Financial Advisor Exeter

Managing your finances can sometimes feel overwhelming, especially with so many financial products and investment options available. If you're unsure about your next financial step, speaking with a financial advisor in Exeter can help. A qualified advisor will provide personalised guidance to help you make confident financial decisions and achieve your long-term goals.

Searching for a financial advisor in Exeter

Are you searching for a financial advisor in Exeter? Here are a few things you should know. Firstly, it is the advisor's job to become your financial planner and guide. For example, are you looking to retire early? An advisor can help you plan to achieve your goal. Similarly, let us say you want to save for your children's education. An advisor can implement a plan aimed at generating sufficient funds to meet the costs.

How and where to start

An initial meeting is usually arranged. The advisor will confirm that they are authorised by the FCA. Also, they will explain whether they are independent or restricted. Both types of advisors offer the same service. An independent advisor can offer a broader range of options. However, a restricted advisor may offer lower charges. Significantly, both types of advisors must act in your interest. Once you have chosen your advisor, they will arrange regular reviews. These can be set at intervals that suit you. Therefore, you stay up to date on any key market changes. As a result, helps you stay on target to achieve your goals.

The process of getting financial advice

The most common company pension types are:

Group personal pensions.
Occupational schemes.
Auto Enrolment.

These schemes allow you to withdraw 25% of your pension as a tax-free lump sum. You can also enter a money purchase arrangement upon retirement. The two most common options are income drawdown or annuity purchase.

You may also have personal pension plans. These offer different income options at retirement. There is a wide variety of essential choices. As such, seeking a financial advisor in Exeter may be beneficial.

Key areas of advice offered by advisors covering Exeter

Investment and savings: A financial advisor will have access to investment products. Some of which are not always available on the high street.
Financial Planning: A financial advisor helps you with your financial goals and aspirations. Covering short, medium, and long term.
Insurance and Protection: Advisors can offer a wide range of protection products. These range from income protection to capital gains tax planning.
Inheritance Tax Planning: A financial advisor can help reduce any IHT your heirs may face.
Final Salary Pensions: It is mandatory in the UK to seek financial advice if you have a final salary pension over £30,000.

Contact us for a financial advisor in Exeter

Contact us for a financial advisor in Exeter. Since 2016, we have linked with over 250 firms covering every corner of the UK. Therefore, we can find you a local advisor. Therefore, finding a financial advisor in Exeter could not be easier than using Regulated Advice.

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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 would be around 3%. Therefore, a £30,000 investment would cost around £900.

For complex cases, such as a final salary schemes 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 Exeter 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 do I 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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