding the best investments to achieve maximum growth. Tax-efficient investing. Also, how to build a mixed investment portfolio.
Insurance – Finding the best life insurance, income or mortgage protection or critical illness cover.
Inheritance Tax - Leave an inheritance and avoid or reduce IHT by protecting your family wealth.

So, if you are looking for advice on any of the above, it is an ideal time to find a financial advisor in Bath.

How the financial advice process works and what to expect

Firstly, financial advisors will conduct an initial meeting. They will discuss and assess your financial situation. Also, what you are looking to achieve and what financial goals you have. At the same time, it also gives you the chance to see what they can offer and get to know them. Initial meetings are usually free of charge.

Following the initial meeting. The advisor will provide suggestions tailored to you and your situation, then explain how you stand to benefit from taking their advice. As well they will explain their fee structure and charges, if you then choose to select them as your advisor, they will perform regular reviews. The ongoing reviews are at intervals that you choose and that suit you. Therefore, in some cases, it can be helpful if the advisor is close to you.

Below are brief details about the main things a financial advisor in Bath can advise on. However, they can help with almost all financial matters.

Pension advice

Most company and personal pension schemes are called defined contribution schemes. With these schemes, you build up a pot of money to provide retirement income.

You can usually access this type of pension from the age of 55, rising to age 57 from 2028. You can take up to 25% of your total fund as a tax-free lump sum. Then you have various income options for the remainder. Such as, flexible drawdown and purchasing an annuity. However, be aware that only 25% is tax-free; the remaining 75% is taxable.

A financial advisor will help you to understand all your retirement income options. They can also suggest ways to access your pension funds in the most tax-efficient way. Therefore, you should stand to benefit in the long run by getting financial advice on your pensions.

Contact us for a financial advisor in Bath

As I have said, we always aim to find a financial advisor close to you whenever possible. To date, we have successfully booked over 8,000 financial advisor appointments. Also, remember the FCA authorises all of our advisors. So, you can rest assured, you will receive the best financial advice available. In conclusion, when using Regulated Advice, the process of finding a suitable financial advisor could not be simpler.

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Frequently asked questions

How much does a financial advisor cost?

If you appoint a financial advisor to review your investment or pension portfolio, you may be charged a fee based on the total value of the funds. Typical percentages range from 1% to 3%. For complex cases, such as a final salary scheme, a fixed fee can be agreed upon before giving advice. Some advisors may charge you an hourly rate for certain specific services, such as calculating pension lifetime allowances.

Do I need a financial advisor?

If your pension pot is more than £30,000 and is a defined benefit scheme, you will require regulated financial advice. UK regulations mandate this requirement. Most leading UK pension providers now insist on regulated advice for transfers of this size on defined contribution schemes.

Who can help with pension advice?

Any financial advisor in Bath certified by the FCA can give you financial advice. All our listed advisors are checked against the Financial Conduct Authority (FCA) register. We list on all advisor profiles both the personal FCA reference number and the FCA reference number for your piece of mind.

How to find a financial advisor?

Feel free to search our financial advisor directory by clicking here. Alternatively, we can match you to a financial advisor by clicking here.

Are you qualified to help me?

By law, all financial advisors must hold at least an FCA-approved level 4 qualification. Many will have higher qualifications for specialist areas of advice, such as defined benefit schemes, but you may want to check that they at least meet the standard.

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