Financial Advisor London

There will be times when you are not sure what to do with your money or what decisions you need to make about your financial future. There are many financial products on offer, and choosing the most suitable ones can be confusing. If you are confused or worried about planning, you can speak to a financial advisor in London for help.

Searching for a financial advisor in London?

Our financial advisor in London put your needs first. They will review your current financial situation and provide a free, no-obligation initial consultation. From there, you will receive tailored advice, followed by an annual review to keep your plan up to date.

We recommend choosing a local financial advisor in London. Enter your postcode to find one near you.

How the process works

All financial advisors will conduct an initial meeting. During the meeting, they will explain whether they are independent or restricted, and what their fee structure is. Also, the meeting gives them a chance to get to know you and understand your goals and aspirations. Furthermore, the meeting gives you a chance to get to know them. Hopefully, you can build a long-term working relationship with them, although not vital, it is always easier if you get on.

Following the initial meeting, the financial advisor will put together a plan of guidance. The recommendations must be beneficial to you. If you do appoint them as your advisor, they will conduct regular reviews. The reviews are at intervals that suit you. As such, it can be convenient if the advisor is close to you.

The Financial Conduct Authority registers and regulates all financial advisors. This means the Financial Conduct Authority protects you for any advice they offer.

The process of getting financial advice

Should you be looking for a financial advisor in London, it would help to be mindful of a few things.

Before you search for an advisor or pension specialist in London, you need to know what type of pension you have. For example, a defined benefit scheme or a pension with safeguarded benefits will require specialist advice. In other words, you may need to look beyond your local area to find suitable advice.

You can review a defined benefit scheme from the age of 55 (unless you have ill health). However, all defined contribution schemes will pose no problem for most financial advisors.

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 London

We always aim to find a financial advisor near London whenever possible. We work with over 300 advisors who cover the whole of the UK. In 2024, we connected more than 12,000 clients with our financial advisors.

They can assist you with every aspect of financial advice. Also, remember the Financial Conduct Authority authorises all our advisors. So, finding an advisor near you 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 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 London 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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